The Bahamas vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while the Bahamas ranked 137th with $12.4B. By GDP 5-years average growth and GDP per capita, Nigeria and the Bahamas ranked 132nd vs 160th and 149th vs 31st, respectively.

Gross Domestic Product & Income

StatBahamasNigeria
GDP$12.4B$397.3B
GDP growth, 1 year2.3%1.9%
GDP growth, 5-years average0.6%2%
Population395k190.9M
GDP per capita$32k$2k
GDP per capita growth0.54%-0.67%
Purchasing Power Parity conversion factor1110.03
Price level ratio of PPP conversion factor GDP to market exchange rate10.34
GDP per capita, PPP adjusted$33k$6k
GNI, Atlas method$11.8B$384.8B
GNI per capita$31k$2k
GNI, PPP adjusted$11.7B$1.1T
GNI per capita, PPP adjusted$30k$5.7k

Financial system and Human development

StatBahamasNigeria
Income Tax Rate0%24%
Corporate Tax Rate0%30%
Inflation, consumer prices2.2%12.1%
Inflation, GDP deflator0.7%10.2%
Unemployment11.9%6%
Economic Freedom Index64.557.2
Personal Freedom Index8.326.01
Human Freedom Index7.976.1
Property Rights Index54.938.1
Judical Effectiveness Index46.432.2
Business Freedom Index6954.7
Fiscal Health Index69.264.1
Labor Freedom Index7084
Investment Freedom Index5045
Financial Freedom Index6040
Trade Freedom Index47.862.4
Monetary Freedom Index76.361.7
Government Spending Index87.496.2
Tax Burden Index96.885.1
Government Integrity Index4622.3
Corruption Perceptions Index6527
Life expectancy at birth, years73.654
Suicide mortality rate, per 100,000 people1.79.5
Mortality caused by road traffic injury, per 100,000 people13.821.4
Intentional homicides, per 100,000 people30.99.9
International tourism, number of arrivals1.6M5.3M

Government debt & reserves

StatBahamasNigeria
Central government debt, % of GDP61%28.4%
External debt stocks, % of GNIN/A12.4%
External debt stocksN/A$47B
Short-term debt, % of total reservesN/A0%
Total debt service, % of exports and primary incomeN/A8.3%
Adjusted net savings including particulate emission damage, % of GNI7.1%1.4%
Gross savings, % of GDP12.7%19.3%
Gross capital formation, % of GDP24.5%19.8%
Total reserves including gold$1.4B$42.8B
Foreign direct investment net inflows$491.4M$2B

Exports, imports and economic structure

StatBahamasNigeria
Exports of goods and services, % of GDP36.1%15.5%
Imports of goods and services, % of GDP41.3%17.5%
Current account balance (balance of payments)-$1.5B$5.3B
Revenue excluding grants, % of GDP16.4%N/A
Grants excluding technical cooperation, BoP$1.7M$2B
Personal remittances receivedN/A$24.3B
Industry including construction value added, % of GDP13%25.7%
Agriculture, forestry and fishing value added, % of GDP0.9%21.2%
Charges for the use of intellectual property, payments BoP$10.3M$252.8M
Charges for the use of intellectual property, receipts BoPN/A$7.8M
Expense, % of GDP17.9%N/A
Government Expenditure, % of GDP20.5%11.2%

Compare with countries close by GDP per capita

Bahamas vs

CountryGDP
per capita
Population
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k

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