Angola vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Angola ranked 63rd with $105.8B. By GDP 5-years average growth and GDP per capita, Nigeria and Angola ranked 132nd vs 166th and 149th vs 128th, respectively.

Gross Domestic Product & Income

StatAngolaNigeria
GDP$105.8B$397.3B
GDP growth, 1 year-1.7%1.9%
GDP growth, 5-years average0.3%2%
Population29.8M190.9M
GDP per capita$3.4k$2k
GDP per capita growth-5.29%-0.67%
Purchasing Power Parity conversion factor134.51110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.530.34
GDP per capita, PPP adjusted$6.8k$6k
GNI, Atlas method$103.8B$384.8B
GNI per capita$3.4k$2k
GNI, PPP adjusted$190B$1.1T
GNI per capita, PPP adjusted$6.2k$5.7k

Financial system and Human development

StatAngolaNigeria
Income Tax Rate17%24%
Corporate Tax Rate30%30%
Inflation, consumer prices19.6%12.1%
Inflation, GDP deflator34.8%10.2%
Unemployment7.3%6%
Economic Freedom Index52.257.2
Personal Freedom Index5.446.01
Human Freedom Index5.026.1
Property Rights Index36.938.1
Judical Effectiveness Index14.332.2
Business Freedom Index57.754.7
Fiscal Health Index71.964.1
Labor Freedom Index61.184
Investment Freedom Index3045
Financial Freedom Index4040
Trade Freedom Index66.262.4
Monetary Freedom Index59.661.7
Government Spending Index85.796.2
Tax Burden Index87.385.1
Government Integrity Index15.122.3
Corruption Perceptions Index1927
Life expectancy at birth, years60.454
Suicide mortality rate, per 100,000 people4.79.5
Mortality caused by road traffic injury, per 100,000 people23.621.4
Intentional homicides, per 100,000 people4.99.9
International tourism, number of arrivals218k5.3M

Government debt & reserves

StatAngolaNigeria
Central government debt, % of GDP88.1%28.4%
External debt stocks, % of GNI54%12.4%
External debt stocks$54.6B$47B
Short-term debt, % of total reserves15%0%
Total debt service, % of exports and primary income21.9%8.3%
Adjusted net savings including particulate emission damage, % of GNI-16.3%1.4%
Gross savings, % of GDP26.4%19.3%
Gross capital formation, % of GDP24.1%19.8%
Total reserves including gold$15.4B$42.8B
Foreign direct investment net inflows-$5.7B$2B

Exports, imports and economic structure

StatAngolaNigeria
Exports of goods and services, % of GDP29%15.5%
Imports of goods and services, % of GDP23.3%17.5%
Current account balance (balance of payments)$7.4B$5.3B
Revenue excluding grants, % of GDP16.4%N/A
Grants excluding technical cooperation, BoP$138.9M$2B
Personal remittances received$1.6M$24.3B
Industry including construction value added, % of GDP42.2%25.7%
Agriculture, forestry and fishing value added, % of GDP10%21.2%
Charges for the use of intellectual property, payments BoP$246.6M$252.8M
Charges for the use of intellectual property, receipts BoP$8.2M$7.8M
Expense, % of GDP16.7%N/A
Government Expenditure, % of GDP21.8%11.2%

Compare with countries close by GDP per capita

Angola vs

CountryGDP
per capita
Population
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M

Nigeria vs

CountryGDP
per capita
Population
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M