Gross Domestic Product And Contribution To GDP
Real GDP at 1990 Base Year
GDP growth in agric. sector relatively flat post-2004
Real GDP at 2010 Base Year
GDP growth in the agric. sector picks up in 2016Q1
Gross Domestic Product: Agriculture Gross Domestic Product growth rate recorded its highest point in 2006Q1 but fell sharply subsequently. Particularly, the slow growth recorded in 2015 and 2016Q1 is attributable to security challenges in the North Eastern part of Nigeria and slowdown of economic activities in the country.
Contribution to GDP: The agricultural sector contributed about 40 percent to overall GDP until the rebasing of the GDP in 2012 bringing the contribution of the agricultural sector below 30 percent. While the agricultural sector remains the second contributor to GDP, its contribution to GDP fell in 2016Q1 is attributable to the seasonal nature of farming.
Related
Internally Generated Revenue: Total internally generated revenue particularly declined across the 36 states in Nigeria, in 2015. This is attributable to the weak macroeconomic and financial conditions
Public Debt-to-GDP Ratio: The ratio of Nigerias cumulative government debt to national GDP has maintained an upward trend indicating the countrys declining economic productivity and ability to repay
Gross Domestic Product Growth Rate: The growth performance of the Oil and Gas sector has been unsteady throughout years and declined most significantly in 2015Q4, following a positive growth recorded
FDI, FPI and other Investments: The unusual fall in overall capital importation, especially in equity investment, in the late 2015 and early 2016 is attributable to the tougher macroeconomic and finan
