Argentina vs Nigeria: Economic Indicators Comparison

Argentina with a GDP of $519.9B ranked the 25th largest economy in the world, while Nigeria ranked 32nd with $397.3B. By GDP 5-years average growth and GDP per capita, Argentina and Nigeria ranked 169th vs 132nd and 66th vs 149th, respectively.

Gross Domestic Product & Income

StatArgentinaNigeria
GDP$519.9B$397.3B
GDP growth, 1 year-2.5%1.9%
GDP growth, 5-years average-0.3%2%
Population44.9M190.9M
GDP per capita$12k$2k
GDP per capita growth-3.47%-0.67%
Purchasing Power Parity conversion factor15.93110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.570.34
GDP per capita, PPP adjusted$21k$6k
GNI, Atlas method$551.2B$384.8B
GNI per capita$12k$2k
GNI, PPP adjusted$884.2B$1.1T
GNI per capita, PPP adjusted$20k$5.7k

Financial system and Human development

StatArgentinaNigeria
Income Tax Rate35%24%
Corporate Tax Rate30%30%
Inflation, consumer prices34.3%12.1%
Inflation, GDP deflator40.7%10.2%
Unemployment9.5%6%
Economic Freedom Index53.157.2
Personal Freedom Index8.196.01
Human Freedom Index7.16.1
Property Rights Index50.538.1
Judical Effectiveness Index4732.2
Business Freedom Index60.254.7
Fiscal Health Index24.764.1
Labor Freedom Index46.584
Investment Freedom Index5545
Financial Freedom Index6040
Trade Freedom Index69.262.4
Monetary Freedom Index53.761.7
Government Spending Index50.796.2
Tax Burden Index69.685.1
Government Integrity Index49.722.3
Corruption Perceptions Index4027
Life expectancy at birth, years76.454
Suicide mortality rate, per 100,000 people9.29.5
Mortality caused by road traffic injury, per 100,000 people1421.4
Intentional homicides, per 100,000 people5.19.9
International tourism, number of arrivals6.9M5.3M

Government debt & reserves

StatArgentinaNigeria
Central government debt, % of GDP86.3%28.4%
External debt stocks, % of GNI56.1%12.4%
External debt stocks$280.5B$47B
Short-term debt, % of total reserves102.1%0%
Total debt service, % of exports and primary income45%8.3%
Adjusted net savings including particulate emission damage, % of GNI5.4%1.4%
Gross savings, % of GDP15.5%19.3%
Gross capital formation, % of GDP21%19.8%
Total reserves including gold$66.2B$42.8B
Foreign direct investment net inflows$11.9B$2B

Exports, imports and economic structure

StatArgentinaNigeria
Exports of goods and services, % of GDP14.3%15.5%
Imports of goods and services, % of GDP16.4%17.5%
Current account balance (balance of payments)-$27.5B$5.3B
Revenue excluding grants, % of GDP19.4%N/A
Grants excluding technical cooperation, BoP$30.3M$2B
Personal remittances received$515.9M$24.3B
Industry including construction value added, % of GDP23%25.7%
Agriculture, forestry and fishing value added, % of GDP6.1%21.2%
Charges for the use of intellectual property, payments BoP$2B$252.8M
Charges for the use of intellectual property, receipts BoP$268.3M$7.8M
Expense, % of GDP24.3%N/A
Government Expenditure, % of GDP40.5%11.2%

Compare with countries close by GDP per capita

Argentina vs

CountryGDP
per capita
Population
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k

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