Ghana vs Nigeria: Economic Indicators Comparison
Gross Domestic Product & Income
| Stat |  Ghana |  Nigeria |
|---|---|---|
| GDP | $65.6B | $397.3B |
| GDP growth, 1 year | 5.6% | 1.9% |
| GDP growth, 5-years average | 4.5% | 2% |
| Population | 26.9M | 190.9M |
| GDP per capita | $2.2k | $2k |
| GDP per capita growth | 3.96% | -0.67% |
| Purchasing Power Parity conversion factor | 2.13 | 110.03 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.46 | 0.34 |
| GDP per capita, PPP adjusted | $6.5k | $6k |
| GNI, Atlas method | $63.4B | $384.8B |
| GNI per capita | $2.1k | $2k |
| GNI, PPP adjusted | $138.5B | $1.1T |
| GNI per capita, PPP adjusted | $4.7k | $5.7k |
Financial system and Human development
| Stat | Ghana | Nigeria |
|---|---|---|
| Income Tax Rate | 35% | 24% |
| Corporate Tax Rate | 25% | 30% |
| Inflation, consumer prices | 9.8% | 12.1% |
| Inflation, GDP deflator | 10.2% | 10.2% |
| Unemployment | 6.7% | 6% |
| Economic Freedom Index | 59.4 | 57.2 |
| Personal Freedom Index | 7.64 | 6.01 |
| Human Freedom Index | 7.21 | 6.1 |
| Property Rights Index | 52.5 | 38.1 |
| Judical Effectiveness Index | 46.1 | 32.2 |
| Business Freedom Index | 58.4 | 54.7 |
| Fiscal Health Index | 35.6 | 64.1 |
| Labor Freedom Index | 59.3 | 84 |
| Investment Freedom Index | 70 | 45 |
| Financial Freedom Index | 60 | 40 |
| Trade Freedom Index | 63.8 | 62.4 |
| Monetary Freedom Index | 68.9 | 61.7 |
| Government Spending Index | 88.1 | 96.2 |
| Tax Burden Index | 78.4 | 85.1 |
| Government Integrity Index | 32.2 | 22.3 |
| Corruption Perceptions Index | 41 | 27 |
| Life expectancy at birth, years | 63.5 | 54 |
| Suicide mortality rate, per 100,000 people | 5.4 | 9.5 |
| Mortality caused by road traffic injury, per 100,000 people | 24.9 | 21.4 |
| Intentional homicides, per 100,000 people | 2.1 | 9.9 |
| International tourism, number of arrivals | 897k | 5.3M |
Government debt & reserves
| Stat | Ghana | Nigeria |
|---|---|---|
| Central government debt, % of GDP | 59.6% | 28.4% |
| External debt stocks, % of GNI | 36.3% | 12.4% |
| External debt stocks | $23.3B | $47B |
| Short-term debt, % of total reserves | 57.7% | 0% |
| Total debt service, % of exports and primary income | 9.4% | 8.3% |
| Adjusted net savings including particulate emission damage, % of GNI | -8.4% | 1.4% |
| Gross savings, % of GDP | 21% | 19.3% |
| Gross capital formation, % of GDP | 14.9% | 19.8% |
| Total reserves including gold | $6.3B | $42.8B |
| Foreign direct investment net inflows | $3B | $2B |
Exports, imports and economic structure
| Stat | Ghana | Nigeria |
|---|---|---|
| Exports of goods and services, % of GDP | 35.3% | 15.5% |
| Imports of goods and services, % of GDP | 36.4% | 17.5% |
| Current account balance (balance of payments) | -$2B | $5.3B |
| Revenue excluding grants, % of GDP | 27.2% | N/A |
| Grants excluding technical cooperation, BoP | $713.6M | $2B |
| Personal remittances received | $3.5B | $24.3B |
| Industry including construction value added, % of GDP | 31.5% | 25.7% |
| Agriculture, forestry and fishing value added, % of GDP | 18.3% | 21.2% |
| Charges for the use of intellectual property, payments BoP | $700k | $252.8M |
| Charges for the use of intellectual property, receipts BoP | N/A | $7.8M |
| Expense, % of GDP | 30.5% | N/A |
| Government Expenditure, % of GDP | 20% | 11.2% |
