This growth is slightly faster than projections from just a few years ago. In 2019 the population of Nigeria was 200,962,000 and the average age decreased from 23.3 in 1960 to 22.5. The life expectancy at birth should reach 66.5 (64.9 years for male and 68.1 years for females). The economy likely contracted sharply in Q2 as the Covid-19 outbreak and oil price plunge took their toll. It is 27th ranked in the world economy concerning nominal GDP. Around 2/3rds of the human population follows this faith.

Nigeria Economic Outlook. World population currently grows at 1 percent annually, having peaked at 2.1 percent in 1968. The Nigerian government is looking for control on population growth as oil, and other valuable exports shall impact a lot. Nigeria is 7th in ranking in the nation’s listing and its dependencies concerning population.Here are the largest cities in Nigeria according to the populationSince 1960, Nigeria grew to become the seventh country that is most populated on the globe. Nigeria, or the Federal Republic of Nigeria, is a nation that is situated on the west coastline of Africa. The population density of Nigeria has changed from 80.7 in 1980 to 215.1 in 2018. That annual growth rate is expected to continue declining, reaching 0.5 percent by midcentury. On average there are 7,633,021 births and 2,335,713 deaths in Nigeria per year.

Population density will go up to 450.9 people per square kilometer. But, Nigeria’s share in the total world population will vary from the current share of 2.64 percent to 4.12 percent.Males and females split are not even in Nigeria. This is more than the country by itself. Rate of natural increase is approximately 2.57 percent per year. Population of Nigeria from 1960 to 2020 (historical) From 2001 to 2010, Nigeria had the fourth highest of GDP growth rate in the world. On average there are 7,633,021 births and 2,335,713 deaths in Nigeria per year. The largest city has around 17.5 million population.As per UN information, the Nigerian population shall rise to 287,130,349 by 2050. Other ethnicities are the Tiv, the Nupe, and the Kunari. Rate of natural increase is approximately 2.57 percent per year. The population density of Nigeria has changed from 80.7 in 1980 to 215.1 in 2018. This is more than the country by itself. World Population Prospects: 2019 Revision, ( 2 ) Census reports and other statistical publications from national statistical offices, ( 3 ) Eurostat: Demographic Statistics, ( 4 ) United Nations Statistical Division. The population growth rate is 2.58% (5,087,000 residents, including 2,331,774 deaths). This indicates a decrease of –17.97% points when compared to the rate in the second quarter of 2019, and –14.67% points lower than the previous quarter growth rate of –0.27%. It is famous for its landmarks and wildlife sanctuaries. GDP Annual Growth Rate in Nigeria averaged 3.72 percent from 1982 until 2020, reaching an all time high of 19.17 percent in the fourth quarter of 2004 and a record low of -7.81 percent in the fourth quarter of 1983. Nigeria Population History . Since 1960, Nigeria grew to become the seventh country that is most populated on the globe. Five of the Nigerian cities have populations over 1 million. The population of Nigeria is expected to grow by 5,191,000 in 2020 and reach 211,447,000 in 2021. Nigeria shall have GDP rise to be highest between 2010-2050. The demographics of Nigeria constitutes of 101,628,000 women and 104,525,000 men, which means there are 1,029 men per 1000 women. For 1.04 males, there is one female estimated within the nation. Moreover, recently released labor market data showed that the unemployment rate climbed to its highest level in roughly … Nigeria contributes 2.64 percent of the global population.

Urban population has increased from 42,627,440 (34.8%) in 2000 to 106,639,000 (51.7%) in the current year. The negative growth rate of -3 per cent coupled with the 3.2 per cent population growth rate widens the inequality in the country and is a threat to its socio-economic well-being. Population growth (annual %) - Nigeria. Migration (including immigration and emigration) decreases population by 60,000 people yearly. August 25, 2020. English is the official language with Hausa, Yoruba and Igbo are other spoken languages.Nigeria’s population density is 586 individuals/mi2 or 226/km2.

The median age is 18.1 years within Nigeria.Islam and Christianity are the 2 major religions followed in Nigeria. The population of Nigeria is expected to grow by 5,191,000 in 2020 and reach 211,447,000 in 2021. 2/3rds of the others are Muslim. Ethnicity is multiple, with Hausa-Fulani outnumbering all of them. It is a gulf country which has 36 states and Abuja. Nigeria’s economy has grown 1.8 percent by 2018’s third quarter. The nation has over 500 ethnic groups, several different languages. The urban population of Nigeria is 52.0 percent or 107,112,526 individuals. Population source: ( 1 ) United Nations Population Division. Derived from total population. Sunni or Nigerian Muslims are in northern regions and contribute to 45.5 percent, whereas the rest of them are Christians who are in the southern and middle regions.The Nigerian economy is mixed, middle in income, and emerging. The petroleum sector is important in contributing to the Nigerian economy. In the second quarter of 2020, the nominal year on year growth rate of Trade stood at –14.95%. Copyright © 2020 populationof.net All rights reserved The overall land area is 351,650 mi2 or 910,770 Km2.

Migration (including immigration and emigration) decreases population by 60,000 people yearly. As far as age distribution goes, 54.1% of population (111,528,773) is 19 or younger, 43.2% of population (88,996,250) is between age 20 and 64 and 2.8% of population (5,669,208) is over 65.

In nominal terms, Other Services declined by –13.40% (year-on-year) in Q2 2020.

GDP. The Nigerian government is looking for control on population growth as oil, and other valuable exports shall impact a lot. After 65 years age, males are outnumbered by women. Secondary sources show that oil output declined steadily through the quarter in line with the OPEC+ production cut deal.

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