Ecuador vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Ecuador ranked 61st with $108.4B. By GDP 5-years average growth and GDP per capita, Nigeria and Ecuador ranked 132nd vs 150th and 149th vs 96th, respectively.

Gross Domestic Product & Income

StatEcuadorNigeria
GDP$108.4B$397.3B
GDP growth, 1 year1.1%1.9%
GDP growth, 5-years average1.2%2%
Population16.6M190.9M
GDP per capita$6.3k$2k
GDP per capita growth-0.4%-0.67%
Purchasing Power Parity conversion factor0.54110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.34
GDP per capita, PPP adjusted$12k$6k
GNI, Atlas method$104.4B$384.8B
GNI per capita$6.1k$2k
GNI, PPP adjusted$195.1B$1.1T
GNI per capita, PPP adjusted$11k$5.7k

Financial system and Human development

StatEcuadorNigeria
Income Tax Rate35%24%
Corporate Tax Rate25%30%
Inflation, consumer prices-0.2%12.1%
Inflation, GDP deflator2.5%10.2%
Unemployment3.9%6%
Economic Freedom Index51.357.2
Personal Freedom Index7.426.01
Human Freedom Index6.76.1
Property Rights Index40.438.1
Judical Effectiveness Index20.732.2
Business Freedom Index53.854.7
Fiscal Health Index62.364.1
Labor Freedom Index4884
Investment Freedom Index3545
Financial Freedom Index4040
Trade Freedom Index6662.4
Monetary Freedom Index8161.7
Government Spending Index57.996.2
Tax Burden Index77.585.1
Government Integrity Index33.422.3
Corruption Perceptions Index3427
Life expectancy at birth, years76.654
Suicide mortality rate, per 100,000 people7.19.5
Mortality caused by road traffic injury, per 100,000 people21.321.4
Intentional homicides, per 100,000 people5.89.9
International tourism, number of arrivals2.5M5.3M

Government debt & reserves

StatEcuadorNigeria
Central government debt, % of GDP46.1%28.4%
External debt stocks, % of GNI42.6%12.4%
External debt stocks$45B$47B
Short-term debt, % of total reserves34.8%0%
Total debt service, % of exports and primary income36.7%8.3%
Adjusted net savings including particulate emission damage, % of GNI11.4%1.4%
Gross savings, % of GDP25.3%19.3%
Gross capital formation, % of GDP26%19.8%
Total reserves including gold$2.2B$42.8B
Foreign direct investment net inflows$1.4B$2B

Exports, imports and economic structure

StatEcuadorNigeria
Exports of goods and services, % of GDP22.8%15.5%
Imports of goods and services, % of GDP23%17.5%
Current account balance (balance of payments)-$1.5B$5.3B
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$122.5M$2B
Personal remittances received$3B$24.3B
Industry including construction value added, % of GDP32.7%25.7%
Agriculture, forestry and fishing value added, % of GDP9.2%21.2%
Charges for the use of intellectual property, payments BoP$18.9M$252.8M
Charges for the use of intellectual property, receipts BoPN/A$7.8M
Expense, % of GDPN/AN/A
Government Expenditure, % of GDP37.5%11.2%

Compare with countries close by GDP per capita

Ecuador vs

CountryGDP
per capita
Population
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
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
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
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M

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