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Research Document: The NESG Report on GDP ALERT for SEPTEMBER 2019


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Posted Fri, Sep 6, 2019 3:03 PM

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Business as usual, as Nigeria’s economy expands by a modest 1.9% in 2019Q2 Nigeria’s real Gross Domestic Product (GDP) expanded by 1.9% in the second quarter of 2019, marginally lower than 2.01% recorded in 2019Q1. This marks the 8th consecutive positive growth since Nigeria’s exit from recession in 2017Q2. This is also an improvement over the 1.5% recorded in the corresponding quarter of the previous year (2018Q2). As a result, nominal output was valued at N34.9 trillion, 9.8% higher than the previous quarter and 13.8% over 2018Q2. However, after adjusting for inflation, real GDP for the period dropped drastically to N16.9 trillion. Consequently, in the first half of 2019, real GDP grew by 2.0% from 1.7% in 2018 H1.

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All text, graphics, audio files, code, downloadable material, and other works on this web site are the copyrighted works of the Nigerian Economic Summit Group (NESG).