Chile vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Chile ranked 42nd with $298.2B. By GDP 5-years average growth and GDP per capita, Nigeria and Chile ranked 132nd vs 123rd and 149th vs 59th, respectively.

Gross Domestic Product & Income

StatChileNigeria
GDP$298.2B$397.3B
GDP growth, 1 year4%1.9%
GDP growth, 5-years average2.2%2%
Population18.1M190.9M
GDP per capita$16k$2k
GDP per capita growth2.59%-0.67%
Purchasing Power Parity conversion factor404.85110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.630.34
GDP per capita, PPP adjusted$26k$6k
GNI, Atlas method$274.8B$384.8B
GNI per capita$15k$2k
GNI, PPP adjusted$453B$1.1T
GNI per capita, PPP adjusted$24k$5.7k

Financial system and Human development

StatChileNigeria
Income Tax Rate35%24%
Corporate Tax Rate27%30%
Inflation, consumer prices2.3%12.1%
Inflation, GDP deflator2%10.2%
Unemployment7.2%6%
Economic Freedom Index76.857.2
Personal Freedom Index8.46.01
Human Freedom Index8.116.1
Property Rights Index69.938.1
Judical Effectiveness Index61.132.2
Business Freedom Index7554.7
Fiscal Health Index90.564.1
Labor Freedom Index64.784
Investment Freedom Index8545
Financial Freedom Index7040
Trade Freedom Index8962.4
Monetary Freedom Index85.261.7
Government Spending Index80.896.2
Tax Burden Index76.485.1
Government Integrity Index73.422.3
Corruption Perceptions Index6727
Life expectancy at birth, years79.954
Suicide mortality rate, per 100,000 people10.69.5
Mortality caused by road traffic injury, per 100,000 people12.521.4
Intentional homicides, per 100,000 people4.39.9
International tourism, number of arrivals5.7M5.3M

Government debt & reserves

StatChileNigeria
Central government debt, % of GDP25.6%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 GNI3.6%1.4%
Gross savings, % of GDP19.5%19.3%
Gross capital formation, % of GDP22.7%19.8%
Total reserves including gold$39.9B$42.8B
Foreign direct investment net inflows$6.1B$2B

Exports, imports and economic structure

StatChileNigeria
Exports of goods and services, % of GDP28.8%15.5%
Imports of goods and services, % of GDP28.7%17.5%
Current account balance (balance of payments)-$9.2B$5.3B
Revenue excluding grants, % of GDP22%N/A
Grants excluding technical cooperation, BoP$25.2M$2B
Personal remittances received$66.1M$24.3B
Industry including construction value added, % of GDP30%25.7%
Agriculture, forestry and fishing value added, % of GDP3.6%21.2%
Charges for the use of intellectual property, payments BoP$1.8B$252.8M
Charges for the use of intellectual property, receipts BoP$46.2M$7.8M
Expense, % of GDP22.4%N/A
Government Expenditure, % of GDP25.3%11.2%

Compare with countries close by GDP per capita

Chile vs

CountryGDP
per capita
Population
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k

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