Gross Domestic Product Growth Rate And Contribution To GDP (ITC)
Real GDP at 1990 Base Year
ITC contribution to real GDP steadily rising, 2000-2010
Real GDP at 2010 Base Year
ITC real GDP growth fall post-2014
Gross Domestic Product Growth Rate: The information and communication sector has grown overtime but witnessed an unusual decline in 2011, which has remained low in 2016Q1 possibly due to declining consumer demand for related service.
Contribution to GDP: The contribution of the sector to overall GDP growth has maintained an upward trend, reflecting that the sector is well infused into the Nigerian economy in terms of its use of local content for capacity building.
Related
External Reserve: External reserve picked up from its year-2000 level below $10,000 million to above $60,000 million in 2008. However, the external reserve fell deeply in 2010/11 and even further in 2
Capital Importation: Given the positive outlook on the ITC sector in the past few years, investments in the sector reached a 10-year peak in 2014. However, the foreign investment fell marginally in 2
Net Foreign Exchange Flows through the Nigerian Economy: The recent fall in foreign exchange earnings reflects the decline in both oil sector receipts from CBN, and non-oil sector inflows from autonom
Crude Oil Price: Crude oil price attained a historical low of $30.7 in January 2016 largely due to excess global oil supply.
Crude Oil Production and Export: Oil production has continued to fall in
