!-- Javascript Ad Tag: 6454 -->

Monday, April 7, 2014

Nigeria become the largest economy in Africa

 Nigeria become the largest economy in Africa

Nigeria became a country with gross domestic product ( GDP ), the largest in Africa , overtaking South Africa .

This occurs because the GDP leap Nigeria recalculate their GDP to include industries that were previously not recorded , such as telecommunications , information technology , Internet-based sales , cost , and production of the film ..

In 2013 , GDP registered 80.3 trillion Nigerian naira , or about U.S. $ 509.9 billion .

This figure is much higher when compared to South Africa 's GDP reached U.S. $ 370.3 billion in the same period .

However , some economists said the achievement of the Nigerian economy is still less than the maximum given the fact that the country has a population of 170 million , three times greater than the number of South Africans .

In a matter of income per capita , GDP South Africa three times bigger than Nigeria .

"No impact "
Financial Analyst , Bismarck Rewane , said the revised GDP calculations are performed Nigeria is " a conceit " .

He added : " ( Fate ) Nigerians did not improve in the future with the announcement . 's Not make more money in the bank entrance ( or ) more food into the stomach . This does not change anything . "

Nigeria believes that the revisions to the GDP statistics can provide a clearer picture about their economy .

Each country generally make revisions to their GDP calculation method once every three years . However , Nigeria 's GDP never update Monday since 1990.
GDP figures represent the amount of production of goods or services and become the main yardstick of a country's economy .

Nigeria with Mexico , click Indonesia, and Turkey - Click abbreviated MINT - categorized as countries that have the potential to become a world economic giant in the future .BBC

No comments:

Post a Comment