Gabon vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Gabon ranked 121st with $16.9B. By GDP 5-years average growth and GDP per capita, Nigeria and Gabon ranked 132nd vs 116th and 149th vs 86th, respectively.

Gross Domestic Product & Income

StatGabonNigeria
GDP$16.9B$397.3B
GDP growth, 1 year1.2%1.9%
GDP growth, 5-years average2.4%2%
Population2M190.9M
GDP per capita$8k$2k
GDP per capita growth-1.76%-0.67%
Purchasing Power Parity conversion factor247.23110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.440.34
GDP per capita, PPP adjusted$18k$6k
GNI, Atlas method$14.5B$384.8B
GNI per capita$6.8k$2k
GNI, PPP adjusted$35.4B$1.1T
GNI per capita, PPP adjusted$17k$5.7k

Financial system and Human development

StatGabonNigeria
Income Tax Rate35%24%
Corporate Tax Rate30%30%
Inflation, consumer prices4.8%12.1%
Inflation, GDP deflator7.1%10.2%
Unemployment19.5%6%
Economic Freedom Index56.757.2
Personal Freedom Index5.766.01
Human Freedom Index5.796.1
Property Rights Index36.938.1
Judical Effectiveness Index20.832.2
Business Freedom Index52.154.7
Fiscal Health Index88.964.1
Labor Freedom Index52.384
Investment Freedom Index6045
Financial Freedom Index4040
Trade Freedom Index51.262.4
Monetary Freedom Index77.361.7
Government Spending Index89.396.2
Tax Burden Index74.385.1
Government Integrity Index36.722.3
Corruption Perceptions Index3127
Life expectancy at birth, years65.854
Suicide mortality rate, per 100,000 people7.19.5
Mortality caused by road traffic injury, per 100,000 people23.221.4
Intentional homicides, per 100,000 people89.9
International tourism, number of arrivals269k5.3M

Government debt & reserves

StatGabonNigeria
Central government debt, % of GDP58.2%28.4%
External debt stocks, % of GNI43%12.4%
External debt stocks$6.8B$47B
Short-term debt, % of total reserves14.2%0%
Total debt service, % of exports and primary income7.7%8.3%
Adjusted net savings including particulate emission damage, % of GNI8.9%1.4%
Gross savings, % of GDP38.4%19.3%
Gross capital formation, % of GDP21.8%19.8%
Total reserves including gold$1.3B$42.8B
Foreign direct investment net inflows$845.8M$2B

Exports, imports and economic structure

StatGabonNigeria
Exports of goods and services, % of GDP50.5%15.5%
Imports of goods and services, % of GDP21.5%17.5%
Current account balance (balance of payments)$141M$5.3B
Revenue excluding grants, % of GDP16.8%N/A
Grants excluding technical cooperation, BoP$20.1M$2B
Personal remittances received$18.5M$24.3B
Industry including construction value added, % of GDP48.8%25.7%
Agriculture, forestry and fishing value added, % of GDP5.4%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 GDP13.7%N/A
Government Expenditure, % of GDP18.9%11.2%

Compare with countries close by GDP per capita

Gabon vs

CountryGDP
per capita
Population
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
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
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
Ecuador
$6.3k
16.6M
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

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