Nigeria’s Economic Indicators in 2016


Friday, December 23, 2016 12:37 PM / Proshare Research

Latest economic data reveals how the economy fare in 2016.

Nigeria’s GDP figure which was at 2.11% in Q4’15 and is now currently at -2.26% as at Q3’16. Also, latest unemployment rate figure from the NBS shows it moved from 10.40% in Q4’15 to 13.95 in Q3’16.

However, the country’s foreign reserves which was at US$28.97bn at the beginning of 2016 currently stands at US$25.25bn. The reserve recorded some improvements of latest to bring the figure to its current position.

Below is a table on Nigeria’ economic indicators in 2016.

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