Nigeria’s Economic Indicators in 2017


Wednesday, December 27, 2017 /8:30AM / Proshare Research

Up-to-the-minute economic data reveals how the economy has fared in 2017. It is pertinent to say that the performance of the economy has been very impressive during the year as the economy exited recession in Q2 2017 after five consecutive quarters of contraction while inflation has also dropped consistently from 18.75% in January 2017 to 15.90% in November 2017, making it the tenth consecutive slowdown in headline inflation rate. 

Nigeria’s GDP figure which was at -1.73% in Q4’16 and is now currently at 1.40% as at Q3’17. Also, latest unemployment rate figure from the NBS shows it moved from 14.2% in Q4’16 to 18.8% in Q3’17.

However, the country’s foreign reserves which was at US$25.84bn at the beginning of 2017 currently stands at US$37.35bn. The reserve recorded some improvements of latest to bring the figure to its current position.

Below is a table on Nigeria’ economic indicators in 2017

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News

2. Foreign Portfolio Participation in Equity Trading in 2017
3.  Oil and Gas Sector – SEPLAT, ETERNA Top Gainers as FO Records -47.19% YTD Return
4.  Consumer Goods Sector – GUINNESS Records Over 3,000 PE Ratio
5.  Financial Services Sector – GUARANTY Records 40.52% PAT Margin as NESF Tops on EPS
6.  NSE ASI Performance Review and How Key Sectors Fared in 2017
7.  47 Financial Services Sector Stocks Are Penny Stocks in 2017
8.  Movers and Shakers in 2017 - DANGCEM, GUARANTY Record Growth in MKT CAP as FO, MOBIL Lead Otherwise
9. DANGSUGAR, MAYBAKER and INTBREW Among Best Performing Stocks in 2017
10. Top Five Gainers and Losers on NSE in 2016
11.   Movers and Shakers in 2016 -GUARANTY, SEPLAT Record Growth in Market CAP as FO, WAPCO Lead Otherwise
12.  NSE ASI Performance Review and How Key Sectors Fared in 2016
13.  Stocks You Shouldn’t Touch – 62 Stocks Record No Price Movement in 2016
14.  Foreign Portfolio Participation in Equity Trading Drops in 2016
15.   Market Movements in 2016 - Forex Reserves Drops by 12.87%
16.  38 out of 47 Stocks Listed Between 2008 and 2016 Trade Below Their Listing Prices
17.   7 Stocks With PE Ratio Within Average Market Acceptable Ratio

Related News