Equatorial Guinea vs Nigeria: Economic Indicators Comparison
Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Equatorial Guinea ranked 132nd with $13.4B. By GDP 5-years average growth and GDP per capita, Nigeria and Equatorial Guinea ranked 132nd vs 179th and 149th vs 73rd, respectively.
Gross Domestic Product & Income
| Stat |  Equatorial Guinea |  Nigeria |
|---|---|---|
| GDP | $13.4B | $397.3B |
| GDP growth, 1 year | -5.7% | 1.9% |
| GDP growth, 5-years average | -5.6% | 2% |
| Population | 1.3M | 190.9M |
| GDP per capita | $10k | $2k |
| GDP per capita growth | -9.5% | -0.67% |
| Purchasing Power Parity conversion factor | 250.74 | 110.03 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.45 | 0.34 |
| GDP per capita, PPP adjusted | $23k | $6k |
| GNI, Atlas method | $9B | $384.8B |
| GNI per capita | $6.8k | $2k |
| GNI, PPP adjusted | $22.9B | $1.1T |
| GNI per capita, PPP adjusted | $17k | $5.7k |
Financial system and Human development
| Stat | Equatorial Guinea | Nigeria |
|---|---|---|
| Income Tax Rate | 35% | 24% |
| Corporate Tax Rate | 35% | 30% |
| Inflation, consumer prices | 1.3% | 12.1% |
| Inflation, GDP deflator | 11.2% | 10.2% |
| Unemployment | 9.2% | 6% |
| Economic Freedom Index | 48.3 | 57.2 |
| Personal Freedom Index | 6.6 | 6.01 |
| Human Freedom Index | 6.6 | 6.1 |
| Property Rights Index | 38.1 | 38.1 |
| Judical Effectiveness Index | 19.5 | 32.2 |
| Business Freedom Index | 37.5 | 54.7 |
| Fiscal Health Index | 77.2 | 64.1 |
| Labor Freedom Index | 34.2 | 84 |
| Investment Freedom Index | 40 | 45 |
| Financial Freedom Index | 30 | 40 |
| Trade Freedom Index | 48.8 | 62.4 |
| Monetary Freedom Index | 78.1 | 61.7 |
| Government Spending Index | 86.4 | 96.2 |
| Tax Burden Index | 75.1 | 85.1 |
| Government Integrity Index | 15.1 | 22.3 |
| Corruption Perceptions Index | 16 | 27 |
| Life expectancy at birth, years | 58.1 | 54 |
| Suicide mortality rate, per 100,000 people | 16.4 | 9.5 |
| Mortality caused by road traffic injury, per 100,000 people | 24.6 | 21.4 |
| Intentional homicides, per 100,000 people | 2.3 | 9.9 |
| International tourism, number of arrivals | N/A | 5.3M |
Government debt & reserves
| Stat | Equatorial Guinea | Nigeria |
|---|---|---|
| Central government debt, % of GDP | 35.9% | 28.4% |
| External debt stocks, % of GNI | N/A | 12.4% |
| External debt stocks | N/A | $47B |
| Short-term debt, % of total reserves | N/A | 0% |
| Total debt service, % of exports and primary income | N/A | 8.3% |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | 1.4% |
| Gross savings, % of GDP | N/A | 19.3% |
| Gross capital formation, % of GDP | 15.5% | 19.8% |
| Total reserves including gold | $48.9M | $42.8B |
| Foreign direct investment net inflows | $395.9M | $2B |
Exports, imports and economic structure
| Stat | Equatorial Guinea | Nigeria |
|---|---|---|
| Exports of goods and services, % of GDP | 58.1% | 15.5% |
| Imports of goods and services, % of GDP | 43.3% | 17.5% |
| Current account balance (balance of payments) | -$344M | $5.3B |
| Revenue excluding grants, % of GDP | 17.2% | N/A |
| Grants excluding technical cooperation, BoP | $7.2M | $2B |
| Personal remittances received | $164k | $24.3B |
| Industry including construction value added, % of GDP | 56.7% | 25.7% |
| Agriculture, forestry and fishing value added, % of GDP | 2.4% | 21.2% |
| Charges for the use of intellectual property, payments BoP | N/A | $252.8M |
| Charges for the use of intellectual property, receipts BoP | N/A | $7.8M |
| Expense, % of GDP | 9.8% | N/A |
| Government Expenditure, % of GDP | 21.3% | 11.2% |
