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Country Forecast Nigeria 4th Quarter 2023 Updater
Country Forecast. Nigeria, 2023
2023 The Economist Intelligence Unit Ltd. All rights reserved. Reproduced with permission of the copyright owner. No further reproduction is permitted. ;ISSN: 0966-887X ;EISSN: 2048-9528
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Title:
Country Forecast Nigeria 4th Quarter 2023 Updater
Subjects:
Budget deficits
;
Buhari, Muhammadu
;
Central banks
;
Cost control
;
Cost of living
;
Deficit financing
;
Economic reform
;
Election results
;
Foreign exchange rates
;
Gasoline
;
GDP
;
Gross Domestic Product
;
Inflation
;
Infrastructure
;
International trade
;
Labor market
;
Labor unions
;
Macroeconomics
;
Monetary policy
;
Petroleum industry
;
Politics
;
Presidential elections
;
Prices
;
Purchasing power parity
;
Subsidies
;
Tax reform
;
VAT
Is Part Of:
Country Forecast. Nigeria, 2023
Description:
On the exchange rate, the Central Bank of Nigeria has already reverted to keeping tight control over the official market-and is expected to keep doing so-to limit inflation and assist monetary policy. Key indicators Key indicators 2023 2024 2025 2026 2027 2028 Real GDP growth (%) 2.2 2.6 4.0 3.4 3.2 3.1 Consumer price inflation (av; %) 25.1 23.6 17.1 11.7 12.2 11.8 Budget balance (% of GDP) -5.3 -5.0 -4.6 -4.7 -4.7 -4.8 Current-account balance (% of GDP) 2.1 2.9 3.0 2.0 0.6 0.1 Commercial banks' prime rate (av; %) 20.0 24.0 15.7 13.0 12.5 12.0 Exchange rate N: [...]its global and regional rankings both fall. Fact sheet Annual data 2022a Historical averages (%) 2018-22 Population (m) 218.5 Population growth 2.5 GDP (US$ bn; market exchange rate) 478.0 Real GDP growth 1.8 GDP (US$ bn; purchasing power parity) 1,280.7 Real domestic demand growth 4.1 GDP per head (US$; market exchange rate) 2,187 Inflation 14.5 GDP per head (US$; purchasing power parity) 5,860 Current-account balance (% of GDP) -0.3 Exchange rate (av) N:
Publisher:
New York: The Economist Intelligence Unit N.A., Incorporated
Language:
English
Identifier:
ISSN: 0966-887X
EISSN: 2048-9528
Source:
ProQuest Central
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