Business Post GDP Rebasing: Nigeria's Economy Now Worth N81tr

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Following the recent rebasing of Nigeria's Gross Domestic Product, the country's economy is now worth N81tr, as released by the National Bureau of Statistics.

Read Excerpt from BusinessNews:

The National Bureau of Statistics (NBS) has revised the size of Nigerian economy to about N81.009 trillion following it latest final rebasing of the country’s Gross Domestic Product (GDP), using the Expenditure Approach between 2010-2013.

This represented a marginal increase from the projected N80 trillion in 2013 when the output method was used the compute the rebased GDP in May.

According to the GDP Report (Expenditure Approach) 2010-2013 released by the statistical agency, the final consumption of Household Items Expenditure accounted for the largest chunk of the rebased GDP figures at about N58.13 trillion in 2013, up from the N42.115 trillion of the preceding year.

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