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Nigeria GDP Growth Rate YoY
Nigeria is Africa's largest economy. The services sector is the most important sector of the economy, accounting for around 50% of total GDP. A component of the services industry that is experiencing rapid growth in Information and Communication, which combined account for around 10% of total output. Agriculture, which was previously the most important sector, currently accounts for approximately 23% of GDP. Crude petroleum and natural gas account for just 11% of overall GDP, despite the fact that they are the primary exports. The remaining 16% of GDP is accounted for by the industry and construction.
A higher than expected figure should be seen as positive (bullish) for the NGN while a lower than expected figure should be seen as negative (bearish) for the NGN.
