Guinea vs Nigeria: Economic Indicators Comparison
Gross Domestic Product & Income
| Stat |  Guinea |  Nigeria |
|---|---|---|
| GDP | $10.9B | $397.3B |
| GDP growth, 1 year | 5.8% | 1.9% |
| GDP growth, 5-years average | 6.7% | 2% |
| Population | 12.7M | 190.9M |
| GDP per capita | $879 | $2k |
| GDP per capita growth | 3.2% | -0.67% |
| Purchasing Power Parity conversion factor | 3160.71 | 110.03 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.35 | 0.34 |
| GDP per capita, PPP adjusted | $2.3k | $6k |
| GNI, Atlas method | $10.6B | $384.8B |
| GNI per capita | $850 | $2k |
| GNI, PPP adjusted | $30.6B | $1.1T |
| GNI per capita, PPP adjusted | $2.5k | $5.7k |
Financial system and Human development
| Stat | Guinea | Nigeria |
|---|---|---|
| Income Tax Rate | 40% | 24% |
| Corporate Tax Rate | 35% | 30% |
| Inflation, consumer prices | 9.7% | 12.1% |
| Inflation, GDP deflator | -1.3% | 10.2% |
| Unemployment | 3.6% | 6% |
| Economic Freedom Index | 56.5 | 57.2 |
| Personal Freedom Index | 5.95 | 6.01 |
| Human Freedom Index | 5.68 | 6.1 |
| Property Rights Index | 38.7 | 38.1 |
| Judical Effectiveness Index | 33.3 | 32.2 |
| Business Freedom Index | 55.4 | 54.7 |
| Fiscal Health Index | 93.8 | 64.1 |
| Labor Freedom Index | 58 | 84 |
| Investment Freedom Index | 50 | 45 |
| Financial Freedom Index | 40 | 40 |
| Trade Freedom Index | 60.4 | 62.4 |
| Monetary Freedom Index | 70.6 | 61.7 |
| Government Spending Index | 91.4 | 96.2 |
| Tax Burden Index | 70 | 85.1 |
| Government Integrity Index | 16.1 | 22.3 |
| Corruption Perceptions Index | 28 | 27 |
| Life expectancy at birth, years | 60.7 | 54 |
| Suicide mortality rate, per 100,000 people | 6.3 | 9.5 |
| Mortality caused by road traffic injury, per 100,000 people | 28.2 | 21.4 |
| Intentional homicides, per 100,000 people | 8.8 | 9.9 |
| International tourism, number of arrivals | 99k | 5.3M |
Government debt & reserves
| Stat | Guinea | Nigeria |
|---|---|---|
| Central government debt, % of GDP | 38.7% | 28.4% |
| External debt stocks, % of GNI | 24.6% | 12.4% |
| External debt stocks | $2.6B | $47B |
| Short-term debt, % of total reserves | 12.4% | 0% |
| Total debt service, % of exports and primary income | 2.2% | 8.3% |
| Adjusted net savings including particulate emission damage, % of GNI | -6.5% | 1.4% |
| Gross savings, % of GDP | 3.1% | 19.3% |
| Gross capital formation, % of GDP | 18.9% | 19.8% |
| Total reserves including gold | $1.2B | $42.8B |
| Foreign direct investment net inflows | $352.8M | $2B |
Exports, imports and economic structure
| Stat | Guinea | Nigeria |
|---|---|---|
| Exports of goods and services, % of GDP | 37.6% | 15.5% |
| Imports of goods and services, % of GDP | 53% | 17.5% |
| Current account balance (balance of payments) | -$190.5M | $5.3B |
| Revenue excluding grants, % of GDP | 12.1% | N/A |
| Grants excluding technical cooperation, BoP | $367.3M | $2B |
| Personal remittances received | $28.4M | $24.3B |
| Industry including construction value added, % of GDP | 24.8% | 25.7% |
| Agriculture, forestry and fishing value added, % of GDP | 24.3% | 21.2% |
| Charges for the use of intellectual property, payments BoP | $620k | $252.8M |
| Charges for the use of intellectual property, receipts BoP | -$1.5M | $7.8M |
| Expense, % of GDP | 9.4% | N/A |
| Government Expenditure, % of GDP | 16.9% | 11.2% |
