Informal Sector Accounts for 41.8% of Nominal GDP in 2015 - NBS

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Thursday, June 09, 2016 8:44AM /NBS

NBS publishes estimated split of formal and informal sector GDP for 2015. Informal sector accounted for 41.8% of nominal GDP in 2015.

Informal sector accounted for 92% of crop production GDP, 89% of livestock, 72% of forestry, 87% of fishery, 0% of crude petroleum & gas. Informal sector accounted for 52% of coal mining GDP, 76% of metal ores, 19% of quarrying and other minerals, 0% of oil refining.

Informal sector accounted for 0% of cement GDP, 4% of food and beverage, 27% of textiles, apparel and footwear, 46% of wood & wood products. Informal sector accounted for 14% of pulp paper and paper products, 10% of chemicals and pharmaceuticals, 1% of non-metallic products.

Informal sector accounted for 0.0% of plastic and rubber products, 0% of electrical and electronics, 32% of basic metal, iron& steel. Informal sector accounted for 0% of motor vehicles and assembly GDP, 37% of other manufacturing, 0% of electricity, gas and water supply.

Informal sector accounted for 11% of construction GDP, 55.7% of trade, 52% of accommodation and food services, 19% of road transport. Informal sector accounted for 0% of rail transport and pipelines GDP, 59% of water transport, 0% of air transport, 20% of transport services.

Informal sector accounted for 2% of post and courier services GDP, 0% of telecommunications and information services, 30% of publishing. Informal sector accounted for 97% motion picture/sound recording/music production, 0% of broadcasting,89% of arts entertainment & recreation.

Informal sector accounted for 0% of finance and insurance GDP, 64% real estate, 2% professional scientific and technical services. Informal sector accounted for 47% admin &support services GDP, 0% of public administration,2% of education, 17% Human health/social services.

Informal sector accounted for 48% of other services GDP. Total nominal GDP value of informal sector in 2015 was thus N38.7 trn of N94.1trn.




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