INTERNATIONAL TRADE (2005)
Nigeria’s main import partners were China (10.6 per cent),
the US (8.3 per cent), the Netherlands (5.9 per cent) and the
UK (5.7 per cent). Other partners included Japan, Germany,
France, Brazil, Belgium, Argentina, India, Canada, Denmark,
South Africa, Korea, Thailand, Taiwan, Russia, Switzerland,
Saudi Arabia, Greece, Spain, Israel, the United Arab Emirates
and Scandinavian countries.
Major import
partners
Macroeconomic indicators
NOMINAL GROSS DOMESTIC PRODUCT (GDP)
Nominal GDP (2007 estimate)
The nominal GDP for 2007 was
estimated at US$175 billion.
SECTORAL CONTRIBUTIONS TO GDP (PER CENT)
AND GROWTH RATE (PER CENT)
Year
2004
2005
2006
Agriculture
40.98
41.19
41.77
Growth rate
6.50
7.06
7.17
Petroleum (crude oil, petrol
and natural gas)
25.72
24.26
21.93
Growth rate
3.30
0.50
-4.5
Solid minerals
0.26
0.27
0.28
Growth rate
10.85
9.53
9.57
Telecommunications and
postal services
1.20
1.45
1.82
Growth rate
28.97
28.81
31.98
Manufacturing
3.68
3.79
3.79
Growth rate
10.00
9.61
9.71
Source: National Bureau of Statistics (NBS), Abuja [adapted from the Country Self-Assessment Report
(CSAR)].
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