Nigeria's economy is dependent on revenue from the oil sector. It is the largest producer of oil in Africa and energy products accounted for 84% of total exports in 2012. Rebasing of the GDP figures in April saw Nigeria overtake South Africa as Africa's largest economy. Diversifying economic activity is essential for sustainable long term growth. However, maintaining a strong oil sector is critical, as revenues from this sector will fund the governments economic development plans.
This report includes 4 file(s)
Nigeria economic outlook Q3 2014 PDF - 323.31 KB 7 Pages, 1 Tables, 9 Figures
GDP Forecast Jul 2014.xls XLS - 1.58 MB
IP Forecast Jul 2014.xls XLS - 1.40 MB
Latest Population Forecast (with charts).xls XLS - 3.55 MB
This Economic Outlook presents our macroeconomic outlook to 2035 at the country level.
Specifically we assess the structure of the economy and present the GDP and industrial production outlook.
The long-term outlook is underpinned by a set of GDP models which take account of long-term structural drivers of GDP including demographics, investment and productivity growth.
Finally, we highlight the key risks facing our outlook, both upside and downside.
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Commodity market report | Nov 2014
Nigeria economic outlook Q3 2014
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