Nigerian Bureau Of Statistics – Quarterly Gdp Report Q3 2013.

Nigerian Bureau Of Statistics – Quarterly Gdp Report Q3 2013.

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Summary

On an aggregate basis, the economy when measured by the Real Gross Domestic Product (GDP), grew by 6.81 percent in the third quarter of 2013. This was higher than the 6.18 percent recorded in the second quarter of 2013 and 6.48 percent recorded in the corresponding quarter of 2012 The average daily production of crude oil in the third quarter of 2013 was recorded at 2.26 million barrels per day, an increase from 2.11 million barrels per day recorded in the second quarter of the year. Despite the persistent challenges facing the oil sector, the non-oil sector continues to sustain the Nigerian economy. In the third quarter of 2013, the non-oil sector recorded 7.95 percent growth in real terms compared with 7.55 percent at the corresponding period in 2012, and 7.36 percent in the second quarter of 2013

Source: Nigerian Bureau Of Statistics

Published: 2013

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