Despite growth by 11 percent as report by Statistics South Africa (SSA) on the country’s Gross Domestic Product (GDP), Nigeria continues to maintain its position as biggest economy in Africa.
After a comprehensive overhaul of its national accounts up to the end of the 2020 fiscal year, South Africa disclosed in the SSA that the value of her economy increased to $370 billion as a result of the rebasing exercise.
The rebasing of South Africa’s GDP coincided with the release of Nigeria’s latest GDP report, which showed a 5.01 per cent growth in the second quarter of 2021.
Nigeria economy blossom
RELATED ARTICLES
