NIGERIA'S GDP SIZE — HOW BIG WAS THE ECONOMY?

1999 — $57.48 billion, 51st largest economy globally

2006 — $222.79 billion, 33rd largest economy
2007 — $262.22 billion, 34th largest economy

2009 — $297.46 billion, 32nd largest economy
2010 — $369.06 billion, 30th largest economy

2014 — $568.50 billion, 22nd largest economy
2015 — $492.44 billion, 24th largest economy

2022 — $477.38 billion, 32nd largest economy
*2023 — $374.95 billion, 42nd largest economy

*In 2024, Nigeria's economy is estimated at $252.74 billion, making it the 53rd largest economy.

*Projected value

#Statisense
(IMF)

Jonathan was s great president.

We made mistakes with Buhari, and may God judge that Buhari with Fire and thunder for destroying this country....

Baba werey

What could've gone wrong within short time for the big decline

To be honest we Nigerians Made a mistake with APC
Did you noticed it started regressing from 2015 Till now it's even 53rd , we could have been like Among the first Best 20 economies in the world, how the mighty has fallen
May God rescue his people through a purpose driven leader in next election if not we could be at 80 or even 100 if this thiefvery continues

But why did the economy size drop this much under Lagos builder?? 😬

Ki lonshele

2014 was the peak under Igbo dominated federal government

Toh

Show us the GDP size in naira from 1999 to 2024

Lol..

igwebuike01:
2014 was the peak under Igbo dominated federal government

Before some I too know Fulanis decided to rock the boat with some ignorant Yorubas

The economy is going backwards to where it came from pre-2014. Hopefully, Nigeria too to pre-1914.

Jokerman:
Jonathan was s great president.

We made mistakes with Buhari, and may God judge that Buhari with Fire and thunder for destroying this country....

Baba werey

It was Tinubu and Buhari that destroyed the country.

Statistics don't lie.

The Igbos that managed the Nigerian economy during GEJ's tenure have proven themselves to be the very best in Nigeria.

Since Tinubu and Buhari shut Igbos out of economic management of the nation, the country has fallen flat.

Statistics don't lie. The Lagos boys have shown what they are really all about. Empty vessels

Paraman:
Show us the GDP size in naira from 1999 to 2024

Your stewpïdity needs to be projected on Times Square for all to see

Lol

All thanks or no thanks to Buhari. That man crashed Nigeria's economy by his I-don't-care attitude, coupled with Emefiele who was out to pump our dollars into the pockets of Buhari's Fulani henchmen (Dangote is number 1) so as not to be sacked.

Paraman:
Show us the GDP size in naira from 1999 to 2024

Naira wey una don devalue.

Dollar is the right standard unit here.

APC, a satanic party happened to Nigeria

sdeli:
What could've gone wrong within short time for the big decline

Thats f00lishness! Dollar is the common currency to compare world economies

Paraman:
Show us the GDP size in naira from 1999 to 2024

Already called that since last year

https://www.nairaland.com/7923805/nigeria-gdp-drops-500b-290b

What pains me the most is that the ONLY bragging right we have as Nigerians as being the largest economy in Africa, still got taken away from us under the calamitous APC.

Shame!!!

sdeli:
What could've gone wrong within short time for the big decline

APC bad economic decision and they are still making it now

When you talk they call u enemies of Nigeria

Nigeria's economy in 15 years

Jonathan's administration
2010: $369.06bn
2011: $414.09bn
2012: $460.95bn
2013: $514.96bn
2014: $568.49bn

Buhari's administration
2015: $492.43bn
2016: $404.64bn
2017: $375.74bn
2018: $421.73bn

2019: $448.12bn
2020: $429.42bn
2021: $441.42bn
2022: $477.37bn

Tinubu's administration
2023: $374.94bn
2024: $252.73bn*

*projections

Note: The GDP is measured by current prices.

<IMF>
#TheCableIndex

OfoIgbo:


It was Tinubu and Buhari that destroyed the country.

Statistics don't lie.

But Tinubu once asked dismissively, ’na statistics we go chop!?’

LOVEALAIGBO:


But Tinubu once asked dismissively, ’na statistics we go chop!?’

Now that they don't want to eat statistics, what will the now eat, statistics and data is what drives the economy of the modern world and not propaganda. It seems this man will enter the Guinness book of world record as the most incompetent person to ever assume a leadership position ever in the history of the world. Nothing is working again, there is problem in the electricity sector, the telecoms industry is gone, transportation is gone, food and agriculture is gone, construction is gone breweries and bottling companies are shrinking, manufacturing companies are shrinking. As I am typing this the sit out lounges and eateries are going.

Nigerians should finally dedicate a day for weeping for Nigeria, the same way ipob dedicated Monday for sit at home.

The truth is that Nigeria is finally gone, without redemption

teh

For me, when I reviewed this GDP stat, what was concerning was productivity per capita. If you stripped out Nigeria's GDP off oil, You'll see how unproductive the Nigeria population is. We need a leader to liberate the populace from dormancy. And also the citizen should be bothered about this instead of marking attendance on nairaland.

kettykin:
Nigerians should finally dedicate a day for weeping for Nigeria, the same way ipob dedicated Monday for sit at home.

The truth is that Nigeria is finally gone, without redemption

We can get Nigeria back to where it is supposed to be...

Let's eschew wickedness first, and learn to vote right...

OfoIgbo:
The Igbos that managed the Nigerian economy during GEJ's tenure have proven themselves to be the very best in Nigeria.

Since Tinubu and Buhari shut Igbos out of economic management of the nation, the country has fallen flat.

Statistics don't lie. The Lagos boys have shown what they are really all about. Empty vessels

For as long as the spirit of owambe has not left a Yoruba man, never trust him with your economy. This is why many of them cannot groom a retail business. They are good in manufacturing anyway. But an average Igbo man can swim through the ocean of business ruggedity wether manufacturing or the hardest of them retail. Igbos can build money

During GEJ'S regime, the price of oil was around 100 to 130, that's why the gdp was rising like anything

It was when the oil price crashed, round about the same time the gdp was high, that the problems began.

It's called the oil shock.

Now, buhari and even tinubu could have done better in prepping for the oil shock. They could have floated the naira and removed subsides in 2015 and also improved tax intakes as well

They didn't do both. Instead, they kept subsides, kept naira on a fixed rate and as a result we lost money

Gdp fell.

Ultimately, our main issue is we too dey rely on oil money.

Nigerian economy has always been vulnerable. Even under gej.

Plus if gej had floated the naira and removed subsides totally in 2010, that gdp in 2014 could have been around 1 trillion dollars

I ain't here to attack any party or tribe. My major concern is Nigeria gets off oil dependency and diversifies.

igwebuike01:
2014 was the peak under Igbo dominated federal government

under high oil price you mean