Burkina Faso vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Burkina Faso ranked 129th with $14.1B. By GDP 5-years average growth and GDP per capita, Nigeria and Burkina Faso ranked 132nd vs 28th and 149th vs 184th, respectively.

Gross Domestic Product & Income

StatBurkina FasoNigeria
GDP$14.1B$397.3B
GDP growth, 1 year6%1.9%
GDP growth, 5-years average5.3%2%
Population19.2M190.9M
GDP per capita$715$2k
GDP per capita growth3.81%-0.67%
Purchasing Power Parity conversion factor200.22110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.360.34
GDP per capita, PPP adjusted$2k$6k
GNI, Atlas method$13.3B$384.8B
GNI per capita$670$2k
GNI, PPP adjusted$38.9B$1.1T
GNI per capita, PPP adjusted$2k$5.7k

Financial system and Human development

StatBurkina FasoNigeria
Income Tax Rate27.5%24%
Corporate Tax Rate28%30%
Inflation, consumer prices2%12.1%
Inflation, GDP deflator2.4%10.2%
Unemployment6.1%6%
Economic Freedom Index56.757.2
Personal Freedom Index7.636.01
Human Freedom Index6.846.1
Property Rights Index46.938.1
Judical Effectiveness Index42.632.2
Business Freedom Index47.654.7
Fiscal Health Index49.264.1
Labor Freedom Index52.184
Investment Freedom Index6545
Financial Freedom Index4040
Trade Freedom Index61.862.4
Monetary Freedom Index82.461.7
Government Spending Index7796.2
Tax Burden Index81.385.1
Government Integrity Index34.122.3
Corruption Perceptions Index4127
Life expectancy at birth, years60.854
Suicide mortality rate, per 100,000 people7.79.5
Mortality caused by road traffic injury, per 100,000 people30.521.4
Intentional homicides, per 100,000 people1.39.9
International tourism, number of arrivals144k5.3M

Government debt & reserves

StatBurkina FasoNigeria
Central government debt, % of GDP43%28.4%
External debt stocks, % of GNI23.4%12.4%
External debt stocks$3.3B$47B
Short-term debt, % of total reservesN/A0%
Total debt service, % of exports and primary income3.5%8.3%
Adjusted net savings including particulate emission damage, % of GNI-9%1.4%
Gross savings, % of GDP19.1%19.3%
Gross capital formation, % of GDP24.7%19.8%
Total reserves including goldN/A$42.8B
Foreign direct investment net inflows$480M$2B

Exports, imports and economic structure

StatBurkina FasoNigeria
Exports of goods and services, % of GDP30.8%15.5%
Imports of goods and services, % of GDP37.2%17.5%
Current account balance (balance of payments)-$894.1M$5.3B
Revenue excluding grants, % of GDP18.9%N/A
Grants excluding technical cooperation, BoP$720.7M$2B
Personal remittances received$455.7M$24.3B
Industry including construction value added, % of GDP19.5%25.7%
Agriculture, forestry and fishing value added, % of GDP28%21.2%
Charges for the use of intellectual property, payments BoP$438k$252.8M
Charges for the use of intellectual property, receipts BoP$725k$7.8M
Expense, % of GDP19.5%N/A
Government Expenditure, % of GDP27.7%11.2%

Compare with countries close by GDP per capita

Burkina Faso vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M

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