Nigeria
General information
Capital: Abuja
Currency unit: Naira
Area: 923,770 km²
Total population: 232,679,000
GDP (millions of US dollars): 252,262
GDP per capita, PPP (current international US dollars): 9,087
Production
Agriculture (% of GDP): 26.5 %
Manufacture (% of GDP): 8.9 %
Industry excluding manufacture (% of GDP): 9.8 %
Services (% of GDP): 54.9 %
Trade
Total exports (millions of US dollars): 57,536
Total imports (millions of US dollars): 57,730
Main exported goods (% of total exports):
Petroleum oils, oils from bitumin. materials, crude (63.5 %)
Natural gas, whether or not liquefied (10.5 %)
Petroleum gases, other gaseous hydrocarbons (5.8 %)
Petroleum oils or bituminous minerals (5.0 %)
Cocoa (3.8 %)
Price competitiveness
This section brings together various indicators related to the price dimension of countries’ competitiveness. These indicators include both measures of external price competitiveness (the price ratio between domestic and foreign goods in international markets) and internal price competitiveness (the price ratio between tradable and non-tradable domestic goods). All these indices are calculated for each country relative to a base year and constructed such that an increase in the index corresponds to a decline in the country’s price competitiveness.
| Nigeria | ||
|---|---|---|
| Price competitiveness | - | |
| Nominal Effective Exchange Rate Nigeria: 16 | 16 | |
| Real Effective Exchange Rate Nigeria: 49 | 49 | |
| Internal Real Exchange Rate Nigeria: 52 | 52 |