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Nigeria: Selected Issues and Statistical Appendix

International Monetary Fund

No 1998/078, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper and Statistical Appendix on Nigeria reviews economic development in Nigeria during 1994–97. Economic activity in Nigeria picked up modestly from its previously low growth rates in 1996–97, as growth in real GDP averaged 4 percent, compared with an average of less than 2 percent during 1992–95. The recovery was underpinned by steady growth in the petroleum sector, which comprises more than 40 percent of GDP and which benefited from buoyant world market demand and high international prices.

Keywords: ISCR; CR; rate; GDP deflator; exchange rate; federation; federation account; private sector; production function; oil GDP; FOS estimate; Exchange rates; Real exchange rates; Arrears; Africa; IMF GDP; GDP comparison; price development (search for similar items in EconPapers)
Pages: 146
Date: 1998-09-15
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Citations: View citations in EconPapers (2)

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