Nigeria Economic Report, No. 2, July 2014

The Nigerian Economic Report (NER) is a regular publication of the World Bank. Each edition of the NER includes a macroeconomic overview and gives special attention to an additional topic of high policy relevance. In addition to macroeconomic performance, this edition of the NER focuses on recent releases of new statistical information. First, newly re-based Gross Domestic Product figures indicate a larger, more diversified, and complex economy in Nigeria than was hitherto reported, with significant contributions to growth coming from manufacturing and some services not captured in previous data. Second, Chapter 2 provides an analysis of recent NBS GHS household survey data, which supports the hypothesis that the larger NBS HNLSS survey of 2009/2010 may have underestimated consumption.

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Bibliographic Details
Main Author: World Bank
Language:English
en_US
Published: Washington, DC 2014-07
Subjects:ACCOUNTANT, AGRICULTURAL GROWTH, AGRICULTURAL PRODUCTIVITY, AGRICULTURE, ANNUAL GROWTH, AUCTIONS, AVERAGE LEVEL, BALANCE OF PAYMENTS, BANKING CRISIS, BANKING SECTOR, BASE YEAR, BASIC EDUCATION, BENCHMARK, CAPITAL ACCOUNT, CAPITAL ALLOCATIONS, CAPITAL FLOWS, CENTRAL BANK, CENTRAL REGION, COMMERCIAL BANKS, COMMERCIAL CREDIT, COMMODITY PRICES, CONSUMER PRICE INDEX, CONSUMPTION DATA, CONSUMPTION GROWTH, CONSUMPTION PER CAPITA, CREDIT EXPANSION, CURRENCY, DEBT SERVICE, DEFLATORS, DEVELOPED COUNTRIES, DEVELOPING COUNTRIES, DOMESTIC BORROWING, DOMESTIC MARKET, ECONOMIC GROWTH, ECONOMIC OUTLOOK, ECONOMICS, EXCHANGE RATE, EXCHANGE RATES, EXPENDITURE, EXPORT PERFORMANCE, EXPORTERS, EXPORTS, EXTERNAL DEBT, FEDERAL BUDGET, FEDERAL BUDGET DEFICIT, FISCAL POLICY, FOOD INDUSTRY, FOOD PRICE, FOOD PRICES, FOREIGN INVESTMENT, GDP, GDP PER CAPITA, GINI INDEX, GOVERNMENT BUDGET, GOVERNMENT BUDGET DEFICITS, GOVERNMENT BUDGETS, GOVERNMENT DEBT, GOVERNMENT EXPENDITURES, GOVERNMENT REVENUES, GROSS DOMESTIC PRODUCT, GROSS NATIONAL PRODUCT, GROWTH RATE, GROWTH RATES, HIGH POVERTY, HOUSEHOLD BUDGET, HOUSEHOLD SURVEY, HOUSEHOLD SURVEYS, HOUSING, IMMUNIZATION, IMPACT ON POVERTY, IMPACT ON POVERTY REDUCTION, INCOME, INCOME DISTRIBUTION, INCOME GROUPS, INCOME INEQUALITY, INCREASING INEQUALITY, INEQUALITY, INEQUALITY MEASURES, INFLATION, INFLATION RATE, INSURANCE, INTEREST RATE, INTEREST RATE POLICY, INTEREST RATES, INTERNATIONAL MARKET, INTERNATIONAL STANDARDS, INVESTING, INVESTMENT FLOWS, INVESTOR CONFIDENCE, LABOR FORCE, LABOR MARKET, LIVING STANDARDS, MACRO-REGION, MACROECONOMIC MANAGEMENT, MACROECONOMIC PERFORMANCE, MACROECONOMIC POLICY, MACROECONOMIC RISK, MACROECONOMIC RISKS, MACROECONOMIC STABILITY, MACROECONOMIC UNCERTAINTY, MARKET PRICE, MEDIUM TERM, MONETARY FUND, MONETARY POLICIES, MONETARY POLICY, NATIONAL ACCOUNTS, NATIONAL INCOME, NATIONAL POVERTY, NATIONAL POVERTY LINE, NATIONAL POVERTY RATE, NEGATIVE SHOCK, OIL PRICES, OUTPUT GROWTH, PENSION, PER CAPITA CONSUMPTION, POLICY STANCE, POOR, POOR PEOPLE, PORTFOLIO, PORTFOLIO CAPITAL, PORTFOLIO INFLOWS, PORTFOLIO INVESTMENT, POVERTY GAP, POVERTY LINE, POVERTY RATES, POVERTY REDUCTION, POVERTY SEVERITY, POVERTY UPDATE, PUBLIC SECTOR, PURCHASING POWER, RAPID GROWTH, RECURRENT EXPENDITURE, RECURRENT EXPENDITURES, REGIONAL LEVEL, RESERVE, RESERVES, RETURN, RURAL, RURAL AREAS, RURAL POPULATIONS, RURAL POVERTY, RURAL POVERTY REDUCTION, SHORT-TERM CAPITAL, SOVEREIGN DEBT, STANDARD DEVIATION, SWAP, TAX, TELECOMMUNICATIONS, UNEMPLOYMENT, UNEMPLOYMENT RATE, URBAN AREAS, URBAN GROWTH, VALUE ADDED, WARRANTS, WEALTH, WELFARE IMPROVEMENTS,
Online Access:http://documents.worldbank.org/curated/en/2014/07/19883231/nigeria-economic-report-no-2
https://hdl.handle.net/10986/19980
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Summary:The Nigerian Economic Report (NER) is a regular publication of the World Bank. Each edition of the NER includes a macroeconomic overview and gives special attention to an additional topic of high policy relevance. In addition to macroeconomic performance, this edition of the NER focuses on recent releases of new statistical information. First, newly re-based Gross Domestic Product figures indicate a larger, more diversified, and complex economy in Nigeria than was hitherto reported, with significant contributions to growth coming from manufacturing and some services not captured in previous data. Second, Chapter 2 provides an analysis of recent NBS GHS household survey data, which supports the hypothesis that the larger NBS HNLSS survey of 2009/2010 may have underestimated consumption.