Georgia vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Georgia ranked 119th with $17.6B. By GDP 5-years average growth and GDP per capita, Nigeria and Georgia ranked 132nd vs 54th and 149th vs 111th, respectively.

Gross Domestic Product & Income

StatGeorgiaNigeria
GDP$17.6B$397.3B
GDP growth, 1 year4.7%1.9%
GDP growth, 5-years average4%2%
Population3.7M190.9M
GDP per capita$4.7k$2k
GDP per capita growth4.72%-0.67%
Purchasing Power Parity conversion factor1110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.34
GDP per capita, PPP adjusted$11k$6k
GNI, Atlas method$16.6B$384.8B
GNI per capita$4.4k$2k
GNI, PPP adjusted$42.9B$1.1T
GNI per capita, PPP adjusted$12k$5.7k

Financial system and Human development

StatGeorgiaNigeria
Income Tax Rate20%24%
Corporate Tax Rate15%30%
Inflation, consumer prices2.6%12.1%
Inflation, GDP deflator4.4%10.2%
Unemployment14.1%6%
Economic Freedom Index77.157.2
Personal Freedom Index7.46.01
Human Freedom Index7.486.1
Property Rights Index68.638.1
Judical Effectiveness Index57.932.2
Business Freedom Index85.354.7
Fiscal Health Index94.464.1
Labor Freedom Index76.384
Investment Freedom Index8045
Financial Freedom Index7040
Trade Freedom Index88.662.4
Monetary Freedom Index78.361.7
Government Spending Index73.696.2
Tax Burden Index87.185.1
Government Integrity Index64.822.3
Corruption Perceptions Index5827
Life expectancy at birth, years73.454
Suicide mortality rate, per 100,000 people8.29.5
Mortality caused by road traffic injury, per 100,000 people15.321.4
Intentional homicides, per 100,000 people19.9
International tourism, number of arrivals4.8M5.3M

Government debt & reserves

StatGeorgiaNigeria
Central government debt, % of GDP44.5%28.4%
External debt stocks, % of GNI110.6%12.4%
External debt stocks$17.1B$47B
Short-term debt, % of total reserves81.1%0%
Total debt service, % of exports and primary income23.7%8.3%
Adjusted net savings including particulate emission damage, % of GNI12.5%1.4%
Gross savings, % of GDP21%19.3%
Gross capital formation, % of GDP28.1%19.8%
Total reserves including gold$3.3B$42.8B
Foreign direct investment net inflows$1.2B$2B

Exports, imports and economic structure

StatGeorgiaNigeria
Exports of goods and services, % of GDP50.6%15.5%
Imports of goods and services, % of GDP61.2%17.5%
Current account balance (balance of payments)-$1.2B$5.3B
Revenue excluding grants, % of GDP23%N/A
Grants excluding technical cooperation, BoP$314.1M$2B
Personal remittances received$2B$24.3B
Industry including construction value added, % of GDP19.9%25.7%
Agriculture, forestry and fishing value added, % of GDP6.8%21.2%
Charges for the use of intellectual property, payments BoP$27.1M$252.8M
Charges for the use of intellectual property, receipts BoP$270k$7.8M
Expense, % of GDP21.4%N/A
Government Expenditure, % of GDP29.6%11.2%

Compare with countries close by GDP per capita

Georgia vs

CountryGDP
per capita
Population
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
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M

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