Nigeria’s 2013 GDP growth down to 5.49%

By IAfrica
In Nigeria
Jul 11th, 2014

Nigeria’s actual Gross Domestic Product growth rate for 2013 has been revised down to 5.49 percent, from 7.41 per cent previously estimated during a rebasing exercise, the statistics office said on Friday.

In a surprise data release, the office also said GDP growth for 2012 had been revised down to 4.21 percent, from a previous estimate of 6.5 percent.

Reuters reports that Nigeria overtook South Africa as Africa’s largest economy in April, after a rebasing calculation almost doubled its GDP to more than $500 billion.

Print Friendly

This post has already been read 1 times!

This post was originally published on this site

Comments are closed.