Imports$69.49 billion (2011 est.)
Exports$103.9 billion (2011 est.)
Inflation rate (consumer prices)10.8% (2011 est.)
Unemployment rate21% (2011 est.)
GDP - per capita (PPP)$2,600 (2011 est.)
National product real growth rate6.8% (2010 est.)
Internet users43.989 million (2009)
Telephones - mobile cellular87.298 million (2009)
Population growth rate2.553% (2012 est.)
Population170,123,740 (July 2012 est.)
British influence and control over what would become Nigeria and Africa's most populous country grew through the 19th century.
A series of constitutions after World War II granted Nigeria greater autonomy; independence came in 1960.
Following nearly 16 years of military rule, a new constitution was adopted in 1999, and a peaceful transition to civilian government was completed....
Oil-rich Nigeria has been hobbled by political instability, corruption, inadequate infrastructure, and poor macroeconomic management but in 2008 began pursuing economic reforms.
Nigeria's former military rulers failed to diversify the economy away from its overdependence on the capital-intensive oil sector, which provides 95% of foreign exchange earnings and about 80% of budgetary revenues.
Following the signing of an IMF stand-by agreement in August 2000, Nigeria received a debt-restructuring deal from the Paris Club and a $1 billion credit from the IMF, both contingent on economic reforms....
The Economist Intelligence Unit
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This report contains detailed forecasts and analysis for Nigeria, including trade and investment analysis, economic forecasts, political risk assessments and demographic trend analysis. Each ISA Country ...