Current growth rate of nigeria

21 May 2019 The nation's economy, measured by Gross Domestic Product (GDP) growth rate, fell from the 2.38 per cent growth rate of the fourth quarter of  12 Jun 2019 I think the GDP should be growing at least double the population growth rate in order for the country to lift its people out of poverty. Ayodele 

In the long-term, the Nigeria GDP Growth Rate is projected to trend around 5.30 percent in 2020, according to our econometric models. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, Real GDP Growth YoY data in Nigeria is updated quarterly, available from Mar 2011 to Dec 2019, with an average rate of 2.7 %. The data reached an all-time high of 6.9 % in Mar 2011 and a record low of -2.3 % in Sep 2016. Nigeria: Economic growth quickens to over four-year high in Q4 2019 February 24, 2020 The economy shifted into a higher gear in the final quarter of last year, with annual GDP growth accelerating from 2.3% in the third quarter to 2.6%—the strongest expansion since Q3 2015. Since then, Nigeria’s economic growth has been driven by growth in agriculture, telecommunications, and services. Economic diversification and strong growth have not translated into a significant decline in poverty levels; over 62% of Nigeria's over 180 million people still live in extreme poverty.

Similarly, Nigeria was also ranked 156 out of 179 in Human Development Index ( HDI), representing a major decline in its ranking in recent times. Consequently, 

Since then, Nigeria’s economic growth has been driven by growth in agriculture, telecommunications, and services. Economic diversification and strong growth have not translated into a significant decline in poverty levels; over 62% of Nigeria's over 180 million people still live in extreme poverty. GDP growth (annual %) - Nigeria from The World Bank: Data. Data. GDP: linked series (current LCU) GDP, PPP (constant 2011 international $) GDP (current LCU) GDP, PPP (current international $) GDP per capita growth (annual %) Download. CSV XML EXCEL. DataBank. Online tool for visualization and analysis. The Gross Domestic Product (GDP) in Nigeria was worth 410 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Nigeria represents 0.34 percent of the world economy. GDP in Nigeria averaged 130.01 USD Billion from 1960 until 2019, reaching an all time high of 568.50 USD Billion in 2014 and a record low of 4.20 USD Nigeria continues to grow faster than many other countries of similar size, but the rate is predicted to slow somewhat in the coming years with the current rate of 2.62% dwindling down to 2.04% by 2050. Nigeria's population is predicted to hit 206 million by 2020, and 264 million by 2030 - crossing the 300 million threshold around 2036. Nigeria Holds Key Interest Rate at 13.5%. The Central Bank of Nigeria held its monetary policy rate at 13.5 percent during its July meeting, as widely expected, as inflation rate remains well above the bank's target range of 6-9 percent and GDP growth remains subdued. The annual inflation rate in Nigeria rose for the fifth straight month to 12.13% in January 2020 from 11.98% in the prior month. It was the highest inflation rate since April 2018, as food prices also increased the most in nearly two years (14.85% vs 14.67% in December), amid shortages caused by prolonged borders closure. The Gross Domestic Product (GDP) in Nigeria was worth 410 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Nigeria represents 0.34 percent of the world economy.

GDP: Gross domestic product (million current US$), 2005, 180502. GDP growth rate (annual %, const. 2005 prices), 2014, 6.3. GDP growth rate (annual %, const  

Nigeria: Economic growth: the rate of change of real GDP: For that indicator, The World Bank provides The average value for Nigeria during that period was 3.8 percent with a minimum of -15.74 percent in Stages of economic development. Population, GDP, life expectancy, birth rate and other key metrics for Nigeria. 42 kilocalories (2016). Development assistance as share of government expense . The demographic transition creates potential for economic growth in several ways (Bloom et al., 2003). Nigeria's current fertility rate remains higher than that.

international development partners, all relevant stakeholders in the Nigerian economy and indeed all Nigerians as we launch and commence implementation of 

Nigeria continues to grow faster than many other countries of similar size, but the rate is predicted to slow somewhat in the coming years with the current rate of 2.62% dwindling down to 2.04% by 2050. Nigeria's population is predicted to hit 206 million by 2020, and 264 million by 2030 - crossing the 300 million threshold around 2036.

Nigeria continues to grow faster than many other countries of similar size, but the rate is predicted to slow somewhat in the coming years with the current rate of 2.62% dwindling down to 2.04% by 2050. Nigeria's population is predicted to hit 206 million by 2020, and 264 million by 2030 - crossing the 300 million threshold around 2036.

Economic freedom and economic development have been battered by Nigeria's chronic and severe political instability, intervention in the economy by the 

GDP Annual Growth Rate in Nigeria is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Nigeria to stand at 2.00 in 12 months time. In the long-term, the Nigeria GDP Growth Rate is projected to trend around 5.30 percent in 2020, according to our econometric models. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, Real GDP Growth YoY data in Nigeria is updated quarterly, available from Mar 2011 to Dec 2019, with an average rate of 2.7 %. The data reached an all-time high of 6.9 % in Mar 2011 and a record low of -2.3 % in Sep 2016.