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Training Data 2025

The document presents a time series dataset of various economic indicators from the Nigerian economy spanning from 1981 to 2023, including GDP, external debt, inflation, exchange rate, broad money supply, total exports, total government expenditure, and oil exports. It also outlines several econometric models that utilize these indicators to analyze government expenditure. Key variables are defined, providing context for the data presented.

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3 views2 pages

Training Data 2025

The document presents a time series dataset of various economic indicators from the Nigerian economy spanning from 1981 to 2023, including GDP, external debt, inflation, exchange rate, broad money supply, total exports, total government expenditure, and oil exports. It also outlines several econometric models that utilize these indicators to analyze government expenditure. Key variables are defined, providing context for the data presented.

Uploaded by

david.ibagere99
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Time Series Data from the Nigerian Economy

YEAR GDP EXD INF EXR M2 TEX TGE OEX


1981 139.31 2.3312 21.42 0.61 16.16 23862.9 11.4 10800.32
1982 149.05 8.8194 7.16 0.67 18.09 18976.9 11.9 8228.7
1983 158.75 10.5777 23.22 0.72 20.88 16406.2 9.6 7372.8
1984 165.85 14.8087 40.71 0.76 23.37 16266.3 9.9 9123
1985 187.83 17.3006 4.67 0.89 26.28 18783.4 13 11275.5
1986 198.12 41.4524 5.39 2.02 27.39 14904.2 16.2 9282.4
1987 244.68 100.789 10.18 4.02 33.67 48222.3 22 31378.7
1988 315.62 133.956 56.04 4.54 45.45 52638.5 27.7 32238.5
1989 414.86 240.394 50.47 7.39 47.06 88831.4 41 59688.4
1990 494.64 298.614 7.5 8.04 68.66 155604 60.3 112699.6
1991 590.06 328.454 12.7 9.91 87.50 211023.6 66.6 124630.3
1992 906.03 544.264 44.81 17.3 129.09 348762.9 92.8 220945.4
1993 1257.17 633.144 57.12 22.05 198.48 384399.5 191.2 254914.9
1994 1768.79 648.813 57.03 21.89 266.94 368848 160.9 243059.8
1995 3100.24 716.866 72.81 21.89 318.76 1705789.1 248.8 1083391.2
1996 4086.07 617.32 29.29 21.89 370.33 1872170 337.2 1448394.6
1997 4418.71 595.932 10.67 21.89 429.73 2087379.3 428.2 1379401.9
1998 4805.16 633.017 7.86 21.89 525.64 1589275.4 487.1 893640.7
1999 5482.35 2577.37 6.62 92.34 699.73 2051485.5 947.7 1381138.7
2000 7062.75 3097.38 6.94 100.8 1036.08 2930745.69 701.1 2141718.09
2001 8234.49 3176.29 18.87 111.7 1315.87 3226134.18 1018 2077052.08
2002 11501.5 3932.88 12.89 126.26 1599.49 3256873.01 1018.2 2011155.83
2003 13557 4478.33 14.03 134.37 1985.19 5168121.66 1226 3392032.26
2004 18124.1 4890.27 15.01 132.37 2263.59 6589826.81 1504.2 4807586.91
2005 23121.9 2695.07 17.89 130.6 2814.85 10047391.1 1919.7 7937877.86
2006 30375.2 451.462 8.24 128.28 4027.90 10433200 2038 7901768.64
2007 34675.9 438.891 5.38 118.21 5875.76 12221711 2450.9 8878727.22
2008 39954.2 523.254 11.6 126.48 9315.11 15980874.1 3240.8 11177366
2009 43461.5 590.437 12.4 149.69 10918.67 14086975.8 3453 9174200.04
2010 55469.4 689.837 11.8 150.48 11662.91 20175450.4 4194.6 13057662.5
2011 63713.4 896.85 10.3 158.21 13179.00 26232529.6 4712.1 17366751.4
2012 72599.6 1026.9 12 157.32 15391.22 24905882.9 4605.3 17324246.8
2013 81010 1387.33 8 157.31 17307.37 24701438.3 5185.3 16561219.2
2014 90137 1631.5 9.5 158.55 18654.27 23500941.3 4587.4 14222131.1
2015 95177.7 2111.51 9.9 193.28 19599.13 19921227.2 4988.9 9909705.44
2016 102575 3478.92 14.9 253.49 23173.26 18315978.8 5858.6 10563230.4
2017 114899 5787.51 19.5 305.79 23944.66 24792989 6456.7 15528695.6
2018 129087 7759.23 14.3 306.71 26455.41 32152440.2 7813.7 20968131.1
2019 145639 9022.42 13.74 306.95 28877.94 40360502.2 9712.2 20238224.3
2020 154252 12705.6 16.17 381 37828.88 33132784.8 10232.3 13775162.1
2021 176076 15855.2 20.4 435 44443.07 42159006.4 12164.1 23385522
2022 202365 18702.3 20.94 460 51793.63 54366681 14946.2 34067955
2023 234426 38219.8 27.96 899.89 78831.12 68890454.5 19808.4 44293666.7

1. GDP = Gross Domestic Product at Current Market Price


2. EXD = External Debt
3. TGE = Total Government Expenditure (Recurrent and Capital)
4. INF = Inflation
5. EXR = Exchange rate
6. M2 = broad money supply
7. TEX = Total Export (Oil and non-Oil)
8. OEX = Oil Export

Models
1. LNTGE = (LNOEX, LNGDP, EXR)
2. LNTGE = (LNOEX, LNEXD, EXR)
3. LNTGE = (LNOEX, LNEXD, LNM2, EXR)
4. LNTGE = (LNTIM, LNEXD, LNM2, EXR)
5. LNGDP = (LNTIM, LNEXD, LNTGE, EXR, INF)

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