Guatemala vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Guatemala ranked 70th with $78.5B. By GDP 5-years average growth and GDP per capita, Nigeria and Guatemala ranked 132nd vs 69th and 149th vs 112th, respectively.

Gross Domestic Product & Income

StatGuatemalaNigeria
GDP$78.5B$397.3B
GDP growth, 1 year3.1%1.9%
GDP growth, 5-years average3.5%2%
Population17.3M190.9M
GDP per capita$4.5k$2k
GDP per capita growth1.15%-0.67%
Purchasing Power Parity conversion factor4.04110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.34
GDP per capita, PPP adjusted$8.4k$6k
GNI, Atlas method$75.9B$384.8B
GNI per capita$4.4k$2k
GNI, PPP adjusted$143.4B$1.1T
GNI per capita, PPP adjusted$8.3k$5.7k

Financial system and Human development

StatGuatemalaNigeria
Income Tax Rate31%24%
Corporate Tax Rate31%30%
Inflation, consumer prices3.8%12.1%
Inflation, GDP deflator2.9%10.2%
Unemployment2.7%6%
Economic Freedom Index6457.2
Personal Freedom Index7.146.01
Human Freedom Index7.216.1
Property Rights Index45.538.1
Judical Effectiveness Index32.232.2
Business Freedom Index62.654.7
Fiscal Health Index95.764.1
Labor Freedom Index48.484
Investment Freedom Index7045
Financial Freedom Index5040
Trade Freedom Index82.262.4
Monetary Freedom Index77.461.7
Government Spending Index95.696.2
Tax Burden Index79.285.1
Government Integrity Index29.622.3
Corruption Perceptions Index2727
Life expectancy at birth, years73.854
Suicide mortality rate, per 100,000 people2.79.5
Mortality caused by road traffic injury, per 100,000 people16.621.4
Intentional homicides, per 100,000 people26.19.9
International tourism, number of arrivals1.8M5.3M

Government debt & reserves

StatGuatemalaNigeria
Central government debt, % of GDP24.5%28.4%
External debt stocks, % of GNI29%12.4%
External debt stocks$22.3B$47B
Short-term debt, % of total reserves7.3%0%
Total debt service, % of exports and primary income26.7%8.3%
Adjusted net savings including particulate emission damage, % of GNI1.9%1.4%
Gross savings, % of GDP13.4%19.3%
Gross capital formation, % of GDP12.1%19.8%
Total reserves including gold$12.6B$42.8B
Foreign direct investment net inflows$1.1B$2B

Exports, imports and economic structure

StatGuatemalaNigeria
Exports of goods and services, % of GDP18.1%15.5%
Imports of goods and services, % of GDP27.7%17.5%
Current account balance (balance of payments)$665M$5.3B
Revenue excluding grants, % of GDP11%N/A
Grants excluding technical cooperation, BoP$342.5M$2B
Personal remittances received$9.4B$24.3B
Industry including construction value added, % of GDP24.6%25.7%
Agriculture, forestry and fishing value added, % of GDP10%21.2%
Charges for the use of intellectual property, payments BoP$209.8M$252.8M
Charges for the use of intellectual property, receipts BoP$700k$7.8M
Expense, % of GDP11.8%N/A
Government Expenditure, % of GDP12.1%11.2%

Compare with countries close by GDP per capita

Guatemala vs

CountryGDP
per capita
Population
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
Georgia
$4.7k
3.72M
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
Tunisia
$3.4k
11.6M

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