China vs Nigeria: Economic Indicators Comparison

China with a GDP of $13.6T ranked the 2nd largest economy in the world, while Nigeria ranked 32nd with $397.3B. By GDP 5-years average growth and GDP per capita, China and Nigeria ranked 12th vs 132nd and 76th vs 149th, respectively.

Gross Domestic Product & Income

StatChinaNigeria
GDP$13.6T$397.3B
GDP growth, 1 year6.6%1.9%
GDP growth, 5-years average6.9%2%
Population1.4B190.9M
GDP per capita$9.8k$2k
GDP per capita growth6.08%-0.67%
Purchasing Power Parity conversion factor3.54110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.34
GDP per capita, PPP adjusted$18k$6k
GNI, Atlas method$13.2T$384.8B
GNI per capita$9.5k$2k
GNI, PPP adjusted$25.3T$1.1T
GNI per capita, PPP adjusted$18k$5.7k

Financial system and Human development

StatChinaNigeria
Income Tax Rate45%24%
Corporate Tax Rate25%30%
Inflation, consumer prices2.1%12.1%
Inflation, GDP deflator2.9%10.2%
Unemployment4.4%6%
Economic Freedom Index59.557.2
Personal Freedom Index66.01
Human Freedom Index6.116.1
Property Rights Index60.938.1
Judical Effectiveness Index76.332.2
Business Freedom Index76.854.7
Fiscal Health Index67.564.1
Labor Freedom Index64.484
Investment Freedom Index2045
Financial Freedom Index2040
Trade Freedom Index72.462.4
Monetary Freedom Index71.161.7
Government Spending Index67.996.2
Tax Burden Index70.485.1
Government Integrity Index4622.3
Corruption Perceptions Index3927
Life expectancy at birth, years76.554
Suicide mortality rate, per 100,000 people9.79.5
Mortality caused by road traffic injury, per 100,000 people18.221.4
Intentional homicides, per 100,000 people0.69.9
International tourism, number of arrivals62.9M5.3M

Government debt & reserves

StatChinaNigeria
Central government debt, % of GDP50.5%28.4%
External debt stocks, % of GNI14.5%12.4%
External debt stocks$2T$47B
Short-term debt, % of total reserves38.5%0%
Total debt service, % of exports and primary income8.2%8.3%
Adjusted net savings including particulate emission damage, % of GNI20.1%1.4%
Gross savings, % of GDP46.3%19.3%
Gross capital formation, % of GDP44.1%19.8%
Total reserves including gold$3.2T$42.8B
Foreign direct investment net inflows$203.5B$2B

Exports, imports and economic structure

StatChinaNigeria
Exports of goods and services, % of GDP19.5%15.5%
Imports of goods and services, % of GDP18.7%17.5%
Current account balance (balance of payments)$49.1B$5.3B
Revenue excluding grants, % of GDP15.8%N/A
Grants excluding technical cooperation, BoP$191.6M$2B
Personal remittances received$24.3B$24.3B
Industry including construction value added, % of GDP40.7%25.7%
Agriculture, forestry and fishing value added, % of GDP7.2%21.2%
Charges for the use of intellectual property, payments BoP$35.8B$252.8M
Charges for the use of intellectual property, receipts BoP$5.6B$7.8M
Expense, % of GDPN/AN/A
Government Expenditure, % of GDP32.7%11.2%

Compare with countries close by GDP per capita

China vs

CountryGDP
per capita
Population
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
Kazakhstan
$9.8k
18.3M
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M

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