Nigeria vs the Palestine: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while the Palestine ranked 125th with $14.6B. By GDP per capita, Nigeria and the Palestine ranked 149th vs 132nd, respectively.

Gross Domestic Product & Income

StatNigeriaPalestine
GDP$397.3B$14.6B
GDP growth, 1 year1.9%0.91%
GDP growth, 5-years average2%N/A
Population190.9M4.7M
GDP per capita$2k$3.2k
GDP per capita growth-0.67%-1.62%
Purchasing Power Parity conversion factor110.032.23
Price level ratio of PPP conversion factor GDP to market exchange rate0.340.62
GDP per capita, PPP adjusted$6k$5.2k
GNI, Atlas method$384.8B$17B
GNI per capita$2k$3.7k
GNI, PPP adjusted$1.1T$27.4B
GNI per capita, PPP adjusted$5.7k$6k

Financial system and Human development

StatNigeriaPalestine
Income Tax Rate24%N/A
Corporate Tax Rate30%N/A
Inflation, consumer prices12.1%-0.2%
Inflation, GDP deflator10.2%-0.1%
Unemployment6%26.3%
Economic Freedom Index57.230
Personal Freedom Index6.014.1
Human Freedom Index6.14
Property Rights Index38.1N/A
Judical Effectiveness Index32.2N/A
Business Freedom Index54.7N/A
Fiscal Health Index64.1N/A
Labor Freedom Index84N/A
Investment Freedom Index45N/A
Financial Freedom Index40N/A
Trade Freedom Index62.4N/A
Monetary Freedom Index61.7N/A
Government Spending Index96.2N/A
Tax Burden Index85.1N/A
Government Integrity Index22.3N/A
Corruption Perceptions Index2718
Life expectancy at birth, years5473.7
Suicide mortality rate, per 100,000 people9.54.3
Mortality caused by road traffic injury, per 100,000 people21.419.5
Intentional homicides, per 100,000 people9.90.7
International tourism, number of arrivals5.3M606k

Government debt & reserves

StatNigeriaPalestine
Central government debt, % of GDP28.4%N/A
External debt stocks, % of GNI12.4%N/A
External debt stocks$47BN/A
Short-term debt, % of total reserves0%N/A
Total debt service, % of exports and primary income8.3%N/A
Adjusted net savings including particulate emission damage, % of GNI1.4%N/A
Gross savings, % of GDP19.3%12.6%
Gross capital formation, % of GDP19.8%24.2%
Total reserves including gold$42.8B$537.8M
Foreign direct investment net inflows$2B$262.5M

Exports, imports and economic structure

StatNigeriaPalestine
Exports of goods and services, % of GDP15.5%19.9%
Imports of goods and services, % of GDP17.5%59.7%
Current account balance (balance of payments)$5.3B-$1.7B
Revenue excluding grants, % of GDPN/A6.9%
Grants excluding technical cooperation, BoP$2B$2.1B
Personal remittances received$24.3B$2.5B
Industry including construction value added, % of GDP25.7%19.6%
Agriculture, forestry and fishing value added, % of GDP21.2%3.2%
Charges for the use of intellectual property, payments BoP$252.8M$1.4M
Charges for the use of intellectual property, receipts BoP$7.8M$1.6k
Expense, % of GDPN/A8.3%
Government Expenditure, % of GDP11.2%N/A

Compare with countries close by GDP per capita

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

Palestine vs

CountryGDP
per capita
Population
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
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
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