Attention Economy


Saturday, April 12, 2014

Nigeria - Now the Largest Economy in Africa

Nigeria updates its GDP calculations:
http://www.bloomberg.com/news/2014-04-06/nigerian-economy-overtakes-south-africa-s-on-rebased-gdp.html


It is worth noting that poorer countries have much larger informal sectors than rich countries (official GDP measures of poor countries often understate the true level of economic activity)