Nigeria vs Spain: Economic Indicators Comparison

Spain with a GDP of $1.4T ranked the 14th largest economy in the world, while Nigeria ranked 32nd with $397.3B. By GDP 5-years average growth and GDP per capita, Spain and Nigeria ranked 104th vs 132nd and 34th vs 149th, respectively.

Gross Domestic Product & Income

StatNigeriaSpain
GDP$397.3B$1.4T
GDP growth, 1 year1.9%2.5%
GDP growth, 5-years average2%2.7%
Population190.9M46.7M
GDP per capita$2k$30k
GDP per capita growth-0.67%2.07%
Purchasing Power Parity conversion factor110.030.65
Price level ratio of PPP conversion factor GDP to market exchange rate0.340.76
GDP per capita, PPP adjusted$6k$40k
GNI, Atlas method$384.8B$1.4T
GNI per capita$2k$29k
GNI, PPP adjusted$1.1T$1.9T
GNI per capita, PPP adjusted$5.7k$40k

Financial system and Human development

StatNigeriaSpain
Income Tax Rate24%45%
Corporate Tax Rate30%25%
Inflation, consumer prices12.1%1.7%
Inflation, GDP deflator10.2%1.1%
Unemployment6%15.5%
Economic Freedom Index57.266.9
Personal Freedom Index6.018.95
Human Freedom Index6.18.22
Property Rights Index38.174.9
Judical Effectiveness Index32.251.8
Business Freedom Index54.766.8
Fiscal Health Index64.162.6
Labor Freedom Index8457.7
Investment Freedom Index4585
Financial Freedom Index4070
Trade Freedom Index62.486.4
Monetary Freedom Index61.782
Government Spending Index96.248.3
Tax Burden Index85.162.1
Government Integrity Index22.355.1
Corruption Perceptions Index2758
Life expectancy at birth, years5483.3
Suicide mortality rate, per 100,000 people9.58.7
Mortality caused by road traffic injury, per 100,000 people21.44.1
Intentional homicides, per 100,000 people9.90.7
International tourism, number of arrivals5.3M82.8M

Government debt & reserves

StatNigeriaSpain
Central government debt, % of GDP28.4%97%
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%9.1%
Gross savings, % of GDP19.3%22.3%
Gross capital formation, % of GDP19.8%20.4%
Total reserves including gold$42.8B$70.6B
Foreign direct investment net inflows$2B$49.1B

Exports, imports and economic structure

StatNigeriaSpain
Exports of goods and services, % of GDP15.5%35.1%
Imports of goods and services, % of GDP17.5%32.4%
Current account balance (balance of payments)$5.3B$27.3B
Revenue excluding grants, % of GDPN/A15.7%
Grants excluding technical cooperation, BoP$2BN/A
Personal remittances received$24.3B$3.4B
Industry including construction value added, % of GDP25.7%20%
Agriculture, forestry and fishing value added, % of GDP21.2%2.8%
Charges for the use of intellectual property, payments BoP$252.8M$6.6B
Charges for the use of intellectual property, receipts BoP$7.8M$2.5B
Expense, % of GDPN/A18.8%
Government Expenditure, % of GDP11.2%41.5%

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

Spain vs

CountryGDP
per capita
Population
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
Brunei
$32k
429k
South Korea
$31k
51.5M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M