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

StatEquatorial GuineaNigeria
GDP$13.4B$397.3B
GDP growth, 1 year-5.7%1.9%
GDP growth, 5-years average-5.6%2%
Population1.3M190.9M
GDP per capita$10k$2k
GDP per capita growth-9.5%-0.67%
Purchasing Power Parity conversion factor250.74110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.450.34
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

StatEquatorial GuineaNigeria
Income Tax Rate35%24%
Corporate Tax Rate35%30%
Inflation, consumer prices1.3%12.1%
Inflation, GDP deflator11.2%10.2%
Unemployment9.2%6%
Economic Freedom Index48.357.2
Personal Freedom Index6.66.01
Human Freedom Index6.66.1
Property Rights Index38.138.1
Judical Effectiveness Index19.532.2
Business Freedom Index37.554.7
Fiscal Health Index77.264.1
Labor Freedom Index34.284
Investment Freedom Index4045
Financial Freedom Index3040
Trade Freedom Index48.862.4
Monetary Freedom Index78.161.7
Government Spending Index86.496.2
Tax Burden Index75.185.1
Government Integrity Index15.122.3
Corruption Perceptions Index1627
Life expectancy at birth, years58.154
Suicide mortality rate, per 100,000 people16.49.5
Mortality caused by road traffic injury, per 100,000 people24.621.4
Intentional homicides, per 100,000 people2.39.9
International tourism, number of arrivalsN/A5.3M

Government debt & reserves

StatEquatorial GuineaNigeria
Central government debt, % of GDP35.9%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 GNIN/A1.4%
Gross savings, % of GDPN/A19.3%
Gross capital formation, % of GDP15.5%19.8%
Total reserves including gold$48.9M$42.8B
Foreign direct investment net inflows$395.9M$2B

Exports, imports and economic structure

StatEquatorial GuineaNigeria
Exports of goods and services, % of GDP58.1%15.5%
Imports of goods and services, % of GDP43.3%17.5%
Current account balance (balance of payments)-$344M$5.3B
Revenue excluding grants, % of GDP17.2%N/A
Grants excluding technical cooperation, BoP$7.2M$2B
Personal remittances received$164k$24.3B
Industry including construction value added, % of GDP56.7%25.7%
Agriculture, forestry and fishing value added, % of GDP2.4%21.2%
Charges for the use of intellectual property, payments BoPN/A$252.8M
Charges for the use of intellectual property, receipts BoPN/A$7.8M
Expense, % of GDP9.8%N/A
Government Expenditure, % of GDP21.3%11.2%

Compare with countries close by GDP per capita

Equatorial Guinea vs

CountryGDP
per capita
Population
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
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
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
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k

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