Mongolia vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Mongolia ranked 134th with $13.1B. By GDP 5-years average growth and GDP per capita, Nigeria and Mongolia ranked 132nd vs 39th and 149th vs 118th, respectively.

Gross Domestic Product & Income

StatMongoliaNigeria
GDP$13.1B$397.3B
GDP growth, 1 year6.9%1.9%
GDP growth, 5-years average4.7%2%
Population3.1M190.9M
GDP per capita$4.1k$2k
GDP per capita growth5.32%-0.67%
Purchasing Power Parity conversion factor738.48110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.30.34
GDP per capita, PPP adjusted$13k$6k
GNI, Atlas method$11.6B$384.8B
GNI per capita$3.7k$2k
GNI, PPP adjusted$39.6B$1.1T
GNI per capita, PPP adjusted$13k$5.7k

Financial system and Human development

StatMongoliaNigeria
Income Tax Rate10%24%
Corporate Tax Rate25%30%
Inflation, consumer prices7.7%12.1%
Inflation, GDP deflator8.1%10.2%
Unemployment6.3%6%
Economic Freedom Index55.957.2
Personal Freedom Index7.636.01
Human Freedom Index7.176.1
Property Rights Index50.338.1
Judical Effectiveness Index2332.2
Business Freedom Index63.654.7
Fiscal Health Index9.364.1
Labor Freedom Index75.784
Investment Freedom Index5045
Financial Freedom Index6040
Trade Freedom Index7462.4
Monetary Freedom Index74.261.7
Government Spending Index66.696.2
Tax Burden Index87.485.1
Government Integrity Index36.922.3
Corruption Perceptions Index3727
Life expectancy at birth, years69.554
Suicide mortality rate, per 100,000 people139.5
Mortality caused by road traffic injury, per 100,000 people16.521.4
Intentional homicides, per 100,000 people6.29.9
International tourism, number of arrivals529k5.3M

Government debt & reserves

StatMongoliaNigeria
Central government debt, % of GDP73.3%28.4%
External debt stocks, % of GNI253.9%12.4%
External debt stocks$29.4B$47B
Short-term debt, % of total reserves87.3%0%
Total debt service, % of exports and primary income101.6%8.3%
Adjusted net savings including particulate emission damage, % of GNI-10.3%1.4%
Gross savings, % of GDP30.3%19.3%
Gross capital formation, % of GDP43.1%19.8%
Total reserves including gold$3.5B$42.8B
Foreign direct investment net inflows$2B$2B

Exports, imports and economic structure

StatMongoliaNigeria
Exports of goods and services, % of GDP58.7%15.5%
Imports of goods and services, % of GDP64.2%17.5%
Current account balance (balance of payments)-$1.9B$5.3B
Revenue excluding grants, % of GDP24.9%N/A
Grants excluding technical cooperation, BoP$115.6M$2B
Personal remittances received$440.6M$24.3B
Industry including construction value added, % of GDP38.7%25.7%
Agriculture, forestry and fishing value added, % of GDP10.8%21.2%
Charges for the use of intellectual property, payments BoP$16.1M$252.8M
Charges for the use of intellectual property, receipts BoP$1.4M$7.8M
Expense, % of GDP23.8%N/A
Government Expenditure, % of GDP33.4%11.2%

Compare with countries close by GDP per capita

Mongolia vs

CountryGDP
per capita
Population
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k

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