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How Nigeria Became the No. XNUMX Economy in Africa

Thanks to a change in the statistical method, Nigeria is on paper the largest economy on the African continent – ​​The gross domestic product of the country in 2013 is currently equal to 510 billion dollars, against 264 billion in 2012

How Nigeria Became the No. XNUMX Economy in Africa

Nigeria has become the first economy on the African continent, thanks to a change in the statistical method. Including the sectors of activity that are not recorded in the old base year (1990), the country's gross domestic product in 2013 is currently equal to 510 billion dollars, compared to 264 billion in 2012, with the previous calculation method.

Nigeria had not changed its method of calculation for more than twenty years. A method, the previous one, which did not consider the presence of new industries in particular those of telecommunications and the local film industry, Nollywood, which emerged in the 2000s.

The energy resources sector, gas and oil (of which the country is the largest exporter on the continent), sees its share of GDP reduced by half.

But, despite the new method of calculation, Nigeria still lags behind South Africa in terms of wealth per capita, infrastructure and governance. 


Attachments: Le Monde. Comment le Nigeria est devenu la � premi�re �conomie � d'Afrique

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