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The first table lists countries by the percentage of their population with an income of less than $2.15 (the extreme poverty line), $3.65 and $6.85 US dollars a day in 2017 international ( PPP) prices.
Since 1987, Nigeria has participated in IMF loan arrangements on February 3, 1989, January 9, 1991, August 4, 2000, and most recently, in 2020, a $3.4 billion IMF loan, reaching 100 percent of its national quota. [6] Ultimately, in 1986, Nigeria decided against supporting the $2.4 billion loan from the IMF due to political tensions and the ...
The Nigeria national debt or simply national debt of Nigeria is the total amount of money that the Federal Government of Nigeria owes to its creditors, both domestic and external.
Figures are inflation-adjusted to 2011 International Geary-Khamis dollars. The economy of Nigeria is a middle-income, mixed economy and emerging market [27] [28] with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. [29] [30] It is ranked as the 39th-largest economy in the world in terms of ...
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. Nominal GDP does not take into account differences in the cost of ...
National net wealth, also known as national net worth, is the total sum of the value of a country's assets minus its liabilities. It refers to the total value of net wealth possessed by the residents of a state at a set point in time. [1] Despite the name, figures in this article only cover household wealth and exclude government wealth, which may be substantial, as in China, or negative, as ...
The following table presents a listing of Nigeria 's 36 states ranked in order of their estimated total GDP in 2021 according to a 2022 report by BudgIT. [1]
In March 2013, Africa was identified as the world's poorest inhabited continent; however, the World Bank expects that most African countries will reach "middle income" status (defined as at least US$ 1,025 per person a year) by 2025 if current growth rates continue. [16] There are a number of reasons for Africa's poor economy: historically, even though Africa had a number of empires trading ...