Niger vs Venezuela: Economic Indicators Comparison

Venezuela with a GDP of $482.4B ranked the 27th largest economy in the world, while Niger ranked 146th with $9.3B. By GDP 5-years average growth and GDP per capita, Venezuela and Niger ranked 181st vs 26th and 58th vs 194th, respectively.

Gross Domestic Product & Income

Stat	Niger	Venezuela
GDP	$9.3B	$482.4B
GDP growth, 1 year	5.2%	-18%
GDP growth, 5-years average	5.4%	-12.2%
Population	21.5M	28.5M
GDP per capita	$414	$16k
GDP per capita growth	2.5%	-18.17%
Purchasing Power Parity conversion factor	216.34	5.57
Price level ratio of PPP conversion factor GDP to market exchange rate	0.39	0.89
GDP per capita, PPP adjusted	$1.2k	$8.8k
GNI, Atlas method	$8.7B	$392.9B
GNI per capita	$390	$13k
GNI, PPP adjusted	$23.3B	$352.8B
GNI per capita, PPP adjusted	$1k	$12k

Financial system and Human development

Stat	Niger	Venezuela
Income Tax Rate	35%	34%
Corporate Tax Rate	30%	34%
Inflation, consumer prices	3%	929789.5%
Inflation, GDP deflator	2.6%	748.1%
Unemployment	0.3%	8.4%
Economic Freedom Index	54.7	25.2
Personal Freedom Index	6.67	6.33
Human Freedom Index	6	5.27
Property Rights Index	45.6	10.1
Judical Effectiveness Index	42.6	12.6
Business Freedom Index	55.4	30.8
Fiscal Health Index	44.7	0
Labor Freedom Index	47.9	27.7
Investment Freedom Index	55	0
Financial Freedom Index	40	10
Trade Freedom Index	61.2	58
Monetary Freedom Index	74.8	0
Government Spending Index	79	66.3
Tax Burden Index	76.7	72.8
Government Integrity Index	33.4	14.6
Corruption Perceptions Index	34	18
Life expectancy at birth, years	61.6	72.2
Suicide mortality rate, per 100,000 people	4.6	3.7
Mortality caused by road traffic injury, per 100,000 people	26.2	33.7
Intentional homicides, per 100,000 people	4.4	56.3
International tourism, number of arrivals	157k	427k

Government debt & reserves

Stat	Niger	Venezuela
Central government debt, % of GDP	55.1%	175.6%
External debt stocks, % of GNI	36.1%	33.9%
External debt stocks	$3.3B	$154.9B
Short-term debt, % of total reserves	N/A	421.1%
Total debt service, % of exports and primary income	8.5%	69%
Adjusted net savings including particulate emission damage, % of GNI	5%	7.2%
Gross savings, % of GDP	20.2%	8.9%
Gross capital formation, % of GDP	37.1%	-3.7%
Total reserves including gold	N/A	$9.8B
Foreign direct investment net inflows	$2B	$956M

Exports, imports and economic structure

Stat	Niger	Venezuela
Exports of goods and services, % of GDP	15.7%	30.7%
Imports of goods and services, % of GDP	33%	36.4%
Current account balance (balance of payments)	-$1.3B	-$3.9B
Revenue excluding grants, % of GDP	14.6%	N/A
Grants excluding technical cooperation, BoP	$881.8M	$125.8M
Personal remittances received	$296.7M	$297.1M
Industry including construction value added, % of GDP	15.5%	37.2%
Agriculture, forestry and fishing value added, % of GDP	39.2%	5%
Charges for the use of intellectual property, payments BoP	$2M	$258M
Charges for the use of intellectual property, receipts BoP	$6.2k	N/A
Expense, % of GDP	10.2%	N/A
Government Expenditure, % of GDP	26.5%	33.5%