Nigeria Nigeria
Table 1.2.3: Major Economic Indicators: 1993 - 1997 > 1.2 > 1. > menu
| Indicators | 1993 |
1994 |
1995 |
1996 |
1997 |
| GDP at Market Prices (1984 = 100) | 697.1 |
914.9 |
1,977.7 |
2,356.6 |
3,127.9 |
| Real GDP Growth Rate (%) | 2.3 |
1.3 |
2.2 |
3.25 |
3.8 |
| Inflation Rate (%) | 57.2 |
57.0 |
72.8 |
29.3 |
8.5 |
| Population ('million) | 93.6 |
96.2 |
99 |
101.8 |
105.2 |
| Export (FOB, $ 'billion) | 9.91 |
9.46 |
10.64 |
15.36 |
15.2 |
| Import (FOB, $ 'billion) | 6.66 |
6.51 |
8.22 |
7.6 |
9.50 |
| External Reserve ($ 'billion) | 1,372 |
1,386 |
1,443 |
4,086 |
7,580.2 |
| Total External Debt ($ 'billion) | 30.70 |
33.52 |
35 |
28.0 |
27.08 |
| External Debt Stock/GDP | 16.4 |
17.2 |
16.4 |
80.5 |
70.7 |
| Crude Oil Production (mbd) | 1.91 |
1.9 |
1.93 |
2.04 |
2.06 |
| Index of Manufacturing Output (1985 = 100) | 145.5 |
144.2 |
136.3 |
138.0 |
138.4 |
| Average Exchange Rate (/$) | 22.07 |
22 |
85 |
80 |
76.0 |
[source:Derived from Nigeria's National Accounts by the Federal Office of Statistics (FOS)]