Nicaragua vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Nicaragua ranked 133rd with $13.1B. By GDP 5-years average growth and GDP per capita, Nigeria and Nicaragua ranked 132nd vs 91st and 149th vs 148th, respectively.

Gross Domestic Product & Income

StatNicaraguaNigeria
GDP$13.1B$397.3B
GDP growth, 1 year-4%1.9%
GDP growth, 5-years average3%2%
Population6.2M190.9M
GDP per capita$2k$2k
GDP per capita growth-5.02%-0.67%
Purchasing Power Parity conversion factor11.57110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.370.34
GDP per capita, PPP adjusted$5.7k$6k
GNI, Atlas method$13.1B$384.8B
GNI per capita$2k$2k
GNI, PPP adjusted$34.9B$1.1T
GNI per capita, PPP adjusted$5.4k$5.7k

Financial system and Human development

StatNicaraguaNigeria
Income Tax Rate30%24%
Corporate Tax Rate30%30%
Inflation, consumer prices5%12.1%
Inflation, GDP deflator3.4%10.2%
Unemployment4.5%6%
Economic Freedom Index57.257.2
Personal Freedom Index7.416.01
Human Freedom Index7.226.1
Property Rights Index33.538.1
Judical Effectiveness Index19.532.2
Business Freedom Index55.154.7
Fiscal Health Index87.264.1
Labor Freedom Index55.584
Investment Freedom Index6045
Financial Freedom Index5040
Trade Freedom Index75.462.4
Monetary Freedom Index71.561.7
Government Spending Index77.596.2
Tax Burden Index76.385.1
Government Integrity Index24.322.3
Corruption Perceptions Index2527
Life expectancy at birth, years74.154
Suicide mortality rate, per 100,000 people12.29.5
Mortality caused by road traffic injury, per 100,000 people15.321.4
Intentional homicides, per 100,000 people7.49.9
International tourism, number of arrivals1.3M5.3M

Government debt & reserves

StatNicaraguaNigeria
Central government debt, % of GDP37.2%28.4%
External debt stocks, % of GNI90.7%12.4%
External debt stocks$11.6B$47B
Short-term debt, % of total reserves60.3%0%
Total debt service, % of exports and primary income19%8.3%
Adjusted net savings including particulate emission damage, % of GNI14.4%1.4%
Gross savings, % of GDP23.6%19.3%
Gross capital formation, % of GDP22.9%19.8%
Total reserves including gold$2.3B$42.8B
Foreign direct investment net inflows$359.2M$2B

Exports, imports and economic structure

StatNicaraguaNigeria
Exports of goods and services, % of GDP42%15.5%
Imports of goods and services, % of GDP51.3%17.5%
Current account balance (balance of payments)$83M$5.3B
Revenue excluding grants, % of GDP16.8%N/A
Grants excluding technical cooperation, BoP$162.6M$2B
Personal remittances received$1.5B$24.3B
Industry including construction value added, % of GDP25.8%25.7%
Agriculture, forestry and fishing value added, % of GDP15.5%21.2%
Charges for the use of intellectual property, payments BoP$1.9M$252.8M
Charges for the use of intellectual property, receipts BoPN/A$7.8M
Expense, % of GDP16.7%N/A
Government Expenditure, % of GDP27.4%11.2%

Compare with countries close by GDP per capita

Nicaragua vs

CountryGDP
per capita
Population
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
East Timor
$2k
1.3M
Syria
$2k
18.3M
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

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
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
Lesotho
$1.3k
2.23M