Ishilove:
Whoever came up with these figures must be high on their own fart

mazeltov:
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

menesheh:
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

modath:
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!!

tafilu:

kozmokaz:
actually from d current rating; Nigeria has dropped self....


now imagine d height gej took Nigeria to before d crashing !!!

receive sense

kozmokaz:
gej legacy remains

Promhize:


And Ngozi Okonjo Iweala's brilliance

EternalTruths:
God bless Jonathan

Kyase:

[size=18pt]Shatap if the news was "Nigeria drop to 35" would you say its Gej's legacy?
Baba carry go[/size].

johnydon22:

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 ..

mazeltov:
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

Rossikk:
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.

Caliph69:
If Nigeria's economy is bigger than that of UAE, why are the two nations a world apart?

mazeltov:
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

modath:
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!!