National News
Global Economy Shifts: Nigeria rises in top 10 GDP growth contributors (Full List)
Nigeria has emerged as one of the top contributors to global economic growth in 2026, according to forecasts by the International Monetary Fund (IMF).
The nation’s performance underscores its rising influence on the global stage and reinforces its position as one of Africa’s fastest-growing economies.
The IMF projects that Nigeria will contribute approximately 1.5 per cent to global real GDP growth this year. This places the country ahead of traditional economic powers such as Germany and Brazil, highlighting the impact of Nigeria’s expanding markets, youthful population, and ongoing economic reforms.
According to the projections shared by the National Orientation Agency (NOA), the top 10 contributors to global GDP growth in 2026 are:
1. China – 26.6%
2. India – 17.0%
3. United States – 9.9%
4. Indonesia – 3.8%
5. Türkiye – 2.2%
6. Saudi Arabia – 1.7%
7. Vietnam – 1.6%
8. Nigeria – 1.5%
9. Brazil – 1.5%
10. Germany – 0.9%
Economists say Nigeria’s inclusion in the top 10 reflects the country’s growing economic resilience, its ability to attract investment, expand production capacity, and maintain structural reforms that improve the business environment.
The ranking also highlights the increasing role of emerging markets, particularly in Africa and Asia, in shaping global economic dynamics. While traditional economic powers remain influential, nations like Nigeria, Indonesia, and Vietnam are increasingly driving the direction of worldwide growth.
Nigeria’s focus on diversifying its economy beyond oil, investing in infrastructure, and leveraging its large consumer base has positioned it as a rising force in global economic development, signaling strong prospects for investors and stakeholders alike.
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