COUNTRY STATISTICS

Country Statistics

In 2003 Nigeria’s gross domestic product (GDP) was $58 billion. The GDP
has varied widely, depending on the oil market: $81 billion in 1985,
$33.2 billion in 1994, $40.5 billion in 1995. In 2003 Nigeria’s GDP per
capita was only $430, among the lowest in the world and well below the
average for sub-Saharan Africa. The poor have been especially hard hit
by Nigeria’s economic problems, notably by devaluations of the
currency, which make basic imported goods, such as food, more expensive;
cutbacks in services and increases in fees for services; and a 26 percent
average.