Nigeria's import levels are at least 10 times lower than those of countries with the highest GDP ratios, a sign that the West African nation is not import dependent.
The import-to-GDP ratio is the measure of a country’s reliance on import. A higher ratio generally indicates a more open economy,
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Chisom Michael and Esther Emoekpere
Chisom Michael is a data analyst (audience engagement) and writer at BusinessDay, with diverse experience in the media industry. He holds a BSc in Industrial Physics from Imo State University and an MEng in Computer Science and Technology from Liaoning Univerisity of Technology China. He specialises in listicle writing, profiles and leveraging his skills in audience engagement analysis and data-driven insights to create compelling content that resonates with readers.
