GDP Report Q3 2015
In the Third Quarter of 2015, the nation’s Gross Domestic Product (GDP) grew by 2.84% (year-on-year) in real terms. This was higher by 0.49% points from growth recorded in the preceding quarter, yet lower by 3.38% points from growth recorded in the corresponding quarter of 2014. Quarter on quarter, real GDP increased by 9.19%.
During the quarter, aggregate GDP stood at N24,313,636.94 million (in nominal terms) at basic prices. Compared to the Third Quarter 2014 value of N22,933,144.01million, nominal GDP was 6.02% higher. Nominal GDP growth was also higher relative to growth recorded in the Second Quarter of 2015 by 0.85% points.
Data source: National Bureau of Statistics