GDP: purchasing power parity - $110.5 billion (1999 est.)
GDP - real growth rate: 2.7% (1999 est.)
GDP - per capita: purchasing power parity - $970 (1999 est.)
GDP - composition by sector:
agriculture:
33%
industry:
42%
services:
25% (1997 est.)
Population below poverty line: 34.1% (1992-93 est.)
Household income or consumption by percentage share:
lowest 10%:
1.3%
highest 10%:
31.4% (1992-93)
Inflation rate (consumer prices): 12.5% (1999 est.)
Labor force: 42.844 million
Labor force - by occupation: agriculture 54%, industry 6%, services 40% (1999 est.)
Unemployment rate: 28% (1992 est.)
Budget:
revenues:
$NA
expenditures:
$NA, including capital expenditures of $NA
Industries: crude oil, coal, tin, columbite, palm oil, peanuts, cotton, rubber, wood, hides and skins, textiles, cement and other construction materials, food products, footwear, chemicals, fertilizer, printing, ceramics, steel
Industrial production growth rate: NA%
Electricity - production: 14.75 billion kWh (1998)
Electricity - production by source:
fossil fuel:
61.69%
hydro:
38.31%
nuclear:
0%
other:
0% (1998)
Electricity - consumption: 13.717 billion kWh (1998)
Electricity - exports: 0 kWh (1998)
Electricity - imports: 0 kWh (1998)
Agriculture - products: cocoa, peanuts, palm oil, corn, rice, sorghum, millet, cassava (tapioca), yams, rubber; cattle, sheep, goats, pigs; timber; fish
Exports: $13.1 billion (f.o.b., 1999)
Exports - commodities: petroleum and petroleum products 95%, cocoa, rubber
Exports - partners: US 35%, Spain 11%, India 9%, France 6%, Italy (1998 est.)
Imports: $10 billion (f.o.b., 1999)
Imports - commodities: machinery, chemicals, transport equipment, manufactured goods, food and live animals
Imports - partners: UK 13%, US 12%, Germany 10%, France 9%, Netherlands (1998 est.)
Debt - external: $29 billion (1999 est.)
Economic aid - recipient: $39.2 million (1995)
Currency: 1 naira (N) = 100 kobo
Exchange rates: nairas (N) per US$1 - 96.261 (October 1999), 99 (1999), 21.886 (1998), 21.886 (1997), 21.895 (1995)
Fiscal year: calendar year