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ServicesIn nominal terms, the Administrative and Support Services sector grew by -3.85% (year-on-year) in Q1 2023, lower by 15.20% points compared to the first quarter of 2022 and lower by 16.82% points than the growth rate in the previous. quarter. Quarter-on-quarter, the growth rate in the sector was -20.17% in.
- Reports - National Bureau of Statistics, Nigeria
The performance of the GDP in the first quarter of 2023 was...
- Reports - National Bureau of Statistics, Nigeria
•The marginal growth in GDP by 2.5% in Q2 2023 from 2.3% in Q1 2023 was caused by the lingering effect of the cash crunch. PwC projects 2.8% growth rate for Nigeria in 2023 and 3% in 2024. This marginal growth projection may be due to the emerging effects of the implementation domestic
The performance of the GDP in the first quarter of 2023 was driven mainly by the Services sector, which recorded a growth of 4.35% and contributed 57.29% to the aggregate GDP. The agriculture sector grew by -0.90%, lower than the growth of 3.16% recorded in the first quarter of 2022. Although the growth of the industry sector improved to 0.31% ...
June 2023 8.3% Previous Oil Production 1.3mbpd 1.2mbpd Period M -o M% July 27 2023 3.8% Previous FX Reserves $35.6bn $34.3bn Period M -o M% July 27 2023 8.9% Previous Market Capitalisation ₦35.6tn ₦32.7tn July 2023 1.8% Previous Inflation 22.8% 22.4 % NB: The cut off date is as of July 27, 2023 ₦ $ Source: NBS, CBN, NGX, PwC Analysis ...
and is also considered in this report.In Q1 of 2023, the Gross Domestic Product grew in real terms by 2.31% year-on. year and recorded 2.51% in Q2 of 2023. This shows a sustaine. positive trajectory since Q4 of 2020. However, this was a reduction of 0.80% in growth of Q1 of 2023 and a fall of 1.03% in Q2 of 2023 compar.
GDP slowed down to 2.31% in Q1'2023 from 3.52% in the fourth quarter of 2022, sustaining the economic expansion to the tenth consecutive quarter after the - 3.62% contraction posted in Q3’2020. The Q1’2023 growth rate decreased by -1.21% points from 3.52% recorded in Q4’2022 due to cash crunch and fuel
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Jun 8, 2023 · KPMG Analysis: GDP Growth Rate by 2026. This week we highlight the reported decision of the World Bank to retain its 2023 GDP growth forecast for Nigeria at 2.80% from 3.3% recorded in 2022. The World Bank’s 2023 forecast is in line with KPMG’s revised forecast of 2.85% (from 3.0% earlier stated), following the release of Nigeria’s Q1 ...
