Nigerian Bureau Of Statistics – Quarterly Gdp Report Q3 2012.

Nigerian Bureau Of Statistics – Quarterly Gdp Report Q3 2012.

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Summary

On an aggregate basis, the economy when measured by the Real Gross Domestic Product (GDP), grew by 6.48 percent in the third quarter of 2012 as against 7.37 percent in the corresponding quarter of 2011 . The average daily crude oil production stood at 2.52 million barrels per day (mbpd) in the third quarter of 2012 as against 2.38 mbpd in the corresponding quarter of 2011, according to data received from NNPC. During the period, activities of vandals and oil theft decreased as a result of intensified surveillance instituted by government in the oil producing areas. The Non-oil sector is still a major driver of the economy . The sector recorded 7.55 percent growth in real terms in the third quarter of 2012 compared with 8.76 percent in the corresponding period of 2011, indicating that growth in the Non-oil sector decreased in the third quarter of 2012 when compared with the corresponding quarter of 2011.

Source: Nigerian Bureau Of Statistics

Published: 2012

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