Chart 2: PercentRealDomesticEconomic GrowthRate ... After going through two years of sub-par growthrealeconomic growth began a rebound in 2003 led by the agriculture sector (Chart 2).
Key macroeconomic and fiscal assumptions RealGDP growth (percent) Average nominal interest rate on forex debt (percent) Average real interest rate on domestic ... Inflation rate (GDP deflator, percent) Growth of real primary spending (deflated by GDP
Table 2.2 Nigerian Economic and Market Indicators KEY INDICATORS Gross domestic Product (GDP) at current market price (N’tri) RealGDP growthRate (%)* Oil sector GDP GrowthRate (%) Non-oil sector GDP growthRate (%)* Inflation Rate (Year-on-Year ... Market Association of Nigeria (MMAN) indicates that the Average Prime Lending rate ... The Average interest rate on savings account stood at 3.54% in March 2008 marginally down from 3.59% as at March 2007 while the average interest rate on Time Deposit (12
that the country’s long-term growth momentum remains intact, with realGDP growth exceeding 6 percent for the third successive year (see Figure 2.1: Re al GDP GrowthGrowth T arget Figure 2.1). While the 6.6 percentrealGDP growth for FY06 is relatively weaker ... registered 4.3 percentgrowth during FY06 against the annual target of 7.2 percent, and considerably below the 9.2 percentgrowth Figure 2.1: Re al GDP GrowthGrowth T arget Third ... sector exhibited a remarkable 8.8 percentgrowth during FY06, higher than both
The average annual growthrate of real gross domestic product (GDP) was an impressive 5 ... since then, with two minor and two major recessions. The annual realGDP growth averaged 3.7 percent ... such as the IMF. Also, the real increase in industrial value added was above the GDP growth
The third indicator of exchange rate pressure is growth in real government ... before a devaluation. In the year 2000, real government expenditures growth has again ... even though Mexico’s real exchange rate has appreciated. And, again, recall
Real gross domestic product (2000 CW* $, percent change) Personal consumption ... but economic growth should start to pick up in late 2008 (Figure ECO-03). ... Federal funds rate (percent) Personal income (percent change) Corporate profits before
The comparably weak growthrates in world trade during 2001 and 2002 ... moderate rates in the medium to long term. The early upswing in trade flows in 2002 took place in a difficult global environment: Economic activity was depressed and global ... World Trade value change to previous year in % 20031) Exports World USA EU Euro-zone Japan China OECD developing countries Imports World USA EU Euro area Japan China OECD developing countries 1) Estimate, based on the first three quarters 2003
the domestic debt which has accumulated at an unsustainable rate, thus, increasing the domesticreal interest rates. Issuing domestic debt at such a high real interest rates ... 4.4 The Impact of GDP Growth The greater is GDP growth, the greater the debt that can ... Table 4: Impact of GDP Growth FINANCEABLE DEFICIT(% of GDP) 6% GDP Growth 3% GDP Growth Inflation (%) 9 %GDP Growth Actual Deficit
of capital relative to labor. RealGDP growth surged to an estimated 5.0% annual rate ... and the direction of the economy over the near term. Realgrowth needs to be sustained at a rate higher than that of the growth of productivity (output per person hour) long enough ... Contributions to Percent Change in Real Gross Domestic Product (GDP) and RealGDP Growth* (in percent, quarterly 2003-2004) Personal consumption Government Inventories Fixed investment Net exports GDP growth 1Q03 2Q03 Source: Bureau of Economic