GDP Rebasing

Africa

Nigeria overtakes South Africa as Africa’s largest economy

Nigeria recorded 89.22 per cent growth in Gross Domestic Product (GDP) in 2013, making it the largest economy in Africa and 26th in the world. The position was previously occupied by South Africa. Dr Ngozi Okonjo-Iweala, the Coordinating Minister for the Economy and Minister of Finance, stated this on Sunday in Abuja at a  press conference on “Rebasing/Re-benchmarking of Nigeria’s…