One of the things my book Poor Numbers suggested, tadalafil was that the rise of Africa might not be as impressive as the data tells you. The African Development Bank responded by saying there was nothing to worry about: the rise of Africa was...
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Category: GDP Revision
“Nigeria is not a poor country”
“Nigeria is not a poor country”, President Goodluck Jonathan declared earlier this month in response to a World Bank report which listed Nigeria among the five poorest countries in the world. The claim is wrong and misleading says Taiwo Obe, writing for Africa Check.
Recalculating Kenya’s GDP
Nic Cheeseman writes about the new GDP numbers in Kenya. They are not ready yet, viagra and the jump in GDP will not be as big as they were in Nigeria or Ghana. As in Nigeria and Ghana the new numbers will not make...
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A history of economic growth in Africa: why measurement matters
The GDP re-basing in Nigeria again brought measurement to the center of debates on African economic development, just like it happened when Ghana re-based their GDP in 2010. There has been more commentary in mainstream media this time around - and also a fair...
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What does Nigeria’s new GDP number actually mean?
Read my write up for African Arguments here.
Nigeria publishes new GDP numbers = Nigeria biggest economy in Africa
So it is official. The new GDP number for Nigeria was released today. It is 80.3 trillion naira for 2013. That is according to NBS this afternoon. The old GDP number was 42.4 trillion naira. The increase is bigger than per-announced and Nigeria overtakes...
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Two nice tweets on Nigerian GDP rebasing
Nigeria Rebases GDP
The announcement is expected to be made on Sunday. It has been expected any day now for almost three years, pilule so it is about time. As I documented in Poor Numbers: How We Are Misled by African Development Statistics and What to Do...
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African Economic Data and Investors
The Financial Times focus on what the recent Africa data debates means for investors. The Africa report maps that different statistical offices have reacted to the debates in quite different ways. In the blog Bottom Up Thinking the author notes that the access to...
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GDP in Ghana – Two lines
As I have discussed elsewhere (here, here and here), in 2010, Ghana changed its base year for GDP calculation from 1993 to 2006, and the cumulative effect of change in methods, base year and adding new data on economic activities meant that total GDP...
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