It depends on implementing the economic recovery and growth plan 201720, which emphasizes economic diversification. Component report world bank 2016 since 2009, insecurity in the northeast of nigeria has led to the loss of over 20,000 lives and the displacement of over two million people. The nigeria general household survey panel component ghspanel is part of a larger, regional project in subsaharan africa to improve agricultural statistics. World crude oil demand and supply were estimated at 93. Nigeria the human capital index hci database provides data at the country level for each of the components of the human capital index as well as for the overall index, disaggregated by gender.
Secondly, it summarizes the likely economic outcomes in the shorttomedium term, given the policy. The global competitiveness report 20152016 v the world economic forums global competitiveness and risks team is pleased to acknowledge and thank the following organizations as its valued partner institutes, without which the realization of the global competitiveness report 20152016 would not have been feasible. Browse the country profile section to obtain countries exports, imports and tariff statistics along with relevant development data. Abcs of idajobs and economic transformation world bank.
Accelerating sustainable and inclusive economic growth the surest path out. Report includes recalculated hdis from 1990 to 2018 using consistent series of data. These support a wide array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. This translation was not created by the world bank group and should not be considered an official. The world bank provides lowinterest loans, zero to lowinterest credits, and grants to developing countries. World bank gender equality, women economic empowerment. Each edition provides an overview of recent macroeconomic. While nigeria has made some progress in socio economic terms in recent years, its human capital development remains weak due to underinvestment and the country ranked 152 of 157 countries in the world bank s 2018 human capital index. Project distribution map nigeria economic update nigeria states scorecard pdf. Nigeria s prosperity has implications for africa and the world. Advancing social protection in a dynamic nigeria world bank. For almost 60 years, the international development association ida has taken on the most difficult and complex challenges. East asia and pacific in the time of covid19 the covid19 virus that triggered a supply shock in china has now caused a global shock. Gdp growth in nigeria lags growth in all peer countries since 2016.
Exploring the relationship between broadband and economic. The database contains 1,600 time series indicators for 217 economies and more than 40 country groups, with data for many indicators going back more than 50 years. Central bank of nigeria quarterly economic reports. The dataset diagnoses legal barriers limiting womens full economic participation and encourages policymakers to reform discriminatory laws. Economic report second quarter 2016 the central bank of nigeria quarterly economic report is designed for the dissemination of financial and economic information on the nigerian economy on current basis. Learn how the world bank group is helping countries with covid19 coronavirus. First, it reports on the key developments in the nigerian economy in the recent past chapter 1. Nigerias sustained high population growth rate will continue for the foreseeable future because of population momentum and its high birth rate.
The legal backing for monetary policy by the bank derives from the various statutes of the bank such as the cbn act of 1958 as amended in cbn decree no. May 17, 2016 the new, free world development report wdr 2016 app makes the latest world bank flagship report on digital dividends both accessible and mobile. Nigeria continues to recover from the 2016 recession, though growth is. Sustainability banking report 2016 fidelity bank nigeria. When we buy something, we spend time and money searching for it, comparing it. The 2016 report and the best of human development report office content, including publications, data, hdi rankings and related information can also be accessed on apple ios and android smartphones via a new and easy to use mobile app. World integrated trade solution wits data on export. The nigeria biannual economic update is a product of the staff of the world bank and has three broad aims. Nigeria economic growth after only gradually recovering from the 2016 recession, the economy is set to contract again this year. Datasets nigeria general household survey panel year 1. In a nutshell, the outlook for the global economy has darkened, amid slowing activity and heightened downside risks. Section 12 subsections 1 to 5, cbn act of 2007 ammended.
Debt dynamics and development finance in africa, was prepared by a team of unctad contributors, headed by junior roy davis, and composed of the following people. Creative commons attributionnoncommercialnoderivatives 3. Official symbols of united nations documents are composed of capital letters combined with numbers, as illustrated in the above citation. The data for these 11 economies are a populationweighted average for the 2 largest business cities. This issue of the icsid caseload statistics updates the profile of the icsid caseload, historically and for the calendar year 2016. Developing economies in east asia and the pacific eap, recovering from a trade war and struggling with a viral disease, now face the prospect of a.
The nigeria economic update is a world bank report series produced twice a year. Digitalization of public services reduces manual transactions and thereby can decrease the risk of. In 2016 during its first recession in 25 years, the economy contracted by 1. The nigeria economic report ner is a regular publication of the world bank. In addition to discussing global and regional prospects, this edition includes several pieces on.
February 1, 2016 old economics explains the new economy well. Bangladesh, brazil, china, india, indonesia, japan, mexico, nigeria, pakistan, the russian federation and the united states where also collected data for the second largest business city. World bank national accounts data, and oecd national accounts data files. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor.
Under the theme innovating in the digital economy, the report also examines the role of. The central bank of nigerias recent decree that banks hold loandeposit ratios of 60% bodes well for increasing lending to the real sector. Guineabissau kenya lesotho liberia libya madagascar malawi mali mauritania mauritius morocco mozambique namibia niger nigeria rwanda sao tome and principe senegal seychelles sierra leone somalia south africa south sudan sudan swaziland tanzania togo tunisia uganda zambia zimbabwe african development bank group. World development indicators wdi is the primary world bank collection of development indicators, compiled from officially recognized international sources. Human capital report 2016 reports world economic forum. Execution of this mission connects us with the goals of sustainable economic development and poverty reduction. Translationsif you create a translation of this work, please add the following disclaimer along with the attribution. The global economic prospects gep is the world banks semiannual flagship publication on the state of the world economy. World bank statement on nigeria egbe tragedy in ekiti state. No derivative worksyou may not alter, transform, or build upon. World bank east asia and pacific economic update, april 2020. The tables also include key debt ratios and the composition of external debt stocks and flows for each country.
Global report on diabetes world health organization. Women, business and the law wbl is a world bank group project that collects data on gender inequality in the law. African economic outlook 2016 african development bank. Nigeria general household survey, panel 20152016, wave 3. Nigerias population is projected to grow from more than 186 million people in 2016 to 392 million in 2050, becoming the worlds fourth most populous country. The world economic forums human capital report ranks countries on how well they are developing and deploying their talent. Gojka roglic coordinated and produced the report in collaboration with an editorial team comprising cherian varghese, leanne riley and alison harvey. Nigeria economy gdp, inflation, cpi and interest rate.
First, it reports on the key developments in the nigerian economy in. Results and performance of the world bank group 2016, as well as the inspection. Learn more about how ida works and what it has achieved explore our abcs of ida on africa, gender, conflict and fragility, climate change, jobs and economic transformation, and governance and institutions. The weo is prepared by the imf staff and has benefited from comments and suggestions by executive directors following their discussion of the report on march 28. Gross domestic product 2018 millions of ranking economy us dollars cub 64 cuba 96,851 lka 65 sri lanka 88,901 ken 66 kenya 87,908. World integrated trade solution wits software provides access to international merchandise trade, tariff and nontariff measures ntm data. This inaugural report on the global sustainable development goals sdgs is a first accounting of where the world stands at the start of our collective journey to 2030. The oil sector grew by 5 percent in 2017 after its decline throughout 2016 and up to.
Furthermore, the country continues to face massive developmental challenges, which include the need to reduce. Data are shown for developing countries that report public and publicly guaranteed external debt to the world banks debtor reporting system drs. Abstract the annual report is prepared by the executive directors of the international bank for reconstruction and development ibrd and the international development association idacollectively known as the world bankin accordance with the bylaws of the two institutions. As the worlds 7th most populous country, nigeria is home to about 177 million people and is africas largest market, with a young, growing and.
Insight report the global competitiveness report 20152016. The collapse in crude prices may hinder domestic production, battering fx and fiscal revenues and adding pressure to the. It provides the wbg with systematic feedback from national and local governments, multilateralbilateral agencies, media, academia, the private sector, and civil society in nigeria on. Ack no wl edgements 5 this report benefited from the dedication, support and expertise of a number of who staff and external collaborators. While nigeria has made some progress in socioeconomic terms in recent years, its human capital development remains weak due to underinvestment and the country ranked 152 of 157 countries in the world banks 2018 human capital index.
Nigeria digital economy diagnostic report world bank. Nigeria is highly vulnerable to the global economic disruption caused by covid19. The data from the 20102011, 201220, and 20152016 ghspanel surveys are now available for downloading free of charge. Noncommercialyou may not use this work for commercial purposes. Northeast nigeria recovery and peace building assessment. Secondly, it summarizes the staffs assessment of likely economic outcomes in the shorttomedium term, given the. The index takes a lifecourse approach to human capital, evaluating the levels of education, skills and employment available to people in five distinct age groups, starting from under 15 years to over 65 years. The report analyses selected indicators from the global indicator framework for which data are available as examples to highlight some critical gaps and challenges. The world development indicators is a compilation of relevant, highquality, and internationally comparable statistics about global development and the fight against poverty. The global information technology report 2016 features the latest iteration of the networked readiness index, which assesses the factors, policies and institutions that enable a country to fully leverage information and communication technologies icts for increased competitiveness and wellbeing. Northeast nigeria recovery and peacebuilding assessment. February 15, 2020 isabel santagostino, nisha arekapudi.
The country opinion survey in nigeria assists the world bank group wbg in gaining a better understanding of how stakeholders in nigeria perceive the wbg. Nigeria states scorecard pdf world bank nigeria audit firm assessment questionnaire. A world bank group flagship report this booklet contains the overview, as well as a list of contents, from the world development report 2016. A key regional player in west africa, nigeria accounts for about half of west africas population. The world bank forecasts global growth to slow to 2.
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