Nigeria’s Real Gross Domestic Product (GDP) growth rate for the quarter ending June 2018 was 1.50%. This compares to a real GDP growth rate of 1.95% for the immediate past quarter ended March 2018.
This is according to data recently published by the National Bureau of Statistics.
About Real GDP
Real GDP Growth rate represents the growth in the total value of goods and services produced by a country after adjusting for inflation. A positive Real GDP Growth rate indicates that an economy is growing faster than its inflation rate.
Countries with consecutive quarters of negative Real GDP Growth rate are said to be in recession.