Posted by InvestAdvocate on April 30, 2020
April 30, 2020/NBS
In the second quarter of 2019, Nigeria’s real GDP at basic prices grew by 2.12% on a year on year basis. Growth accelerated further in the third and fourth quarters by 2.28% and 2.55%.
The steady increase in quarterly growth resulted in an annual growth rate of 2.27% for 2019, compared to 1.91% in 2018 on a year on year basis. Compared to the second quarter of 2018, the performance in 2019 indicated an increase of 0.61% points while the third and fourth quarters were 0.47% pointsand 0.17% points higher, respectively, than the corresponding quarters of 2018 .
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