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Nigeria : economic indicators and trade with EU
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[Global Governance Programme]; [Knowledge, Governance, Transformations]; GlobalStat; European Parliament; At a Glance InfoGraphics; 2023/739345
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MÁCSAI, Györgyi, TIWARI, Mira Manini, Nigeria : economic indicators and trade with EU, [Global Governance Programme], [Knowledge, Governance, Transformations], GlobalStat, European Parliament, At a Glance InfoGraphics, 2023/739345 - https://hdl.handle.net/1814/75541
Abstract
Our infographic provides an insight into the economic performance of Nigeria compared to the EU, and looks at the trade dynamics between the two. GDP growth in Nigeria recovered quickly after a slight recession in 2020 during the COVID-19 pandemic. Nigeria is experiencing a growing unemployment rate combined with rising inflation. The EU is Nigeria’s largest trading partner, led by the Netherlands and Spain within the EU-27. The EU’s main service imports from Nigeria are in the transport sector (56% in 2021) and the main service exports are in the broad category of business services.