Dominica vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Dominica ranked 189th with $550.9M. By GDP 5-years average growth and GDP per capita, Nigeria and Dominica ranked 132nd vs 177th and 149th vs 87th, respectively.

Gross Domestic Product & Income

StatDominicaNigeria
GDP$550.9M$397.3B
GDP growth, 1 year-12%1.9%
GDP growth, 5-years average-2.8%2%
Population74k190.9M
GDP per capita$7.7k$2k
GDP per capita growth2.03%-0.67%
Purchasing Power Parity conversion factor1.87110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.690.34
GDP per capita, PPP adjusted$9.9k$6k
GNI, Atlas method$508.1M$384.8B
GNI per capita$7.1k$2k
GNI, PPP adjusted$735.4M$1.1T
GNI per capita, PPP adjusted$10k$5.7k

Financial system and Human development

StatDominicaNigeria
Income Tax Rate35%24%
Corporate Tax Rate30%30%
Inflation, consumer prices1.4%12.1%
Inflation, GDP deflator3.6%10.2%
Unemployment0%6%
Economic Freedom Index60.857.2
Personal Freedom Index6.16.01
Human Freedom Index6.16.1
Property Rights Index59.838.1
Judical Effectiveness Index62.632.2
Business Freedom Index70.454.7
Fiscal Health Index86.264.1
Labor Freedom Index60.784
Investment Freedom Index7045
Financial Freedom Index3040
Trade Freedom Index68.462.4
Monetary Freedom Index83.561.7
Government Spending Index1696.2
Tax Burden Index70.585.1
Government Integrity Index51.222.3
Corruption Perceptions Index5727
Life expectancy at birth, years76.654
Suicide mortality rate, per 100,000 people29.5
Mortality caused by road traffic injury, per 100,000 people10.921.4
Intentional homicides, per 100,000 people25.79.9
International tourism, number of arrivals63k5.3M

Government debt & reserves

StatDominicaNigeria
Central government debt, % of GDP83.1%28.4%
External debt stocks, % of GNI55.3%12.4%
External debt stocks$279.2M$47B
Short-term debt, % of total reserves6.9%0%
Total debt service, % of exports and primary income16.5%8.3%
Adjusted net savings including particulate emission damage, % of GNIN/A1.4%
Gross savings, % of GDPN/A19.3%
Gross capital formation, % of GDPN/A19.8%
Total reserves including gold$191.3M$42.8B
Foreign direct investment net inflows$13.3M$2B

Exports, imports and economic structure

StatDominicaNigeria
Exports of goods and services, % of GDP42.9%15.5%
Imports of goods and services, % of GDP65.1%17.5%
Current account balance (balance of payments)-$225.1M$5.3B
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$28.3M$2B
Personal remittances received$49.2M$24.3B
Industry including construction value added, % of GDP15.8%25.7%
Agriculture, forestry and fishing value added, % of GDP11.1%21.2%
Charges for the use of intellectual property, payments BoP$662k$252.8M
Charges for the use of intellectual property, receipts BoP$119$7.8M
Expense, % of GDPN/AN/A
Government Expenditure, % of GDP52.9%11.2%

Compare with countries close by GDP per capita

Dominica vs

CountryGDP
per capita
Population
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
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
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M

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