In the third quarter of 2021, the nominal year on year growth rate of Trade stood at 14.84%. This indicates an increase of 24.66% points when compared to the third quarter of 2020 growth rate of -9.82% and 8.43% points lower than the previous quarter growth rate of 23.27%.
In nominal terms, Other Services grew by 3.37% (year-on-year) in Q3 2021. This growth rate was higher than the -5.11% growth rate recorded in the same quarter of the previous year and higher than the growth rate of 1.27% in Q2 2021 by 8.48% points and 2.10% points respectively.
Nominal GDP growth of the Manufacturing sector in the third quarter of 2021 was recorded at 32.73% (year-on-year), 19.18% points higher than figure recorded in the corresponding period of 2020 (13.54%) and 5.60% points lower than the preceding quarter figure of 38.33%. Quarter on Quarter growth of the sector was recorded at 26.78%.
In nominal terms, the Public Administration sector grew by 2.47% in Q3 2021, lower by 3.82% points from the corresponding quarter of 2020 and higher by 3.53% points relative to Q2 2021.
Nominal growth in the Education sector in the third quarter of 2021 was 7.75% (year-on-year), up by 23.50% points from the growth of -15.75% reported in the corresponding quarter of 2020, and up by 0.78% points when compared to Q2 2021 growth rate of 6.97%.
The agricultural sector in the third quarter of 2021 grew by 1.22% (year-on-year) in real terms, a decrease of 0.17% points from the corresponding period of 2020, and a decrease of 0.08% points from the preceding quarter which recorded a growth rate of 1.30%.
The non-oil sector grew by 5.44% in real terms during the reference quarter (Q3 2021). This rate was higher by 7.95% point compared to the rate recorded same quarter of 2020 and 1.30% point lower than the second quarter of 2021.
Real growth of the oil sector was –10.73% (year-on-year) in Q3 2021 indicating an increase by 3.16% points relative to rate recorded in the corresponding quarter of 2020. Growth increased by 1.92% points when compared to Q2 2021 which was –12.65%.
The total value of capital importation into Nigeria stood at $5,820.21m in the second quarter of 2019. This represents a decrease of -31.41% compared to Q1 2019 and +5.56% increase compared to the second quarter of 2018. The largest amount of capital importation by type was received through Portfolio investment, which accounted for 73.76% ($4,292.89m) of total capital importation, followed by Other Investment, which accounted for 22.41% ($1,304.43m) of total capital imported and Foreign Direct Investment (FDI), which accounted for 3.83% ($222.89m) of total capital imported in Q2 2019.
National Bureau of Statistics.
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