| GDP : |
purchasing power parity - $114.8 billion (2003 est.) |
| GDP - Real Growth Rate : |
7.1% (2003 est.) |
| GDP - Per Capita : |
purchasing power parity - $900 (2003 est.) |
| GDP - Composition By Sector : |
agriculture: 30.8%
industry: 43.8%
services: 25.4% (2003 est.) |
| Population Below Poverty Line : |
60% (2000 est.) |
| Household Income or Consumption by Percentage : |
lowest 10%: 1.6%
highest 10%: 40.8% (1996-97) |
| Inflation Rate (Consumer Prices) : |
13.8% (2003 est.) |
| Labor Force : |
54.36 million (2003 est.) |
| Labor Force - By Occupation : |
agriculture 70%, industry 10%, services 20% (1999 est.) |
| Budget : |
revenues: $8.026 billion
expenditures: $11.09 billion, including capital expenditures of NA (2003 est.) |
| Industries : |
crude oil, coal, tin, columbite, palm oil, peanuts, cotton, rubber, wood, hides and skins, textiles, cement and other construction materials, food products, footwear, chemicals, fertilizer, printing, ceramics, steel |
| Industrial Production Growth Rate : |
2.3% (2003 est.) |
| Electricity - Production : |
15.67 billion kWh (2001) |
| Electricity - Production by Source : |
fossil fuel: 61.9%
hydro: 38.1%
nuclear: 0%
other: 0% (2001) |
| Electricity - Consumption : |
14.55 billion kWh (2001) |
| Electricity - Exports : |
20 million kWh (2001) |
| Agriculture - Products : |
cocoa, peanuts, palm oil, corn, rice, sorghum, millet, cassava (tapioca), yams, rubber; cattle, sheep, goats, pigs; timber; fish |
| Exports : |
$21.8 billion f.o.b. (2003 est.) |
| Exports - Commodities : |
petroleum and petroleum products 95%, cocoa, rubber |
| Exports - Partners : |
US 41.4%, Spain 8.6%, Brazil 5.5%, France 5.2%, India 4.1% (2003 est.) |
| Imports : |
$14.54 billion f.o.b. (2003 est.) |
| Imports - Commodities : |
machinery, chemicals, transport equipment, manufactured goods, food and live animals |
| Imports - Partners : |
China 13.4%, UK 9.2%, France 7.9%, US 7.7%, Netherlands 6.4%, South Korea 5.7%, Italy 5.6%, Germany 5.4%, Brazil 4.5% (2003 est.) |
| Debt - External : |
$31.07 billion (2003 est.) |
| Economic Aid - Recipient : |
IMF $250 million (1998) |
| Currency : |
naira (NGN) |
| Currency Code : |
NGN |
| Exchange Rates : |
nairas per US dollar - 129.222 (2003), 120.578 (2002), 111.231 (2001), 101.697 (2000), 92.3381 (1999) |
| Fiscal Year : |
Calendar Year |
