FACTOID # 2: The majority of people in most African countries live in poverty.
 
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Africa > Nigeria > Economy

NIGERIAN ECONOMY STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Agriculture > products
cocoa, peanuts, palm oil, corn, rice, sorghum, millet, cassava, yams, rubber; cattle, sheep, goats, pigs; timber; fish
Aid as % of GDP 0.4% [109th of 129]
Economic freedom 1.15 [141st of 156]
Exchange rates
nairas per US dollar - 132.89 (2004), 129.22 (2003), 120.58 (2002), 111.23 (2001), 101.7 (2000)
Exports to US $2,635,500,000.00 [21st of 224]
GDP > PPP $155,571,000,000.00 [50th of 163]
GDP per capita in 1950 $547.00 [51st of 52]
GDP per capita in 1973 $1,120.00 [46th of 52]
Income category Low income
Income distribution > Poorest 10% 1.6% [94th of 114]
Income distribution > Richest 10% 40.8% [17th of 114]
Income distribution > Richest 20% 55.7% [21st of 114]
Population under $1 a day 70.2 [2nd of 59]
Poverty > Share of all poor people 8.03 % of world's poor [3rd of 80]
Trade with US > US exports of textile, sewing machines 481 [84th of 183]
World Trade > Exports > Base metal handheld equipment 2,109 [73rd of 110]
World Trade > Imports > Mech transmission equipment 23,656 [54th of 137]
World Trade > Imports > Mechanical handling equipment 146,325 [35th of 146]
World Trade > Imports > Special industrial machines nes 133,646 [52nd of 144]
World Trade > Imports > Special transactions nes 28 [112nd of 118]

... View all Economy stats

SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; The Heritage Foundation; US Census Bureau; World Bank. 2005. World Development Indicators 2005.; Angus Maddison; ; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; World Bank 2002b via backone.pdf; Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling; FTDWebMaster, Foreign Trade Division, U.S. Census Bureau; International Trade Centre UNCTAD/WTO; International Trade Centre UNCTAD/WTO; International Trade Centre UNCTAD/WTO; International Trade Centre UNCTAD/WTO; International Trade Centre UNCTAD/WTO

ALTERNATIVE NAMES: Nigeria, Federal Republic of Nigeria

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More facts and figures on Nigeria

 

COMMENTARY     

modupe
29th April 2005
Please, can you tell me the current economic conditions and level of unemployment as well as the number of companies that have folded up in Nigeria.

11th May 2005
I need info giving the breakdown of the national budget for Nigeria and allocations to different sectors of the economy from 1999 to 2004.
Babatunde
11th May 2005
Please show me the breakdown of the national budget for Nigeria and allocations to different sectors of the economy from 1999 to 2004.
Muhammad
24th June 2005
What are the main effects of the high rise of commodities in Nigeria from January 2005 to Date?
Bag of Sugar now costing about N8,000, and rice costing about N7,000/bag. $58 and $50 respectively.
stanley efe (warri, delta state nigeria)
24th February 2007
PLS KINDLY FURNISH ME WITH DATA ON FOREIGN EXCHANGE RATE OF RUBBER FROM 1980 TO 2005, EMAIL ley4luv2001@yahoo.com or text 08028176345
There are 25 more (non-authoritative) comments on this page

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