Economy of Nigeria (Economy in Countries)

This book about the economy of Nigeria from the 1970s to the 2010s. Source data from UN Data.Size. In the 2010s, the gross domestic product of Nigeria was equal to 450.3 billion US$ per year; the value of agriculture was 95.5 billion US$; the value of manufacturing was 38 billion US$. Since the share in the world is between .1% and 1%, the country is classified as an average economy.Productivity. In the 2010s, the gross domestic product per capita was 2 582.5 US$; the agriculture per capita was 547.9 US$; the manufacturing per capita was 218.0 US$. Since the productivity is less the average below average, the economy is classified as least developed.Growth. In the 2010s, the growth of GDP was 3.8%; the growth of agriculture was 4.2%; the growth of manufacturing was 8.3%.Structure. In the 2010s, the economy of Nigeria consisted of: service (29.7%), agriculture (19.7%), transportation (14.3%), industry (13.9%), trade (12.0%), and construction (10.4%).Export and import. In the 2010s, the export was 41.1% higher than the import, the net export was equal to 5.7% of the GDP. The technological structure of export is not better than the structure of import.Consumption and reproduction. The attitude of reproduction to the consumption is not better than the global average, so the share of GDP in the world will not increase.

• | Author: Ivan Kushnir
• | Publisher: Independently published
• | Publication Date: Jan 28, 2019
• | Number of Pages: 71 pages
• | Language: English
• | Binding: Paperback
• | ISBN-10: 1795305584
• | ISBN-13: 9781795305587