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Nigeria economic report (English)

The Nigerian Economic Report (NER) is a regular publication of the World Bank. Each edition of the NER includes a macroeconomic overview and gives special attention to an additional topic of high policy relevance. In addition to macroeconomic performance, this edition of the NER focuses on recent releases of new statistical information. First, newly re-based Gross Domestic Product figures indicate a larger, more diversified, and complex economy in Nigeria than was hitherto reported, with significant contributions to growth coming from manufacturing and some services not captured in previous data. Second, Chapter 2 provides an analysis of recent NBS GHS household survey data, which supports the hypothesis that the larger NBS HNLSS survey of 2009/2010 may have underestimated consumption.

Details

  • Document Date

    2014/07/01

  • Document Type

    Working Paper

  • Report Number

    89630

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Nigeria,

  • Region

    Africa,

  • Disclosure Date

    2014/07/23

  • Disclosure Status

    Disclosed

  • Doc Name

    Nigeria economic report

  • Keywords

    oil revenue;average level of consumption;balance of payment data;Oil and Gas Sector;average per capita consumption;growth in agriculture;Oil & Gas;household survey;increase in inequality;exchange rate stability;consumption per capita;portfolio investment flow;Poverty & Inequality;purchasing power parity;reduction of inflation;base interest rate;sovereign wealth fund;international labor organization;living standard survey;consumer price index;interest rate policy;share of trade;household survey data;household budget survey;high productivity jobs;Private Sector Growth;national income distribution;agricultural growth rate;low poverty rate;quality and quantity;source of revenue;national poverty line;value added tax;difference in methodology;high poverty rate;per capita term;official poverty rate;electricity and gas;government budget deficit;sectoral growth rate;growth in trade;high oil revenue;federal budget deficit;capital budget expenditures;errors and omission;release of fund;official exchange rate;oil sector;rural area;Real estate;Oil Export;foreign reserve;Exchange Rates;post harvest;Job Creation;oil price;benchmark price;export data;Fuel Subsidies;Macroeconomic Policy;oil output;budgetary performance;food industry;average consumption;annual consumption;capital spending;security challenge;budgetary revenue;capital flow;entertainment industry;panel data;poverty headcount;severe flood;national strike;banking crisis;sovereign debt;active labor;Population Growth;higher growth;oil production;urban growth;portfolio inflow;inequality index;poverty severity;food price;poverty increase;upward pressure;swap agreement;adult equivalent;commercial credit;national population;market price;credit expansion;macroeconomic performance;real rate;statistical information;fiscal plan;hard currency;gas reserve;international standard;primary source;government revenue;poverty trend;macroeconomic uncertainty;Public Services;net change;smaller share;informal sector;banking sector;housing service;capital allocation;subnational levels;work force;unemployment rate;unemployment increase;official estimates;fiscal loosening;distribution center;price deflator;inequality measure;standard deviation;seasonal variation;capital account;monetary policy;children's needs;annual budget;middle class;Macroeconomic Stability;policy relevance;fundamental changes;health survey;decreasing yield;national account;export performance;put pressure;welfare improvement;assessed risk;sectoral distribution;account data;national payments;commercial bank;fiscal prudence;Oil Contracts;customs datum;trade account;payment position;base year;fiscal adjustment;regulatory environment;dollar value;rubber products;high share;motion picture;high transportation;debt stabilization;investor confidence;Macroeconomic Management;debt position;negative shock;commodity price;primary balance;consumption datum;monthly consumption;short-term capital;regulatory uncertainty;prudent fiscal;regulatory condition;electricity production;security concern;polarized societies;trade datum;urban phenomenon;photo credit;money demand;external reserve;draft form;national budget;income inequality;capital expenditure;qualified candidates;budget tightening;inequality indicator;consumption growth;Manufacturing;

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Citation

Nigeria economic report (English). Nigeria economic report ; no. 2 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/337181468100145688/Nigeria-economic-report