#1PRESENTATION OF THE RESULTS OF NIGERIA'S GDP REBASING / RE-BENCHMARKING EXERCISE, TRANSCORP HILTON HOTEL, ABUJA 10211 MEASURING BETTER: REBASING / RE-BENCHMARKING OF NIGERIA'S GROSS DOMESTIC PRODUCT DR. YEMI KALE Statistician-General of the Federation & CEO, National Bureau of Statistics Abuja, NIGERIA. nbs 6 April 2014 SOKOTO MATSINAS ZAMFARA KANO KADUNA NIGER KOMARA OYO SUN OQUN YOBE BORNO BAUCHI OOMBE PLATEAU. NASSARAWAK TARABA Καθι BENUE ECO DELTA MO CROS RIVE#2OUTLINE... A. Introduction B. What is GDP C. Understanding GDP Rebasing/Re-benchmarking D. Results from the GDP rebasing/ re-benchmarking E. Conclusion#3nbs NATIONAL BUREAU OF STATISTICS SECTION A INTRODUCTION#4INTRODUCTION... "Sound data represent the key weapon in the battle against poverty" Tado Chiko, former President, Asian Development Bank "If you can't measure it, you can't manage it" Robert Kaplan "Good statistics allied to appropriate government policies can change things radically for the better." - Clare Short, former Secretary of State for International Development These 3 quotations are pointers to what can be described as the key roles of data/statistics nbs NATIONAL BUREAU OF STATISTICS 5#5INTRODUCTION... nbs NATIONAL BUREAU OF STATISTICS 99 6 Project / programme identification B#6INTRODUCTION... THE WORLD BANK AFRICAINE DE BANQUE A SOKOTO ATSINA JOAWA YOBE BORNO ZAMFARA KEBB KANO KADUNA BAUCH OBE NGER DAMAN PLATEAU OYO NASSARAWA TARABA KODI BENUE 0OUN VEDO LA008 EBONY ENUGU EKM DELTA CROSS RIVER DEVELOPPEMENT BANK AFRICAN DEVELOPMENT NATIONAL BUREAU OF STATISTICS BAYELBA RIVERS AKWAOM ANAMBRA ADA 7 United Nations Monitoring and Evaluation of policy impact & implementation INTRNATIONA MONETA CARY * FUND#7nbs INTRODUCTION... www.chinatiGatew NATIONAL BUREAU OF STATISTICS Business/investment decision-making 8 INGSBYFS1215 (RF) www.visualphotos.com#8INTRODUCTION... POLLING PLACE Measuring governance and accountability engendering public debate and informing public choices PRES AP#9INTRODUCTION... Nigeria Vision 20: 2020 Plan ELA preparation, policy choice and programme design The 1st NV20:2020 Medium Term Implementation Plan (2010-2013) Volume I: The Vision and Development Priorities nbs NATIONAL BUREAU OF STATIST NIGERIA VISI- -N 2020 10 R 2011-2015 "Nigeria can no longer continue to be a sleeping giant; we have to wake up and if we wake up, we must begin to do things differently" - His Excellency, President Goodluck E. Jonathan GCFR, President, Commander-in-Chief of the Armed forces of the Federal Republic of Nigeria AGENDA TRANSFORMATION 2011-2015#10nbs INTRODUCTION... WARNING!!!! 66 DON'T REPLACE DATA WITH IDEOLOGY “ Jon Steinsson and Nicolas Article by Emi Nakamura, Vincent, Bloomberg WWW.BLOOMBERG.COM/NEWS/2012-06-12/DON-T-REPLACE-DATA-WITH-IDEOLOGY.-HTML 11 NATIONAL BUREAU OF STATISTICS#11INTRODUCTION... Are a vital source of evidence of progress Ensure scarce resources are used Enhance the decision making process, so that: Our ability to identify key areas which require change are enhanced. Our proposals for change are likely to respond to the real needs of the Nigerian people. nbs NATIONAL BUREAU OF STATISTICS 12#12INTRODUCTION... African Statistics: Is there a tragedy? nbs NATIONAL BUREAU OF STATISTICS MORTEN JERVEN Africalnfo POOR NUMBERS HOW WE ARE MELED BY AFRICAN DEVELOPMENT STATISTICS AND WHAT TO DO ABOUT IT#13nbs INTRODUCTION... Demand for Nigerian Statistics 2005and 2012 Performance Indicators 1 Reports downloaded 2005 2012 48,479 1,015,6454 2 Request for data onsite 3 Request for data email 23 334 106 4,882 4 Visits to website/ No of hits 36,280 4,486,112 5 No. of times NBS mentioned in the media 73 3,365 NATIONAL BUREAU OF STATISTICS#14INTRODUCTION... What's driving the demand for data? SURGE IN AFRICAN DATA DEMAND EXOGENEOUS FACTORS ENDOGENOUS FACTORS nbs NATIONAL BUREAU OF STATISTICS 15#15INTRODUCTION... What's driving the demand for data? GDP Growth- Nigeria and the Rest of the World % Change 12 10 8 16 EXOGENOUS DEMAND Weakening growth and search for new opportunities (worsened by the economic global crisis) Vision 2 0 -2 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013f World 4.9 4.6 5.3 5.4 2.8 0 5.1 3.9 3.2 3.5 United States 3.5 3.1 2.7 1.9 0 0 2.4 1.80 2.30 2.00 Euro Area 2.2 1.7 3.2 3 0.4 0 2 1.4 0 -0.2 Japan 2.4 1.3 1.7 2.2 0 0 4.5 0 2.2 1.2 -Latin America and the Carribean 6 4.7 5.7 5.8 4.2 0 6.2 4.5 3 3.6 -Middle East and North Africa 6.2 5.3 6.3 5.7 4.5 2.6 5 3.5 5.2 3.4 Sub-Saharan Africa 7.1 6.2 6.4 7.1 5.6 2.8 5.3 5.3 4.8 5.8 - Nigeria 10.5 6.5 6.0 6.4 6.0 7.0 8.0 7.4 6.6 6.8 nbs NATIONAL BUREAU OF STATISTICS#16SPAN HAND INTRODUCTION... What's driving the demand for data? PORTUGAL AFRICA THE BELGIUR MAD SCRMBLE FOR AFRICA SLAND OIL OILE METALS GAS SMARKETS ABONDSM DIAMONDS WATER THEMETALS NEW WAVES LANDSCOLTAN MARKETS SCRAMBLE FORSOHANSS AFRICA MILITARY BASES FISH MARKETS BIOFUELS WATER OIL "Nowadays, it is Africa that is the continent on investors' lips", Zin Bekkali, chief executive of Silk Invest, a boutique asset manager nbs NATIONAL BUREAU OF STATISTICS Dead Heat Chand Se Sackh W- USA Trade With Africa 200 CHMA EXOGENOUS DEMAND Abundant good news... Goldman Sachs report on N11, improved ratings, macro stability, and validated by IMF and Wbank reports from 2005.HBS report rating NGR high as top 30st most important economies on etc JP Morgan and Barclays adds NGR bonds to emerging market index etc. Unprecedented surge in FDI ($9bn in 2012 in NGR and over $55bn for Africa) 60percent of NSE owned by foreign firms from less than 5 percent in 2000 Unprecedented increase in trade and financial flows.#17INTRODUCTION... What's driving the demand for data? airtel BORSE SHOPRITE mas vices arrived Major international brands entering the Nigerian market in the last three years. MASTE PORSCHE Domino's Pizza 20 CAN Click to play SPAR Foreign investors race for African land CNN's Robyn Cumow looks at the changes and controversy of millions of acres of African land being bought by investors. TATA TATA POWER Lighting up Lives! Radisson BLU Manitoba WHYDRO INTERNATIONAL HOTELS & RESORTS nbs NATIONAL BUREAU OF STATISTICS MANGO KFC#18INTRODUCTION... What's driving the demand for data? Statistics Budget profile 2006-2013 ($US) 35,000,000.00 30,000,000.00 25,000,000.00 20,000,000.00 15,000,000.00 10,000,000.00 5,000,000.00 0.00 2006 2007 2008 2009 2010 2011 2012 2013* nbs NATIONAL BUREAU OF STATISTICS Recurrent Allocation (USD) ■Capital Allocation (USD) ENDOGENOUS DEMAND? Recurrent budget (mostly personnel costs) for the Bureau has been high over the years The capital budget on the other hand, finances key surveys and projects and has largely declined since 2008 As a result of recent advocacy efforts, and demonstrable successes, the current government increased the capital allocation by 25 percent in 2012 and by a whopping 178 percent for 2013!#19INTRODUCTION... What's driving the demand for data? ENDOGENOUS DEMAND? DEMOCRA El combines NIGERIA Nigeria Vision 20, 2020 Economic Transformation Blueprint VISH October 2009 A Paradigm shift to results based managementfrom finanacial to output to performance and outcome measurement. B Return to strategic planning by FGN C Increased demand for accountability from citizens. DRAFT NOT FOR CHICULATION A B C D Return to Democracy after 3 decades of military dictatioship D nbs NATIONAL BUREAU OF STATISTICS#20nbs NATIONAL BUREAU OF STATISTICS B SECTION B What is GDP? B#21What is GDP GDP market value of all officially recognized final goods and services produced within a country in a given period: Output/Production approach ■ Value of Sales of goods and services - Intermediate Consumption in producing those goods and services. Expenditure Approach ▪ GDP = C + 1 + G + (EX - IM) ■ Income Approach ■ Wages+Rent+Interests+ profits+ adjustments nbs NATIONAL BUREAU OF STATISTICS#22What is GDP ● GDP growth isn't synonymous with development. Rising GDP alone may not lead to economic development ■ ...but is required for Development ● GDP growth may not necessarily reduce poverty or unemployment Inequality Capital Intensive technologies/ increase in productivity nbs NATIONAL BUREAU OF STATISTICS#23nbs NATIONAL BUREAU OF STATISTICS SECTION C GDP REBASING/ Re- Benchmarking "MEASURING BETTER"#24Rebasing/Re-benchmarking of GDP ● Over time prices change and the structure of an economy changes introduction of new products alteration in the variety of products and services due to technological innovations and developments; ● Changes in consumption Structural changes in acquisition of capital goods and changes in openness of economy ● Price structure of the economy changes ■ base year structure becomes less representative of the economy as time progresses ■ substitution effect: Consumers move away from relatively more expensive products to buy goods with relatively cheaper prices. nbs NATIONAL BUREAU OF STATISTICS#25Rebasing/Re-benchmarking of GDP ●Key Benefit ■ Enables policy makers, analysts investors etc to obtain a more accurate picture of economic structure. ■ Better understanding of that structure Inform policy decisions and program design nbs NATIONAL BUREAU OF STATISTICS#26Rebasing/Re-benchmarking of GDP Table 1: Selected countries that have undertaken rebasing exercises and the magnitude of the changes. Country Old Base Year New Base Year Number of % Difference in years between GDP after base years rebasing Argentina 1986 1993 7 -8.2 Botswana 1993/1994 2006 13 -10 Brazil 1985 2000 15 7.0 Burundi 1996 2005 9 40.3 Cape Verde 1980 2007 27 13.7 Chile 1986 1996 10 9.9 Colombia 1975 1994 19 16.5 DRCongo 2000 2005 5 66.4 Ecuador 1975 1994 19 -3.1 Egypt 2001/2002 2006/2007 6 8.9 Ethiopia 1999/2000 2010/2011 12 -1 Ghana 1993 2006 13 62.8 Guatemala 1958 2001 43 -10.7 Honduras 1978 2000 22 19.2 Lesotho 1995 2004 9 -4.4 Morocco 1988 1998 10 11.7 Nicaragua 1980 1994 14 70.0 Niger 1987 2006 19 2.5 Nigeria 1990 2010 24 ??? Paraguay 1982 1994 12 -11.6 Sierra Leone 2001 2006 5 25.6 Tanzania 2001 2007 6 10 Tunisia 1990 1997 7 9.8 nbs Uganda 1997/1998 2002 5 10.5 NATIONAL BUREA Venezuela 1984 1997 13 -3.2#27Rebasing/Re-benchmarking of GDP ● Methodology ■ Detailed methodology has been put on our website at [www.nigerianstat.gov.ng] ■ Four major methodological pillars o The System of National Accounts (SNA 2008 version), 。 the International Standard Industrial Classification (ISIC Revision 4), and • The Central Product Classification (CPC version 2) • Ongoing development of the SUT matrix nbs NATIONAL BUREAU OF STATISTICS#28Rebasing/Re-benchmarking of GDP NBS Harmonized Frame Sectors NBS FRAME NBS Old Frame 1 AGRICULTURE, FORESTRY AND FISHING 1,116 671 2 MINING AND QUARRYING 971 261 3 MANUFACTURING 76,656 16,248 4 CONSTRUCTION 53,507 551 WHOLESALE AND RETAIL TRADE, REPAIR OF MOTOR 5 VEHICLES AND MOTORCYCLES 502,085 16,583 6 TRANSPORTATION AND STORAGE 5,902 1,418 7 ACCOMMODATION AND FOOD SERVICE ACTIVITIES 13,109 5,774 8 INFORMATION AND COMMUNICATION 1,719 2,183 PROFESSIONAL, SCIENTIFIC AND TECHNICAL 9 ACTIVITIES 125,482 4,593 10 ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES 2,048 1,096 11 EDUCATION 34,974 24,713 12 HUMAN HEALTH AND SOCIAL WORK ACTIVITIES 13,083 6,749 13 ARTS, ENTERTAINMENT AND RECREATION 805 281 14 OTHER SERVICE ACTIVITIES 8,450 2,002 15 Real Estate 11721 610 Total 851,628 83,733 nbs NATIONAL BUREAU OF STATISTICS#29nbs Rebasing/Re-benchmarking of GDP ● Methodology ● Extensive Supplementary Surveys Mining and Quarrying Manufacturing ■ Construction ■ Wholesale & Retail Trade, Repair of motor vehicles & motor cycles Transportation & Storage Accommodation & Food service activities Information & Communication inc motion picture and sound recording ■ Real Estate activities Professional, Scientific & Technical activities Administrative & Support Service activities Education Human Health and Social Work activities ■ Arts & Entertainment Other Service activities NATIONAL BUREAU OF STATISTICS#30Rebasing/Re-benchmarking of GDP ● Methodology: Key activities ■ Revision of the activity classification in national accounts; Compilation of merchandise imports & exports, wholesale & retail trade margins, as well as imports and exports of services Field surveys for selected economic activities Collection of price indices Compilation of preliminary intermediate consumption and valuation matrices and ■ Estimation of production accounts by the adopted industry classification ■ Technical workshops with Stakeholders, involving over 150 Ministries, Departments & Agencies Results-validation meetings with key policy makers including the National Economic Management Team (NEMT), National Economic Management and Implementation Team (EMIT), ■ Results-validation meetings with 6 economics professors; and Results-validation meetings with Joint Mission of the International Monetary Fund (IMF), the World Bank and African Development Bank (AfDB). nbs NATIONAL BUREAU OF STATISTICS#31Rebasing/Re-benchmarking of GDP Rebasing Nigeria GDP: 2010 from 1990 Compilation of preliminary intermediate consumption and valuation matrices and estimation of production accounts by the adopted industry classification Validation of numbers: IMF/World Bank/ADB Eminent economists NEMT and EMIT Estimation of production accounts by the adopted industry classification Launch New rebased GDP numbers We are here Revision of the activity classification in national accounts Listing and harmonisation of frame for field work Planning and Preparation Collection of price indices Technical Stakeholders, workshops with involving over 150 Ministries, Departments & Agencies Compilation of merchandise imports & exports, wholesale & retail trade margins, as well as imports and exports of services#3233 ISIC Rev.3.1 A Agriculture, hunting and forestry B Fishing C Mining and quarrying D Manufacturing E Electricity, gas and water supply F Construction G Wholesale and retail trade; ... H Hotels and restaurants | Transport, storage and communications J Financial intermediation ISIC Rev.4 A Agriculture, forestry and fishing B Mining and quarrying C Manufacturing D Electricity, gas, steam ... Water supply; sewerage, waste ... Construction F G Wholesale and retail trade; H Transportation and storage | Accommodation and food service activities Information and communication K Financial and insurance activities L Real estate activities K Real estate, renting and business ... L Public administration ... M Professional, scientific and technical activities N Administrative and support service activities Public administration ... M Education N Health and social work Other community, social, personal.. P Activities of private households bs Extraterritorial organizations and bodies NATIONAL BUREAU OF STATISTICS P Education Q Human health and social work activities R Arts, entertainment and recreation S Other service activities T Activities of households ... U Activities of extraterritorial organizations ...#33Post Financial Institutions Insurance Rebasing/Re-benchmarking of GDP Old Classification Crop Production Livestock Forestry New Classification Crop Production Livestock Forestry Fishing Fishing Real Estate Coal Mining Coal Mining Business Services Crude Petroleum & Natural Gas Public Administration Metal Ores Education Quarrying & Other Mining Health Oil Refining Private Non Profit Organisations Cement Other Services Broadcasting Other Manufacturing Electricity Water Building & Construction Wholesale and Retail Trade Hotel and Restaurants Road Transport Rail Transport & Pipelines Water Transport Air Transport Transport Services Crude Petroleum And Natural Gas Metal Ores Quarrying And Other Minerals Oil Refining Cement Food, Beverage And Tobacco Textile, Apparel And Footwear Wood And Wood Products Pulp, Paper And Paper Products Chemical, Chemical Products And Pharmaceutical Products Non-metalic Products Plastic And Rubber Products Electrical And Electronics Basic Metal, Iron And Steel Motor Vehicles & Assembly Other Manufacturing Construction Trade Accommodation and food services Road Transport Rail Transport & Pipelines Water Transport Air Transport Transport Services Post and Courier Services Telecommunications Motion Pictures, Sound recording and Misic production Publishing Broadcasting Arts, Entertainment and Recreation Financial Institutions Insurance Real Estate Administrative and Support Serives Professional, Scientific and technical services Public Administration Education#34nbs NATIONAL BUREAU OF STATISTICS e SECTION D Results from the GDP Rebasing Exercise e#358,014,577.50 33,984,754.13 Rebasing/Re-benchmarking of GDP Agriculture Industry Services Total Nominal GDP 2010 10,310,655.64 15,659,521.00 OLD SERIES (Nm) 2011 11,593,434.13 2012 2013f 13,413,842.46 14,709,104.92 16,569,291.58 9,247,134.90 37,409,860.61 16,456,457.10 15,374,554.67 10,673,800.38 12,313,106.11 40,544,099.94 42,396,765.71 NEW SERIES (Nm) 2010 2011 Agriculture Industry 12,988,809.19 14,421,928.95 2012 15,918,631.70 2013f 17,625,142.90 13,992,438.93 17,615,537.36 19,024,322.24 20,671,951.45 Services 27,223,547.01 31,221,112.69 36,243,580.95 41,925,033.96 Total Nominal GDP 54,204,795.12 63,258,579.00 71,186,534.89 80,222,128.32 Percentage change between Old and New GDP Series Sector 2010 2011 2012 2013f Agriculture 25.97 24.40 18.67 19.82 Industry -10.65 6.31 15.60 34.46 Services 239.68 237.63 239.56 240.49 Total Nominal GDP 59.50 69.10 75.58 89.22 nbs NATIONAL BUREAU OF STATISTICS#36Rebasing/Re-benchmarking of GDP 2010 2011 2012 2013 2010 2011 2012 2013f (old) (Old) (old) (Old) (new) (new) (new) (new) Agriculture 30.34 30.99 33.08 34.69 24.0 22.80 22.40 21.97 Industry 46.08 44.29 40.59 36.26 25.81 27.85 26.72 25.64 1.89 1.86 1.88 1.94 6.60 6.46 6.67 6.83 Manufacturi ng(of total) Crude oil & Nat Gas 42.68 40.86 37.01 32.43 15.50 17.52 15.89 14.40 Services 23.58 23.72 26.33 29.04 50.22 49.35 50.91 51.89 Telecommun 0.77 0.78 0.82 0.86 9.1 8.74 8.73 8.69 ications and Info services Motion 0.88 1.01 1.20 1.42 pictures, sound recording nbs and music production NATIONAL BUREAU OF STATISTICS#37Rebasing/Re-benchmarking of GDP 60.00 50.00 40.00 30.00 20.00 10.00 Sectoral Percentage Share of GDP for old and new base years AGRICULTURE INDUSTRY SERVICES nbs NATIONAL BUREAU OF STATISTICS ■NEW SERIES ■OLD SERIES#38Rebasing/Re-benchmarking of GDP 14,000,000.00 12,000,000.00 Changes in Agriculture (old and new base years) (Nm) 10,000,000.00 8,000,000.00 6,000,000.00 4,000,000.00 2,000,000.00 18,000,000.00 1. Crop Production 2. Livestock 3. Forestry 4. Fishing AGRICULTURE GDP ■New classification (ISIC rev 4.0) ■Old classification (ISIC rev 3.1) Composition of Industry (old and new base years) Nm 16,000,000.00 14,000,000.00 12,000,000.00 10,000,000.00 8,000,000.00 6,000,000.00 4,000,000.00 2,000,000.00 5. Mining and... nbs NATIONAL BUREAU OF STATISTICS 6. Manufacturing 7. Electricity... 8. Water Supply... 9. Construction INDUSTRY GDP ■New classification (ISIC rev 4.0) Old classification (ISIC rev 3.1)#397% Rebasing/Re-benchmarking of GDP Composition of Services Sector (1990 Base Year) Composition of Services Sector (2010 base year) 6% 3% 3% 4% 10. Wholesale and Retail Trade 1% 11. Hotel and 0% 1% Restaurants 0% 0% 0% 1% 2% ☐ 15. Real Estate 3% 0% 3% 3% 12. Transportation and 5% 33% storage. 6% 14. Financial Institutions 7% 58% 16% 1% nbs NATIONAL BUREAU OF STATISTICS 20. Other Services 13. Telecom, Post and Broadcasting 17. Public Administration 16. Business Services (Not Health or education) 15% 10. Trade 13. Information and Communication 16. Real Estate 19. Public Administration 22% 17. Professional, Scienti fic and Technical Services. 15. Financial Institutions#40Rebasing/Re-benchmarking of GDP REAL GDP GROWTH RATE (old vs new series) Growth at 2010 2011 2012 2013f constant basic prices (new) 5.09 6.66 7.41 Growth at 2010 constant Market Prices (new) 4.65 6.75 7.31 Growth at 1990 constant basic prices(Old) 7.43 6.58 6.89 Growth at 1990 constant Market Prices (old) 7.44 6.52 6.85 nbs NATIONAL BUREAU OF STATISTICS#41nbs Rebasing/Re-benchmarking of GDP Simple Differences btw New and Old GDP 2010 Information and Communication Trade Manufacturing Real Estate Crop Production Public Administration Professional, Scientific and Technical Services. Construction Education Financial Institutions 5.695 4.262 2.936 2.860 2.455 1.774 1.632 1.176 0771 0735 Other Services 0.592 0.547 0.291 0.248 0.166 0.132 0.070 0.031 0.013 0.011 -0.078 Human Health and Social Services. Livestock Electricity Gas, Steam and air conditioning supply Transportation and storage. Accommodation and Food Services. Water Supply and Waste Management Arts Entertainment and Recreation Administrative and Support Services. Forestry Fishing Mining and Quarrying -6.097 -8 -6 -4 -2 NATIONAL BUREAU OF STATISTICS 02468 N'Trns#42Rebasing/Re-benchmarking of GDP 11.65 8.91 Rebased (New) Series, 2010 Crop Production Trade % of GDP (2010, Rebased) 21.49 Old Series, 1990 Crop Production Mining and.. 8.45 Trade 16.44 Information.. 5.96 Mining and.. 15.60 Real Estate 4.13 Information.. 11.00 Manufacturing 3.58 Public.. 2.00 Professional, S.. 1.71 Construction 1.57 Financial.. 1.24 Livestock 0.95 Other Services 0.90 Education 0.83 Transportation.. 0.69 Human Health.. 0.56 Electricity.. 0.32 Fishing 0.25 Accommodatio.. 0.25 Forestry 0.14 Water Supply.. 0.07 Arts.. 0.03 Administrative.. 0.01 Real Estate 7.62 Manufacturing 6.60 Public.. 3.69 Professional, S.. 3.16 Construction 2.90 Financial.. 2.29 Livestock 1.76 1.66 Other Services Education 1.53 Transportation.. 1.28 Human Health.. 1.03 Electricity.. 0.58 Fishing 0.46 Accommodatio.. 0.45 Forestry 0.25 Water Supply.. 0.13 Arts.. 0.06 Administrative.. 0.02 Livestock 1.95% 1.89% Manufacturing Transportation and storage. 1.56% Financial Institutions 1.49% Construction 1.16% Fishing 0.97% Other Services 0.91% Telecom, Post and. 0.78% Public Administration 0.66% 0.37% Forestry Hotel and Restaurants 0.33% Business Services (Not.0.24% Electricity Gas, Steam and.0.20% Education 0.17% 0.04% Water Supply and Waste 0.01% Mining and Quarrying Crop Production Wholesale and retail Trade 42.82% 27.06% 13.68% Real Estate 3.73% N'Trns - 5 10 15 % of GDP0 nbs NATIONAL BUREAU OF STATISTICS 20 20 40 40 % of GDP 0.00% 10.00% 20.00% 30.00% 40.00% 50.00%#43Rebasing/Re-benchmarking of GDP % Growth Nominal GDP, 2013 Electricity, Gas, Steam and Air Conditioning Supply Motion Pictures, Sound recording and Music production Financial Institutions Arts, Entertainment And Recreation Plastic and Rubber products Coal Mining Basic metal, Iron and Steel Metal Ores Food, Beverage and Tobacco Education Water Supply, Sewerage, Waste Management and.. Cement Pulp, Paper and Paper Products Chemical and Pharmaceutical Products 44.40 7.92 7.09 17.03 16.63 16.58 16.48 Real Estate 15.96 Accommodation And Food Services Motor vehicles & assembly 5.42 15.41 Trade 15.29 Insurance 15.18 Other services 14.4. Air Transport 14.38 Professional, Scientific And Technical Services 14.30 Oil Refining Publishing, 14.09 14.06 Livestock 3.84 Fishing 13.67 Human health and social services 3.57 Administrative & Support Services Quarrying and Other Minerals 3.48 3.46 Wood and Wood Products Public Administration Water Transport 3.35 3.34 3.25 Transport Services 13.23 Electrical and Electronics 12.86 Road Transport 2.67 GDP at Basic prices 12.43 Telecommunications and Information Services Rail Transport & Pipelines Forestry Crop Production 2.25 11.99 11.97 10.37 Non-Metallic Products Post and Courier Services 7.15 6.36 2160 Other Manufacturing Construction Broadcasting Textile, Apparel and Footwear Crude Petroleum and Natural Gas 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00 45.00 50.00 nbs NATIONAL BUREAU OF STATISTICS#44NATIONAL BUREAU OF STATISTICS Comparison of Structure of GDP Select years 2009 to 2012 Select 1st country Nigeria old Select 2nd country Nigeria new Legend Agriculture Mining, construction, etc. Services and others Manufacturing 10 0 20 Share of GDP (%) 30 2010 24 nbs Source: For all but Nigeria new, 2010-2012, WDI Indicators (updated on April 4, 2014) For Nigeria new, 2010-2012, Nigeria Bureau of Statistics, April 6, 2014 100 50 70 44 00 80 Rebasing/Re-benchmarking of GDP 100 90 30 2011 2 25 42 31 2012 2 26 10 0 39 20 20 2010 J Nigeria old 33 00 Share of GDP (%) 30 40 50 2011 60 70 80 60 90 19 50 100 21 Nigeria new 23 2012 51 20 20 22#45squi NATIONAL BUREAU OF STATISTICS Source: For all but Nigeria new, 2010-2012, WDI Indicators (updated on April 4, 2014) For Nigeria new, 2010-2012, Nigeria Bureau of Statistics, April 6, 2014 0 10 10 10 10 20 20 Select 1st country Ghana Select 2nd country Nigeria new Legend Agriculture Mining, construction, etc. Services and others Manufacturing 30 Share of GDP (%) 40 10 18 50 18 18 10 31 17 ZE KO 6 10 6 49 50 18 70 Comparison of Structure of GDP Select years 2000 to 2012 11 90 90 12 12 42 7 49 12 00 8 49 7 10 3 0 M M 51 49 20 20 m 25 21 21 3 50 30 24 24 N 2 41 Ghana 100 12 19 20 Share of GDP (%) 20 26 27 29 50 37 33 60 39 41 31 70 Rebasing/Re-benchmarking of GDP 80 49 34 90 43 100 50 50 19 50 51 17 20 37 Nigeria new#46Rebasing/Re-benchmarking of GDP Comparison of Structure of GDP Select years 2009 to 2012 100 10 Select 1st country Brazil 90 90 Select 2nd country Nigeria new Legend Agriculture Mining, construction, etc. Services and others Manufacturing Share of GDP (%) 00 80 70 00 60 50 40 30 20 10 0 2010 16 nbs Source: For all but Nigeria new, 2010-2012, WDI Indicators (updated on April 4, 2014) For Nigeria new, 2010-2012, Nigeria Bureau of Statistics, April 6, 2014 NATIONAL BUREAU OF STATISTICS 2011 Brazil 15 67 10 ει 2012 89 ει 5 Share of GDP (%) 100 80 70 50 60 10 40 30 20 10 0 کے 2010 50 6L Nigeria new 9 2011 50 21 23 2012 51 20 22#47Rebasing/Re-benchmarking of GDP Comparison of Structure of GDP Select years 2009 to 2012 100 Select 1st country 90 Russian Federation Select 2nd country 80 Nigeria new Legend Agriculture Mining, construction, etc. Services and others Manufacturing 10 0 Share of GDP (%) 20 30 10 50 2010 15 nbs Source: For all but Nigeria new, 2010-2012, WDI Indicators (updated on April 4, 2014) For Nigeria new, 2010-2012, Nigeria Bureau of Statistics, April 6, 2014 NATIONAL BUREAU OF STATISTICS 60 70 61 20 20 2011 16 Russian Federation 2012 15 21 09 10 0 21 Share of GDP (%) 20 30 40 2010 50 60 70 80 100 90 90 50 19 24 2011 9 Nigeria new 50 21 23 2012 51 20 22#48nbs Comparison of Structure of GDP Select years 2009 to 2012 Rebasing/Re-benchmarking of GDP 100 Select 1st country 90 India Select 2nd country 80 Nigeria new Legend Agriculture Mining, construction, etc. Services and others Manufacturing 10 0 20 Share of GDP (%) 30 40 2010 15 Source: For all but Nigeria new, 2010-2012, WDI Indicators (updated on April 4, 2014) For Nigeria new, 2010-2012, Nigeria Bureau of Statistics, April 6, 2014 NATIONAL BUREAU OF STATISTICS 60 60 70 54 2011 14 14 13 18 2012 14 India 12 18 57 0 10 20 20 12 17 Share of GDP (%) 30 2010 40 60 50 50 70 2011 80 90 90 100 19 b 50 21 Nigeria new 2012 51 20 22#49nbs Rebasing/Re-benchmarking of GDP Comparison of Structure of GDP Select years 2009 to 2012 Select 1st country South Africa Select 2nd country Nigeria new Legend Agriculture Mining, construction, etc. Services and others Manufacturing 10 10 0 Share of GDP (%) 20 30 40 2010 14 60 Source: For all but Nigeria new, 2010-2012, WDI Indicators (updated on April 4, 2014) For Nigeria new, 2010-2012, Nigeria Bureau of Statistics, April 6, 2014 NATIONAL BUREAU OF STATISTICS 70 100 90 90 80 80 89 2011 13 16 M South Africa 2012 12 16 N 69 0 10 16 Share of GDP (%) 20 20 30 20 40 2010 50 ア 60 70 80 50 100 90 90 19 24 Nigeria new 2012 51 20 22 2011 6 50 21#50nbs Rebasing/Re-benchmarking of GDP Comparison of Structure of GDP Select years 2009 to 2012 Select 1st country Mexico Select 2nd country Nigeria new Legend Agriculture Mining, construction, etc. Services and others Manufacturing 0 10 Share of GDP (%) 20 20 30 40 D 60 2010 17 Source: For all but Nigeria new, 2010-2012, WDI Indicators (updated on April 4, 2014) For Nigeria new, 2010-2012, Nigeria Bureau of Statistics, April 6, 2014 NATIONAL BUREAU OF STATISTICS 70 80 00 100 M 90 17 2011 17 61 Mexico 19 m 2012 17 61 0 10 18 Share of GDP (%) 20 20 30 40 50 2010 50 60 70 80 80 50 100 90 19 24 2011 50 21 Nigeria new 2012 51 20 22#51nbs NATIONAL BUREAU OF STATISTICS 10 0 Source: For all but Nigeria new, 2010-2012, WDI Indicators (updated on April 4, 2014) For Nigeria new, 2010-2012, Nigeria Bureau of Statistics, April 6, 2014 2009 Comparison of Structure of GDP Select years 2009 to 2012 Select 1st country Indonesia 80 90 Select 2nd country 80 Nigeria new Legend Agriculture Mining, construction, etc. Services and others Manufacturing 20 30 Share of GDP (%) D 50 83 37 70 21 10 100 Rebasing/Re-benchmarking of GDP 15 15 Indonesia 23 14 24 38 23 15 2010 25 38 22 az 2011 2012 24 0 10 2009 2 20 20 39 30 29 2010 NO Share of GDP (%) CO CO 32 70 TO 80 80 90 100 Nigeria new 21 23 7 50 19 24 2011 (0 50 50 2012 51 20 22#52nbs Comparison of Structure of GDP Select years 2009 to 2012 Rebasing/Re-benchmarking of GDP 100 Select 1st country Thailand 90 σ) Select 2nd country 80 Nigeria new Legend Agriculture Mining, construction, etc. Services and others Manufacturing 10 0 20 Source: For all but Nigeria new, 2010-2012, WDI Indicators (updated on April 4, 2014) For Nigeria new, 2010-2012, Nigeria Bureau of Statistics, April 6, 2014 NATIONAL BUREAU OF STATISTICS 2010 Share of GDP (%) 30 40 36 60 70 43 2011 34 2012 12 44 34 の Thailand ει 10 10 0 44 20 20 2010 10 12 Share of GDP (%) 30 40 50 70 2011 6 80 90 10 100 6 50 24 LZ Nigeria new 23 2012 7 51 20 22#53sa NATIONAL BUREAU OF STATISTICS от Avg. GDP (current US$) 5T 10 Singapore Chile Egypt, Arab Rep. Nigeria old Portugal Hong Kong SAR, China Israel Finland Malaysia Colombia United Arab Emirates Nigeria New GDP Estimates, Nigeria Bureau of Statistics, April 6, 2014 Source: All but Nigeria New GDP estimates, World Bank World Development Indicators 15T Avg. GDP (current US$) от " Andorra Curacao French Polynesia Isle of Man Liechtenstein Northern Mariana Islands Somalia Virgin Islands (U.S.) Kiribati Sao Tome and Principe Dominica St. Vincent and the Grenadines Vanuatu 2010 GDP in Current US $ - Countries with Highest GDP (current US$): 226,112,800,000 Nigeria Old GDP Estimates Nigeria - New GDP Estimates (current US$): 360,644,012,770 Greece Denmark Thailand Nigeria new South Africa Argentina Austria Venezuela, RB Timor-Leste Antigua and Barbuda Belize Central African Republic 15T- 2010 GDP in Current US $ -All Countries Maldives Aruba Fiji Montenegro Guinea Malawi Niger Moldova Haiti Bahamas, The Madagascar Mozambique Papua New Guinea Rebasing/Re-benchmarking of GDP Namibia Albania Norway Iran, Islamic Rep. Sweden Belgium Poland Saudi Arabia Switzerland Indonesia Turkey Netherlands Korea, Rep. Mexico Australia Brunei Darussalam Congo, Dem Rep. Gabon Afghanistan Bosnia and Herzegovina Bolivia El Salvador Tanzania Latvia Jordan Yemen, Rep. Costa Rica Lebanon Guatemala Bulgaria Dominican Republic Oman Cuba Angola Puerto Rico Kuwait Iraq Spain Russian Federation Canada India Italy Brazil Kazakhstan Romania Philippines Chile Nigeria New GDP Estimates Nigeria Old GDP Estimates Portugal Finland United Arab Emirates United Kingdom France Germany Japan China United States Thailand Argentina Norway Belgium Switzerland Netherlands Australia Canada Brazil Germany United States#54bs NATIONAL BUREAU OF STATISTICS Avg. GDP (current US$) 5T OT Czech Republic Philippines Ireland Egypt, Arab Rep. Portugal Nigeria old Singapore Hong Kong SAR, China Chile Israel Nigeria New GDP Estimates, Nigeria Bureau of Statistics, April 6, 2014 Source: All but Nigeria New GDP estimates, World Bank World Development Indicators Andorra Avg. GDP (current US$) 10 5T Curacao French Polynesia Isle of Man Liechtenstein Northern Mariana Islands Somalia Turks and Caicos Islands Tuvalu 2011 GDP in Current US $ - Countries with Highest GDP 15T (current US$): 241,759,470,000 Nigeria - Old GDP Estimates Finland Malaysia Greece Venezuela, RB Denmark Palau Tonga Samoa Vanuatu Gambia, The Antigua and Barbuda Belize 2011 GDP in Current US $ - All Countries 15T Cabo Verde Burundi Aruba Togo Mauritania Rebasing/Re-benchmarking of GDP Colombia Thailand United Arab Emirates South Africa Nigeria new Austria Argentina Norway Belgium Iran, Islamic Rep. Poland Sweden Switzerland Saudi Arabia Turkey Netherlands Indonesia Korea, Rep. Mexico Australia Spain Canada Nigeria - New GDP Estimates (current US$): 408,805,600,000 Montenegro Malawi Rwanda Kosovo Haiti Mongolia Nicaragua Burkina Faso Mauritius Mozambique Albania Congo, Rep. Equatorial Guinea Botswana Afghanistan Nepal Estonia Tanzania Cyprus Latvia Turkmenistan Yemen, Rep. Ghana Lithuania Tunisia Slovenia Luxembourg Sudan Cuba Slovak Republic Angola Hungary Ukraine Peru Algeria India Russian Federation Italy Brazil United Kingdom France Philippines Portugal Nigeria New GDP Estimates Nigeria Old GDP Estimates Hong Kong SAR, China Finland Venezuela, RB Thailand Nigeria new Norway Poland Saudi Arabia Indonesia Australia India Germany Japan China United States Brazil Germany United States#55bs NATIONAL BUREAU OF STATISTICS от Avg. GDP (current US$) Pakistan Finland Greece Philippines Andorra Avg. GDP (current US$) E 10 5T- 10T ST Belize Cuba Faeroe Islands Guam Israel 2012 GDP in Current US $ - Countries with Highest GDP ST (current US$): 258,555,580,000 Nigeria - Old GDP Estimates Nigeria old Egypt, Arab Rep. Hong Kong SAR, China Chile Nigeria New GDP Estimates, Nigeria Bureau of Statistics, April 6, 2014 Source: All but Nigeria New GDP estimates, World Bank World Development Indicators Singapore Malaysia Denmark Thailand Libya Myanmar Oman 2012 GDP in Current US $ - All Countries 15T Sint Maarten (Dutch part) Turks and Caicos Islands West Bank and Gaza Marshall Islands Micronesia, Fed. Sts. Comoros Grenada Guinea-Bissau Seychelles Timor-Leste Cabo Verde Lesotho Eritrea Togo Barbados Suriname Kosovo Tajikistan Benin Malta Zimbabwe South Sudan Nigeria - New GDP Estimates (current US$): 453,966,810,000 Colombia Venezuela, RB South Africa Austria Nigeria new Argentina Belgium Poland Norway Sweden Switzerland Rebasing/Re-benchmarking of GDP Burkina Faso Albania Iceland Senegal Jamaica Brunei Darussalam Equatorial Guinea Nepal Zambia Saudi Arabia Netherlands Turkey Indonesia Korea, Rep. Mexico Spain Australia Canada India Trinidad and Tobago Cameroon Tanzania Turkmenistan Serbia Ethiopia Macao SAR, China Tunisia Bulgaria Sudan Sri Lanka Syrian Arab Republic Morocco Bangladesh New Zealand Czech Republic Italy Russian Federation Brazil Algeria Nigeria New GDP Estimates Nigeria Old GDP Estimates Portugal Greece Egypt, Arab Rep. Singapore Thailand United Kingdom France Germany Japan China United States South Africa Argentina Norway Saudi Arabia Indonesia Spain India Brazil Germany United States#56bs NATIONAL BUREAU OF STATISTICS OK 40 20K 40K GDP per capita (current US$) 60K Andorra Curacao French Polynesia Isle of Man Liechtenstein Northern Mariana Islands Somalia Virgin Islands (U.S.) Burundi Malawi Mozambique Sierra Leone Uganda Guinea-Bissau Zimbabwe Bangladesh 80K 120K 140K Avg. GDP per capita (current US$): 1,437 Nigeria Old GDP Estimate Benin Kenya Kyrgyz Republic Nigeria new GDP estimates - Nigeria Bureau of Statistics, April 6, 2014 Source: All but Nigeria new GDP estimate, World Bank, World Development Indicators, April 4, 2014 Mauritania Lesotho Cote d'ivoire Ghana Papua New Guinea Sudan South Sudan Bolivia Bhutan Sri Lanka Egypt, Arab Rep. Guyana Indonesia Samoa Marshall Islands Kosovo Tonga Tunisia Bosnia and Herzegovina 2010 GDP per capita (current US$) - All countries Turkmenistan Ecuador Jamaica Rebasing/Re-benchmarking of GDP Avg. GDP per capita (current US$): 2,258 Nigeria New GDP Estimate Dominican Republic Cuba St. Vincent and the Grenadine... Maldives St. Lucia South Africa Romania Lebanon Kazakhstan Palau Latvia Lithuania Chile Antigua and Barbuda Estonia Slovak Republic Saudi Arabia Bahrain Bahamas, The Greece Spain Hong Kong SAR, China United Arab Emirates Iceland Singapore Finland Netherlands Sweden Denmark Norway Monaco#57nbs NATIONAL BUREAU OF STATISTICS Vietnam Uzbekistan Papua New Guinea 500 Yemen, Rep. Source: All but Nigeria new GDP estimate, World Bank, World Development Indicators, April 4, 2014 Nigeria new GDP estimates - Nigeria Bureau of Statistics, April 6, 2014.. India Sudan Nigeria old GDP per capita (current US$) 1000 Nicaragua South Sudan Kiribati 1500 Moldova Bolivia Honduras 2500 2010 GDP per capita (current US$) - Countries around value of Nigeria 2000 Nigeria Old GDP Estimate Avg. GDP per capita (current US$): 1,437 Philippines Bhutan Nigeria new Rebasing/Re-benchmarking of GDP Nigeria new GDP Estimate Avg. GDP per capita (current US$): 2,258#58bs NATIONAL BUREAU OF STATISTICS OK 20K Andorra Curacao French Polynesia Isle of Man Liechtenstein Northern Mariana Islands Somalia Turks and Caicos Islands 40K GDP per capita (current US$) 8 60K 80K E 100K 120K 140K Avg. GDP per capita (current US$): 1,496 Nigeria Old GDP Estimate Congo, Dem Rep. Malawi Eritrea Uganda Mozambique Togo Afghanistan Nepal Mali Nigeria new GDP estimates - Nigeria Bureau of Statistics, April 6, 2014 Source: All but Nigeria new GDP estimate, World Bank, World Development Indicators, April 4, 2014 160K 2011 GDP per capita (current US$) - All countries Tajikistan Timor-Leste Kyrgyz Republic Pakistan Lao PDR Zambia Sudan Ghana Kiribati Moldova Philippines Sri Lanka Morocco Guatemala Guyana Congo, Rep. Ukraine Cabo Verde Tonga Tunisia Bosnia and Herzegovina Rebasing/Re-benchmarking of GDP Nigeria New GDP Estimate Avg. GDP per capita (current US$): 2.490 Angola Jamaica Iraq Serbia Belarus St. Vincent and the Grenadine.. Colombia Bulgaria South Africa Costa Rica Lebanon Palau Argentina Seychelles St. Kitts and Nevis Uruguay Lithuania Barbados Slovak Republic Malta Portugal Saudi Arabia Greece Spain Italy Iceland United Kingdom Belgium Austria United States Sweden Macao SAR, China Qatar Monaco#59squi NATIONAL BUREAU OF STATISTICS Sao Tome and Principe Yemen, Rep. Zambia 500 0 Nigeria old India Source: All but Nigeria new GDP estimate, World Bank, World Development Indicators, April 4, 2014 Nigeria new GDP estimates - Nigeria Bureau of Statistics, April 6, 2014.. 1000- GDP per capita (current US$) 1500 Kiribati Papua New Guinea 2500- 3000- 2000 Nigeria Old GDP Estimate Avg. GDP per capita (current US$): 1,496 South Sudan Moldova Honduras Bolivia Philippines Nigeria new Bhutan Sri Lanka Egypt, Arab Rep. 2011 GDP per capita (current US$) - Countries around value of Nigeria Micronesia, Fed. Sts. Morocco Mongolia Rebasing/Re-benchmarking of GDP Nigeria new GDP Estimate Avg. GDP per capita (current US$): 2,490#60NATIONAL BUREAU OF STATISTICS OK Andorra 10K 20K Belize Cuba Faeroe Islands Guam Israel Libya GDP per capita (current US$) 30K 40K Я 50K Myanmar Oman Sint Maarten (Dutch part) Turks and Caicos Islands West Bank and Gaza Malawi Madagascar 60K Guinea Gambia, The Togo Burkina Faso 70K 80K 90K 100K 2012 GDP per capita (current US$) - All countries Avg. GDP per capita (current US$): 1,555 Nigeria Old GDP Estimate Nepal Benin Comoros South Sudan Nigeria new GDP estimates - Nigeria Bureau of Statistics, April 6, 2014 Source: All but Nigeria new GDP estimate, World Bank, World Development Indicators, April 4, 2014 Chad Kyrgyz Republic Cote d'Ivoire Lao PDR Yemen, Rep. Ghana Nicaragua Moldova Bhutan Nigeria new Swaziland Vanuatu Guatemala Georgia Guyana Cabo Verde Rebasing/Re-benchmarking of GDP Ukraine Tunisia Bosnia and Herzegovina Serbia Nigeria New GDP Estimate Avg. GDP per capita (current US$): 2,689 Iraq Jamaica Dominican Republic Belarus Turkmenistan Montenegro Grenada Mauritius Costa Rica Mexico Palau Argentina Poland Seychelles Russian Federation Uruguay Estonia Czech Republic Bahamas, The Korea, Rep. Cyprus Italy United Kingdom Germany Finland Austria United States Denmark Switzerland Luxembourg#61squi NATIONAL BUREAU OF STATISTICS Sao Tome and Principe Lao PDR Source: All but Nigeria new GDP estimate, World Bank, World Development Indicators, April 4, 2014 Nigeria new GDP estimates - Nigeria Bureau of Statistics, April 6, 2014.. Zambia India Yemen, Rep. Nigeria old 500- Sudan Ghana Uzbekistan Kiribati Nicaragua Vietnam 1000- Solomon Islands Moldova GDP per capita (current US$) Papua New Guinea Honduras Bhutan 1500- Bolivia Philippines Nigeria new Morocco Sri Lanka Swaziland 2500 3000 2000- Nigeria Old GDP Estimate Avg. GDP per capita (current US$): 1,555 Congo, Rep. Micronesia, Fed. Sts. Vanuatu Rebasing/Re-benchmarking of GDP 2012 GDP per capita (current US$) - Countries around value of Nigeria Nigeria new GDP Estimate Avg. GDP per capita (current US$): 2,689#62Rebasing/Re-benchmarking of GDP Debt to GDP 2012(old) series Debt to GDP 2012 (new series) 19% nbs NATIONAL BUREAU OF STATISTICS 11%#63Rebasing/Re-benchmarking of GDP Relative Country Ranking HDI for 2010 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0 POL ARG VEN THA ZAF NGA Poland Argentina Venezuela, RB Thailand South Africa Nigeria nbs NATIONAL BUREAU OF STATISTICS HDI#640 Rebasing/Re-benchmarking of GDP 30 25 20 20 15 10 5 Argentina Venezuela, RB nbs NATIONAL BUREAU OF STATISTICS Thailand Unemployment Rates in 2010 Nigeria Poland South Africa ■Unemployment Rates in 2010#65bs NATIONAL BUREAU OF STATISTICS 10 Albania 1996 Jordan 2005 Moldova 2008 Paraguay 1989 Jordan 2002 Syria 2003 Ukraine 1995 Egypt 2004 Morocco 1990 Morocco 2006 20 Iraq 2006 Armenia 2004 Source: World Bank, POVCALNET and World Development Indicators 30 Poverty $1# 25 PPP 60 09 DomRep 1991 Bolivia 1990 Tunisia 1989 Morocco 2000 Sri Lanka 2006 Paraguay 2004 Paraguay 2008 Bolivia 1992 Tunisia 1984 Paraguay 2006 Bhutan 2006 Paraguay 2002 Paraguay 2000 Thailand 1989 DomRep 1988 Bolivia 2006 Sri Lanka 2001 Turkmenistan 1987 Armenia 2001 Georgia 2007 Georgia 2005 Georgia 2001 Georgia 2004 Guatemala 1997 Honduras 2006 70 Moldova 1991 Rebasing/Re-benchmarking of GDP Poverty Headcount Rates at $1.25 a day PPP For all observations where GDP per capita in PPP terms is between 2,500 and 4,500 80 ty $1.25 a day PPP: Nigeria 2010 Poverty $ 63.60 Bolivia 1996 Georgia 2002 Honduras 2000 Philippines 2008 Honduras 1996 Bolivia 2000 Philippines 1996 Bolivia 2001 Guatemala 2002 Honduras 2005 Honduras 1992 Honduras 2003 Honduras 1997 Honduras 2002 Honduras 2004 Honduras 1994 Honduras 2001 Fiji 2002 Philippines 1990 Honduras 1995 Honduras 1990 Honduras 1993 Honduras 1988 Honduras 1989 Namibia 1992 Congo, Rep 2004 Turkmenistan 1992 Swaziland 1994 Poverty $1.25 PPP: India 2009 32.67#66Rebasing/Re-benchmarking of GDP 60 60 Gini Coefficient in 2010 50 50 40 40 30 20 20 10 0 Argentina Thailand Poland Nigeria nbs NATIONAL BUREAU OF STATISTICS ■Gini Coefficient in 2010#67nbs NATIONAL BUREAU OF STATISTICS SECTION E CONCLUSION#68■ Next rebasing 2016 ■ Further refinements nbs NATIONAL BUREAU OF STATISTICS CONCLUSION GOAL A robust and efficient statistical system that produces good quality, reliable and timely statistics#69THANK YOU FOR YOUR ATTENTION! NATIONAL BUREAU OF STATISTICS Plot 762, Independence Avenue, Central Business District, Abuja. Email: [email protected] [email protected] Website :www.nigerianstat.gov.ng facebook www.facebook.com/nigerianstatistics "@nigerianstat" nbs NATIONAL BUREAU OF STATISTICS 70 0