India vs Nigeria: Economic Indicators Comparison
Gross Domestic Product & Income
| Stat |  India |  Nigeria |
|---|---|---|
| GDP | $2.7T | $397.3B |
| GDP growth, 1 year | 7.1% | 1.9% |
| GDP growth, 5-years average | 7.6% | 2% |
| Population | 1.3B | 190.9M |
| GDP per capita | $2k | $2k |
| GDP per capita growth | 5.71% | -0.67% |
| Purchasing Power Parity conversion factor | 18.1 | 110.03 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.26 | 0.34 |
| GDP per capita, PPP adjusted | $7.9k | $6k |
| GNI, Atlas method | $2.7T | $384.8B |
| GNI per capita | $2k | $2k |
| GNI, PPP adjusted | $10.4T | $1.1T |
| GNI per capita, PPP adjusted | $7.7k | $5.7k |
Financial system and Human development
| Stat | India | Nigeria |
|---|---|---|
| Income Tax Rate | 30.9% | 24% |
| Corporate Tax Rate | 32.4% | 30% |
| Inflation, consumer prices | 3.5% | 12.1% |
| Inflation, GDP deflator | 4.1% | 10.2% |
| Unemployment | 2.6% | 6% |
| Economic Freedom Index | 56.5 | 57.2 |
| Personal Freedom Index | 6.96 | 6.01 |
| Human Freedom Index | 6.8 | 6.1 |
| Property Rights Index | 63 | 38.1 |
| Judical Effectiveness Index | 64.1 | 32.2 |
| Business Freedom Index | 65.6 | 54.7 |
| Fiscal Health Index | 13.1 | 64.1 |
| Labor Freedom Index | 41.2 | 84 |
| Investment Freedom Index | 40 | 45 |
| Financial Freedom Index | 40 | 40 |
| Trade Freedom Index | 73.4 | 62.4 |
| Monetary Freedom Index | 73 | 61.7 |
| Government Spending Index | 77.9 | 96.2 |
| Tax Burden Index | 79.4 | 85.1 |
| Government Integrity Index | 47.2 | 22.3 |
| Corruption Perceptions Index | 41 | 27 |
| Life expectancy at birth, years | 69.2 | 54 |
| Suicide mortality rate, per 100,000 people | 16.3 | 9.5 |
| Mortality caused by road traffic injury, per 100,000 people | 22.6 | 21.4 |
| Intentional homicides, per 100,000 people | 3.2 | 9.9 |
| International tourism, number of arrivals | 17.4M | 5.3M |
Government debt & reserves
| Stat | India | Nigeria |
|---|---|---|
| Central government debt, % of GDP | 69.8% | 28.4% |
| External debt stocks, % of GNI | 19.3% | 12.4% |
| External debt stocks | $521.4B | $47B |
| Short-term debt, % of total reserves | 26.1% | 0% |
| Total debt service, % of exports and primary income | 11.4% | 8.3% |
| Adjusted net savings including particulate emission damage, % of GNI | 16.3% | 1.4% |
| Gross savings, % of GDP | 30.9% | 19.3% |
| Gross capital formation, % of GDP | 31.3% | 19.8% |
| Total reserves including gold | $399.2B | $42.8B |
| Foreign direct investment net inflows | $42.1B | $2B |
Exports, imports and economic structure
| Stat | India | Nigeria |
|---|---|---|
| Exports of goods and services, % of GDP | 19.7% | 15.5% |
| Imports of goods and services, % of GDP | 23.6% | 17.5% |
| Current account balance (balance of payments) | -$65.6B | $5.3B |
| Revenue excluding grants, % of GDP | 12.9% | N/A |
| Grants excluding technical cooperation, BoP | $689.4M | $2B |
| Personal remittances received | $78.8B | $24.3B |
| Industry including construction value added, % of GDP | 26.7% | 25.7% |
| Agriculture, forestry and fishing value added, % of GDP | 14.6% | 21.2% |
| Charges for the use of intellectual property, payments BoP | $7.9B | $252.8M |
| Charges for the use of intellectual property, receipts BoP | $784.9M | $7.8M |
| Expense, % of GDP | 14.9% | N/A |
| Government Expenditure, % of GDP | 27.1% | 11.2% |
