Eritrea vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Eritrea ranked 170th with $2.6B. By GDP 5-years average growth and GDP per capita, Nigeria and Eritrea ranked 132nd vs 79th and 149th vs 178th, respectively.

Gross Domestic Product & Income

StatEritreaNigeria
GDP$2.6B$397.3B
GDP growth, 1 year4.2%1.9%
GDP growth, 5-years average3.3%2%
Population3.5M190.9M
GDP per capita$811$2k
GDP per capita growth7.21%-0.67%
Purchasing Power Parity conversion factor5.93110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.34
GDP per capita, PPP adjusted$1.7k$6k
GNI, Atlas method$2.3B$384.8B
GNI per capita$720$2k
GNI, PPP adjusted$6.7B$1.1T
GNI per capita, PPP adjusted$2.1k$5.7k

Financial system and Human development

StatEritreaNigeria
Income Tax Rate30%24%
Corporate Tax Rate30%30%
Inflation, consumer prices9%12.1%
Inflation, GDP deflator13.3%10.2%
Unemployment6.5%6%
Economic Freedom Index38.557.2
Personal Freedom Index4.86.01
Human Freedom Index4.86.1
Property Rights Index32.538.1
Judical Effectiveness Index14.332.2
Business Freedom Index18.254.7
Fiscal Health Index064.1
Labor Freedom Index69.784
Investment Freedom Index045
Financial Freedom Index2040
Trade Freedom Index69.262.4
Monetary Freedom Index6161.7
Government Spending Index74.796.2
Tax Burden Index81.485.1
Government Integrity Index21.422.3
Corruption Perceptions Index2427
Life expectancy at birth, years65.554
Suicide mortality rate, per 100,000 people7.99.5
Mortality caused by road traffic injury, per 100,000 people25.321.4
Intentional homicides, per 100,000 people89.9
International tourism, number of arrivals142k5.3M

Government debt & reserves

StatEritreaNigeria
Central government debt, % of GDP129.4%28.4%
External debt stocks, % of GNI40.8%12.4%
External debt stocks$791.2M$47B
Short-term debt, % of total reserves16%0%
Total debt service, % of exports and primary income4.3%8.3%
Adjusted net savings including particulate emission damage, % of GNI0.5%1.4%
Gross savings, % of GDP15.8%19.3%
Gross capital formation, % of GDP10%19.8%
Total reserves including gold$114.8M$42.8B
Foreign direct investment net inflows$61M$2B

Exports, imports and economic structure

StatEritreaNigeria
Exports of goods and services, % of GDP14.4%15.5%
Imports of goods and services, % of GDP23.2%17.5%
Current account balance (balance of payments)-$104.7M$5.3B
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$82M$2B
Personal remittances received$3.3M$24.3B
Industry including construction value added, % of GDP21.8%25.7%
Agriculture, forestry and fishing value added, % of GDP14.1%21.2%
Charges for the use of intellectual property, payments BoP$281k$252.8M
Charges for the use of intellectual property, receipts BoP$94k$7.8M
Expense, % of GDPN/AN/A
Government Expenditure, % of GDP29.1%11.2%

Compare with countries close by GDP per capita

Eritrea vs

CountryGDP
per capita
Population
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M

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