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22 May 2013
   
 
 
Article by: Motshabi Hoaeane

Nigeria


Capital city: Abuja
Languages: English (official); Hausa, Yoruba, Igbo, Fulani, Ijaw, Ibibio (other)

Economic profile
Monetary unit: Naira (1N = $ 0.006291)1
GDP per capita: $2 4712
GDP composition by sector:
Agriculture: 35.4%3
Industry: 33.6%3
Services: 31%3
GDP growth rate: 6.7%4
Consumer price inflation: 10.2%5
Industries: Crude oil, coal, tin, columbite; rubber products, wood; hides and skins, textiles, cement and other construction materials, food products, footwear, chemicals, fertiliser, printing, ceramics, steel3
Exports of goods and nonfactor services: Petroleum oils and oils obtained from bituminous minerals, crude (85.9%); natural gas, liquefied (6.9%)6
Import commodities: Machinery, chemicals, transport equipment, manufactured goods, food and live animals3
Reserves (excluding gold, in million dollars): 35 211.97
Foreign direct investment (in million dollars): 6 0998

Budget
Government revenue, including grants (as percentage of GDP): 28.2%9
Government expenditure and net lending: 28.4%9

Social profile
Population (in thousands): 162 47110
Population growth: 2.5%10
Life expectancy at birth (in years): 51.911
Adult literacy (people over 15): 60.8%12
School enrolment primary (total gross enrolment): 83.3%13
School enrolment secondary (total gross enrolment): 44%13
School enrolment tertiary: (figures not available)14
Unemployment: 21%3
Number of people living with HIV/Aids: 3.6%15
 

 

1 http://www.exchangerate.com
2 African Economic Outlook. Basic indicators (2011).
3 Central Intelligence Agency. World Factbook: Economy (2011).
4 African Economic Outlook. Real GDP growth rates (2011).
5 African Economic Outlook. Monetary indicators: inflation (2011).
6 African Economic Outlook. Exports (2010).
7 African Economic Outlook. Monetary indicators: reserves (2011).
8 African Economic Outlook. Foreign direct investment (2010).
9 African Economic Outlook. Public finances (2011).
10 African Economic Outlook. Demographic indicators (2010).
11 African Economic Outlook. Basic health indicators (2011).
12 African Economic Outlook. Basic education indicators (2009).
13 African Economic Outlook. School enrolment (2011).
14 World Bank. School enrolment tertiary (2010 to 2011).
15 African Economic Outlook. Major diseases (2009).
 

 

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