Lesotho vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Lesotho ranked 169th with $2.7B. By GDP 5-years average growth and GDP per capita, Nigeria and Lesotho ranked 132nd vs 143rd and 149th vs 165th, respectively.

Gross Domestic Product & Income

StatLesothoNigeria
GDP$2.7B$397.3B
GDP growth, 1 year1.5%1.9%
GDP growth, 5-years average1.7%2%
Population2.2M190.9M
GDP per capita$1.3k$2k
GDP per capita growth0.33%-0.67%
Purchasing Power Parity conversion factor5.35110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.40.34
GDP per capita, PPP adjusted$3.4k$6k
GNI, Atlas method$2.9B$384.8B
GNI per capita$1.4k$2k
GNI, PPP adjusted$7.8B$1.1T
GNI per capita, PPP adjusted$3.7k$5.7k

Financial system and Human development

StatLesothoNigeria
Income Tax Rate35%24%
Corporate Tax Rate25%30%
Inflation, consumer prices5.2%12.1%
Inflation, GDP deflator4.4%10.2%
Unemployment23.6%6%
Economic Freedom Index54.557.2
Personal Freedom Index6.126.01
Human Freedom Index6.166.1
Property Rights Index45.238.1
Judical Effectiveness Index4732.2
Business Freedom Index52.854.7
Fiscal Health Index60.364.1
Labor Freedom Index58.884
Investment Freedom Index5545
Financial Freedom Index4040
Trade Freedom Index82.262.4
Monetary Freedom Index75.761.7
Government Spending Index34.496.2
Tax Burden Index7385.1
Government Integrity Index29.622.3
Corruption Perceptions Index4127
Life expectancy at birth, years52.954
Suicide mortality rate, per 100,000 people21.29.5
Mortality caused by road traffic injury, per 100,000 people28.921.4
Intentional homicides, per 100,000 people41.39.9
International tourism, number of arrivals1.2M5.3M

Government debt & reserves

StatLesothoNigeria
Central government debt, % of GDP39%28.4%
External debt stocks, % of GNI29.2%12.4%
External debt stocks$914.8M$47B
Short-term debt, % of total reserves0.1%0%
Total debt service, % of exports and primary income3.6%8.3%
Adjusted net savings including particulate emission damage, % of GNI8.2%1.4%
Gross savings, % of GDP18.1%19.3%
Gross capital formation, % of GDP22%19.8%
Total reserves including gold$728.5M$42.8B
Foreign direct investment net inflows$39.6M$2B

Exports, imports and economic structure

StatLesothoNigeria
Exports of goods and services, % of GDP43.8%15.5%
Imports of goods and services, % of GDP84.2%17.5%
Current account balance (balance of payments)-$4M$5.3B
Revenue excluding grants, % of GDP33.8%N/A
Grants excluding technical cooperation, BoP$133M$2B
Personal remittances received$629.4M$24.3B
Industry including construction value added, % of GDP35.5%25.7%
Agriculture, forestry and fishing value added, % of GDP6%21.2%
Charges for the use of intellectual property, payments BoP$3.3M$252.8M
Charges for the use of intellectual property, receipts BoP$219k$7.8M
Expense, % of GDP35.2%N/A
Government Expenditure, % of GDP46.8%11.2%

Compare with countries close by GDP per capita

Lesotho vs

CountryGDP
per capita
Population
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
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
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M

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