| |
2003 |
2004 |
2005 |
2006 |
2007 |
Rank |
| Population (million) |
131 |
128 |
129 |
132 |
135 |
i |
| Economic organizations |
ACP; GECF; IMF; OPEC; WTO |
|
|
| National currency (NC) |
Naira |
|
|
|
|
|
| Exchange rate (NC in €) |
0.0068 |
0.0060 |
0.0061 |
0.0063 |
0.0059 |
|
| Exchange rate (NC in US$) |
0.0077 |
0.0075 |
0.0075 |
0.0079 |
0.0080 |
|
| Inflation rate |
n.a. |
n.a. |
n.a. |
8.3% |
5.6% |
i |
| GDP |
|
|
|
|
|
|
| GDP (billion US$) |
68 |
88 |
112 |
145 |
173 |
i |
| GDP (per capita in US$) |
516 |
686 |
870 |
1102 |
1283 |
i |
| GDP growth rate |
10.3% |
10.6% |
5.4% |
6.2% |
5.0% |
i |
| GDP (composition by sector): |
|
|
|
|
|
|
| Agriculture |
43% |
34% |
33% |
32% |
33% |
|
| Industry |
37% |
42% |
43% |
24% |
42% |
|
| Services |
20% |
24% |
24% |
44% |
25% |
|
| GDP (by type of expenditure): |
|
|
|
|
|
|
| Household consumption |
81% |
69% |
69% |
66% |
62% |
|
| Government consumption |
5% |
7% |
7% |
7% |
9% |
|
| Gross fixed capital formation |
10% |
7% |
5% |
8% |
9% |
|
| Trade: |
|
|
|
|
|
|
| Export (billion US$) |
24.1 |
n.a. |
n.a. |
59.2 |
n.a. |
i |
| Import (billion US$) |
14.9 |
n.a. |
n.a. |
22.9 |
n.a. |
i |
| Public debt (billion US$) |
n.a. |
18 |
13 |
15 |
25 |
i |
| Public debt (share of GDP) |
n.a. |
20% |
11% |
10% |
14% |
i |
| Unemployment rate |
|
|
|
|
10.0% |
i |
| Average working hours (per year) |
n.a. |
n.a. |
n.a. |
n.a. |
n.a. |
|
| Energy (billion KWh): |
|
|
|
|
|
|
| Electricity production |
16 |
n.a. |
n.a. |
22 |
n.a. |
i |
| Electricity consumption |
14 |
n.a. |
n.a. |
16 |
n.a. |
i |
| Crude oil and natural gas: |
|
|
|
|
|
|
| Natural gas reserves (billion m³) |
n.a. |
n.a. |
4502 |
n.a. |
5210 |
i |
| Natural gas production (billion m³) |
19.2 |
n.a. |
22.4 |
28.4 |
34.10 |
i |
| Natural gas consumption (billion m³) |
7.41 |
n.a. |
n.a. |
n.a. |
12.9 |
i |
| Crude oil reserves (billion barrel) |
n.a. |
n.a. |
36 |
n.a. |
36.2 |
i |
| Crude oil production (bpd) |
n.a. |
2500000 |
2451000 |
2470000 |
2352000 |
i |
| Crude oil consumption (bpd) |
310000 |
n.a. |
n.a. |
n.a. |
312000 |
i |
| Raw materials: |
|
|
|
|
|
|
| Mineral resources |
lead; natural gas; crude oil; iron ore; limestone; coal; niobium; zinc; tin |
|
| Agricultural resources |
peanuts; beef; sheep; goat; pork; fish; sorghum; timber; cocoa; corn; manioc; palm oil; rice; sweet potato |
|
| Organic and inorganic chemicals: |
|
|
|
|
|
|
| Export (billion US$) |
0.003 |
n.a. |
n.a. |
0.003 |
n.a. |
i |
| Import (billion US$) |
0.352 |
n.a. |
n.a. |
0.658 |
n.a. |
i |
| Plastic and rubber: |
|
|
|
|
|
|
| Export (billion US$) |
0.02 |
n.a. |
n.a. |
0.03 |
n.a. |
i |
| Import (billion US$) |
0.78 |
n.a. |
n.a. |
1.81 |
n.a. |
i |
| |
|
|
