Maldives vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Maldives ranked 155th with $5.3B. By GDP 5-years average growth and GDP per capita, Nigeria and Maldives ranked 132nd vs 22nd and 149th vs 72nd, respectively.

Gross Domestic Product & Income

StatMaldivesNigeria
GDP$5.3B$397.3B
GDP growth, 1 year7%1.9%
GDP growth, 5-years average6.3%2%
Population436k190.9M
GDP per capita$10k$2k
GDP per capita growth2.89%-0.67%
Purchasing Power Parity conversion factor10.39110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.670.34
GDP per capita, PPP adjusted$22k$6k
GNI, Atlas method$4.8B$384.8B
GNI per capita$9.3k$2k
GNI, PPP adjusted$7.3B$1.1T
GNI per capita, PPP adjusted$14k$5.7k

Financial system and Human development

StatMaldivesNigeria
Income Tax Rate0%24%
Corporate Tax Rate0%30%
Inflation, consumer prices1.5%12.1%
Inflation, GDP deflator5.3%10.2%
Unemployment6.1%6%
Economic Freedom Index56.557.2
Personal Freedom Index7.26.01
Human Freedom Index7.16.1
Property Rights Index48.538.1
Judical Effectiveness Index31.732.2
Business Freedom Index78.754.7
Fiscal Health Index42.964.1
Labor Freedom Index70.684
Investment Freedom Index3545
Financial Freedom Index3040
Trade Freedom Index6162.4
Monetary Freedom Index7761.7
Government Spending Index67.996.2
Tax Burden Index95.885.1
Government Integrity Index39.222.3
Corruption Perceptions Index3127
Life expectancy at birth, years78.354
Suicide mortality rate, per 100,000 people2.39.5
Mortality caused by road traffic injury, per 100,000 people0.921.4
Intentional homicides, per 100,000 people0.89.9
International tourism, number of arrivals1.5M5.3M

Government debt & reserves

StatMaldivesNigeria
Central government debt, % of GDP61.5%28.4%
External debt stocks, % of GNI48%12.4%
External debt stocks$2.3B$47B
Short-term debt, % of total reserves36.4%0%
Total debt service, % of exports and primary income9.2%8.3%
Adjusted net savings including particulate emission damage, % of GNIN/A1.4%
Gross savings, % of GDPN/A19.3%
Gross capital formation, % of GDPN/A19.8%
Total reserves including gold$722.1M$42.8B
Foreign direct investment net inflows$538.5M$2B

Exports, imports and economic structure

StatMaldivesNigeria
Exports of goods and services, % of GDP69.1%15.5%
Imports of goods and services, % of GDP77.2%17.5%
Current account balance (balance of payments)-$1.4B$5.3B
Revenue excluding grants, % of GDP25.7%N/A
Grants excluding technical cooperation, BoP$72.6M$2B
Personal remittances received$4.2M$24.3B
Industry including construction value added, % of GDP12.9%25.7%
Agriculture, forestry and fishing value added, % of GDP5.6%21.2%
Charges for the use of intellectual property, payments BoP$3.5M$252.8M
Charges for the use of intellectual property, receipts BoP$5.6M$7.8M
Expense, % of GDP25.1%N/A
Government Expenditure, % of GDP32.7%11.2%

Compare with countries close by GDP per capita

Maldives vs

CountryGDP
per capita
Population
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k

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