Belarus vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Belarus ranked 78th with $59.7B. By GDP 5-years average growth and GDP per capita, Nigeria and Belarus ranked 132nd vs 167th and 149th vs 97th, respectively.

Gross Domestic Product & Income

StatBelarusNigeria
GDP$59.7B$397.3B
GDP growth, 1 year3%1.9%
GDP growth, 5-years average0.2%2%
Population9.4M190.9M
GDP per capita$6.3k$2k
GDP per capita growth3.19%-0.67%
Purchasing Power Parity conversion factor0.64110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.310.34
GDP per capita, PPP adjusted$20k$6k
GNI, Atlas method$53.8B$384.8B
GNI per capita$5.7k$2k
GNI, PPP adjusted$182.5B$1.1T
GNI per capita, PPP adjusted$19k$5.7k

Financial system and Human development

StatBelarusNigeria
Income Tax Rate13%24%
Corporate Tax Rate18%30%
Inflation, consumer prices4.9%12.1%
Inflation, GDP deflator11.6%10.2%
Unemployment5.7%6%
Economic Freedom Index61.757.2
Personal Freedom Index6.246.01
Human Freedom Index6.166.1
Property Rights Index63.238.1
Judical Effectiveness Index48.432.2
Business Freedom Index76.454.7
Fiscal Health Index95.464.1
Labor Freedom Index74.884
Investment Freedom Index3045
Financial Freedom Index2040
Trade Freedom Index8262.4
Monetary Freedom Index69.861.7
Government Spending Index54.196.2
Tax Burden Index88.885.1
Government Integrity Index37.422.3
Corruption Perceptions Index4427
Life expectancy at birth, years74.154
Suicide mortality rate, per 100,000 people26.29.5
Mortality caused by road traffic injury, per 100,000 people8.921.4
Intentional homicides, per 100,000 people3.69.9
International tourism, number of arrivals11.5M5.3M

Government debt & reserves

StatBelarusNigeria
Central government debt, % of GDP47.8%28.4%
External debt stocks, % of GNI67.7%12.4%
External debt stocks$38.8B$47B
Short-term debt, % of total reserves134.2%0%
Total debt service, % of exports and primary income13.5%8.3%
Adjusted net savings including particulate emission damage, % of GNI21.2%1.4%
Gross savings, % of GDP28.8%19.3%
Gross capital formation, % of GDP27.5%19.8%
Total reserves including gold$7.2B$42.8B
Foreign direct investment net inflows$1.4B$2B

Exports, imports and economic structure

StatBelarusNigeria
Exports of goods and services, % of GDP70.2%15.5%
Imports of goods and services, % of GDP69.1%17.5%
Current account balance (balance of payments)-$34.4M$5.3B
Revenue excluding grants, % of GDP29.5%N/A
Grants excluding technical cooperation, BoP$56.2M$2B
Personal remittances received$1.4B$24.3B
Industry including construction value added, % of GDP31.5%25.7%
Agriculture, forestry and fishing value added, % of GDP6.4%21.2%
Charges for the use of intellectual property, payments BoP$178.6M$252.8M
Charges for the use of intellectual property, receipts BoP$66.1M$7.8M
Expense, % of GDP29.3%N/A
Government Expenditure, % of GDP39.1%11.2%

Compare with countries close by GDP per capita

Belarus vs

CountryGDP
per capita
Population
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M

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