http://www.tradingeconomics.com/RSS Feed60http://www.tradingeconomics.com/nigeria/gdp-growthThe Gross Domestic Product (GDP) in Nigeria expanded 7.68 percent in the fourth quarter of 2011 over the same quarter of the previous year. Historically, from 2005 until 2011, Nigeria GDP Growth Rate averaged 6.9 Percent reaching an all time high of 8.6 Percent in December of 2010 and a record low of 4.5 Percent in March of 2009. The Gross Domestic Product (GDP) growth rate provides an aggregated measure of changes in value of the goods and services produced by an economy. Nigeria is one of the most developed economies in Africa. The petroleum industry provides 95% of foreign trade earnings and about 80% of budget revenues. Yet, agriculture is the main source of revenue for two-thirds of the population. Still, more than 50% of Nigerians live in poverty with corruption and poor infrastructure as the main obstacles for future sustainable development. This page includes a chart with historical data for Nigeria GDP Growth Rate. National Bureau of StatisticsSat, 26 May 2012 15:40:00 GMThttp://www.tradingeconomics.com/nigeria/current-account-to-gdpNigeria reported a Current Account surplus of 13.30 percent of the country's Gross Domestic Product in 2010. Historically, from 1980 until 2010, Nigeria Current Account to GDP averaged 0.0100 Percent reaching an all time high of 26.5000 Percent in December of 2006 and a record low of -18.7000 Percent in December of 1986. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page includes a chart with historical data for Nigeria Current Account to GDP.Thu, 24 May 2012 16:59:00 GMThttp://www.tradingeconomics.com/nigeria/government-debt-to-gdpNigeria recorded a Government Debt to GDP of 17.90 percent of the country's Gross Domestic Product in 2011. Historically, from 2000 until 2011, Nigeria Government Debt To GDP averaged 39.4600 Percent reaching an all time high of 88.0000 Percent in December of 2001 and a record low of 11.6000 Percent in December of 2008. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page includes a chart with historical data for Nigeria Government Debt To GDP.International Monetary Fund Thu, 24 May 2012 16:51:00 GMThttp://www.tradingeconomics.com/nigeria/government-budgetNigeria reported a Government Budget deficit equal to 2.96 percent of the country's Gross Domestic Product in 2011. Historically, from 2006 until 2011, Nigeria Government Budget averaged -3.2100 Percent of GDP reaching an all time high of 4.6000 Percent of GDP in December of 2008 and a record low of -10.4000 Percent of GDP in December of 2009. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page includes a chart with historical data for Nigeria Government Budget.Nigeria Budget OfficeThu, 24 May 2012 16:49:00 GMThttp://www.tradingeconomics.com/nigeria/inflation-cpiThe inflation rate in Nigeria was recorded at 12.90 percent in April of 2012. Historically, from 2006 until 2012, Nigeria Inflation Rate averaged 10.5200 Percent reaching an all time high of 15.6000 Percent in February of 2010 and a record low of 3.0000 Percent in July of 2006. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes a chart with historical data for Nigeria Inflation Rate.Central Bank of NigeriaWed, 23 May 2012 19:34:00 GMThttp://www.tradingeconomics.com/nigeria/interest-rateThe benchmark interest rate in Nigeria was last reported at 12.00 percent. Historically, from 2007 until 2012, Nigeria Interest Rate averaged 8.4600 Percent reaching an all time high of 12.0000 Percent in October of 2011 and a record low of 6.0000 Percent in July of 2009. In Nigeria, interest rate decisions are taken by The Central Bank of Nigeria. The official interest rate is the Monetary Policy Rate (MPR). This page includes a chart with historical data for Nigeria Interest Rate.Central Bank of NigeriaMon, 02 Apr 2012 17:41:00 GMThttp://www.tradingeconomics.com/nigeria/gdp-growth-annualThe Gross Domestic Product (GDP) in Nigeria expanded 7.68 percent in the fourth quarter of 2011 over the same quarter of the previous year. Historically, from 2005 until 2011, Nigeria GDP Annual Growth Rate averaged 6.8600 Percent reaching an all time high of 8.6000 Percent in December of 2010 and a record low of 4.5000 Percent in March of 2009. The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. This page includes a chart with historical data for Nigeria GDP Annual Growth Rate.National Bureau of StatisticsMon, 02 Apr 2012 17:38:00 GMThttp://www.tradingeconomics.com/nigeria/current-accountNigeria reported a current account surplus equivalent to 8140 Million USD in the second quarter of 2011. Historically, from 2005 until 2011, Nigeria Current Account averaged 2401.0700 Million USD reaching an all time high of 9455.3700 Million USD in December of 2009 and a record low of -4410.0000 Million USD in September of 2010. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page includes a chart with historical data for Nigeria Current Account.Central Bank of NigeriaMon, 02 Apr 2012 17:23:00 GMThttp://www.tradingeconomics.com/nigeria/balance-of-tradeNigeria reported a trade surplus equivalent to 9.2 Billion USD in December of 2011. Historically, from 2002 until 2011, Nigeria Balance of Trade averaged 2.5800 Billion USD reaching an all time high of 14.5900 Billion USD in October of 2011 and a record low of -3.8200 Billion USD in March of 2011. Exports of commodities (oil and natural gas) is the main factor behind Nigeria's growth and accounts for more than 95% of total exports. Nigeria's main exports partners are: USA (30% of total in 2009), Equatorial Guinea (8%), Brazil (6.6%), France (6%) and India (6%). Nigeria imports mainly: industrial supplies (32% of total), transport equipment and parts (23%), capital goods (24%), food and beverage (11%) and consumer goods. Main import partners are: China (17% of total), Albania (11.3%), United States (7.5%), France and Belgium. This page includes a chart with historical data for Nigeria Balance of Trade.Central Bank of Nigeria, National Bureau of StatisticsMon, 02 Apr 2012 17:11:00 GMThttp://www.tradingeconomics.com/nigeria/importsNigeria's imports were worth 3.35 Billion USD in December of 2011. Historically, from 2002 until 2011, Nigeria Imports averaged 2.2900 Billion USD reaching an all time high of 10.0300 Billion USD in March of 2011 and a record low of 0.4700 Billion USD in December of 2002. Nigeria imports mainly: industrial supplies (32% of total), transport equipment and parts (23%), capital goods (24%), food and beverage (11%) and consumer goods. Main import partners are: China (17% of total), Albania (11.3%), United States (7.5%), France and Belgium. This page includes a chart with historical data for Nigeria Imports.Central Bank of Nigeria, National Bureau of StatisticsMon, 02 Apr 2012 17:09:00 GMThttp://www.tradingeconomics.com/nigeria/exportsNigeria's exports were worth 17 Billion USD in December of 2011. Historically, from 2002 until 2011, Nigeria Exports averaged 4.8700 Billion USD reaching an all time high of 17.4500 Billion USD in October of 2011 and a record low of 0.7800 Billion USD in June of 2009. Exports of commodities (oil and natural gas) is the main factor behind Nigeria's growth and accounts for more than 95% of total exports. Nigeria's main exports partners are: USA (30% of total in 2009), Equatorial Guinea (8%), Brazil (6.6%), France (6%) and India (6%). This page includes a chart with historical data for Nigeria Exports.Central Bank of Nigeria, National Bureau of StatisticsMon, 02 Apr 2012 17:06:00 GMThttp://www.tradingeconomics.com/nigeria/unemployment-rateThe unemployment rate in Nigeria was last reported at 23.9 percent in 2011. Historically, from 2006 until 2011, Nigeria Unemployment Rate averaged 14.6000 Percent reaching an all time high of 23.9000 Percent in December of 2011 and a record low of 5.3000 Percent in December of 2006. The unemployment rate can be defined as the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for Nigeria Unemployment Rate.National Bureau of StatisticsMon, 02 Apr 2012 16:36:00 GMThttp://www.tradingeconomics.com/nigeria/gdp-per-capitaThe Gross Domestic Product per capita in Nigeria was last reported at 540.34 US dollars in 2010, according to a report published by the World Bank. The GDP per Capita in Nigeria is equivalent to 4 percent of the world's average. Historically, from 1960 until 2010, Nigeria GDP per capita averaged 367.9400 USD reaching an all time high of 540.3400 USD in December of 2010 and a record low of 236.3900 USD in December of 1968. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page includes a chart with historical data for Nigeria GDP per capita.World BankWed, 04 Jan 2012 19:04:00 GMThttp://www.tradingeconomics.com/nigeria/gdp-per-capita-pppThe Gross Domestic Product per capita in Nigeria was last reported at 2380.62 US dollars in 2010, when adjusted by purchasing power parity (PPP), according to a report published by the World Bank. The GDP per Capita, in Nigeria, when adjusted by Purchasing Power Parity is equivalent to 11 percent of the world's average. Historically, from 1980 until 2010, Nigeria GDP per capita PPP averaged 1252.9100 USD reaching an all time high of 2380.6200 USD in December of 2010 and a record low of 700.0300 USD in December of 1984. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for Nigeria GDP per capita PPP.World BankWed, 04 Jan 2012 19:02:00 GMThttp://www.tradingeconomics.com/nigeria/population Historically, from 1960 until 2010, Nigeria Population averaged 90.6900 Million reaching an all time high of 158.2600 Million in December of 2010 and a record low of 45.1500 Million in December of 1960. The total population in Nigeria was last reported at 158.3 million people in 2010 from 45.2 million in 1960, changing 251 percent during the last 50 years. Nigeria has 2.29 percent of the world´s total population which means that one person in every 44 people on the planet is a resident of Nigeria. This page includes a chart with historical data for Nigeria's Total Population. This page includes a chart with historical data for Nigeria Population.World BankFri, 28 Oct 2011 13:56:00 GMT