Brunei vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Brunei ranked 131st with $13.6B. By GDP 5-years average growth and GDP per capita, Nigeria and Brunei ranked 132nd vs 173rd and 149th vs 32nd, respectively.

Gross Domestic Product & Income

StatBruneiNigeria
GDP$13.6B$397.3B
GDP growth, 1 year-0.2%1.9%
GDP growth, 5-years average-0.9%2%
Population429k190.9M
GDP per capita$32k$2k
GDP per capita growth-0.99%-0.67%
Purchasing Power Parity conversion factor0.53110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.34
GDP per capita, PPP adjusted$80k$6k
GNI, Atlas method$12.7B$384.8B
GNI per capita$30k$2k
GNI, PPP adjusted$35.3B$1.1T
GNI per capita, PPP adjusted$82k$5.7k

Financial system and Human development

StatBruneiNigeria
Income Tax Rate0%24%
Corporate Tax Rate18.5%30%
Inflation, consumer prices0.1%12.1%
Inflation, GDP deflator9.2%10.2%
Unemployment9.2%6%
Economic Freedom Index66.657.2
Personal Freedom Index6.266.01
Human Freedom Index6.666.1
Property Rights Index69.838.1
Judical Effectiveness Index56.832.2
Business Freedom Index84.154.7
Fiscal Health Index2064.1
Labor Freedom Index90.584
Investment Freedom Index6545
Financial Freedom Index5040
Trade Freedom Index8562.4
Monetary Freedom Index77.161.7
Government Spending Index61.596.2
Tax Burden Index89.885.1
Government Integrity Index49.622.3
Corruption Perceptions Index6327
Life expectancy at birth, years75.654
Suicide mortality rate, per 100,000 people4.69.5
Mortality caused by road traffic injury, per 100,000 people821.4
Intentional homicides, per 100,000 people0.59.9
International tourism, number of arrivals278k5.3M

Government debt & reserves

StatBruneiNigeria
Central government debt, % of GDP2.5%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 GNI34.6%1.4%
Gross savings, % of GDP54.1%19.3%
Gross capital formation, % of GDP41.1%19.8%
Total reserves including gold$3.4B$42.8B
Foreign direct investment net inflows$511.5M$2B

Exports, imports and economic structure

StatBruneiNigeria
Exports of goods and services, % of GDP51.9%15.5%
Imports of goods and services, % of GDP42%17.5%
Current account balance (balance of payments)$1.1B$5.3B
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$200k$2B
Personal remittances receivedN/A$24.3B
Industry including construction value added, % of GDP63.2%25.7%
Agriculture, forestry and fishing value added, % of GDP1%21.2%
Charges for the use of intellectual property, payments BoP$19.7M$252.8M
Charges for the use of intellectual property, receipts BoPN/A$7.8M
Expense, % of GDPN/AN/A
Government Expenditure, % of GDP35.8%11.2%

Compare with countries close by GDP per capita

Brunei vs

CountryGDP
per capita
Population
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
Bahamas
$32k
395k
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
Slovakia
$19k
5.4M

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