Nigeria's GDP has grown by 89% since Saturday

This item, which I have from the Economist, is one of the strangest reports I’ve seen in years.  Assessments of GDP are supposed to be regularly revised, and Nigeria has not done it in an age.  In its latest revision, the assessment of GDP has grown by 89%, making Nigeria the largest economy in Africa.  GDP per capita has risen from $1500 a year to $2688.

At the same time, Nigeria also has one of the worst rates for infant mortality in the world.  UNICEF puts the death rate for under-5s at 124 per 1000.  This is much better than it used to be – there have been improvements across most of Africa – but Nigeria’s rating is still the 9th worst in the world.  There are more important things than GDP.



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