Nigeria's GDP grew in third quarter 2019 - NBS - Premium Times Nigeria

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Nigeria’s GDP grew in third quarter 2019 – NBS

, says Nigeria’s Gross Domestic Product grew by 2.28 per cent in real terms in the third quarter of 2019.It explained that when compared to the third quarter of 2018, which recorded a growth of 1.81 per cent, the real GDP growth rate observed in the third quarter of 2019 indicated an increase of 0.47 per cent points.

“In the quarter under review, aggregate GDP stood at N37,806 million in nominal terms. This performance is higher compared to the aggregate of N33,368 million recorded in the third quarter of 2018. “For better clarity, the Nigerian economy has been classified broadly into the oil and non-oil sectors,’’ it explained.The NBS said agriculture which had four sub-activities made up the agriculture sector like crop production, livestock, forestry and fishing grew by 14.88 per cent year on year in nominal terms.

 

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