In April 2014, the National Bureau of Statistics, Nigeria, under the government of Nigeria, announced changes to the way it calculated GDP, changing the calculation to more accurately reflect current prices and market structure, thus giving more weight to Nollywood and mobile phone services that had grown a lot recently. As a result, Nigeria's estimate of its GDP increased by 89%, moving it from Africa's second biggest economy (after South Africa) to the biggest economy. These changes were known as the 2014 Nigeria GDP rebasing or simply the rebasing.[1]: viii [2][3][4][5]
^Coyle, Diane (22 September 2015). GDP: A Brief but Affectionate History. ISBN 9781400873630. Retrieved October 17, 2017.
^Blas, Javier; Wallis, William (April 7, 2014). "Nigeria almost doubles GDP in recalculation". Financial Times. Retrieved October 17, 2017.
^"Step change. Revised figures show that Nigeria is Africa's largest economy". The Economist. April 12, 2014. Retrieved October 17, 2017.
^Sy, Amadou (March 3, 2015). "Are African countries rebasing GDP in 2014 finding evidence of structural transformation?". Brookings Institution. Retrieved October 17, 2017.
^Mezue, Bryan (April 9, 2014). "Nigeria's GDP Just Doubled on Paper: What It Means in Practice". Harvard Business Review. Retrieved November 19, 2017.
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