![]() ![]() When compared to the corresponding quarter of 2021, capital importation decreased by 17.46% from US$1,905.89 million. The total value of capital importation into Nigeria in the first quarter of 2022 stood at US$1,573.14 million from US$2,187.63 million in the preceding quarter showing a decrease of 28.09%.Oil consumption growth was led by China (680,000 b/d) and other emerging economies, while demand fell in the OECD (-290,000 b/d). Demand for all liquid fuels (including biofuels) rose by 1.1 million b/d and topped 100 million b/d for the first time. In the third quarter of 2022, Nigeria recorded an average daily oil production of 1.20 million barrels per day (mbpd), lower than the daily average production of 1.57mbpd recorded in the same quarter of 2021 by 0.37mbpd and lower than the second quarter of 2022 production volume of 1.43 mbpd by 0.24mbpd. Oil Oil consumption grew by a below average 0.9 million barrels per day (b/d), or 0.9.Germany has the 4th largest GDP in the world. ![]() This rate was lower by 1.18% points compared to the rate recorded same quarter of 2021 and 0.50% points lower than the second quarter of 2022. GDP Nominal: 3.85 trillion GDP per Capita: 45,466 GDP Purchasing Power Parity (PPP): 4.45 trillion.
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