Lewes, DE -- (SBWIRE) -- 12/19/2017 -- As per International Monetary Fund (IMF) Nigeria's nominal gross domestic product is expected to grow at a CAGR of 16.05% from it's 2015 level of NGN 95177.74 billion and reach NGN 269790.193 billion by 2022.

Nigeria, officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in the north. Its coast in the south lies on the Gulf of Guinea on the Atlantic Ocean. Nigeria is often referred to as the giant of Africa due to its large population and economy.

Nigeria had estimated population of 183.636 million in the year 2016 and expected to reach 216.097 million by 2022. Nigeria's unemployment rate was 12.7% of total labor force.

Nigeria's real gross domestic product (GDP) was around NGN 68705.33 billions in 2016 whereas the nominal GDP was NGN 102704.409 billions. This resulted in GDP deflator 149.485. Per capita GDP was estimated at USD 2210.64 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 5942.35.

In 2016, Nigeria government's revenue was NGN 4962.23 billions whereas the expenditure was NGN 9508.83 billions. This resulted Nigerian government's net lending / borrowing negative at NGN 4546.60 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.

The current account balance for Nigeria was estimated to be at USD 2.619 billions for the year 2016 and is expected to grow at a CAGR of 177.25% and reach USD 2.587 by 2022. This positive current account balance indicates the Nigeria is net lender to the whole world.

Scope of the Nigeria PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Nigeria.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Nigeria.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Nigeria.
- These reports provide risk analysis for Nigeria.

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