Nigeria Sub-Saharan Africa
Lower middle income Lower middleincome Country data group 2005 2013 2013
Economic and social context Population (millions) Labor force (millions) Unemployment rate (% of labor force) GNI per capita, World Bank Atlas method ($) GDP growth, 2000–05 and 2006–13 (average annual %) Agriculture value added (% of GDP) Industry value added (% of GDP) Manufacturing value added (% of GDP) Services value added (% of GDP) Inflation (annual % change in CPI) Exchange rate (local currency units per $) Exports of goods and services (% of GDP) Imports of goods and services (% of GDP) Business environment Ease of doing business (ranking 1–189; 1=best) Time to start a business (days) Procedures to start a business (number) Time to prepare, file, and pay taxes (hours) Time to export (days) Time to resolve insolvency (years) Profit tax (% of commercial profits) New businesses registered (thousands) New business density (new regis. per 1,000 working-age pop.) Enterprise surveys Time spent dealing w/req. of gov't. reg. (% of sr. mgt. time) Firms expected to give gifts in meetings with tax officials (%) Firms competing against unregistered firms (%) Firms using banks to finance working capital (% of firms) Delay in obtaining an electrical connection (days) Internationally recognized quality certification (% of firms)
139.6 43.3 7.6 660 11.8 32.8 43.5 2.8 23.7 17.9 131.3 31.7 19.1
.. 35 9 1,120 41 2.0 .. 29.0 0.4 6.1 22.9 60.1 4.3 7.5 8.5
173.6 54.2 7.5 2,710 6.1 21.0 22.0 9.0 57.0 8.5 155.3 18.0 13.0
170 31 9 908 23 2.0 21.6 81.1 0.9 8.3 26.9 47.1 13.7 12.6 6.5
2,561 1,014 5.3 2,074 5.8 17.0 32.1 17.1 51.1
27.1 31.2
22 7 315 25 2.9 15.9 1.1
Private sector investment Invest. in infra. w/privt. part., 2000–05 and 2006–13 ($ millions) 10,924 25,974 402,668 4.4 1.1 2.1 Private foreign direct investment, net (% of GDP) 5.5 14.5 25.5 Gross fixed capital formation (% of GDP) .. .. 18.8 Gross fixed private capital formation (% of GDP) Finance and banking 28.6 10.4 .. Government debt (% of GDP) 13.9 19.2 47.1 Total financial system deposits (% of GDP) 16.0 10.3 10.3 Bank capital to asset ratio (%) 18.1 3.2 4.5 Bank nonperforming loans to total gross loans (%) 13.2 12.6 41.5 Domestic credit to the private sector (% of GDP) –3.3 10.2 Real interest rate (%) 7.4 8.8 7.1 Interest rate spread (percentage points) Infrastructure 10 52 2,437 Air transport (thousands registered carrier departures worldwide) 513 1,011 62,268 Port container traffic (thousand TEU) 129 149 736 Electric power consumption (kWh per capita) 25.2 36.4 Power outages in firms in a typical month (number) 13.3 73.3 85.2 Mobile-cellular telephone subscriptions (per 100 people) 3.5 38.0 21.2 Individuals using the Internet (%) The Little Data Book on Private Sector Development
2015
159