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Economy of Nigeria vs Saint Kitts and Nevis compared: GDP & Debt

Updated on by Georank

Nigeria has a GDP of $291B compared to $1.18B for Saint Kitts and Nevis, ranking 50/197 and 188/197 by economy size, respectively.

Nigeria has $103B in government debt (35.5% of GDP), compared to $691M (58.4% of GDP) in Saint Kitts and Nevis.

Nigeria vs Saint Kitts and Nevis GDP by year

Nigeria
Saint Kitts and Nevis
1x
Year GDP, current $
Nigeria Saint Kitts
2025 $290,794,361,542 $1,183,514,815
2024 $252,261,880,140 $1,122,388,889
2023 $487,387,801,878 $1,055,651,852
2022 $646,950,257,575 $981,429,630
2021 $609,147,716,965 $858,622,222
2020 $598,586,817,817 $883,922,222
2019 $668,219,992,687 $1,107,855,556
2018 $421,739,251,509 $1,076,548,148
2017 $375,745,731,053 $1,056,977,778
2016 $404,649,125,252 $1,006,818,519
2015 $493,026,682,801 $957,222,222
2014 $574,183,763,412 $952,111,111
2013 $520,117,180,314 $874,548,148
2012 $463,971,018,239 $824,585,185
2011 $414,466,676,831 $836,092,593
2010 $366,990,417,129 $778,718,519
2009 $295,008,835,381 $774,274,074
2008 $339,476,276,258 $777,692,593
2007 $278,260,846,800 $689,285,185
2006 $238,454,997,161 $644,414,815
2005 $175,670,569,969 $547,203,704
2004 $135,764,731,646 $506,900,000
2003 $104,738,954,264 $469,869,870
2002 $95,054,059,303 $481,077,374
2001 $73,557,840,064 $458,643,829
2000 $69,171,451,627 $421,695,770
1999 $59,145,077,039 $406,595,484
1998 $218,416,200,673 $383,257,331
1997 $200,850,397,618 $374,641,308
1996 $185,730,236,700 $333,944,444
1995 $140,919,776,986 $313,485,185
1994 $80,399,613,064 $295,159,259
1993 $56,721,051,402 $263,755,556
1992 $52,058,181,854 $242,137,037
1991 $59,526,833,412 $220,540,741
1990 $54,035,795,388 $217,259,259
1989 $44,003,061,108 $192,518,519
1988 $49,648,470,440 $172,692,593
1987 $52,676,041,931 $147,748,148
1986 $54,805,852,581 $130,685,185
1985 $73,745,821,158 $111,007,407
1984 $73,484,359,521 $98,603,704
1983 $97,094,911,792 $86,874,074
1982 $142,769,363,314 $86,022,222
1981 $164,475,209,516 $80,888,889
1980 $64,201,788,123 $68,459,259
1979 $47,259,911,894 $58,840,741
1978 $36,527,862,209 $49,433,333
1977 $36,035,407,725 $44,496,296
1976 $36,308,883,249 $30,095,602
1975 $27,778,934,625 $33,364,055
1974 $24,846,641,318 $31,514,856
1973 $15,162,871,287 $24,196,018
1972 $12,274,416,018 $22,944,849
1971 $9,181,769,912 $19,624,746
1970 $12,546,094,982 $16,300,000
1969 $6,634,317,346 $15,850,000
1968 $5,200,997,920 $14,600,000
1967 $5,203,237,919 $16,742,338
1966 $6,366,917,453 $14,469,078
1965 $5,874,537,650 $13,593,932
1964 $5,552,931,319 $13,416,633
1963 $5,165,590,254 $12,833,301
1962 $4,909,399,176 $12,541,635
1961 $4,467,287,893 $12,483,302
1960 $4,196,174,502 $12,366,636

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/nigeria/saint-kitts-and-nevis | CC BY

GDP per capita in Nigeria vs Saint Kitts and Nevis by year

Nigeria
GDP per capita

GDP per capita, PPP
Saint Kitts and Nevis
GDP per capita

GDP per capita, PPP
1x
Year Current $
Nigeria Saint Kitts
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,224 - $25,223 -
2024 $1,084 $9,087 $23,961 $34,847
2023 $2,139 $8,705 $22,577 $33,980
2022 $2,899 $8,305 $21,012 $31,871
2021 $2,787 $7,588 $18,361 $26,897
2020 $2,797 $7,415 $18,859 $27,326
2019 $3,190 $7,551 $23,595 $32,482
2018 $2,058 $7,158 $22,901 $30,795
2017 $1,876 $7,037 $22,465 $29,579
2016 $2,070 $7,072 $21,388 $28,215
2015 $2,586 $7,308 $20,329 $26,877
2014 $3,089 $7,396 $20,219 $26,756
2013 $2,873 $7,004 $18,580 $24,624
2012 $2,633 $6,671 $17,532 $23,458
2011 $2,418 $6,585 $17,832 $24,550
2010 $2,202 $6,301 $16,623 $23,691
2009 $1,820 $5,927 $16,503 $23,385
2008 $2,154 $5,607 $16,605 $24,102
2007 $1,816 $5,298 $14,758 $21,301
2006 $1,600 $4,975 $13,838 $20,676
2005 $1,211 $4,678 $11,784 $19,500
2004 $962 $4,381 $10,945 $17,276
2003 $763 $4,015 $10,176 $16,226
2002 $712 $3,770 $10,454 $16,619
2001 $566 $3,309 $10,023 $16,235
2000 $547 $3,139 $9,320 $15,256
1999 $481 $3,002 $9,116 $13,754
1998 $1,822 $3,022 $8,711 $13,319
1997 $1,720 $2,990 $8,627 $13,409
1996 $1,633 $2,931 $7,788 $12,498
1995 $1,272 $2,835 $7,406 $11,747
1994 $745 $2,853 $7,065 $11,062
1993 $540 $2,921 $6,395 $10,418
1992 $509 $2,991 $5,947 $9,652
1991 $597 $2,870 $5,465 $9,131
1990 $556 $2,840 $5,373 $8,983
1989 $465 - $4,723 -
1988 $540 - $4,206 -
1987 $588 - $3,573 -
1986 $628 - $3,140 -
1985 $869 - $2,651 -
1984 $890 - $2,341 -
1983 $1,207 - $2,052 -
1982 $1,822 - $2,023 -
1981 $2,162 - $1,894 -
1980 $870 - $1,598 -
1979 $661 - $1,367 -
1978 $527 - $1,144 -
1977 $536 - $1,026 -
1976 $556 - $692 -
1975 $438 - $765 -
1974 $403 - $721 -
1973 $252.4 - $551 -
1972 $209.5 - $521 -
1971 $160.5 - $444 -
1970 $224.5 - $365 -
1969 $121.4 - $347 -
1968 $97.3 - $309 -
1967 $99.5 - $344 -
1966 $124.4 - $290 -
1965 $117.3 - $265.8 -
1964 $113.3 - $256.4 -
1963 $107.7 - $240.1 -
1962 $104.5 - $230.3 -
1961 $97.1 - $225.6 -
1960 $93.1 - $221.6 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/nigeria/saint-kitts-and-nevis | CC BY

Nigeria's GDP per capita is $1,224, ranking 172/197, compared to $25,223 in Saint Kitts and Nevis, ranking 53/197. Adjusted for purchasing power (GDP per capita PPP), Nigeria ranks 136th at $9,087, while Saint Kitts and Nevis ranks 64th at $34,847.

Economic indicators

Nigeria Saint Kitts
Gross domestic product
$291B
2025
$1.18B
2025
GDP rank
50/197
2025
188/197
2025
GDP growth
4.01%
2024-2025
2.69%
2024-2025
GDP per capita
$1,224
2025
$25,223
2025
GDP per capita rank
172/197
2025
53/197
2025
GDP per capita, PPP
$9,087
2024
$34,847
2024
GDP per capita PPP rank
136/197
2024
64/197
2024
Government debt
$103B
2025
$691M
2025
Debt-to-GDP ratio
35.5%
2025
58.4%
2025
Government debt per person
$434
2025
$14,732
2025
Government debt per person rank
170/185
2025
45/185
2025
Average annual personal income after taxes
$768
2026
$13,351
2026
Market capitalization of domestic companies
$86.9B
2025
n/a
Number of billionaires
4
2026
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
11.7%
2025
42.4%
2025
Consumer prices inflation
23%
2024-2025
1.3%
2024-2025
Central bank interest rate
26.5%
2026
n/a
Unemployment rate
3.45%
2024
5.12%
2001
Population
245016045
47031

Spending and national debt comparison by year

Nigeria
Spending

Debt
Saint Kitts and Nevis
Spending

Debt
1x
Year % of GDP
Nigeria Saint Kitts
Government spending Government debt Government spending Government debt
2025 11.7% 35.5% 42.4% 58.4%
2024 12% 39.3% 44.4% 58.1%
2023 10.4% 36.3% 43.7% 60%
2022 10.6% 29.8% 50.4% 64.5%
2021 9.09% 26.6% 42% 73%
2020 8.73% 25.7% 37.2% 71.7%
2019 8.87% 21.4% 37.9% 57.2%
2018 9.1% 20.4% 34.2% 54.7%
2017 8.51% 18% 25.5% 56.2%
2016 6.93% 17.4% 26.1% 57.4%
2015 7.85% 14.9% 29% 62.2%
2014 9.49% 15.8% 27.4% 67.9%
2013 10% 13% 27.9% 89.3%
2012 10.5% 12.5% 26.4% 118%
2011 12.3% 12.4% 30.3% 127.1%
2010 11.8% 6.67% 31.2% 134.9%
2009 11% 6.12% 30.4% 129.1%
2008 10.2% 5.17% 29.5% 123.4%
2007 12.9% 5.76% 30.9% 130.1%
2006 8.75% 6.68% 31.2% 134.8%
2005 12.6% 13.4% 33% 124%
2004 13% 25.2% 32.4% 147.2%
2003 16.5% 29.9% 30% 136.6%
2002 13.8% 30.7% 34.1% 115.2%
2001 21.9% 37.7% 29.5% 100.5%
2000 17.6% 40.9% 33.3% 92.9%
1999 14.9% 46.1% 33.6% 89.2%
1998 11.2% 15.8% 29.1% 79%
1997 9.68% 17.1% 26.3% 67.2%
1996 7.87% 17.9% 26.8% 50.7%
1995 8.87% 24.2% 23.7% -
1994 12.1% 39.7% 22.2% -
1993 20% 50.4% 21.3% -
1992 15.9% 49.8% 19.8% -
1991 13.6% 53.2% 18.2% -
1990 14.2% 50.9% 19.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/nigeria/saint-kitts-and-nevis | CC BY

In 2025, Nigeria's government spending was $34.1B, accounting for 11.7% of its GDP, while Saint Kitts and Nevis spent $502M, or 42.4% of GDP.

Debt-to-GDP ratio is 35.5% in Nigeria and 58.4% in Saint Kitts and Nevis, ranking 143/185 and 82/185, respectively.

Government deficit by year

Deficit/surplus
Nigeria

Saint Kitts and Nevis
1x
Year Deficit/surplus, % of GDP
Nigeria Saint Kitts
2025 -1.76% -11.7%
2024 -1.27% -11.3%
2023 -3.12% 0.21%
2022 -4% -4.23%
2021 -3.97% 5.5%
2020 -4.03% -3.12%
2019 -3.31% -0.71%
2018 -3.06% 1.82%
2017 -3.85% 1.68%
2016 -3.3% 3.77%
2015 -2.7% 5.66%
2014 -1.72% 8.33%
2013 -1.89% 10.7%
2012 -0.09% 4.2%
2011 0.31% 1.6%
2010 -2.96% -4.15%
2009 -3.78% -1.23%
2008 4.05% -1.57%
2007 -0.79% -0.99%
2006 6.22% -1.31%
2005 3.49% -3.29%
2004 3.9% -6.34%
2003 -1.56% -5.49%
2002 0.95% -11.3%
2001 -2.29% -10.4%
2000 2.89% -12.8%
1999 -1.39% -11.1%
1998 -3.47% -5.13%
1997 1.14% -2.33%
1996 3.37% -2.27%
1995 2.52% 0.9%
1994 -2.96% 0.79%
1993 -6.07% 0.24%
1992 0.94% 0.5%
1991 -1.18% 0.92%
1990 -0.48% 0.62%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/nigeria/saint-kitts-and-nevis | CC BY

In 2025, Nigeria's government deficit, the difference between spending and revenue, was $5.12B, equivalent to 1.76% of GDP. This compares to Saint Kitts and Nevis' deficit of $139M, or 11.7% of GDP.

Over the past 36 years, Nigeria recorded a fiscal deficit in 25 of those years, while Saint Kitts and Nevis ran a deficit in 20 years. On average, Nigeria posted an annual deficit equal to 0.98% of GDP, compared to deficit of 1.76% of GDP for Saint Kitts and Nevis.

Inflation comparison by year

Inflation
Nigeria

Saint Kitts and Nevis
1x
Year Consumer prices inflation
Nigeria Saint Kitts
2025 23% 1.3%
2024 33.2% 1.1%
2023 24.7% 3.6%
2022 18.8% 2.7%
2021 17% 1.2%
2020 13.2% -1.2%
2019 11.4% -0.3%
2018 12.1% -1%
2017 16.5% 0.7%
2016 15.7% -0.7%
2015 9.01% -2.3%
2014 8.05% 0.2%
2013 8.5% 1.1%
2012 12.2% 0.8%
2011 10.8% 5.8%
2010 13.7% 0.9%
2009 12.5% 2.1%
2008 11.6% 5.3%
2007 5.39% 4.5%
2006 8.23% 8.5%
2005 17.9% 3.4%
2004 15% 2.2%
2003 14% 2.3%
2002 12.9% 2.1%
2001 18.9% 2.1%
2000 6.93% 2.1%
1999 6.62% 3.4%
1998 10% 3.7%
1997 8.53% 8.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/nigeria/saint-kitts-and-nevis | CC BY

Over the past 29 years, Nigeria has recorded an average annual inflation rate of 13.7%, compared with 2.22% in Saint Kitts and Nevis. In 2025, inflation was 23% in Nigeria and 1.3% in Saint Kitts and Nevis.

Balance of trade

Nigeria Saint Kitts
Current account balance
$14B
2025
-$162M
2025
Current account balance ranking
21/190
2025
88/190
2025
Current account balance, % of GDP
+4.83%
2025
-13.7%
2025
Goods imports
$43B
2025
$448M
2025
Goods exports
$57.5B
2025
$46.5M
2025
Service imports
$19.6B
2025
$259M
2025
Service exports
$5.06B
2025
$529M
2025
Imports of goods and services, % of GDP
16.9%
1960
n/a
Exports of goods and services, % of GDP
9.24%
1960
11%
2026

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Nigeria Saint Kitts
Economic freedom 54.8 62
Economic freedom ranking 132/197 90/197
Property rights 29.7 n/a
Government integrity 23.5 n/a
Judicial effectiveness 34.4 n/a
Tax burden 84.6 n/a
Government spending 96.3 n/a
Fiscal health 83.5 n/a
Business freedom 50.3 n/a
Labor freedom 75.4 n/a
Monetary freedom 56.1 n/a
Trade freedom 64.4 n/a
Investment freedom 30 n/a
Financial freedom 30 n/a

Other economic metrics

Nigeria Saint Kitts
Services, % of GDP
58.2%
2025
66.2%
2025
Industry, % of GDP
16.4%
2025
20.8%
2025
Agriculture, forestry, and fishing, % of GDP
23%
2025
1.29%
2025
GNI, Atlas method
$324B
2025
$1.15B
2025
GNI per capita, PPP
$9,230
2025
$36,430
2025
Total reserves including gold
$46B
2025
$282M
2025
Total reserves ranking
52/177
2025
167/177
2025
Net foreign direct investment
-$2.82B
2025
-$18.5M
2025
Net inflows of foreign direct investment
$1.61B
2024
$42.1M
2024
Net outflows of foreign direct investment
$408M
2024
$8.97M
2024
Servicing debt to the IMF, % of GNI
5.46%
2024
n/a
Poverty at national poverty lines
56.2%
2023
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/nigeria/saint-kitts-and-nevis | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, retrieved 2026-07-08)

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.