Nigeria has a West African economy with a
long coastline along the Atlantic Ocean. The country is located next to the
countries Benin, Chad, Cameroon and Niger. Nigeria has an average area and so
this country ranks 32 in the world in terms of total area. Their live about 154
million people in Nigeria and almost 70% of them live below international
poverty line.
According to the UN classification, one of
the most developed economies in Africa, is the economy of Nigeria. It has a
middle-income nation with developed sectors such as financial, communication
and transport sectors. It has the second largest stock exchange in Africa.
The most important sector for the economy
in Nigeria, is the petroleum sector. It is the 12th largest producer
of petroleum products in the world. 80% of the industry accounts for the GDP
share and more than 90% of the total exports. Besides the petroleum sector, the
economy of Nigeria have a lacks basic infrastructure.
Here are some facts and figures ...
Composition by sector
- Agriculture: 30.9%
- Industry: 43%
- Services: 26% (2012)
Unemployment
rate
- 23.9% (2011 est.)
Inflation
rate (consumer prices)
- 12.1% (2012)
Agriculture - products
- Cocoa
- Cassava (tapioca)
- Yams
- Rubber
- Cattle
- Sheep, Goat, Pigs, Timber, Fish
- Peanuts
- Cotton
- Palm oil
- Corn, Rice
- Sorghum
- Millet
Industries
- Crude oil, coal, tin, columbite
- Rubber products, wood
- Hides and skins
- Textiles
- Cement and other construction materials
- Food products
- Footwear
- Chemicals
- Fertilizer
- Printing
- Ceramics
- Steel
Exports
- $97.46 billion (2012)
Imports
- $70.58 billion (2012)
Sources:
http://www.indexmundi.com/nigeria/economy_profile.html
Deze reactie is verwijderd door de auteur.
BeantwoordenVerwijderenIndeed, it's true that Nigeria is one of the most developed economies in Africa. I searched more about the economy of Nigeria on the internet and I read that this country is very important to Africa because of its size and human and material resources. Nigeria is in the top 3 of the largest economies in Africa. Not bad,I think.
BeantwoordenVerwijderen- http://www.aneki.com/countries2.php?t=Largest_Economies_in_Africa&table=fb126&places=2&unit=*&order=desc&dependency=independent&number=5&cntdn=n&r=-201-202-203-204-205-206-207-208-209-210-211-212-116-214-215-216-217-218-219-220&c=africa&measures=Country--GDP&units=*--$*&decimals=*--*
- http://www.bbc.co.uk/blogs/africahaveyoursay/2010/06/how-important-is-nigeria-to-af.shtml
I'm surprised that the economy of Nigeria is that good. Although there appear poverty in the whole country. So I thought they don't produce or export anything. BUT it's perfect and positive that they have some revenues of the petroleum sector.
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