Developing economies, like Nigeria’s, are in the process of moving from a(n) __________ to a(n) __________ economy.
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The economy of Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors.[25][citation needed] It is ranked as the 26th-largest economy in the world in terms of nominal GDP, and the 24th-largest in terms of purchasing power parity.[26] Nigeria has the largest economy in Africa; its re-emergent manufacturing sector became the largest on the continent in 2013, and it produces a large proportion of goods and services for the West African subcontinent.[27] In addition, the debt-to-GDP ratio is 16.075 percent as of 2019.[28]
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