Denmark vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Denmark ranked 38th with $355.7B. By GDP 5-years average growth and GDP per capita, Nigeria and Denmark ranked 132nd vs 128th and 149th vs 12th, respectively.

Gross Domestic Product & Income

StatDenmarkNigeria
GDP$355.7B$397.3B
GDP growth, 1 year1.2%1.9%
GDP growth, 5-years average2%2%
Population5.8M190.9M
GDP per capita$61k$2k
GDP per capita growth1.82%-0.67%
Purchasing Power Parity conversion factor6.96110.03
Price level ratio of PPP conversion factor GDP to market exchange rate1.10.34
GDP per capita, PPP adjusted$52k$6k
GNI, Atlas method$348.6B$384.8B
GNI per capita$60k$2k
GNI, PPP adjusted$327.1B$1.1T
GNI per capita, PPP adjusted$56k$5.7k

Financial system and Human development

StatDenmarkNigeria
Income Tax Rate56%24%
Corporate Tax Rate23.5%30%
Inflation, consumer prices0.7%12.1%
Inflation, GDP deflator0.8%10.2%
Unemployment5%6%
Economic Freedom Index78.357.2
Personal Freedom Index9.496.01
Human Freedom Index8.736.1
Property Rights Index86.338.1
Judical Effectiveness Index84.632.2
Business Freedom Index88.754.7
Fiscal Health Index97.764.1
Labor Freedom Index86.284
Investment Freedom Index9045
Financial Freedom Index8040
Trade Freedom Index86.462.4
Monetary Freedom Index84.661.7
Government Spending Index19.796.2
Tax Burden Index4285.1
Government Integrity Index9322.3
Corruption Perceptions Index8827
Life expectancy at birth, years8154
Suicide mortality rate, per 100,000 people12.89.5
Mortality caused by road traffic injury, per 100,000 people421.4
Intentional homicides, per 100,000 people1.29.9
International tourism, number of arrivals12.7M5.3M

Government debt & reserves

StatDenmarkNigeria
Central government debt, % of GDP34.3%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 GNI18.3%1.4%
Gross savings, % of GDP28.7%19.3%
Gross capital formation, % of GDP23%19.8%
Total reserves including gold$70.9B$42.8B
Foreign direct investment net inflows$1.2B$2B

Exports, imports and economic structure

StatDenmarkNigeria
Exports of goods and services, % of GDP55.6%15.5%
Imports of goods and services, % of GDP49.6%17.5%
Current account balance (balance of payments)$24.8B$5.3B
Revenue excluding grants, % of GDP38.9%N/A
Grants excluding technical cooperation, BoPN/A$2B
Personal remittances received$1.4B$24.3B
Industry including construction value added, % of GDP21.2%25.7%
Agriculture, forestry and fishing value added, % of GDP1%21.2%
Charges for the use of intellectual property, payments BoP$1.6B$252.8M
Charges for the use of intellectual property, receipts BoP$3.3B$7.8M
Expense, % of GDP37.6%N/A
Government Expenditure, % of GDP51.7%11.2%

Compare with countries close by GDP per capita

Denmark vs

CountryGDP
per capita
Population
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
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
Brunei
$32k
429k

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