Annual Real Gross Domestic Product (GDP) Value



Period Agriculture Manufacturing Information & Communication Finance & Insurance Real Estate
2019 17,958,583.71 6,469,831.88 9,472,859.89 2,148,388.53 4,366,350.60
2018 17,544,147.74 6,420,590.28 8,527,659.33 2,094,676.55 4,471,861.75
2017 17,179,495.29 6,288,896.80 7,776,896.97 2,053,001.84 4,694,391.27
2016 16,607,337.33 6,302,232.45 7,858,698.29 2,027,512.30 4,903,604.64
2015 15,952,220.14 6,586,618.64 7,708,113.83 2,123,896.82 5,264,695.89




Insight

In 2019, aggregate GDP stood at N144,210,492.07 million in nominal terms. This was higher than the  figure recorded in 2019 with an aggregate nominal value of N127,736,827.81 million, representing year on year nominal growth rate of 12.9%.

Since 2016 recession, the Nigerian economy has maintained its slow U-shaped recovery as the economy grew by 44% between 2019 and 2019 (nominal). In the last last decade, Nigerian economy (nominal term) recorded the biggest in 2016 slump. 

 

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