Definition:GDP per person employed is gross domestic product (GDP) divided by total employment in the economy. Purchasing power parity (PPP) GDP is GDP converted to 2011 constant international dollars using PPP rates. An international dollar has the same purchasing power over GDP that a U.S. ...
The main drivers are GDP per capita and consumer spending per capita. Additional Notes: The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. Key Market Indicators ...
Shell Nigeria (oil, gas) In macroeconomic terms, Nigeria’s total exported goods represent 4.4% of its overall Gross Domestic Product for 2023 ($1.364 trillion valued in Purchasing Power Parity US dollars). That 4.4% for exports to overall GDP per PPP in 2023 compares to 4.9% for 2022. Th...
The country has one of the highest GDP-per-capita in the world, making it person-for-person one of the richest countries on earth.2 Singapore sounds like a prime market for exporters like you, but do the numbers agree? Let’s take a look. 1% GDP growth in 2023 Singapore’s gros...
The total fertility rate in Nigeria decreased by 0.1 children per woman (-1.91 percent) compared to the previous year. In 2022, the fertility rate thereby reached its lowest value in recent years. The total fertility rate is the average number of children that a woman of childbearing age (ge...
This is equivalent to 207.98 billion Nigerian naira and represents 6.93% of annual livestock GDP in the country. This could increase to 85% in the next 50 years if there are no proper control interventions. Control efforts could reduce the losses to US$ 16.7 million at the rate of 0.2% ...
The World Health Organisation says that a minimum of 10% of a country’s GDP should be spent on health. However, over the years, the federal and state governments have been horrible at funding this sector. Lagos State perhaps spent 3% on health in the last few years, but out of that,...
By 2010 the real GDP growth rate was estimated at 7.9 percent (Central Bank of Nigeria, 2011). Before the advent of the civilian administration in 1999, Nigeria had a large public sector, comprised of more than 550 public enterprises in most sectors of the economy. The democratically- ...
And I just went down the list of top GDP per capita countries. I studied economics, so it was like gross domestic product divided by the number of people. So you’re just seeing how much money people have in each country. And I was going all the way down to Malaysia and Indonesia, ...
subscriptions per 100 inhabitants: less than 1 (2018 est.) country comparison to the world: 126 Military and Security :: Nigeria Military expenditures: This entry gives spending on defense programs for the most recent year available as a percent of gross domestic product (GDP); the GDP is cal...