Nigeria Economy

  • 4 years ago
Nigeria economy! Nigeria’s economy explained. Nigeria’s labor market, standard of living, trade balance, trading partners, government budget, debt and GDP growth for 2020 are presented.

Nigeria has the largest economy on the African continent. Nigeria's nominal GDP in 2018 was 397 billion U.S. dollars, ranking ahead of South Africa (368 billion USD).
https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=NG&most_recent_value_desc=true

This video about the Nigerian economy was created in February 2020.


Sources:

Nigeria Population
https://www.worldometers.info/world-population/nigeria-population/

GNI per capita, Atlas method (2018, current US$):
https://data.worldbank.org/indicator/NY.GNP.PCAP.CD

Nigeria 2020 Economic Overview
https://www.worldbank.org/en/country/nigeria/overview

Nigeria Unemployment Rate
https://tradingeconomics.com/nigeria/unemployment-rate
https://www.worldbank.org/en/country/nigeria/overview

Unemployment Rate 2020 in Nigeria
https://www.pressreader.com/nigeria/daily-trust/20190503/282389810907880
https://www.premiumtimesng.com/news/top-news/328137-nigerias-unemployment-rate-hits-33-5-per-cent-by-2020-minister.html

Nigerian Labor Force
https://data.worldbank.org/indicator/SL.TLF.TOTL.IN?locations=NG

Employment in agriculture, industry and services
https://data.worldbank.org/indicator/SL.AGR.EMPL.ZS?locations=NG
https://data.worldbank.org/indicator/SL.IND.EMPL.ZS?locations=NG
https://data.worldbank.org/indicator/SL.SRV.EMPL.ZS?locations=NG

Nigeria Exports, Imports, Trade balance - 2018 data derived from the ITC (International Trade Centre):
https://www.trademap.org/Country_SelProductCountry_TS.aspx?nvpm=1%7c566%7c%7c%7c%7cTOTAL%7c%7c%7c2%7c1%7c1%7c3%7c2%7c1%7c2%7c1%7c1

Budget Deficit
https://tradingeconomics.com/nigeria/government-budget

Government Debt to GDP in 2018:
https://tradingeconomics.com/country-list/government-debt-to-gdp

Economic Growth
International Monetary Fund - World Economic Outlook Oct 2019
https://www.imf.org/en/Publications/WEO/Issues/2019/10/01/world-economic-outlook-october-2019