Nigeria has a GDP of $252B compared to $34.9B for North Korea, ranking 54/197 and 106/197 by economy size, respectively.
Nigeria vs North Korea GDP by year
| Year | GDP, current $ | |
|---|---|---|
Nigeria
|
North Korea
|
|
| 2024 | $252,261,880,141 | $34,943,120,000 |
| 2023 | $487,387,801,881 | $32,155,360,000 |
| 2022 | $646,950,257,578 | $28,971,360,000 |
| 2021 | $609,147,716,973 | $32,301,720,000 |
| 2020 | $598,586,817,819 | $27,728,240,000 |
| 2019 | $668,219,992,691 | $28,222,880,000 |
| 2018 | $421,739,251,509 | $28,536,400,000 |
| 2017 | $375,745,731,053 | $29,105,440,000 |
| 2016 | $404,649,125,252 | $28,882,640,000 |
| 2015 | $493,026,682,801 | $30,723,030,000 |
| 2014 | $574,183,763,412 | $30,554,460,000 |
| 2013 | $520,117,180,314 | $30,588,922,000 |
| 2012 | $463,971,018,239 | $29,890,710,000 |
| 2011 | $414,466,676,831 | $29,005,020,000 |
| 2010 | $366,990,417,129 | $25,995,513,000 |
| 2009 | $295,008,835,381 | $23,356,470,000 |
| 2008 | $339,476,276,258 | - |
| 2007 | $278,260,846,800 | - |
| 2006 | $238,454,997,161 | - |
| 2005 | $175,670,569,969 | - |
| 2004 | $135,764,731,646 | - |
| 2003 | $104,738,954,264 | - |
| 2002 | $95,054,059,303 | - |
| 2001 | $73,557,840,064 | - |
| 2000 | $69,171,451,627 | - |
| 1999 | $59,145,077,039 | - |
| 1998 | $218,416,200,673 | - |
| 1997 | $200,850,397,618 | - |
| 1996 | $185,730,236,700 | - |
| 1995 | $140,919,776,986 | - |
| 1994 | $80,399,613,064 | - |
| 1993 | $56,721,051,402 | - |
| 1992 | $52,058,181,854 | - |
| 1991 | $59,526,833,412 | - |
| 1990 | $54,035,795,388 | - |
| 1989 | $44,003,061,108 | - |
| 1988 | $49,648,470,440 | - |
| 1987 | $52,676,041,931 | - |
| 1986 | $54,805,852,581 | - |
| 1985 | $73,745,821,158 | - |
| 1984 | $73,484,359,521 | - |
| 1983 | $97,094,911,792 | - |
| 1982 | $142,769,363,314 | - |
| 1981 | $164,475,209,516 | - |
| 1980 | $64,201,788,123 | - |
| 1979 | $47,259,911,894 | - |
| 1978 | $36,527,862,209 | - |
| 1977 | $36,035,407,725 | - |
| 1976 | $36,308,883,249 | - |
| 1975 | $27,778,934,625 | - |
| 1974 | $24,846,641,318 | - |
| 1973 | $15,162,871,287 | - |
| 1972 | $12,274,416,018 | - |
| 1971 | $9,181,769,912 | - |
| 1970 | $12,546,094,982 | - |
| 1969 | $6,634,317,346 | - |
| 1968 | $5,200,997,920 | - |
| 1967 | $5,203,237,919 | - |
| 1966 | $6,366,917,453 | - |
| 1965 | $5,874,537,650 | - |
| 1964 | $5,552,931,319 | - |
| 1963 | $5,165,590,254 | - |
| 1962 | $4,909,399,176 | - |
| 1961 | $4,467,287,893 | - |
| 1960 | $4,196,174,502 | - |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/nigeria/north-korea | CC BY 
GDP per capita in Nigeria vs North Korea by year
| Year | Current $ | |||
|---|---|---|---|---|
|
Nigeria
|
North Korea
|
|||
| GDP per capita | GDP per capita, PPP | GDP per capita | GDP per capita, PPP | |
| 2024 | $1,084 | $9,087 | $1,319 | - |
| 2023 | $2,139 | $8,705 | $1,217 | - |
| 2022 | $2,899 | $8,305 | $1,100 | - |
| 2021 | $2,787 | $7,588 | $1,231 | - |
| 2020 | $2,797 | $7,415 | $1,061 | - |
| 2019 | $3,190 | $7,551 | $1,084 | - |
| 2018 | $2,058 | $7,158 | $1,100 | - |
| 2017 | $1,876 | $7,037 | $1,127 | - |
| 2016 | $2,070 | $7,072 | $1,124 | - |
| 2015 | $2,586 | $7,308 | $1,201 | $1,700 |
| 2014 | $3,089 | $7,396 | $1,201 | $1,800 |
| 2013 | $2,873 | $7,004 | $1,208 | - |
| 2012 | $2,633 | $6,671 | $1,186 | - |
| 2011 | $2,418 | $6,585 | $1,156 | $1,800 |
| 2010 | $2,202 | $6,301 | $1,040 | - |
| 2009 | $1,820 | $5,927 | $939 | $1,800 |
| 2008 | $2,154 | $5,607 | - | $1,800 |
| 2007 | $1,816 | $5,298 | - | $1,700 |
| 2006 | $1,600 | $4,975 | - | $1,800 |
| 2005 | $1,211 | $4,678 | - | $1,700 |
| 2004 | $962 | $4,381 | - | $1,700 |
| 2003 | $763 | $4,015 | - | $1,300 |
| 2002 | $712 | $3,770 | - | $1,000 |
| 2001 | $566 | $3,309 | - | - |
| 2000 | $547 | $3,139 | - | $1,000 |
| 1999 | $481 | $3,002 | - | $1,000 |
| 1998 | $1,822 | $3,022 | - | - |
| 1997 | $1,720 | $2,990 | - | - |
| 1996 | $1,633 | $2,931 | - | - |
| 1995 | $1,272 | $2,835 | - | - |
| 1994 | $745 | $2,853 | - | - |
| 1993 | $540 | $2,921 | - | - |
| 1992 | $509 | $2,991 | - | - |
| 1991 | $597 | $2,870 | - | - |
| 1990 | $556 | $2,840 | - | - |
| 1989 | $465 | - | - | - |
| 1988 | $540 | - | - | - |
| 1987 | $588 | - | - | - |
| 1986 | $628 | - | - | - |
| 1985 | $869 | - | - | - |
| 1984 | $890 | - | - | - |
| 1983 | $1,207 | - | - | - |
| 1982 | $1,822 | - | - | - |
| 1981 | $2,162 | - | - | - |
| 1980 | $870 | - | - | - |
| 1979 | $661 | - | - | - |
| 1978 | $527 | - | - | - |
| 1977 | $536 | - | - | - |
| 1976 | $556 | - | - | - |
| 1975 | $438 | - | - | - |
| 1974 | $403 | - | - | - |
| 1973 | $252.4 | - | - | - |
| 1972 | $209.5 | - | - | - |
| 1971 | $160.5 | - | - | - |
| 1970 | $224.5 | - | - | - |
| 1969 | $121.4 | - | - | - |
| 1968 | $97.3 | - | - | - |
| 1967 | $99.5 | - | - | - |
| 1966 | $124.4 | - | - | - |
| 1965 | $117.3 | - | - | - |
| 1964 | $113.3 | - | - | - |
| 1963 | $107.7 | - | - | - |
| 1962 | $104.5 | - | - | - |
| 1961 | $97.1 | - | - | - |
| 1960 | $93.1 | - | - | - |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20).
GeoRank.org/economy/nigeria/north-korea | CC BY
Nigeria's GDP per capita is $1,084, ranking 174/197, compared to $1,319 in North Korea, ranking 168/197. Adjusted for purchasing power (GDP per capita PPP), Nigeria ranks 136th at $9,087, while North Korea ranks 193rd at $1,700.
Economic indicators
|
Nigeria
|
North Korea
|
|
|---|---|---|
| Gross domestic product |
$252B
2024 |
$34.9B
2024 |
| GDP rank |
54/197
2024 |
106/197
2024 |
| GDP growth |
4.06%
2023-2024 |
n/a |
| GDP per capita |
$1,084
2024 |
$1,319
2024 |
| GDP per capita rank |
174/197
2024 |
168/197
2024 |
| GDP per capita, PPP |
$9,087
2024 |
$1,700
2015 |
| GDP per capita PPP rank |
136/197
2024 |
193/197
2015 |
| Government debt |
$99.2B
2024 |
n/a |
| Debt-to-GDP ratio |
39.3%
2024 |
n/a |
| Government debt per person |
$426
2024 |
n/a |
| Government debt per person rank |
170/185
2024 |
n/a |
| Average annual personal income after taxes |
$1,104
2026 |
$1,426
2026 |
| Market capitalization of domestic companies |
$54.4B
2024 |
n/a |
| Number of billionaires |
4
2025 |
n/a |
| Income share by richest 10% |
26.3%
2022 |
n/a |
| Income share by poorest 10% |
3%
2022 |
n/a |
| Government expenditure, % of GDP |
12.3%
2024 |
n/a |
| Consumer prices inflation |
33.2%
2023-2024 |
n/a |
| Central bank interest rate |
27%
2025 |
n/a |
| Unemployment rate |
3.45%
2024 |
25.6%
2013 |
| Population |
243824469
|
26659144
|
Top exports between countries
|
Nigeria
|
|
|---|---|
| Export category | Export value |
| Metals | $1.24M |
| Raw agricultural goods | $726K |
| Chemicals & pharma | $72K |
|
North Korea
|
|
|---|---|
| Export category | Export value |
| Animal & marine products | $2.6M |
| Chemicals & pharma | $1.85M |
| Miscellaneous | $1.06M |
| Machinery & equipment | $426K |
| Metals | $198K |
| Wood & paper products | $180K |
| Raw materials & minerals | $21K |
| Textiles & consumer goods | $2K |
Balance of trade
|
Nigeria
|
North Korea
|
|
|---|---|---|
|
Current account balance
|
$17.2B
2024 |
n/a |
| Current account balance ranking |
20/190
2024 |
n/a |
| Current account balance, % of GDP |
+6.82%
2024 |
n/a |
| Goods imports |
$39.8B
2024 |
n/a |
| Goods exports |
$53B
2024 |
n/a |
| Service imports |
$17.9B
2024 |
n/a |
| Service exports |
$4.57B
2024 |
n/a |
| Imports of goods and services, % of GDP |
16.9%
1960 |
n/a |
| Exports of goods and services, % of GDP |
9.24%
1960 |
n/a |
Economic freedom indices
The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.
|
Nigeria
|
North Korea
|
|
|---|---|---|
| Economic freedom | 54.8 | 3.1 |
| Economic freedom ranking | 132/197 | 197/197 |
| Property rights | 29.7 | 16.3 |
| Government integrity | 23.5 | 4.3 |
| Judicial effectiveness | 34.4 | 6.3 |
| Tax burden | 84.6 | 0 |
| Government spending | 96.3 | 0 |
| Fiscal health | 83.5 | 0 |
| Business freedom | 50.3 | 5 |
| Labor freedom | 75.4 | 5 |
| Monetary freedom | 56.1 | 0 |
| Trade freedom | 64.4 | 0 |
| Investment freedom | 30 | 0 |
| Financial freedom | 30 | 0 |
Economic freedom comparison by year
| Year | Economic freedom index | |
|---|---|---|
|
Nigeria
|
North Korea
|
|
| 2026 | 54.8 | 3.1 |
| 2025 | 53.4 | 3 |
| 2024 | 53.1 | 2.9 |
| 2023 | 53.9 | 2.9 |
| 2022 | 54.4 | 3 |
| 2021 | 58.7 | 5.2 |
| 2020 | 57.2 | 4.2 |
| 2019 | 57.3 | 5.9 |
| 2018 | 58.5 | 5.8 |
| 2017 | 57.1 | 4.9 |
| 2016 | 57.5 | 2.3 |
| 2015 | 55.6 | 1.3 |
| 2014 | 54.3 | 1 |
| 2013 | 55.1 | 1.5 |
| 2012 | 56.3 | 1 |
| 2011 | 56.7 | 1 |
| 2010 | 56.8 | 1 |
| 2009 | 55.1 | 2 |
| 2008 | 55.1 | 3 |
| 2007 | 55.6 | 3 |
| 2006 | 48.7 | 4 |
| 2005 | 48.4 | 8 |
| 2004 | 49.2 | 8.9 |
| 2003 | 49.5 | 8.9 |
| 2002 | 50.9 | 8.9 |
| 2001 | 49.6 | 8.9 |
| 2000 | 53.1 | 8.9 |
| 1999 | 55.7 | 8.9 |
| 1998 | 52.3 | 8.9 |
| 1997 | 52.8 | 8.9 |
| 1996 | 47.4 | 8.9 |
| 1995 | 47.3 | 8.9 |
Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).
GeoRank.org/economy/nigeria/north-korea | CC BY
The Economic Freedom Index for Nigeria is 54.8, ranking 132/197, compared to 3.1 for North Korea, ranking 197/197. The chart above displays a comparison of annual changes in economic freedom indexes.
Other economic metrics
|
Nigeria
|
North Korea
|
|
|---|---|---|
| Services, % of GDP |
53.7%
2024 |
n/a |
| Industry, % of GDP |
18.2%
2024 |
n/a |
| Agriculture, forestry, and fishing, % of GDP |
25.9%
2024 |
n/a |
|
GNI, Atlas method
|
$396B
2024 |
n/a |
| GNI per capita, PPP |
$8,850
2024 |
n/a |
| Total reserves including gold |
$38.6B
2024 |
n/a |
| Total reserves ranking |
51/177
2024 |
n/a |
|
Net foreign direct investment
|
-$672M
2024 |
n/a |
|
Net inflows of foreign direct investment
|
$1.08B
2024 |
$203K
1989 |
|
Net outflows of foreign direct investment
|
$408M
2024 |
$0
2024 |
|
Servicing debt to the IMF, % of GNI
|
5.48%
2024 |
n/a |
| Poverty at national poverty lines |
56.2%
2023 |
n/a |
GDP per capita map
Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).
GeoRank.org/economy/nigeria/north-korea | CC BY
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Data sources:
- World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
- The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
- U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
- Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-02-20)
- TradeMap (2022–2023, retrieved 2026-02-08)
- International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
- United Nations | World Population Prospects (2026, retrieved 2026-03-10)
- LivingCost (2026, retrieved 2025-10-14)
Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.
The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.
Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.
A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).
Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.
Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.
Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.