Table 1 Economic Selected macroeconomic indicators in Nigeria (2000-2010) 1990 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 5.4 4.6 3.5 9.6 6.6 5.8 5.3 5.7 6.0 6.7 7.85 11.1 5.2 -5.2 23.9 3.3 -1.7 -3.7 -5.9 -6.2 0.5 4.6 4.4 2.9 4.5 5.2 7.8 8.4 9.5 9.2 9.0 8.3 8.5 - - - - - - 42,298 51,333.2 53,000.4 42,382.5 32,339.3 106.5 64.9 57.3 72.1 61.1 84.5 69.2 7.4 4.0 17.5 9.28 31.3 32.2 36.6 26.1 28.6 25.3 20.8 18.6 19.2 15.23 12.85 -2.1 6.9 0.5 - -2.3 5.2 10.5 12.7 1.4 8.02 9.12 22.2 15 17.9 8.2 5.9 11.6 11.5 12.1 127.4 139.27 142.89 152.0 9.5 9.75 6.0 6.25 Indicators GDP growth 8.2 (%) Oil sector 5.6 growth (%) Non-oil sec- 8.6 tor growth (%) External re- - serves (US$) External debt/GDP Domestic debt/GDP Overall BOP/GDP 10.3 Inflation rate 7.5 6.9 18.9 12.9 (%) Average Of- 7.9 ficial ex- change rate 101.7 111.9 121 127.8 132.8 132.9 128.5 (Naira/US$) MPR 10.0 Sources: i) CBN Annual Reports and Statement of Accounts ii) CBN Statistical Bulletin 51