Morocco vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Morocco ranked 60th with $117.9B. By GDP 5-years average growth and GDP per capita, Nigeria and Morocco ranked 132nd vs 87th and 149th vs 130th, respectively.

Gross Domestic Product & Income

StatMoroccoNigeria
GDP$117.9B$397.3B
GDP growth, 1 year3.1%1.9%
GDP growth, 5-years average3.1%2%
Population36M190.9M
GDP per capita$3.2k$2k
GDP per capita growth1.65%-0.67%
Purchasing Power Parity conversion factor3.51110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.370.34
GDP per capita, PPP adjusted$8.9k$6k
GNI, Atlas method$112.9B$384.8B
GNI per capita$3.1k$2k
GNI, PPP adjusted$308.5B$1.1T
GNI per capita, PPP adjusted$8.4k$5.7k

Financial system and Human development

StatMoroccoNigeria
Income Tax Rate38%24%
Corporate Tax Rate30%30%
Inflation, consumer prices1.9%12.1%
Inflation, GDP deflator1.1%10.2%
Unemployment9%6%
Economic Freedom Index63.357.2
Personal Freedom Index6.116.01
Human Freedom Index6.246.1
Property Rights Index66.338.1
Judical Effectiveness Index4832.2
Business Freedom Index70.454.7
Fiscal Health Index67.264.1
Labor Freedom Index3384
Investment Freedom Index6545
Financial Freedom Index7040
Trade Freedom Index78.662.4
Monetary Freedom Index7761.7
Government Spending Index72.896.2
Tax Burden Index71.885.1
Government Integrity Index39.222.3
Corruption Perceptions Index4327
Life expectancy at birth, years76.254
Suicide mortality rate, per 100,000 people2.99.5
Mortality caused by road traffic injury, per 100,000 people19.621.4
Intentional homicides, per 100,000 people2.19.9
International tourism, number of arrivals12.3M5.3M

Government debt & reserves

StatMoroccoNigeria
Central government debt, % of GDP65.2%28.4%
External debt stocks, % of GNI42.2%12.4%
External debt stocks$49B$47B
Short-term debt, % of total reserves30.4%0%
Total debt service, % of exports and primary income8.8%8.3%
Adjusted net savings including particulate emission damage, % of GNI20.9%1.4%
Gross savings, % of GDP27.7%19.3%
Gross capital formation, % of GDP33.5%19.8%
Total reserves including gold$24.5B$42.8B
Foreign direct investment net inflows$3.6B$2B

Exports, imports and economic structure

StatMoroccoNigeria
Exports of goods and services, % of GDP38.7%15.5%
Imports of goods and services, % of GDP49.3%17.5%
Current account balance (balance of payments)-$6.4B$5.3B
Revenue excluding grants, % of GDP25.8%N/A
Grants excluding technical cooperation, BoP$473.5M$2B
Personal remittances received$6.9B$24.3B
Industry including construction value added, % of GDP25.9%25.7%
Agriculture, forestry and fishing value added, % of GDP12.3%21.2%
Charges for the use of intellectual property, payments BoP$166.9M$252.8M
Charges for the use of intellectual property, receipts BoP$5.1M$7.8M
Expense, % of GDP24.7%N/A
Government Expenditure, % of GDP30.1%11.2%

Compare with countries close by GDP per capita

Morocco vs

CountryGDP
per capita
Population
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
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
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
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

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