Cameroon vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Cameroon ranked 98th with $38.7B. By GDP 5-years average growth and GDP per capita, Nigeria and Cameroon ranked 132nd vs 38th and 149th vs 158th, respectively.

Gross Domestic Product & Income

StatCameroonNigeria
GDP$38.7B$397.3B
GDP growth, 1 year4%1.9%
GDP growth, 5-years average4.8%2%
Population24.1M190.9M
GDP per capita$1.5k$2k
GDP per capita growth1.38%-0.67%
Purchasing Power Parity conversion factor225.18110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.410.34
GDP per capita, PPP adjusted$3.8k$6k
GNI, Atlas method$36.4B$384.8B
GNI per capita$1.4k$2k
GNI, PPP adjusted$93.4B$1.1T
GNI per capita, PPP adjusted$3.7k$5.7k

Financial system and Human development

StatCameroonNigeria
Income Tax Rate35%24%
Corporate Tax Rate33%30%
Inflation, consumer prices2.4%12.1%
Inflation, GDP deflator1.6%10.2%
Unemployment3.4%6%
Economic Freedom Index53.657.2
Personal Freedom Index5.836.01
Human Freedom Index5.76.1
Property Rights Index45.338.1
Judical Effectiveness Index30.832.2
Business Freedom Index4654.7
Fiscal Health Index63.764.1
Labor Freedom Index50.184
Investment Freedom Index3045
Financial Freedom Index5040
Trade Freedom Index59.662.4
Monetary Freedom Index84.161.7
Government Spending Index88.396.2
Tax Burden Index74.885.1
Government Integrity Index20.822.3
Corruption Perceptions Index2527
Life expectancy at birth, years58.554
Suicide mortality rate, per 100,000 people12.29.5
Mortality caused by road traffic injury, per 100,000 people30.121.4
Intentional homicides, per 100,000 people1.49.9
International tourism, number of arrivals1.1M5.3M

Government debt & reserves

StatCameroonNigeria
Central government debt, % of GDP37.7%28.4%
External debt stocks, % of GNI28.7%12.4%
External debt stocks$10.9B$47B
Short-term debt, % of total reserves12.5%0%
Total debt service, % of exports and primary income10.7%8.3%
Adjusted net savings including particulate emission damage, % of GNI4.5%1.4%
Gross savings, % of GDP17.5%19.3%
Gross capital formation, % of GDP22.8%19.8%
Total reserves including gold$3.5B$42.8B
Foreign direct investment net inflows$765.1M$2B

Exports, imports and economic structure

StatCameroonNigeria
Exports of goods and services, % of GDP19.3%15.5%
Imports of goods and services, % of GDP23.7%17.5%
Current account balance (balance of payments)-$1.4B$5.3B
Revenue excluding grants, % of GDP15.1%N/A
Grants excluding technical cooperation, BoP$469M$2B
Personal remittances received$333.6M$24.3B
Industry including construction value added, % of GDP25.8%25.7%
Agriculture, forestry and fishing value added, % of GDP14.4%21.2%
Charges for the use of intellectual property, payments BoP$2.3M$252.8M
Charges for the use of intellectual property, receipts BoP$8.5M$7.8M
Expense, % of GDP10.9%N/A
Government Expenditure, % of GDP19.8%11.2%

Compare with countries close by GDP per capita

Cameroon vs

CountryGDP
per capita
Population
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
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
Lesotho
$1.3k
2.23M
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

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
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
Lesotho
$1.3k
2.23M