The Gross Domestic Product (GDP), report has ranked Nigeria, 31st among the most productive economies in 2022.
Gross Domestic Product (GDP), serves as the conventional gauge for assessing the total value generated from the production of goods and services within a country over a specific timeframe.
Topping the list is the United States of America, followed by China and Japan in third place.
Nations are ranked according to nominal GDP assessments by financial and statistical organisations. T
These evaluations are computed using market or official government exchange rates. Nominal GDP does not factor in variations in the cost of living across countries, and the outcomes can exhibit substantial fluctuations from year to year due to currency exchange rate fluctuations.
