Nigeria at a glance

POVERTY and SOCIAL Nigeria 2011 Population, mid-year (millions) GNI per capita (Atlas method, US$) GNI (Atlas method, US$ billions) Average annual growth, 2005-11 Population (%) Labor force (%) Most recent estimate (latest year available, 2005-11) Poverty (% of population below national poverty line) Urban population (% of total population) Life expectancy at birth (years) Infant mortality (per 1,000 live births) Child malnutrition (% of children under 5) Access to an improved water source (% of population) Literacy (% of population age 15+) Gross primary enrollment (% of school-age population) Male Female KEY ECONOMIC RATIOS and LONG-TERM TRENDS 1991 GDP (US$ billions) Gross capital formation/GDP Exports of goods and services/GDP Gross domestic savings/GDP Gross national savings/GDP Current account balance/GDP Interest payments/GDP Total debt/GDP Total debt service/exports Present value of debt/GDP Present value of debt/exports 1991-01 (average annual growth) GDP GDP per capita Exports of goods and services 2.5 0.1 .. 27.3 .. 37.2 .. 91.2 -3.6 7.6 122.8 23.4 .. .. 2001-11 7.0 4.3 .. 2001 48.0 .. 43.0 .. 94.6 4.2 1.8 65.1 12.3 .. .. 2010 8.0 5.3 .. 2010 228.6 .. 35.2 .. 100.6 5.9 0.0 4.5 0.4 .. .. 2011 7.4 4.7 .. 2011 244.0 .. 39.6 .. 99.6 3.6 0.1 5.4 0.4 3.2 8.0 2011-15 .. .. ..
Nigeria

3/17/13

SubSaharan Africa 875 1,258 1,101

Lowermiddleincome 2,533 1,772 4,488

Development diamond*

162.5 1,280 207.3

Life expectancy

2.5 2.8

2.5 2.8

1.6 1.3

GNI per capita

Gross primary enrollment

.. 50 52 78 27 58 61 83 87 79

.. 36 55 69 21 61 63 100 103 96

.. 39 66 46 24 87 71 104 106 102

Access to improved water source

Nigeria Lower-middle-income group

Economic ratios*

Trade

Domestic savings

Capital

Indebtedness

Lower-middle-income group

STRUCTURE of the ECONOMY 1991 (% of GDP) Agriculture Industry Manufacturing Services Household final consumption expenditure General gov't final consumption expenditure Imports of goods and services .. .. .. .. .. .. 31.3 1991-01 (average annual growth) Agriculture Industry Manufacturing Services Household final consumption expenditure General gov't final consumption expenditure Gross capital formation Imports of goods and services .. .. .. .. .. .. .. .. 2001 .. .. .. .. .. .. 32.3 2001-11 7.0 3.8 .. 14.4 .. .. .. .. 2010 .. .. .. .. .. .. 29.9 2010 .. .. .. .. .. .. .. .. 2011 .. .. .. .. .. .. 35.6 2011 .. .. .. .. .. .. .. ..
Growth of capital and GDP (%)
10 8 6 4 2 0 06 07 08 09 10 11

GCF

GDP

Note: 2011 data are preliminary estimates. This table was produced from the Development Economics LDB database. * The diamonds show four key indicators in the country (in bold) compared with its income-group average. If data are missing, the diamond will be incomplete.

Nigeria
PRICES and GOVERNMENT FINANCE 1991 Domestic prices (% change) Consumer prices Implicit GDP deflator Government finance (% of GDP, includes current grants) Current revenue Current budget balance Overall surplus/deficit TRADE 1991 (US$ millions) Total exports (fob) Fuel Liquified natural gas Manufactures Total imports (cif) Food Fuel and energy Capital goods Export price index (2000=100) Import price index (2000=100) Terms of trade (2000=100) BALANCE of PAYMENTS 1991 (US$ millions) Exports of goods and services Imports of goods and services Resource balance Net income Net current transfers Current account balance Financing items (net) Changes in net reserves Memo: Reserves including gold (US$ millions) Conversion rate (DEC, local/US$) EXTERNAL DEBT and RESOURCE FLOWS 1991 (US$ millions) Total debt outstanding and disbursed IBRD IDA Total debt service IBRD IDA Composition of net resource flows Official grants Official creditors Private creditors Foreign direct investment (net inflows) Portfolio equity (net inflows) World Bank program Commitments Disbursements Principal repayments Net flows Interest payments Net transfers 33,527 3,297 59 2,945 586 1 131 44 -119 712 0 566 255 276 -21 312 -333 2001 31,259 1,337 621 2,566 286 12 98 -1,465 -184 1,191 0 405 27 215 -188 84 -271 2010 10,389 43 3,662 359 73 48 827 842 -33 6,049 2,161 695 1,000 95 905 25 879 2011 13,108 7 4,201 418 37 107 .. 802 971 8,842 2,571 420 682 114 567 30 538
G: 4,139

2001

2010

2011

Inflation (%)
30 20 10 0 06 -10 07 08 09 10 11

13.0 20.2

18.9 10.7

13.7 26.8

10.8 2.3

.. .. ..

42.1 7.5 -3.3

20.0 0.0 -6.7

27.1 0.0 -0.2

GDP deflator

CPI

2001 19,598 18,031 896 88 11,711 1,540 2,398 .. 87 95 91

2010 77,373 .. .. .. 46,760 .. .. .. .. .. ..

2011 93,267 .. .. .. 62,161 .. .. .. .. .. ..

Export and import levels (US$ mill.)

100,000 80,000 60,000 40,000 20,000 0 05 06 07 08 09 10 11

12,127 11,665 .. 85 8,736 760 44 .. 75 102 73

Exports

Imports

2001 20,664 15,818 4,846 -4,095 1,278 2,029 -1,006 -1,023 .. 111.2

2010 80,490 68,350 12,140 -19,675 20,955 13,420 -23,455 10,035 .. 150.3

2011 96,682 86,937 9,744 -22,972 21,989 8,761 -8,161 -600 .. 154.7

Current account balance to GDP (%)

30 25 20 15 10

12,324 10,376 1,948 -2,978 50 -980 1,267 -287 .. 12.0

5 0 05 06 07 08 09 10 11

Composition of 2011 debt (US$ mill.)

A: 7

B: 4,201

F: 1,063 E: 535 C: 2,572 D: 591

A - IBRD B - IDA C - IMF

D - Other multilateral

E - Bilateral F - Private G - Short-term

Note: This table was produced from the Development Economics LDB database.

3/17/13