Nigerian Gross Domestic Product Report (Expenditure and Income approach) Q3, Q4 2015

•  In real terms year on year growth in GDP increased in the third quarter, to 2.84%, before declining to 2.11% in the fourth quarter of 2015, which was the lowest level recorded in the rebased period.
• Both investment (gross capital formation) and consumption expenditure contributed to the fall in the fourth quarter, however a strong recovery in growth in net exports limited the fall
• National Disposable Income recorded stronger growth than GDP in the second half of 2015 in real terms, partly as a result of large increases in both compensation of employees, and property and entrepreneurial income from the rest of the world
•  Real year on year growth in domestic compensation of employees however, remained significantly weaker than in previous years.

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