In order to have development you need growth in “capital stock, employment, investment, savings, consumption, government speeding, imports, and exports” (Economy & Growth). When one of these starts to grow the development will also start to rise. For Nigeria I am going to focus on their exports of goods and services. Nigeria’s export of goods consist of anything they send out to the world. This consist of “merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services” (Exports of Goods and Services). Starting with 2006 their export is at its highest. Every year since then their export numbers keep going down, there are two exceptions to this 2008 their exports number went up from what it was in 2007, and from 2011-2012 their export number stayed the same before dropping
In order to have development you need growth in “capital stock, employment, investment, savings, consumption, government speeding, imports, and exports” (Economy & Growth). When one of these starts to grow the development will also start to rise. For Nigeria I am going to focus on their exports of goods and services. Nigeria’s export of goods consist of anything they send out to the world. This consist of “merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services” (Exports of Goods and Services). Starting with 2006 their export is at its highest. Every year since then their export numbers keep going down, there are two exceptions to this 2008 their exports number went up from what it was in 2007, and from 2011-2012 their export number stayed the same before dropping