Nigeria
Introduction
The Federal Republic of Nigeria is one of the largest and most prosperous nations in Africa. It is located in West Africa and shares borders with Niger, Chad, Cameroon, and Benin. Being a federal republic, it is divided into 36 states. However, there is also the Federal Capital Territory, which is the capital of the nation Abuja. Interestingly, the largest city in the country and in the entire African continent is Lagos.
Economy
The GDP of Africa is gigantic when compared to other African nations. It is by far the largest in the continent with the value of $1.07 trillion. The second economy in the region is South Africa with approximately 25% lower GDP. Another indication of nations’ wealth is the GDP per capita. In this respect, the numbers from 2019 indicate that the average Nigerian citizen has approximately $5,300, which is a very low number.
Population
In spite of low GDP, we need to remember that Nigeria is the most populous country in Africa. Interestingly, a lot of predictions indicate that in the next 30 years, Nigeria will become the third most populous country in the world. As of 2019, the population of 200 million citizens give them 9th place in the world's rankings.
Gross domestic product (GDP, GDP PPP)
Gross domestic product (GDP)
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Gross national income (GNI, Inflation)
Gross national income
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International trade (Export, Import)
Employment by sector, Unemployment
Unemployment (% of total labor force)
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