New Zealand vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while New Zealand ranked 53rd with $204.9B. By GDP 5-years average growth and GDP per capita, Nigeria and New Zealand ranked 132nd vs 72nd and 149th vs 25th, respectively.

Gross Domestic Product & Income

StatNew ZealandNigeria
GDP$204.9B$397.3B
GDP growth, 1 year3%1.9%
GDP growth, 5-years average3.4%2%
Population4.9M190.9M
GDP per capita$42k$2k
GDP per capita growth0.85%-0.67%
Purchasing Power Parity conversion factor1.48110.03
Price level ratio of PPP conversion factor GDP to market exchange rate1.020.34
GDP per capita, PPP adjusted$40k$6k
GNI, Atlas method$198.6B$384.8B
GNI per capita$41k$2k
GNI, PPP adjusted$192.5B$1.1T
GNI per capita, PPP adjusted$39k$5.7k

Financial system and Human development

StatNew ZealandNigeria
Income Tax Rate33%24%
Corporate Tax Rate28%30%
Inflation, consumer prices1.6%12.1%
Inflation, GDP deflator1.1%10.2%
Unemployment4.5%6%
Economic Freedom Index84.157.2
Personal Freedom Index9.426.01
Human Freedom Index8.946.1
Property Rights Index93.338.1
Judical Effectiveness Index79.132.2
Business Freedom Index90.454.7
Fiscal Health Index98.364.1
Labor Freedom Index86.784
Investment Freedom Index8045
Financial Freedom Index8040
Trade Freedom Index92.262.4
Monetary Freedom Index8761.7
Government Spending Index57.896.2
Tax Burden Index7185.1
Government Integrity Index93.922.3
Corruption Perceptions Index8727
Life expectancy at birth, years81.754
Suicide mortality rate, per 100,000 people12.19.5
Mortality caused by road traffic injury, per 100,000 people7.821.4
Intentional homicides, per 100,000 people0.79.9
International tourism, number of arrivals3.7M5.3M

Government debt & reserves

StatNew ZealandNigeria
Central government debt, % of GDP29.4%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 GNI13.9%1.4%
Gross savings, % of GDP19.6%19.3%
Gross capital formation, % of GDP23.9%19.8%
Total reserves including gold$17.7B$42.8B
Foreign direct investment net inflows$2.1B$2B

Exports, imports and economic structure

StatNew ZealandNigeria
Exports of goods and services, % of GDP28.1%15.5%
Imports of goods and services, % of GDP28.3%17.5%
Current account balance (balance of payments)-$7.7B$5.3B
Revenue excluding grants, % of GDP33%N/A
Grants excluding technical cooperation, BoPN/A$2B
Personal remittances received$452.5M$24.3B
Industry including construction value added, % of GDP19.2%25.7%
Agriculture, forestry and fishing value added, % of GDP6.6%21.2%
Charges for the use of intellectual property, payments BoP$912.8M$252.8M
Charges for the use of intellectual property, receipts BoP$540.5M$7.8M
Expense, % of GDP30.7%N/A
Government Expenditure, % of GDP37.5%11.2%

Compare with countries close by GDP per capita

New Zealand vs

CountryGDP
per capita
Population
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M

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