Reivent

GDP (purchasing power parity):

$377.9 billion (2010 est.)

country comparison to the world: 32

$348.7 billion (2009 est.)

$326 billion (2008 est.)

note: data are in 2010 US dollars

GDP (official exchange rate):

$216.8 billion (2010 est.)

GDP - real growth rate:

8.4% (2010 est.)

country comparison to the world: 15

7% (2009 est.)

6% (2008 est.)

GDP - per capita (PPP):

$2,500 (2010 est.)

country comparison to the world: 178

$2,300 (2009 est.)

$2,200 (2008 est.)

note: data are in 2010 US dollars

GDP - composition by sector:

agriculture: 31.9%

industry: 32.9%

services: 35.2% (2010 est.)

Labor force:

48.33 million (2010 est.)

country comparison to the world: 11

Labor force - by occupation:

agriculture: 70%

industry: 10%

services: 20% (1999 est.)

Unemployment rate:

4.9% (2007 est.)

country comparison to the world: 45

Population below poverty line:

70% (2007 est.)

Household income or consumption by percentage share:

lowest 10%: 2%

highest 10%: 32.4% (2004)

Distribution of family income - Gini index:

43.7 (2003)

country comparison to the world: 44

50.6 (1997)

Investment (gross fixed):

11.6% of GDP (2010 est.)

country comparison to the world: 147

Oil - exports:

2.327 million bbl/day (2007 est.)

country comparison to the world: 6

Oil - imports:

170,000 bbl/day (2007 est.)

country comparison to the world: 52

Oil - proved reserves:

37.5 billion bbl (1 January 2010 est.)

country comparison to the world: 10

Natural gas - production:

32.82 billion cu m (2008 est.)

country comparison to the world: 26

Natural gas - consumption:

12.28 billion cu m (2008 est.)

country comparison to the world: 44

Natural gas - exports:

20.55 billion cu m (2008 est.)

country comparison to the world: 11

Natural gas - imports:

0 cu m (2008 est.)

country comparison to the world: 97

Natural gas - proved reserves:

5.246 trillion cu m (1 January 2010 est.)

country comparison to the world: 8

Exports - commodities:

petroleum and petroleum products 95%, cocoa, rubber

Exports - partners:

US 35.08%, India 10.43%, Brazil 9.32%, Spain 7.19%, France 4.65% (2009)

Imports:

$34.18 billion (2010 est.)

country comparison to the world: 55

$29.05 billion (2009 est.)

Imports - commodities:

machinery, chemicals, transport equipment, manufactured goods, food and live animals

Imports - partners:

China 14.89%, US 8.88%, Netherlands 8.18%, South Korea 5.46%, UK 4.63%, France 4.19% (2009)

Reserves of foreign exchange and gold:

$43.36 billion (31 December 2010 est.)

country comparison to the world: 29

$44.76 billion (31 December 2009 est.)

Debt - external:

$11.02 billion (31 December 2010 est.)

country comparison to the world: 88

$10.11 billion (31 December 2009 est.)

Budget:

revenues: $18.16 billion

expenditures: $29.55 billion (2010 est.)

Public debt:

13.4% of GDP (2010 est.)

country comparison to the world: 119

11.8% of GDP (2009 est.)

Inflation rate (consumer prices):

13.9% (2010 est.)

country comparison to the world: 217

11.5% (2009 est.)

Central bank discount rate:

6% (31 December 2009)

country comparison to the world: 46

9.75% (31 December 2008)

Commercial bank prime lending rate:

18.36% (31 December 2009 est.)

country comparison to the world: 38

15.48% (31 December 2008 est.)

Stock of narrow money:

$40.41 billion (31 December 2010 est.)

country comparison to the world: 46

$33.61 billion (31 December 2009 est.)

Stock of broad money:

$91.97 billion (31 December 2010 est.)

country comparison to the world: 55

$72.31 billion (31 December 2009 est.)

Stock of domestic credit:

$77.43 billion (31 December 2010 est.)

country comparison to the world: 55

$62.18 billion (31 December 2009 est.)

Market value of publicly traded shares:

$33.32 billion (31 December 2009)

country comparison to the world: 51

$49.8 billion (31 December 2008)

$86.35 billion (31 December 2007)

Agriculture - products:

cocoa, peanuts, cotton, palm oil, corn, rice, sorghum, millet, cassava (tapioca), yams, rubber; cattle, sheep, goats, pigs; timber; fish

Industries:

crude oil, coal, tin, columbite; rubber products, wood; hides and skins, textiles, cement and other construction materials, food products, footwear, chemicals, fertilizer, printing, ceramics, steel

Industrial production growth rate:

4% (2010 est.)

country comparison to the world: 87

Electricity - production:

21.92 billion kWh (2007 est.)

country comparison to the world: 69

Electricity - consumption:

19.21 billion kWh (2007 est.)

country comparison to the world: 69

Electricity - exports:

0 kWh (2008 est.)

Electricity - imports:

0 kWh (2008 est.)

Oil - production:

2.211 million bbl/day (2009 est.)

country comparison to the world: 15

Oil - consumption:

280,000 bbl/day (2009 est.)

country comparison to the world: 46

Current account balance:

$27.77 billion (2010 est.)

country comparison to the world: 14

$22.89 billion (2009 est.)

Exports:

$76.33 billion (2010 est.)

country comparison to the world: 39

$59.32 billion (2009 est.)

Stock of direct foreign investment - at home:

$67.23 billion (31 December 2010 est.)

country comparison to the world: 49

$61.23 billion (31 December 2009 est.)

Stock of direct foreign investment - abroad:

$6.071 billion (31 December 2010 est.)

country comparison to the world: 57

$5.821 billion (31 December 2009 est.)

Exchange rates:

nairas (NGN) per US dollar -

150.88 (2010)

148.9 (2009)

117.8 (2008)

127.46 (2007)

127.38 (2006)