{"id":897,"date":"2019-09-03T15:11:44","date_gmt":"2019-09-03T14:11:44","guid":{"rendered":"http:\/\/rtcadvisory.com\/?p=897"},"modified":"2021-11-24T13:28:13","modified_gmt":"2021-11-24T12:28:13","slug":"q2-2019-gdp","status":"publish","type":"post","link":"https:\/\/rtcadvisory.com\/index.php\/2019\/09\/03\/q2-2019-gdp\/","title":{"rendered":"Q2 2019 GDP"},"content":{"rendered":"\n<div class=\"wp-block-file\"><a href=\"https:\/\/rtcadvisory.com\/wp-content\/uploads\/2019\/09\/GDP_Report_Q2_2019.pdf\">GDP_Report_Q2_2019<\/a><a href=\"https:\/\/rtcadvisory.com\/wp-content\/uploads\/2019\/09\/GDP_Report_Q2_2019.pdf\" class=\"wp-block-file__button\" download>Download<\/a><\/div>\n\n\n\n<p>Nigeria\u2019s Gross Domestic Product (GDP) grew by 1.94%(year-on-year) in real terms in the second quarter of Compared to the second quarter of 2018, which recorded a growth of 1.50%, the growth observed in Q2 2019 indicates an increase of 0.44% points. When compared to 2.10% (revised from 2.01% due to oil output revisions) recorded in the first quarter of 2019 however, the Q2 2019 real growth rate indicates a decline of \u20130.16% points.<\/p>\n\n\n\n<p><br>During the quarter, aggregate GDP stood at N34,944,151.61 million in nominal terms, an increase of 13.83% over the performance in the second quarter of 2018 and 9.8% over the preceding quarter. The performance observed in Q2 2019 follows an equally strong first-quarter performance and was likely aided by stability in oil output as well as the successful political transition. Overall, a total of 15 activities grew faster in Q2 2019 relative to last year, while 13 activities had higher growth rates relative to the preceding quarter. On a half-year basis, real growth in the first half of 2019 stood at 2.02%, higher than in 2018 which was 1.69%. Quarter on quarter, real GDP increased by 2.85% compared to a decline of \u201313.69% in the preceding period. For better clarity, the Nigerian economy has been classified broadly into the oil and nonoil sectors.<br><br> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nigeria\u2019s (GDP) grew by 1.94% in Q2 of 2019, a 0.44% increase from the Q2 growth of 2018(1.50%), but a decline by 0.16% points from Q1 2019 (2.10%).<\/p>\n","protected":false},"author":2,"featured_media":1036,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[16],"tags":[20],"_links":{"self":[{"href":"https:\/\/rtcadvisory.com\/index.php\/wp-json\/wp\/v2\/posts\/897"}],"collection":[{"href":"https:\/\/rtcadvisory.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rtcadvisory.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rtcadvisory.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/rtcadvisory.com\/index.php\/wp-json\/wp\/v2\/comments?post=897"}],"version-history":[{"count":2,"href":"https:\/\/rtcadvisory.com\/index.php\/wp-json\/wp\/v2\/posts\/897\/revisions"}],"predecessor-version":[{"id":1056,"href":"https:\/\/rtcadvisory.com\/index.php\/wp-json\/wp\/v2\/posts\/897\/revisions\/1056"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rtcadvisory.com\/index.php\/wp-json\/wp\/v2\/media\/1036"}],"wp:attachment":[{"href":"https:\/\/rtcadvisory.com\/index.php\/wp-json\/wp\/v2\/media?parent=897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rtcadvisory.com\/index.php\/wp-json\/wp\/v2\/categories?post=897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rtcadvisory.com\/index.php\/wp-json\/wp\/v2\/tags?post=897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}