Nigeria economy! Nigeria’s economy explained. Nigeria’s labor market, standard of living, trade balance, trading partners, government budget, debt and GDP growth for 2020 are presented.
Nigeria has the largest economy on the African continent. Nigeria's nominal GDP in 2018 was 397 billion U.S. dollars, ranking ahead of South Africa (368 billion USD). https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=NG&most_recent_value_desc=true
This video about the Nigerian economy was created in February 2020.
Sources:
Nigeria Population https://www.worldometers.info/world-population/nigeria-population/
GNI per capita, Atlas method (2018, current US$): https://data.worldbank.org/indicator/NY.GNP.PCAP.CD
Unemployment Rate 2020 in Nigeria https://www.pressreader.com/nigeria/daily-trust/20190503/282389810907880 https://www.premiumtimesng.com/news/top-news/328137-nigerias-unemployment-rate-hits-33-5-per-cent-by-2020-minister.html
Nigerian Labor Force https://data.worldbank.org/indicator/SL.TLF.TOTL.IN?locations=NG
Employment in agriculture, industry and services https://data.worldbank.org/indicator/SL.AGR.EMPL.ZS?locations=NG https://data.worldbank.org/indicator/SL.IND.EMPL.ZS?locations=NG https://data.worldbank.org/indicator/SL.SRV.EMPL.ZS?locations=NG
Nigeria Exports, Imports, Trade balance - 2018 data derived from the ITC (International Trade Centre): https://www.trademap.org/Country_SelProductCountry_TS.aspx?nvpm=1%7c566%7c%7c%7c%7cTOTAL%7c%7c%7c2%7c1%7c1%7c3%7c2%7c1%7c2%7c1%7c1
Government Debt to GDP in 2018: https://tradingeconomics.com/country-list/government-debt-to-gdp
Economic Growth International Monetary Fund - World Economic Outlook Oct 2019 https://www.imf.org/en/Publications/WEO/Issues/2019/10/01/world-economic-outlook-october-2019
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