Belize vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Belize ranked 176th with $1.9B. By GDP 5-years average growth and GDP per capita, Nigeria and Belize ranked 132nd vs 122nd and 149th vs 109th, respectively.

Gross Domestic Product & Income

StatBelizeNigeria
GDP$1.9B$397.3B
GDP growth, 1 year3%1.9%
GDP growth, 5-years average2.2%2%
Population375k190.9M
GDP per capita$4.9k$2k
GDP per capita growth1.07%-0.67%
Purchasing Power Parity conversion factor1.13110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.560.34
GDP per capita, PPP adjusted$8.5k$6k
GNI, Atlas method$1.7B$384.8B
GNI per capita$4.5k$2k
GNI, PPP adjusted$3B$1.1T
GNI per capita, PPP adjusted$7.8k$5.7k

Financial system and Human development

StatBelizeNigeria
Income Tax Rate25%24%
Corporate Tax Rate25%30%
Inflation, consumer prices0.3%12.1%
Inflation, GDP deflator-1.1%10.2%
Unemployment9.4%6%
Economic Freedom Index57.457.2
Personal Freedom Index7.46.01
Human Freedom Index7.376.1
Property Rights Index44.438.1
Judical Effectiveness Index46.432.2
Business Freedom Index60.954.7
Fiscal Health Index53.964.1
Labor Freedom Index54.384
Investment Freedom Index5545
Financial Freedom Index5040
Trade Freedom Index64.262.4
Monetary Freedom Index80.461.7
Government Spending Index66.396.2
Tax Burden Index79.585.1
Government Integrity Index33.522.3
Corruption Perceptions Index5827
Life expectancy at birth, years74.454
Suicide mortality rate, per 100,000 people4.79.5
Mortality caused by road traffic injury, per 100,000 people28.321.4
Intentional homicides, per 100,000 people37.99.9
International tourism, number of arrivals489k5.3M

Government debt & reserves

StatBelizeNigeria
Central government debt, % of GDP94.8%28.4%
External debt stocks, % of GNI76.8%12.4%
External debt stocks$1.4B$47B
Short-term debt, % of total reserves1.2%0%
Total debt service, % of exports and primary income10.1%8.3%
Adjusted net savings including particulate emission damage, % of GNI-0.9%1.4%
Gross savings, % of GDP8.5%19.3%
Gross capital formation, % of GDP19%19.8%
Total reserves including gold$294.5M$42.8B
Foreign direct investment net inflows$119.5M$2B

Exports, imports and economic structure

StatBelizeNigeria
Exports of goods and services, % of GDP57.7%15.5%
Imports of goods and services, % of GDP58%17.5%
Current account balance (balance of payments)-$154.9M$5.3B
Revenue excluding grants, % of GDP29.4%N/A
Grants excluding technical cooperation, BoP$17.1M$2B
Personal remittances received$92.5M$24.3B
Industry including construction value added, % of GDP12%25.7%
Agriculture, forestry and fishing value added, % of GDP9.6%21.2%
Charges for the use of intellectual property, payments BoP$7.9M$252.8M
Charges for the use of intellectual property, receipts BoP$2.5M$7.8M
Expense, % of GDP27.6%N/A
Government Expenditure, % of GDP33.5%11.2%

Compare with countries close by GDP per capita

Belize vs

CountryGDP
per capita
Population
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
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
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
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

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