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Nigeria : economy statistics and industry reports
- Updated on : 27 August 2012 Source : The World Factbook
Imports
$69.49 billion (2011 est.)$53.46 billion (2010 est.)
Exports
$103.9 billion (2011 est.)$73.7 billion (2010 est.)
Inflation rate (consumer prices)
10.8% (2011 est.)13.7% (2010 est.)
Unemployment rate
21% (2011 est.)4.9% (2011 est.)
GDP - per capita (PPP)
$2,600 (2011 est.)$2,500 (2010 est.)
$2,400 (2009 est.)
note: data are in 2011 US dollars
National product real growth rate
6.8% (2010 est.)5.6% (2009 est.)
6% (2008 est.)
Internet users
43.989 million (2009)Telephones - mobile cellular
87.298 million (2009)Population growth rate
2.553% (2012 est.)Population
170,123,740 (July 2012 est.)note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected
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Historical background
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.
...
Economic overview
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.
...PRS Group
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- October 2012
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Dun and Bradstreet (Altares)
D&B Country RiskLine Report: Nigeria
- $ 98
- Country report
- January 2013
- by Dun and Bradstreet (Altares)
Risk Update Economic growth looks set to achieve positive levels. Report Summary This D&B Country RiskLine Report will help you analyze the risks, opportunities and likely payment delays when doing business ...
- Countries : Nigeria
Manaconser Global LLC
Country Report - Nigeria 2013Q1
- $ 390
- Country report
- January 2013
- by Manaconser Global LLC
The company has endeavoured with this document to make a difference in reporting about a country, which has gained a dubious reputation in the world shading its untapped opportunities and enviable economic ...
- Countries : Nigeria
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