Iran vs Nigeria: Economic Indicators Comparison

Iran with a GDP of $454B ranked the 29th largest economy in the world, while Nigeria ranked 32nd with $397.3B. By GDP 5-years average growth and GDP per capita, Iran and Nigeria ranked 102nd vs 132nd and 105th vs 149th, respectively.

Gross Domestic Product & Income

StatIranNigeria
GDP$454B$397.3B
GDP growth, 1 year-3.9%1.9%
GDP growth, 5-years average2.8%2%
Population80M190.9M
GDP per capita$5.6k$2k
GDP per capita growth2.33%-0.67%
Purchasing Power Parity conversion factor9035.96110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.270.34
GDP per capita, PPP adjusted$20k$6k
GNI, Atlas method$441B$384.8B
GNI per capita$5.5k$2k
GNI, PPP adjusted$1.7T$1.1T
GNI per capita, PPP adjusted$21k$5.7k

Financial system and Human development

StatIranNigeria
Income Tax Rate35%24%
Corporate Tax Rate25%30%
Inflation, consumer prices31.2%12.1%
Inflation, GDP deflator12.2%10.2%
Unemployment12%6%
Economic Freedom Index49.257.2
Personal Freedom Index4.836.01
Human Freedom Index5.296.1
Property Rights Index36.938.1
Judical Effectiveness Index37.132.2
Business Freedom Index57.354.7
Fiscal Health Index86.564.1
Labor Freedom Index50.784
Investment Freedom Index545
Financial Freedom Index1040
Trade Freedom Index54.662.4
Monetary Freedom Index4961.7
Government Spending Index89.296.2
Tax Burden Index8185.1
Government Integrity Index33.522.3
Corruption Perceptions Index2827
Life expectancy at birth, years76.354
Suicide mortality rate, per 100,000 people4.19.5
Mortality caused by road traffic injury, per 100,000 people20.521.4
Intentional homicides, per 100,000 people2.59.9
International tourism, number of arrivals7.3M5.3M

Government debt & reserves

StatIranNigeria
Central government debt, % of GDP33.2%28.4%
External debt stocks, % of GNI1.5%12.4%
External debt stocks$6.3B$47B
Short-term debt, % of total reserves62.1%0%
Total debt service, % of exports and primary income0.8%8.3%
Adjusted net savings including particulate emission damage, % of GNI8.2%1.4%
Gross savings, % of GDP37.7%19.3%
Gross capital formation, % of GDP34.7%19.8%
Total reserves including gold$7.7B$42.8B
Foreign direct investment net inflows$3.5B$2B

Exports, imports and economic structure

StatIranNigeria
Exports of goods and services, % of GDP24.9%15.5%
Imports of goods and services, % of GDP23.8%17.5%
Current account balance (balance of payments)$12.5B$5.3B
Revenue excluding grants, % of GDP25.4%N/A
Grants excluding technical cooperation, BoP$65M$2B
Personal remittances received$1.3B$24.3B
Industry including construction value added, % of GDP34.9%25.7%
Agriculture, forestry and fishing value added, % of GDP9.5%21.2%
Charges for the use of intellectual property, payments BoPN/A$252.8M
Charges for the use of intellectual property, receipts BoPN/A$7.8M
Expense, % of GDP19.6%N/A
Government Expenditure, % of GDP19%11.2%

Compare with countries close by GDP per capita

Iran vs

CountryGDP
per capita
Population
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
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
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
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

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