Vunderkind
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NIGERIA’S economy may have emerged the largest in Africa and the 26th biggest in the world, going by the rebasing of the nation’s Gross Domestic Product (GDP) data Sunday.
Under the rebasing exercise carried out by the National Bureau of Statistics (NBS), the forecast for the nominal GDP for the country in 2013 was put at $509.9 billion, up from $264 billion under the old rate in 2012.
South Africa, hitherto considered the biggest economy in Africa, has a GDP figure of $384.3 billion in 2012, while that of Egypt was put at $262 billion during the same period.
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Source: Nigerian Guardian
Under the rebasing exercise carried out by the National Bureau of Statistics (NBS), the forecast for the nominal GDP for the country in 2013 was put at $509.9 billion, up from $264 billion under the old rate in 2012.
South Africa, hitherto considered the biggest economy in Africa, has a GDP figure of $384.3 billion in 2012, while that of Egypt was put at $262 billion during the same period.
Click here to read more
Source: Nigerian Guardian
