Kiribati vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Kiribati ranked 194th with $188.3M. By GDP 5-years average growth and GDP per capita, Nigeria and Kiribati ranked 132nd vs 68th and 149th vs 156th, respectively.

Gross Domestic Product & Income

StatKiribatiNigeria
GDP$188.3M$397.3B
GDP growth, 1 year2.3%1.9%
GDP growth, 5-years average3.5%2%
Population116k190.9M
GDP per capita$1.6k$2k
GDP per capita growth0.51%-0.67%
Purchasing Power Parity conversion factor0.95110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.710.34
GDP per capita, PPP adjusted$2.1k$6k
GNI, Atlas method$363.8M$384.8B
GNI per capita$3.1k$2k
GNI, PPP adjusted$511.5M$1.1T
GNI per capita, PPP adjusted$4.4k$5.7k

Financial system and Human development

StatKiribatiNigeria
Income Tax Rate35%24%
Corporate Tax Rate35%30%
Inflation, consumer prices1.9%12.1%
Inflation, GDP deflator2%10.2%
Unemployment30.6%6%
Economic Freedom Index45.257.2
Personal Freedom Index4.86.01
Human Freedom Index4.26.1
Property Rights Index47.538.1
Judical Effectiveness Index34.232.2
Business Freedom Index40.654.7
Fiscal Health Index9964.1
Labor Freedom Index62.984
Investment Freedom Index2545
Financial Freedom Index3040
Trade Freedom Index23.862.4
Monetary Freedom Index82.261.7
Government Spending Index096.2
Tax Burden Index72.485.1
Government Integrity Index24.322.3
Corruption Perceptions Index4027
Life expectancy at birth, years67.954
Suicide mortality rate, per 100,000 people14.49.5
Mortality caused by road traffic injury, per 100,000 people4.421.4
Intentional homicides, per 100,000 people7.59.9
International tourism, number of arrivals7.1k5.3M

Government debt & reserves

StatKiribatiNigeria
Central government debt, % of GDP21.9%28.4%
External debt stocks, % of GNIN/A12.4%
External debt stocksN/A$47B
Short-term debt, % of total reservesN/A0%
Total debt service, % of exports and primary incomeN/A8.3%
Adjusted net savings including particulate emission damage, % of GNIN/A1.4%
Gross savings, % of GDP96%19.3%
Gross capital formation, % of GDP40%19.8%
Total reserves including goldN/A$42.8B
Foreign direct investment net inflows$591k$2B

Exports, imports and economic structure

StatKiribatiNigeria
Exports of goods and services, % of GDP13.2%15.5%
Imports of goods and services, % of GDP92%17.5%
Current account balance (balance of payments)$70.5M$5.3B
Revenue excluding grants, % of GDP100.5%N/A
Grants excluding technical cooperation, BoP$50.7M$2B
Personal remittances received$18M$24.3B
Industry including construction value added, % of GDP12.4%25.7%
Agriculture, forestry and fishing value added, % of GDP30.8%21.2%
Charges for the use of intellectual property, payments BoPN/A$252.8M
Charges for the use of intellectual property, receipts BoP$13.4M$7.8M
Expense, % of GDP77.4%N/A
Government Expenditure, % of GDP125.7%11.2%

Compare with countries close by GDP per capita

Kiribati vs

CountryGDP
per capita
Population
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
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
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M

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
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
Lesotho
$1.3k
2.23M