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 %)

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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: -

Breakdown by component

	Nigeria
Price competitiveness	-
Nominal Effective Exchange Rate Nigeria: 16	16
Real Effective Exchange Rate Nigeria: 49	49
Internal Real Exchange Rate Nigeria: 52	52

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Revealed Competitiveness

This section brings together measures of countries’ revealed competitiveness in international markets, that is, their ability to export to those markets. These measures of export competitiveness are therefore the result of the price and non-price competitiveness factors presented in the sections “National Attractiveness and Sustainability” and “Price Competitiveness.” They are defined on a scale ranging from 0 to 10,000, with a higher value indicating greater export competitiveness in international markets.