{"id":56155,"date":"2022-02-17T17:35:36","date_gmt":"2022-02-17T16:35:36","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=56155"},"modified":"2022-02-17T17:35:36","modified_gmt":"2022-02-17T16:35:36","slug":"nigeria-recorded-3-4-gdp-growth-in-2021-nbs","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/nigeria-recorded-3-4-gdp-growth-in-2021-nbs\/","title":{"rendered":"Nigeria Recorded 3.4% GDP Growth In 2021 -NBS"},"content":{"rendered":"

 <\/p>\n

Nigeria\u2019s Gross Domestic Product grew by 3.98 per cent in the fourth quarter of 2021.<\/p>\n

This is the strongest growth since 2014, according to the second-quarter GDP report released on Thursday, by the National Bureau of Statistics.<\/p>\n

The report showed that the fourth-quarter growth accounted for annual growth of 3.40% in 2021.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

Part of the report read, \u201cNigeria Gross Domestic Product grew by 3.98 per cent (year-on-year) in real terms in the fourth quarter of 2021, showing a sustained positive growth for the fifth quarter since the recession witnessed in 2020 when output contracted by -6.10 per cent and -3.62 per cent in Q2 and Q3 of 2020 under the Covid pandemic.<\/p>\n

\u201cThe fourth quarter growth indicates a steady economic recovery accounting for annual growth of 3.40% in 2021.<\/p>\n

\u201cThe Q4 2021 growth rate was higher than the 0.11 per cent growth rate recorded in Q4 2020 by 3.87 per cent points and lower than 4.03 per cent recorded in Q3 2021 by 0.05 per cent points. Nevertheless, quarter on quarter, real GDP grew at 9.63% in Q4 2021 compared to Q3 2021, reflecting a higher economic activity than the preceding quarter.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Nigeria\u2019s Gross Domestic Product grew by 3.98 per cent in the fourth quarter of 2021.<\/p>\n","protected":false},"author":6,"featured_media":32936,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[748],"coauthors":[2391],"class_list":["post-56155","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-nbs"],"yoast_head":"\nNigeria Recorded 3.4% GDP Growth In 2021 -NBS - National Wire<\/title>\n<meta name=\"description\" content=\"Nigeria\u2019s Gross Domestic Product grew by 3.98 per cent in the fourth quarter of 2021.Nigeria\u2019s Gross Domestic Product grew by 3.98 per\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/nigeria-recorded-3-4-gdp-growth-in-2021-nbs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria Recorded 3.4% GDP Growth In 2021 -NBS - 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