Nigeria vs Singapore: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Singapore ranked 36th with $364.2B. By GDP 5-years average growth and GDP per capita, Nigeria and Singapore ranked 132nd vs 76th and 149th vs 10th, respectively.

Gross Domestic Product & Income

StatNigeriaSingapore
GDP$397.3B$364.2B
GDP growth, 1 year1.9%3.2%
GDP growth, 5-years average2%3.3%
Population190.9M5.9M
GDP per capita$2k$65k
GDP per capita growth-0.67%2.66%
Purchasing Power Parity conversion factor110.030.86
Price level ratio of PPP conversion factor GDP to market exchange rate0.340.64
GDP per capita, PPP adjusted$6k$100k
GNI, Atlas method$384.8B$331.4B
GNI per capita$2k$59k
GNI, PPP adjusted$1.1T$533.8B
GNI per capita, PPP adjusted$5.7k$95k

Financial system and Human development

StatNigeriaSingapore
Income Tax Rate24%22%
Corporate Tax Rate30%17%
Inflation, consumer prices12.1%0.4%
Inflation, GDP deflator10.2%1.9%
Unemployment6%3.8%
Economic Freedom Index57.289.4
Personal Freedom Index6.017.44
Human Freedom Index6.18.1
Property Rights Index38.196.8
Judical Effectiveness Index32.292.9
Business Freedom Index54.792.8
Fiscal Health Index64.180
Labor Freedom Index8490.9
Investment Freedom Index4585
Financial Freedom Index4080
Trade Freedom Index62.494.8
Monetary Freedom Index61.785.6
Government Spending Index96.291.1
Tax Burden Index85.190.3
Government Integrity Index22.392.4
Corruption Perceptions Index2785
Life expectancy at birth, years5482.9
Suicide mortality rate, per 100,000 people9.59.9
Mortality caused by road traffic injury, per 100,000 people21.42.8
Intentional homicides, per 100,000 people9.90.2
International tourism, number of arrivals5.3M14.7M

Government debt & reserves

StatNigeriaSingapore
Central government debt, % of GDP28.4%108.3%
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%36.8%
Gross savings, % of GDP19.3%45.8%
Gross capital formation, % of GDP19.8%26.6%
Total reserves including gold$42.8B$292.7B
Foreign direct investment net inflows$2B$82B

Exports, imports and economic structure

StatNigeriaSingapore
Exports of goods and services, % of GDP15.5%176.4%
Imports of goods and services, % of GDP17.5%149.8%
Current account balance (balance of payments)$5.3B$65.1B
Revenue excluding grants, % of GDPN/A18.8%
Grants excluding technical cooperation, BoP$2B$1.6M
Personal remittances received$24.3BN/A
Industry including construction value added, % of GDP25.7%25.2%
Agriculture, forestry and fishing value added, % of GDP21.2%0%
Charges for the use of intellectual property, payments BoP$252.8M$15.2B
Charges for the use of intellectual property, receipts BoP$7.8M$8.7B
Expense, % of GDPN/A15.2%
Government Expenditure, % of GDP11.2%17.2%

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

Singapore vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k