Kazakhstan vs Nigeria: Economic Indicators Comparison
Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Kazakhstan ranked 55th with $179.3B. By GDP 5-years average growth and GDP per capita, Nigeria and Kazakhstan ranked 132nd vs 95th and 149th vs 75th, respectively.
Gross Domestic Product & Income
| Stat |  Kazakhstan |  Nigeria |
|---|---|---|
| GDP | $179.3B | $397.3B |
| GDP growth, 1 year | 4.1% | 1.9% |
| GDP growth, 5-years average | 2.9% | 2% |
| Population | 18.3M | 190.9M |
| GDP per capita | $9.8k | $2k |
| GDP per capita growth | 2.74% | -0.67% |
| Purchasing Power Parity conversion factor | 121.32 | 110.03 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.35 | 0.34 |
| GDP per capita, PPP adjusted | $28k | $6k |
| GNI, Atlas method | $147.6B | $384.8B |
| GNI per capita | $8.1k | $2k |
| GNI, PPP adjusted | $446.9B | $1.1T |
| GNI per capita, PPP adjusted | $24k | $5.7k |
Financial system and Human development
| Stat | Kazakhstan | Nigeria |
|---|---|---|
| Income Tax Rate | 10% | 24% |
| Corporate Tax Rate | 20% | 30% |
| Inflation, consumer prices | 6% | 12.1% |
| Inflation, GDP deflator | 9.2% | 10.2% |
| Unemployment | 4.9% | 6% |
| Economic Freedom Index | 69.6 | 57.2 |
| Personal Freedom Index | 6.87 | 6.01 |
| Human Freedom Index | 6.91 | 6.1 |
| Property Rights Index | 61.3 | 38.1 |
| Judical Effectiveness Index | 62.1 | 32.2 |
| Business Freedom Index | 74.6 | 54.7 |
| Fiscal Health Index | 84.1 | 64.1 |
| Labor Freedom Index | 86 | 84 |
| Investment Freedom Index | 50 | 45 |
| Financial Freedom Index | 50 | 40 |
| Trade Freedom Index | 80.2 | 62.4 |
| Monetary Freedom Index | 68.1 | 61.7 |
| Government Spending Index | 85.5 | 96.2 |
| Tax Burden Index | 92.3 | 85.1 |
| Government Integrity Index | 40.9 | 22.3 |
| Corruption Perceptions Index | 31 | 27 |
| Life expectancy at birth, years | 73 | 54 |
| Suicide mortality rate, per 100,000 people | 22.5 | 9.5 |
| Mortality caused by road traffic injury, per 100,000 people | 17.6 | 21.4 |
| Intentional homicides, per 100,000 people | 5 | 9.9 |
| International tourism, number of arrivals | 8.8M | 5.3M |
Government debt & reserves
| Stat | Kazakhstan | Nigeria |
|---|---|---|
| Central government debt, % of GDP | 21.9% | 28.4% |
| External debt stocks, % of GNI | 105.7% | 12.4% |
| External debt stocks | $156.9B | $47B |
| Short-term debt, % of total reserves | 27% | 0% |
| Total debt service, % of exports and primary income | 48.3% | 8.3% |
| Adjusted net savings including particulate emission damage, % of GNI | 5.8% | 1.4% |
| Gross savings, % of GDP | 30.2% | 19.3% |
| Gross capital formation, % of GDP | 23.8% | 19.8% |
| Total reserves including gold | $31B | $42.8B |
| Foreign direct investment net inflows | $213.8M | $2B |
Exports, imports and economic structure
| Stat | Kazakhstan | Nigeria |
|---|---|---|
| Exports of goods and services, % of GDP | 37.5% | 15.5% |
| Imports of goods and services, % of GDP | 25.3% | 17.5% |
| Current account balance (balance of payments) | -$288.9M | $5.3B |
| Revenue excluding grants, % of GDP | 16% | N/A |
| Grants excluding technical cooperation, BoP | $90.9M | $2B |
| Personal remittances received | $618M | $24.3B |
| Industry including construction value added, % of GDP | 33.5% | 25.7% |
| Agriculture, forestry and fishing value added, % of GDP | 4.4% | 21.2% |
| Charges for the use of intellectual property, payments BoP | $167.7M | $252.8M |
| Charges for the use of intellectual property, receipts BoP | $912k | $7.8M |
| Expense, % of GDP | 14.7% | N/A |
| Government Expenditure, % of GDP | 22% | 11.2% |
