Ewrwer Essay

1230 WordsAug 14, 20155 Pages
Country: Nigeria In the last 5 years, the real GDP of Nigeria has grown at an average of 5.77% per year. Private consumption has been a big driver for the economic growth, increasing from $167.90 Bn (US$ at 2005 prices) in 2010 to $229 Bn in 2014 and is expected to rise to $239 Bn in 2015. The Real GDP, adjusted for PPP has also grown significantly from $1,140 bn in 2010 to $1,457 bn in 2014. The average growth in private consumption has been 6.05%. The exports have decreased by 45% in 2013, and, although there was a modest recovery of 1.1% in 2014, they are still far below 2011 levels. Series Title | Currency | Units | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | GDP (% real change pa) | | | 8.00 | 4.89 | 4.28 | 5.39 | 6.31 | 4.30 | Nominal GDP (US$ at PPP) | PPP | Bn | 800.19 | 856.59 | 909.31 | 972.63 | 1,049.00 | 1,106.00 | Real GDP (PPP US$ at 2005 prices) | PPP | bn | 1,140.00 | 1,196.00 | 1,247.00 | 1,314.00 | 1,397.00 | 1,457.00 | Real GDP (US$ at 2005 prices) | US$ | bn | 247.70 | 259.80 | 270.90 | 285.50 | 303.60 | 316.60 | Real private consumption (US$ at 2005 prices) | US$ | bn | 167.90 | 162.80 | 162.80 | 213.80 | 229.20 | 239.30 | Private consumption (% real change pa) | | | -5.20 | -3.09 | 0.03 | 31.30 | 7.20 | 4.40 | Real government consumption (US$ at 2005 prices) | US$ | bn | 22.10 | 23.10 | 22.70 | 23.00 | 23.80 | 25.20 | Government consumption (% real change pa) | | | -27.50 | 4.57 | -1.98 | 1.39 | 3.50 | 6.00 | Real gross fixed investment (US$ at 2005 prices) | US$ | bn | 43.90 | 40.50 | 41.80 | 44.50 | 46.30 | 48.10 | Gross fixed investment (% real change pa) | | | 51.60 | -7.65 | 2.79 | 6.54 | 6.00 | 4.00 | Real exports of G&S (US$ at 2005 prices) | US$ | bn | 64.20 | 80.70 | 77.80 | 42.20 | 42.70 | 42.50 | Exports of G&S (% real change pa) | | | -11.50 | 25.79 | -3.59 | -45.77 | 1.10 |

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