gptkbp:instanceOf
|
gptkb:business
|
gptkbp:central_bank
|
gptkb:Central_Bank_of_Nigeria
|
gptkbp:country
|
gptkb:Nigeria
|
gptkbp:currency
|
Nigerian naira
|
gptkbp:economic_bloc_membership
|
gptkb:African_Union
gptkb:OPEC
gptkb:ECOWAS
|
gptkbp:GDP_(nominal,_2023_est.)
|
$477 billion
|
gptkbp:GDP_per_capita_(2023_est.)
|
$2,200
|
https://www.w3.org/2000/01/rdf-schema#label
|
Nigerian economy
|
gptkbp:inflation_rate_(2023_est.)
|
over 20%
|
gptkbp:largest_sector_by_GDP
|
services
|
gptkbp:main_economic_challenge
|
corruption
inflation
unemployment
exchange rate volatility
dependence on oil
infrastructure deficit
|
gptkbp:main_trading_partner
|
gptkb:China
gptkb:India
gptkb:Netherlands
gptkb:United_Kingdom
gptkb:United_States
|
gptkbp:mainExports
|
gptkb:oil
rubber
cocoa
petroleum products
|
gptkbp:mainImports
|
machinery
pharmaceuticals
vehicles
foodstuffs
|
gptkbp:mainIndustry
|
agriculture
banking
manufacturing
oil and gas
telecommunications
|
gptkbp:majorCity
|
gptkb:Lagos
gptkb:Port_Harcourt
Abuja
|
gptkbp:notable_economic_reform
|
privatization of state enterprises
banking sector consolidation (2005)
foreign exchange liberalization
removal of fuel subsidy (2023)
|
gptkbp:poverty_rate_(2023_est.)
|
over 40%
|
gptkbp:second_largest_sector_by_GDP
|
gptkb:industry
|
gptkbp:stockExchange
|
gptkb:Nigerian_Exchange_Group
|
gptkbp:third_largest_sector_by_GDP
|
agriculture
|
gptkbp:unemploymentRate
|
4.2%
|
gptkbp:bfsParent
|
gptkb:Shell_Nigeria
|
gptkbp:bfsLayer
|
6
|