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Economy of Jordan vs Nigeria compared: GDP & Debt

Updated on by Georank team

Jordan has a GDP of $53.4B compared to $252B for Nigeria, ranking 90/197 and 54/197 by economy size, respectively.

Jordan has $48.1B in government debt (90.2% of GDP), compared to $99.2B (39.3% of GDP) in Nigeria.

Jordan vs Nigeria GDP by year

Jordan
Nigeria
1x
Year GDP, current $
Jordan Nigeria
2024 $53,352,289,577 $252,261,880,141
2023 $51,088,476,338 $487,387,801,881
2022 $48,764,963,380 $646,950,257,578
2021 $46,296,100,141 $609,147,716,973
2020 $43,700,383,099 $598,586,817,819
2019 $44,503,006,338 $668,219,992,691
2018 $43,370,860,704 $421,739,251,509
2017 $41,608,435,915 $375,745,731,053
2016 $39,892,551,127 $404,649,125,252
2015 $38,587,017,887 $493,026,682,801
2014 $36,847,643,521 $574,183,763,412
2013 $34,454,440,141 $520,117,180,314
2012 $31,634,561,690 $463,971,018,239
2011 $29,524,149,155 $414,466,676,831
2010 $27,133,804,225 $366,990,417,129
2009 $24,537,876,056 $295,008,835,381
2008 $22,658,715,989 $339,476,276,258
2007 $17,110,437,236 $278,260,846,800
2006 $15,056,981,664 $238,454,997,161
2005 $12,588,998,590 $175,670,569,969
2004 $11,411,706,629 $135,764,731,646
2003 $10,195,627,645 $104,738,954,264
2002 $9,582,510,578 $95,054,059,303
2001 $8,975,814,653 $73,557,840,064
2000 $8,460,789,845 $69,171,451,627
1999 $8,149,929,478 $59,145,077,039
1998 $7,912,270,804 $218,416,200,673
1997 $7,245,839,210 $200,850,397,618
1996 $6,927,503,526 $185,730,236,700
1995 $6,727,597,032 $140,919,776,986
1994 $6,236,295,978 $80,399,613,064
1993 $5,606,400,222 $56,721,051,402
1992 $5,310,833,194 $52,058,181,854
1991 $4,344,467,193 $59,526,833,412
1990 $4,160,087,508 $54,035,795,388
1989 $4,221,373,674 $44,003,061,108
1988 $6,277,451,829 $49,648,470,440
1987 $6,756,209,762 $52,676,041,931
1986 $6,402,050,485 $54,805,852,581
1985 $4,993,601,520 $73,745,821,158
1984 $4,967,162,160 $73,484,359,521
1983 $4,920,692,191 $97,094,911,792
1982 $4,681,240,993 $142,769,363,314
1981 $4,383,944,703 $164,475,209,516
1980 $3,910,044,474 $64,201,788,123
1979 $3,271,368,781 $47,259,911,894
1978 $2,602,208,589 $36,527,862,209
1977 $2,096,778,602 $36,035,407,725
1976 $1,708,521,219 $36,308,883,249
1975 $1,363,073,498 $27,778,934,625
1974 $1,197,483,949 $24,846,641,318
1973 $943,783,840 $15,162,871,287
1972 $788,479,685 $12,274,416,018
1971 $678,159,729 $9,181,769,912
1970 $639,519,744 $12,546,094,982
1969 $698,879,720 $6,634,317,346
1968 $561,119,776 $5,200,997,920
1967 $631,679,747 $5,203,237,919
1966 $657,999,737 $6,366,917,453
1965 $599,759,760 $5,874,537,650
1964 - $5,552,931,319
1963 - $5,165,590,254
1962 - $4,909,399,176
1961 - $4,467,287,893
1960 - $4,196,174,502

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/jordan/nigeria | CC BY

GDP per capita in Jordan vs Nigeria by year

Jordan
GDP per capita

GDP per capita, PPP
Nigeria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Jordan Nigeria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,618 $10,821 $1,084 $9,087
2023 $4,466 $10,412 $2,139 $8,705
2022 $4,332 $9,927 $2,899 $8,305
2021 $4,183 $9,182 $2,787 $7,588
2020 $4,022 $9,579 $2,797 $7,415
2019 $4,170 $9,429 $3,190 $7,551
2018 $4,145 $9,042 $2,058 $7,158
2017 $4,066 $9,266 $1,876 $7,037
2016 $3,987 $8,748 $2,070 $7,072
2015 $4,043 $8,967 $2,586 $7,308
2014 $4,191 $9,145 $3,089 $7,396
2013 $4,311 $9,817 $2,873 $7,004
2012 $4,170 $9,739 $2,633 $6,671
2011 $3,947 $9,632 $2,418 $6,585
2010 $3,718 $9,417 $2,202 $6,301
2009 $3,436 $9,291 $1,820 $5,927
2008 $3,242 $8,983 $2,154 $5,607
2007 $2,506 $8,416 $1,816 $5,298
2006 $2,343 $8,046 $1,600 $4,975
2005 $2,088 $7,697 $1,211 $4,678
2004 $1,940 $7,074 $962 $4,381
2003 $1,776 $6,500 $763 $4,015
2002 $1,706 $6,256 $712 $3,770
2001 $1,632 $5,948 $566 $3,309
2000 $1,571 $5,641 $547 $3,139
1999 $1,545 $5,402 $481 $3,002
1998 $1,532 $5,264 $1,822 $3,022
1997 $1,436 $5,171 $1,720 $2,990
1996 $1,410 $5,055 $1,633 $2,931
1995 $1,416 $5,027 $1,272 $2,835
1994 $1,367 $4,830 $745 $2,853
1993 $1,289 $4,726 $540 $2,921
1992 $1,287 $4,654 $509 $2,991
1991 $1,110 $4,195 $597 $2,870
1990 $1,149 $4,317 $556 $2,840
1989 $1,260 - $465 -
1988 $1,966 - $540 -
1987 $2,217 - $588 -
1986 $2,200 - $628 -
1985 $1,797 - $869 -
1984 $1,871 - $890 -
1983 $1,939 - $1,207 -
1982 $1,929 - $1,822 -
1981 $1,885 - $2,162 -
1980 $1,750 - $870 -
1979 $1,519 - $661 -
1978 $1,249 - $527 -
1977 $1,039 - $536 -
1976 $873 - $556 -
1975 $718 - $438 -
1974 $651 - $403 -
1973 $531 - $252.4 -
1972 $460 - $209.5 -
1971 $412 - $160.5 -
1970 $409 - $224.5 -
1969 $474 - $121.4 -
1968 $409 - $97.3 -
1967 $497 - $99.5 -
1966 $558 - $124.4 -
1965 $546 - $117.3 -
1964 - - $113.3 -
1963 - - $107.7 -
1962 - - $104.5 -
1961 - - $97.1 -
1960 - - $93.1 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/jordan/nigeria | CC BY

Jordan's GDP per capita is $4,618, ranking 123/197, compared to $1,084 in Nigeria, ranking 174/197. Adjusted for purchasing power (GDP per capita PPP), Jordan ranks 131st at $10,821, while Nigeria ranks 136th at $9,087.

Economic indicators

Jordan Nigeria
Gross domestic product
$53.4B
2024
$252B
2024
GDP rank
90/197
2024
54/197
2024
GDP growth
2.49%
2023-2024
4.06%
2023-2024
GDP per capita
$4,618
2024
$1,084
2024
GDP per capita rank
123/197
2024
174/197
2024
GDP per capita, PPP
$10,821
2024
$9,087
2024
GDP per capita PPP rank
131/197
2024
136/197
2024
Government debt
$48.1B
2024
$99.2B
2024
Debt-to-GDP ratio
90.2%
2024
39.3%
2024
Government debt per person
$4,167
2024
$426
2024
Government debt per person rank
91/185
2024
170/185
2024
Average annual personal income after taxes
$4,787
2026
$1,104
2026
Market capitalization of domestic companies
$24.9B
2024
$54.4B
2024
Number of billionaires n/a
4
2025
Income share by richest 10%
27.4%
2010
26.3%
2022
Income share by poorest 10%
3.5%
2010
3%
2022
Government expenditure, % of GDP
33%
2024
12.3%
2024
Consumer prices inflation
1.56%
2023-2024
33.2%
2023-2024
Central bank interest rate
5.75%
2025
27%
2025
Unemployment rate
16.6%
2023
3.45%
2024
Population
11555022
243824469

Spending and national debt comparison by year

Jordan
Spending

Debt
Nigeria
Spending

Debt
1x
Year % of GDP
Jordan Nigeria
Government spending Government debt Government spending Government debt
2024 33% 90.2% 12.3% 39.3%
2023 32.9% 89% 10.4% 36.3%
2022 33.3% 88.6% 10.6% 29.8%
2021 34.1% 87.6% 9.09% 26.6%
2020 33.7% 104.5% 8.73% 25.7%
2019 32.4% 92.9% 8.87% 21.4%
2018 32% 87.4% 9.1% 20.4%
2017 29.6% 86.1% 8.51% 18%
2016 29.8% 85% 6.93% 17.4%
2015 31.7% 83.4% 7.85% 14.9%
2014 39.2% 78.6% 9.49% 12.9%
2013 36.4% 78.1% 10% 13%
2012 32.2% 73.8% 10.5% 12.5%
2011 27.4% 63.9% 12.3% 12.4%
2010 29.8% 59.5% 11.8% 6.67%
2009 35.9% 55.5% 11% 6.12%
2008 35.8% 53.2% 10.2% 5.17%
2007 37.7% 64.4% 12.9% 5.76%
2006 34.7% 65.6% 8.75% 6.68%
2005 37.3% 80.5% 12.6% 13.4%
2004 36.6% 86% 13% 25.2%
2003 36% 94.6% 16.5% 29.9%
2002 32.9% 91.3% 13.8% 30.7%
2001 32.1% 89.7% 21.9% 37.7%
2000 33.1% 85.6% 17.6% 40.9%
1999 32.7% 98.1% 14.9% 46.1%
1998 34.9% 99.8% 11.2% 15.8%
1997 33.9% 98.1% 9.68% 17.1%
1996 36.2% 104.9% 7.87% 17.9%
1995 35.5% 106.1% 8.87% 24.2%
1994 34.3% 116.2% 12.1% 39.7%
1993 36.4% 126.6% 20% 50.4%
1992 35.5% 139.6% 15.9% 49.8%
1991 44.9% 187% 13.6% 53.2%
1990 44% 204.8% 14.2% 50.9%
1989 42.5% 195.4% - -
1988 44.3% 129.3% - -
1987 42.1% 101.9% - -
1986 33.8% 84.3% - -
1985 42.4% 85.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/jordan/nigeria | CC BY

In 2024, Jordan's government spending was $17.6B, accounting for 33% of its GDP, while Nigeria spent $31.1B, or 12.3% of GDP.

Debt-to-GDP ratio is 90.2% in Jordan and 39.3% in Nigeria, ranking 32/185 and 135/185, respectively.

Government deficit by year

Deficit/surplus
Jordan

Nigeria
1x
Year Deficit/surplus, % of GDP
Jordan Nigeria
2024 -7.33% -1.57%
2023 -6.89% -3.12%
2022 -6.8% -4%
2021 -8.45% -3.97%
2020 -10.1% -4.03%
2019 -7.19% -3.31%
2018 -5.78% -3.06%
2017 -3.61% -3.85%
2016 -3.71% -3.3%
2015 -7.1% -2.7%
2014 -15.5% -1.72%
2013 -16.1% -1.89%
2012 -13.8% -0.09%
2011 -5.61% 0.31%
2010 -5.43% -2.96%
2009 -8.66% -3.78%
2008 -5.38% 4.05%
2007 -5.45% -0.79%
2006 -3.82% 6.22%
2005 -5.36% 3.49%
2004 -1.09% 3.9%
2003 -2.52% -1.56%
2002 -4.44% 0.95%
2001 -2.77% -2.29%
2000 -3.99% 2.89%
1999 -2.69% -1.39%
1998 -5.4% -3.47%
1997 -2.97% 1.14%
1996 -3.25% 3.37%
1995 -1.72% 2.52%
1994 -2.3% -2.96%
1993 -2.14% -6.07%
1992 1.87% 0.94%
1991 -10.2% -1.18%
1990 -7.45% -0.48%
1989 -6.89% -
1988 -13% -
1987 -13.4% -
1986 -2.39% -
1985 -6.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/jordan/nigeria | CC BY

In 2024, Jordan's government deficit, the difference between spending and revenue, was $3.91B, equivalent to 7.33% of GDP. This compares to Nigeria's deficit of $3.95B, or 1.57% of GDP.

Over the past 35 years, Jordan recorded a fiscal deficit in 34 of those years, while Nigeria ran a deficit in 24 years. On average, Jordan posted an annual deficit equal to 5.8% of GDP, compared to deficit of 0.97% of GDP for Nigeria.

Inflation comparison by year

Inflation
Jordan

Nigeria
1x
Year Consumer prices inflation
Jordan Nigeria
2024 1.56% 33.2%
2023 2.08% 24.7%
2022 4.23% 18.8%
2021 1.35% 17%
2020 0.33% 13.2%
2019 0.76% 11.4%
2018 4.46% 12.1%
2017 3.32% 16.5%
2016 -0.78% 15.7%
2015 -0.88% 9.01%
2014 2.9% 8.05%
2013 4.82% 8.5%
2012 4.52% 12.2%
2011 4.16% 10.8%
2010 4.85% 13.7%
2009 -0.74% 12.5%
2008 14% 11.6%
2007 4.74% 5.39%
2006 6.25% 8.23%
2005 3.49% 17.9%
2004 3.36% 15%
2003 1.63% 14%
2002 1.83% 12.9%
2001 1.77% 18.9%
2000 0.67% 6.93%
1999 0.61% 6.62%
1998 3.09% 10%
1997 3.04% 8.53%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/jordan/nigeria | CC BY

Over the past 28 years, Jordan has recorded an average annual inflation rate of 2.91%, compared with 13.3% in Nigeria. In 2024, inflation was 1.56% in Jordan and 33.2% in Nigeria.

Top exports between countries

Jordan
Export category Export value
Machinery & equipment $16.5M
Wood & paper products $521K
Chemicals & pharma $476K
Animal & marine products $461K
Metals $259K
Raw materials & minerals $143K
Processed food, beverages & tobacco $117K
Raw agricultural goods $109K
Miscellaneous $49K
Textiles & consumer goods $33K
Nigeria
Export category Export value
Raw materials & minerals $17.7M
Raw agricultural goods $1.55M
Wood & paper products $217K
Processed food, beverages & tobacco $78K
Chemicals & pharma $15K
Textiles & consumer goods $3K

Balance of trade

Jordan Nigeria
Current account balance
-$3.13B
2024
$17.2B
2024
Current account balance ranking
158/190
2024
20/190
2024
Current account balance, % of GDP
-5.86%
2024
+6.82%
2024
Goods imports
$23.9B
2024
$39.8B
2024
Goods exports
$13.3B
2024
$53B
2024
Service imports
$6.5B
2024
$17.9B
2024
Service exports
$9.45B
2024
$4.57B
2024
Imports of goods and services, % of GDP
57.1%
2024
16.9%
1960
Exports of goods and services, % of GDP
42.6%
2024
9.24%
1960

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Jordan Nigeria
Economic freedom 59.3 54.8
Economic freedom ranking 104/197 132/197
Property rights 52.3 29.7
Government integrity 51 23.5
Judicial effectiveness 44 34.4
Tax burden 84.1 84.6
Government spending 67.2 96.3
Fiscal health 5.2 83.5
Business freedom 62.7 50.3
Labor freedom 51.3 75.4
Monetary freedom 81.2 56.1
Trade freedom 82 64.4
Investment freedom 70 30
Financial freedom 60 30

Economic freedom comparison by year

Jordan
Nigeria
1x
Year Economic freedom index
Jordan Nigeria
2026 59.3 54.8
2025 59.4 53.4
2024 58.3 53.1
2023 58.8 53.9
2022 60.1 54.4
2021 64.6 58.7
2020 66 57.2
2019 66.5 57.3
2018 64.9 58.5
2017 66.7 57.1
2016 68.3 57.5
2015 69.3 55.6
2014 69.2 54.3
2013 70.4 55.1
2012 69.9 56.3
2011 68.9 56.7
2010 66.1 56.8
2009 65.4 55.1
2008 64.1 55.1
2007 64.5 55.6
2006 63.7 48.7
2005 66.7 48.4
2004 66.1 49.2
2003 65.3 49.5
2002 66.2 50.9
2001 68.3 49.6
2000 67.5 53.1
1999 67.4 55.7
1998 66.8 52.3
1997 63.6 52.8
1996 60.8 47.4
1995 62.7 47.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/jordan/nigeria | CC BY

The Economic Freedom Index for Jordan is 59.3, ranking 104/197, compared to 54.8 for Nigeria, ranking 132/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Jordan Nigeria
Services, % of GDP
60.4%
2024
53.7%
2024
Industry, % of GDP
25.1%
2024
18.2%
2024
Agriculture, forestry, and fishing, % of GDP
5.07%
2024
25.9%
2024
GNI, Atlas method
$51.2B
2024
$396B
2024
GNI per capita, PPP
$10,570
2024
$8,850
2024
Total reserves including gold
$21.9B
2024
$38.6B
2024
Total reserves ranking
60/177
2024
51/177
2024
Net foreign direct investment
-$1.58B
2024
-$672M
2024
Net inflows of foreign direct investment
$1.63B
2024
$1.08B
2024
Net outflows of foreign direct investment
$54.1M
2024
$408M
2024
Servicing debt to the IMF, % of GNI
8.64%
2024
5.48%
2024
Poverty at national poverty lines
14.2%
2020
56.2%
2023
Gross capital formation, % of GDP
25.2%
2021
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/jordan/nigeria | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20)
  6. TradeMap (2020–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.