Ethiopia vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Ethiopia ranked 68th with $84.4B. By GDP 5-years average growth and GDP per capita, Nigeria and Ethiopia ranked 132nd vs 2nd and 149th vs 181st, respectively.

Gross Domestic Product & Income

StatEthiopiaNigeria
GDP$84.4B$397.3B
GDP growth, 1 year7.7%1.9%
GDP growth, 5-years average9.3%2%
Population105M190.9M
GDP per capita$772$2k
GDP per capita growth4.05%-0.67%
Purchasing Power Parity conversion factor9.97110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.380.34
GDP per capita, PPP adjusted$2.3k$6k
GNI, Atlas method$86.7B$384.8B
GNI per capita$790$2k
GNI, PPP adjusted$219.4B$1.1T
GNI per capita, PPP adjusted$2k$5.7k

Financial system and Human development

StatEthiopiaNigeria
Income Tax Rate35%24%
Corporate Tax Rate30%30%
Inflation, consumer prices13.8%12.1%
Inflation, GDP deflator12.5%10.2%
Unemployment1.8%6%
Economic Freedom Index53.657.2
Personal Freedom Index5.446.01
Human Freedom Index5.336.1
Property Rights Index36.538.1
Judical Effectiveness Index45.132.2
Business Freedom Index48.654.7
Fiscal Health Index79.264.1
Labor Freedom Index57.684
Investment Freedom Index3545
Financial Freedom Index2040
Trade Freedom Index60.862.4
Monetary Freedom Index62.761.7
Government Spending Index90.896.2
Tax Burden Index77.485.1
Government Integrity Index29.422.3
Corruption Perceptions Index3427
Life expectancy at birth, years65.954
Suicide mortality rate, per 100,000 people7.29.5
Mortality caused by road traffic injury, per 100,000 people26.721.4
Intentional homicides, per 100,000 people7.69.9
International tourism, number of arrivals849k5.3M

Government debt & reserves

StatEthiopiaNigeria
Central government debt, % of GDP61.1%28.4%
External debt stocks, % of GNI33.4%12.4%
External debt stocks$28B$47B
Short-term debt, % of total reserves18.8%0%
Total debt service, % of exports and primary income20.8%8.3%
Adjusted net savings including particulate emission damage, % of GNI9.3%1.4%
Gross savings, % of GDP33.2%19.3%
Gross capital formation, % of GDP34.1%19.8%
Total reserves including gold$4B$42.8B
Foreign direct investment net inflows$3.4B$2B

Exports, imports and economic structure

StatEthiopiaNigeria
Exports of goods and services, % of GDP8.4%15.5%
Imports of goods and services, % of GDP22.8%17.5%
Current account balance (balance of payments)-$4.6B$5.3B
Revenue excluding grants, % of GDP9%N/A
Grants excluding technical cooperation, BoP$2.4B$2B
Personal remittances received$436.3M$24.3B
Industry including construction value added, % of GDP27.3%25.7%
Agriculture, forestry and fishing value added, % of GDP31.2%21.2%
Charges for the use of intellectual property, payments BoP$26.7M$252.8M
Charges for the use of intellectual property, receipts BoP$7.8M$7.8M
Expense, % of GDP10.8%N/A
Government Expenditure, % of GDP17.5%11.2%

Compare with countries close by GDP per capita

Ethiopia vs

CountryGDP
per capita
Population
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
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
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
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M

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