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Nairaland Forum / Nairaland / General / Politics / Latest IMF Figures Show Nigeria As World's 22nd Largest Economy (27673 Views)
IMF Has Listed Nigeria As The World’s 22nd Largest Economy In The World / Nigeria Now 22nd Largest Economy In The World- I m f (see Full List) / IMF: Nigeria Now World's 22nd Largest Economy (2) (3) (4)
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Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by menesheh(m): 1:43pm On Nov 26, 2015 |
NIGERIA has been adjudged the world's 22nd largest economy with an annual growth rate of 5% during the course of 2015 according to the latest survey of the planet's wealthiest countries the International Monetary Fund (IMF). According to the figures published yesterday, Nigeria's gross domestic product (GDP) is set to total $1.105trn in 2015, representing a 5% growth from last year. Despite global crude oil prices falling by about three quarters over the last year, Nigeria has defied the negative growth that afflicted several crude-producing countries. Of the world's 30 largest economies countries examined in the survey, oil producers like Brazil and Russia suffered declines in GDP. Africa's two other economies on the list Egypt and South Africa, who were ranked 24th and 30th respectively, enjoyed GDP growth rates of 5.2% and 2.4% respectively. In terms of growth, Nigeria, was also the sixth highest achiever as only China, India, Egypt, Pakistan and the Philippines recorded higher GDP growth. Other key features of the survey was that China overtook the US as the world's largest economy with a GDP of $19.51trn, India moved into third place thanks to its 8.3% growth rate that bumped GDP up to $8.02trn and Egypt overtook South Africa as Africa's second largest economy. Over the last 15 years, Nigeria has enjoyed annual GDP growth rates of about 7% but with crude oil prices falling to about $40 a barrel from over $100 a barrel, it is no surprise that growth has slowed. Despite this, the economy continues to diversify and the country remains on course to achieve its goal of becoming one of the world's top 20 economies by 2020. International Monetary Fund statistics at October 2015 1. China: US$19.510 trillion (up 7.9% from 2014) 2. United States: $17.968 trillion (up 3.6%) 3. India: $8.027 trillion (up 8.3%) 4. Japan: $4.842 trillion (up 1.6%) 5. Germany: $3.842 trillion (up 2.5%) 6. Russia: $3.474 trillion (down -2.9%) 7. Brazil: $3.208 trillion (down -2.1%) 8. Indonesia: $2.839 trillion (up 5.7%) 9. United Kingdom: $2.660 trillion (up 3.5%) 10. France: $2.647 trillion (up 2.2%) 11. Mexico: $2.220 trillion (up 3.3%) 12. Italy: $2.174 trillion (up 1.8%) 13. South Korea: $1.849 trillion (up 3.7%) 14. Saudi Arabia: $1.681 trillion (up 4.4%) 15. Spain: $1.636 trillion (up 4.1%) 16. Canada: $1.628 trillion (up 2%) 17. Turkey: $1.576 trillion (up 4.1%) 18. Iran: $1.382 trillion (up 1.8%) 19. Australia: $1.137 trillion (up 3.4%) 20. Taiwan: $1.114 trillion (up 3.2%) 21. Thailand: $1.107 trillion (up 3.5%) 22. Nigeria: $1.105 trillion (up 5%) 23. Poland: $1.003 trillion (up 4.5%) 24. Egypt: $996 billion (up 5.2%) 26. Pakistan: $930.8 billion (up 5.3%) 27. Netherlands: $831.4 billion (up 2.8%) 28. Malaysia: $813.5 billion (up 5.7%) 29. Philippines: $742.3 billion (up 7%) 30. South Africa: $724 billion (up 2.4%) -International Monetary Fund's World Economic Outlook database. - See more at: http://www.nigerianwatch.com/news/8271-latest-imf-figures-show-nieria-as-worlds-22nd-largest-economy-with-gdp-jof-11trn 15 Likes 8 Shares |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by menesheh(m): 1:44pm On Nov 26, 2015 |
GEJ handwork. lalastica 184 Likes 10 Shares |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by Johnrake69: 1:46pm On Nov 26, 2015 |
Nice |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by kozmokaz(m): 1:48pm On Nov 26, 2015 |
gej legacy remains 135 Likes 7 Shares |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by Nobody: 1:48pm On Nov 26, 2015 |
menesheh:And Ngozi Okonjo Iweala's brilliance 204 Likes 10 Shares |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by modath(f): 1:50pm On Nov 26, 2015 |
All these statistics that don't reflect the reality of the citizens day to day existence are just tiring... 22nd Largest economy & youths by their 22nd bithdays are still begging parents & older relatives for small change to recharge their phones!!!! Issokay!! 144 Likes 6 Shares |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by agitator: 1:50pm On Nov 26, 2015 |
Ok no input from GMB yet ![]() ![]() ![]() 40 Likes 2 Shares |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by Nobody: 1:51pm On Nov 26, 2015 |
Paper Analysis. we have seen it. NEXT!!!! 5 Likes |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by baralatie(m): 1:53pm On Nov 26, 2015 |
![]() God bless everyone,presidents,citizens who have worked to make Nigeria proud! This comments is for PMB and the APC to key into the numerous achievements Nigeria has achieved and stopand its propaganda campaign. This is the summary about Nigeria that puts it on the Global stage! "Over the last 15 years, Nigeria has enjoyed annual GDP growth rates of about 7% but with crude oil prices falling to about $40 a barrel from over $100 a barrel, it is no surprise that growth has slowed. Despite this, the economy continues to diversify and the country remains on course to achieve its goal of becoming one of the world's top 20 economies by 2020." God bless Gej for his efforts and God Give PMB wisdom to key into this vision . God bless Nigeria. 71 Likes 3 Shares |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by Johnpaul2k2(m): 2:07pm On Nov 26, 2015 |
Good |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by shogz89: 2:23pm On Nov 26, 2015 |
Nice one even though I ain't feeling it until I get a job ![]() ![]() 4 Likes 1 Share |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by PRYCE(m): 2:26pm On Nov 26, 2015 |
If Nigeria Could be squeezed to stand on that paper, then it may be true! 4 Likes |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by Rossikk(m): 3:07pm On Nov 26, 2015 |
shogz89:Why not start a small scale manufacturing enterprise at home? You can make bags, sandals, furniture, and a hundred other items. You'll make more money than a salary could pay you. The advantage you have is the booming economy we have, hence there's a ready market for your products. 32 Likes 5 Shares |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by abouzaid: 3:45pm On Nov 26, 2015 |
Rossikk:most of this small scale industries are already over populated, we need soft loans to go into poultry, fisheries, home construction etc. co operatives need loans for small scale industries like fertilizer production. 7 Likes |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by Rossikk(m): 3:53pm On Nov 26, 2015 |
abouzaid:I don't agree that the market is saturated for small scale manufactured products. You can earn a good living by making stuff. People do this in China, India, US etc. How then can you say the Nigerian market is saturated? Millions of households still lack many items, and with incomes rising, there is a market for finished products of all kinds. 10 Likes |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by johnydon22(m): 4:33pm On Nov 26, 2015 |
modath: Even China and U.s the largest economies still have unemployed, homeless people, poor people and what have you... not only in Nigeria. 36 Likes 1 Share |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by modath(f): 4:46pm On Nov 26, 2015 |
johnydon22: But does the ratio of the unemployed outclass the employed ![]() 2/3 of US & China are not living from hand to mouth... 5 Likes |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by Kyase(m): 4:48pm On Nov 26, 2015 |
kozmokaz:Shatap if the news was "Nigeria drop to 35" would you say its Gej's legacy? Baba carry go. 37 Likes 1 Share |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by EternalTruths: 4:55pm On Nov 26, 2015 |
God bless Jonathan ![]() 18 Likes |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by johnydon22(m): 4:57pm On Nov 26, 2015 |
modath: You can never hope to Jump from where you were to where China or U.S is now in a day.. What was U.S.A doing 60 years after their independence, they were still busy killing each other fighting a civil war over who needs slaves and who don't.. Now they are here after more than 250 years of independence.. 70 years ago 80% of Nigeria still have no idea what really a car is.. Nigeria can never jump to the level of U.S and China in a day, we are barely in our 50s after independence, development is a slow but consistent process that achieves desired results with time.. we only need leaders that care .. 35 Likes 5 Shares |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by johnydon22(m): 5:00pm On Nov 26, 2015 |
Kyase: Forget the emotional attachment here, We all know the line between Goodluck's achievements with that of Buhari for now this government is still a bit young. Give your baba few more years and we will check Nigeria's position in the World economy list then you can know if you will shout baba carry go.. for now don't give another man's credit to another because you are emotionally attached to one. This is glaringly Goodluck's handwork. . . Say other wise betrays a lot of naivety and blind sentiment 51 Likes 5 Shares |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by kozmokaz(m): 5:04pm On Nov 26, 2015 |
Kyase:actually from d current rating; Nigeria has dropped self.... now imagine d height gej took Nigeria to before d crashing !!! receive sense 28 Likes |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by menesheh(m): 5:06pm On Nov 26, 2015 |
johnydon22: Nigeria have outgrown this sort of person as a president. It is demeaning and belittling. 6 Likes |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by thundafire: 5:11pm On Nov 26, 2015 |
GEJ legacy nd soon lai mohammed nd his kunu drinkers will soon claim dy glory GEJ may u live long cs anytym ur achievement is mentioned ur enemies do have nightmares like,e-rats,keyamo,lai mohammed,APC as a whole 19 Likes |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by johnydon22(m): 5:11pm On Nov 26, 2015 |
menesheh: It is embarrassing... A country of 170million settled for a one time military head of state, old and half educated to lead her in the 21st century. . . Instead of moving with time we went back more than 30 years backwards 38 Likes 2 Shares |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by johnydon22(m): 5:13pm On Nov 26, 2015 |
thundafire:That is if it doesn't drop way too low soon.. 6 Likes |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by mazeltov(m): 5:55pm On Nov 26, 2015 |
Nigeria is already on the path of failure. How can we move forward when we keep misplacing praises and criticism. Stupidity is when we blame Buhari for our current economic failure and praise Gej for our IMF ranking 13 Likes 3 Shares |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by johnydon22(m): 6:01pm On Nov 26, 2015 |
Cc. lalasticlala |
Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by AYOdeji2102: 6:18pm On Nov 26, 2015 |
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Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by Nobody: 6:20pm On Nov 26, 2015 |
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Re: Latest IMF Figures Show Nigeria As World's 22nd Largest Economy by onosprince(m): 6:20pm On Nov 26, 2015 |
During campaign Buhari wear suit make we feel say him na modern man, na dat suit picture make many pple vote am in but since he turn president na dat he 3 abokiii native he take dey tour. This change na from bad to worse. 5 Likes |
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