y revenues. The largely subsistence agricultural
sector has failed to keep up with rapid population growth, and Nigeria,
once a large net exporter of food, now must import food. Following the
signing of an IMF stand-by agreement in August 2000, Nigeria received a
debt-restructuring deal from the Paris Club and a $1 billion credit from
the IMF, both contingent on economic reforms. The agreement was allowed to
expire by the IMF in November 2001, however, and Nigeria appears unlikely
to receive substantial multilateral assistance in 2002. Nonetheless,
increases in foreign oil investment and oil production should push growth
over 4% in 2002.

GDP: purchasing power parity - $105.9 billion (2001 est.)

GDP - real growth rate: 3.5% (2001 est.)

GDP - per capita: purchasing power parity - $840 (2001 est.)

GDP - composition by sector: agriculture: 39% industry: 33% services:
28% (2000 est.)

Population below poverty line: 45% (2000 est.)

Household income or consumption by percentage share: lowest 10%: 1.6%
highest 10%: 40.8% (1996-97)

Distribution of family income - Gini index: 50.6 (1996-97)

Inflation rate (consumer prices): 14.9% (2001 est.)

Labor force: 66 million (1999 est.)

Labor force - by occupation: agriculture 70%, industry 10%, services 20%
(1999 est.)

Unemployment rate: 28% (1992 est.)

Budget: revenues: $3.4 billion expenditures: $3.6 billion, including
capital expenditures of $NA (2000 est.)

Industries: crude oil, coal, tin, columbite, palm oil, peanuts, cotton,
rubber, wood, hides and skins, textiles, cement and other construction
materials, food products, footwear, chemicals, fertilizer, printing,
ceramics, steel

Industrial production growth rate: -0.3% (2001 est.)

Electricity - production: 15.9 billion kWh (2000)

Electricity - production by source: fossil fuel: 64.15% hydro: 35.85%
other: 0% (2000) nuclear: 0%

Electricity - consumption: 14.768 billion kWh (2000)

Electricity - exports: 19 million kWh (2000)

Electricity - imports: 0 kWh (2000)

Agriculture - products: cocoa, peanuts, palm oil, corn, rice, sorghum,
millet, cassava (tapioca), yams, rubber; cattle, sheep, goats, pigs;
timber; fish

Exports: $20.3 billion (f.o.b., 2001 est.)

Exports - commodities: petroleum and petroleum products 95%, cocoa,
rubber

Exports - partners: US 46%, Spain 11%, India 6%, France 5%, Brazil (2000)

Imports: $13.7 billion (f.o.b., 2001 est.)

Imports - comm