Home > Business > Nigeria’s GDP grows 2.38 per cent in fourth quarter of 2018

Nigeria’s GDP grows 2.38 per cent in fourth quarter of 2018

Nigeria’s GDP has grown 2.38 per cent in real terms within the fourth quarter of 2018, showing a 0.27 per cent jump over the fourth quarter of 2017.

The Real GDP growth posted 5.31 per cent on a quarter-on-quarter basis, with an annual growth rate of 1.93 per cent printed for the fiscal year of 2018.

While the aggregate nominal GDP was at NGN 35.230bn, a higher 12.65 per cent from NGN 31.275bn recorded in the fourth quarter of 2017.

Nigeria’s nominal GDP for the fiscal year of 2018 was at NGN127.76bn, posting a nominal growth rate of 12.36 per cent above the fiscal year of 2017 level of NGN 113.71bn

READ ALSO:  Argungu: Agony over an almost forgotten festival