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Economy of Nigeria vs Suriname compared: GDP & Debt

Updated on by Georank team

Nigeria has a GDP of $252B compared to $4.42B for Suriname, ranking 54/197 and 164/197 by economy size, respectively.

Nigeria has $99.2B in government debt (39.3% of GDP), compared to $3.86B (87.3% of GDP) in Suriname.

Nigeria vs Suriname GDP by year

Nigeria
Suriname
1x
Year GDP, current $
Nigeria Suriname
2024 $252,261,880,141 $4,416,775,112
2023 $487,387,801,881 $3,472,693,412
2022 $646,950,257,578 $3,791,603,200
2021 $609,147,716,973 $3,107,923,198
2020 $598,586,817,819 $2,911,807,496
2019 $668,219,992,691 $4,016,040,575
2018 $421,739,251,509 $3,996,198,867
2017 $375,745,731,053 $3,591,679,431
2016 $404,649,125,252 $3,317,421,648
2015 $493,026,682,801 $5,126,237,646
2014 $574,183,763,412 $5,240,606,061
2013 $520,117,180,314 $5,145,757,576
2012 $463,971,018,239 $4,980,000,000
2011 $414,466,676,831 $4,422,276,622
2010 $366,990,417,129 $4,368,370,998
2009 $295,008,835,381 $3,875,409,836
2008 $339,476,276,258 $3,532,969,035
2007 $278,260,846,800 $2,936,612,022
2006 $238,454,997,161 $2,626,380,435
2005 $175,670,569,969 $1,793,410,397
2004 $135,764,731,646 $1,484,092,538
2003 $104,738,954,264 $1,274,190,311
2002 $95,054,059,303 $1,093,574,468
2001 $73,557,840,064 $834,279,358
2000 $69,171,451,627 $947,671,970
1999 $59,145,077,039 $886,290,698
1998 $218,416,200,673 $1,110,850,000
1997 $200,850,397,618 $926,422,500
1996 $185,730,236,700 $861,372,806
1995 $140,919,776,986 $691,590,498
1994 $80,399,613,064 $605,492,537
1993 $56,721,051,402 $428,764,706
1992 $52,058,181,854 $404,600,000
1991 $59,526,833,412 $448,100,000
1990 $54,035,795,388 $388,400,000
1989 $44,003,061,108 $542,600,000
1988 $49,648,470,440 $1,161,000,000
1987 $52,676,041,931 $980,000,000
1986 $54,805,852,581 $891,000,000
1985 $73,745,821,158 $873,000,000
1984 $73,484,359,521 $864,000,000
1983 $97,094,911,792 $883,500,000
1982 $142,769,363,314 $915,000,000
1981 $164,475,209,516 $889,000,000
1980 $64,201,788,123 $795,000,000
1979 $47,259,911,894 $782,500,000
1978 $36,527,862,209 $735,500,000
1977 $36,035,407,725 $641,500,000
1976 $36,308,883,249 $505,500,000
1975 $27,778,934,625 $465,500,000
1974 $24,846,641,318 $409,850,000
1973 $15,162,871,287 $339,450,000
1972 $12,274,416,018 $311,950,000
1971 $9,181,769,912 $301,000,000
1970 $12,546,094,982 $274,900,000
1969 $6,634,317,346 $259,650,000
1968 $5,200,997,920 $241,350,000
1967 $5,203,237,919 $220,700,000
1966 $6,366,917,453 $190,350,000
1965 $5,874,537,650 $154,150,000
1964 $5,552,931,319 $134,400,000
1963 $5,165,590,254 $125,950,000
1962 $4,909,399,176 $116,150,000
1961 $4,467,287,893 $107,700,000
1960 $4,196,174,502 $99,650,000

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/nigeria/suriname | CC BY

GDP per capita in Nigeria vs Suriname by year

Nigeria
GDP per capita

GDP per capita, PPP
Suriname
GDP per capita

GDP per capita, PPP
1x
Year Current $
Nigeria Suriname
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,084 $9,087 $6,962 $21,801
2023 $2,139 $8,705 $5,522 $21,110
2022 $2,899 $8,305 $6,084 $20,079
2021 $2,787 $7,588 $5,030 $18,458
2020 $2,797 $7,415 $4,755 $16,947
2019 $3,190 $7,551 $6,630 $19,772
2018 $2,058 $7,158 $6,666 $17,855
2017 $1,876 $7,037 $6,050 $17,568
2016 $2,070 $7,072 $5,644 $14,475
2015 $2,586 $7,308 $8,814 $16,544
2014 $3,089 $7,396 $9,108 $16,598
2013 $2,873 $7,004 $9,043 $16,173
2012 $2,633 $6,671 $8,851 $15,185
2011 $2,418 $6,585 $7,950 $13,926
2010 $2,202 $6,301 $7,944 $13,039
2009 $1,820 $5,927 $7,130 $12,393
2008 $2,154 $5,607 $6,576 $12,097
2007 $1,816 $5,298 $5,530 $11,530
2006 $1,600 $4,975 $5,003 $10,803
2005 $1,211 $4,678 $3,453 $10,014
2004 $962 $4,381 $2,888 $9,389
2003 $763 $4,015 $2,516 $8,552
2002 $712 $3,770 $2,202 $8,046
2001 $566 $3,309 $1,715 $7,865
2000 $547 $3,139 $1,988 $7,535
1999 $481 $3,002 $1,898 $7,367
1998 $1,822 $3,022 $2,429 $7,521
1997 $1,720 $2,990 $2,068 $7,422
1996 $1,633 $2,931 $1,963 $7,048
1995 $1,272 $2,835 $1,610 $7,000
1994 $745 $2,853 $1,434 $6,973
1993 $540 $2,921 $1,022 $6,650
1992 $509 $2,991 $969 $6,992
1991 $597 $2,870 $1,080 $6,852
1990 $556 $2,840 $942 $6,493
1989 $465 - $1,329 -
1988 $540 - $2,886 -
1987 $588 - $2,469 -
1986 $628 - $2,271 -
1985 $869 - $2,256 -
1984 $890 - $2,261 -
1983 $1,207 - $2,333 -
1982 $1,822 - $2,430 -
1981 $2,162 - $2,368 -
1980 $870 - $2,118 -
1979 $661 - $2,072 -
1978 $527 - $1,928 -
1977 $536 - $1,666 -
1976 $556 - $1,302 -
1975 $438 - $1,190 -
1974 $403 - $1,041 -
1973 $252.4 - $858 -
1972 $209.5 - $785 -
1971 $160.5 - $768 -
1970 $224.5 - $724 -
1969 $121.4 - $708 -
1968 $97.3 - $681 -
1967 $99.5 - $644 -
1966 $124.4 - $575 -
1965 $117.3 - $482 -
1964 $113.3 - $435 -
1963 $107.7 - $424 -
1962 $104.5 - $409 -
1961 $97.1 - $395 -
1960 $93.1 - $378 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/nigeria/suriname | CC BY

Nigeria's GDP per capita is $1,084, ranking 174/197, compared to $6,962 in Suriname, ranking 102/197. Adjusted for purchasing power (GDP per capita PPP), Nigeria ranks 136th at $9,087, while Suriname ranks 89th at $21,801.

Economic indicators

Nigeria Suriname
Gross domestic product
$252B
2024
$4.42B
2024
GDP rank
54/197
2024
164/197
2024
GDP growth
4.06%
2023-2024
1.72%
2023-2024
GDP per capita
$1,084
2024
$6,962
2024
GDP per capita rank
174/197
2024
102/197
2024
GDP per capita, PPP
$9,087
2024
$21,801
2024
GDP per capita PPP rank
136/197
2024
89/197
2024
Government debt
$99.2B
2024
$3.86B
2024
Debt-to-GDP ratio
39.3%
2024
87.3%
2024
Government debt per person
$426
2024
$6,077
2024
Government debt per person rank
170/185
2024
74/185
2024
Average annual personal income after taxes
$1,104
2026
$3,263
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
30.1%
2022
Income share by poorest 10%
3%
2022
2.2%
2022
Government expenditure, % of GDP
12.3%
2024
29.2%
2024
Consumer prices inflation
33.2%
2023-2024
16.2%
2023-2024
Central bank interest rate
27%
2025
10%
2013
Unemployment rate
3.45%
2024
7.92%
2016
Population
243824469
646767

Spending and national debt comparison by year

Nigeria
Spending

Debt
Suriname
Spending

Debt
1x
Year % of GDP
Nigeria Suriname
Government spending Government debt Government spending Government debt
2024 12.3% 39.3% 29.2% 87.3%
2023 10.4% 36.3% 29% 98.2%
2022 10.6% 29.8% 29.5% 116.9%
2021 9.09% 26.6% 32% 115.8%
2020 8.73% 25.7% 30.2% 146.4%
2019 8.87% 21.4% 40.5% 84%
2018 9.1% 20.4% 29.5% 68.6%
2017 8.51% 18% 28.7% 73%
2016 6.93% 17.4% 27.9% 75.4%
2015 7.85% 14.9% 29.9% 41.2%
2014 9.49% 12.9% 25.2% 25.2%
2013 10% 13% 26.2% 27.9%
2012 10.5% 12.5% 25.1% 20.1%
2011 12.3% 12.4% 21% 18.7%
2010 11.8% 6.67% 21% 17.3%
2009 11% 6.12% 24% 14.6%
2008 10.2% 5.17% 20.5% 14.8%
2007 12.9% 5.76% 22.6% 16.4%
2006 8.75% 6.68% 22.2% 22.5%
2005 12.6% 13.4% 22.2% 27.1%
2004 13% 25.2% 20.8% 29.4%
2003 16.5% 29.9% 19.2% 31.5%
2002 13.8% 30.7% 22.2% 37.4%
2001 21.9% 37.7% 21.8% 37.2%
2000 17.6% 40.9% 24.4% 48.4%
1999 14.9% 46.1% 19.6% 32.3%
1998 11.2% 15.8% 30.3% 21.6%
1997 9.68% 17.1% 21.1% 16.8%
1996 7.87% 17.9% 21.4% 11.8%
1995 8.87% 24.2% 20.2% 16.3%
1994 12.1% 39.7% 19.8% 30.5%
1993 20% 50.4% 21.2% 51.1%
1992 15.9% 49.8% 24.4% 64.4%
1991 13.6% 53.2% 26.6% 75.7%
1990 14.2% 50.9% 22.7% 72.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/nigeria/suriname | CC BY

In 2024, Nigeria's government spending was $31.1B, accounting for 12.3% of its GDP, while Suriname spent $1.29B, or 29.2% of GDP.

Debt-to-GDP ratio is 39.3% in Nigeria and 87.3% in Suriname, ranking 135/185 and 37/185, respectively.

Government deficit by year

Deficit/surplus
Nigeria

Suriname
1x
Year Deficit/surplus, % of GDP
Nigeria Suriname
2024 -1.57% -2.42%
2023 -3.12% -1.68%
2022 -4% -2.69%
2021 -3.97% -5.66%
2020 -4.03% -12%
2019 -3.31% -20.2%
2018 -3.06% -8.56%
2017 -3.85% -8.62%
2016 -3.3% -10.2%
2015 -2.7% -8.29%
2014 -1.72% -2.65%
2013 -1.89% -2.64%
2012 -0.09% -0.38%
2011 0.31% 2.32%
2010 -2.96% -0.15%
2009 -3.78% 2.03%
2008 4.05% 2.39%
2007 -0.79% 5.01%
2006 6.22% 0.59%
2005 3.49% -3.39%
2004 3.9% -1.2%
2003 -1.56% -0.11%
2002 0.95% -3.3%
2001 -2.29% 3.49%
2000 2.89% -7.76%
1999 -1.39% -4.92%
1998 -3.47% -6.39%
1997 1.14% -0.32%
1996 3.37% 3.42%
1995 2.52% 1.17%
1994 -2.96% -1.89%
1993 -6.07% -4.68%
1992 0.94% -6.45%
1991 -1.18% -9.8%
1990 -0.48% -3.04%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/nigeria/suriname | CC BY

In 2024, Nigeria's government deficit, the difference between spending and revenue, was $3.95B, equivalent to 1.57% of GDP. This compares to Suriname's deficit of $107M, or 2.42% of GDP.

Over the past 35 years, Nigeria recorded a fiscal deficit in 24 of those years, while Suriname ran a deficit in 27 years. On average, Nigeria posted an annual deficit equal to 0.97% of GDP, compared to deficit of 3.4% of GDP for Suriname.

Inflation comparison by year

Inflation
Nigeria

Suriname
1x
Year Consumer prices inflation
Nigeria Suriname
2024 33.2% 16.2%
2023 24.7% 51.6%
2022 18.8% 52.4%
2021 17% 59.1%
2020 13.2% 34.9%
2019 11.4% -
2018 12.1% -
2017 16.5% 22%
2016 15.7% 55.4%
2015 9.01% 6.89%
2014 8.05% 3.38%
2013 8.5% 1.92%
2012 12.2% 5.01%
2011 10.8% 17.7%
2010 13.7% 6.94%
2009 12.5% -0.13%
2008 11.6% 14.7%
2007 5.39% 6.43%
2006 8.23% 11.3%
2005 17.9% 9.9%
2004 15% 9.99%
2003 14% 23%
2002 12.9% 15.5%
2001 18.9% 38.6%
2000 6.93% 59.4%
1999 6.62% 98.8%
1998 10% 19%
1997 8.53% 7.15%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/nigeria/suriname | CC BY

Over the past 28 years, Nigeria has recorded an average annual inflation rate of 13.3%, compared with 24.9% in Suriname. In 2024, inflation was 33.2% in Nigeria and 16.2% in Suriname.

Top exports between countries

Nigeria
Export category Export value
Textiles & consumer goods $3K
Suriname
Export category Export value
Animal & marine products $72K
Machinery & equipment $28K
Miscellaneous $2K

Balance of trade

Nigeria Suriname
Current account balance
$17.2B
2024
$9.31M
2024
Current account balance ranking
20/190
2024
76/190
2024
Current account balance, % of GDP
+6.82%
2024
+0.21%
2024
Goods imports
$39.8B
2024
$1.65B
2024
Goods exports
$53B
2024
$2.58B
2024
Service imports
$17.9B
2024
$921M
2024
Service exports
$4.57B
2024
$211M
2024
Imports of goods and services, % of GDP
16.9%
1960
38.4%
2010
Exports of goods and services, % of GDP
9.24%
1960
52.5%
2010

Economic freedom indices

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

Nigeria Suriname
Economic freedom 54.8 53
Economic freedom ranking 132/197 143/197
Property rights 29.7 40.5
Government integrity 23.5 41
Judicial effectiveness 34.4 46.5
Tax burden 84.6 69.1
Government spending 96.3 74.3
Fiscal health 83.5 76.6
Business freedom 50.3 56.9
Labor freedom 75.4 69
Monetary freedom 56.1 56.4
Trade freedom 64.4 65.2
Investment freedom 30 20
Financial freedom 30 20

Economic freedom comparison by year

Nigeria
Suriname
1x
Year Economic freedom index
Nigeria Suriname
2026 54.8 53
2025 53.4 50.9
2024 53.1 46.7
2023 53.9 46.1
2022 54.4 48.1
2021 58.7 46.4
2020 57.2 49.5
2019 57.3 48.1
2018 58.5 48.1
2017 57.1 48
2016 57.5 53.8
2015 55.6 54.2
2014 54.3 54.2
2013 55.1 52
2012 56.3 52.6
2011 56.7 53.1
2010 56.8 52.5
2009 55.1 54.1
2008 55.1 54.3
2007 55.6 54.8
2006 48.7 55.1
2005 48.4 51.9
2004 49.2 47.9
2003 49.5 46.9
2002 50.9 48
2001 49.6 44.3
2000 53.1 45.8
1999 55.7 40.1
1998 52.3 39.9
1997 52.8 35.9
1996 47.4 36.7
1995 47.3 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/nigeria/suriname | CC BY

The Economic Freedom Index for Nigeria is 54.8, ranking 132/197, compared to 53 for Suriname, ranking 143/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Nigeria Suriname
Services, % of GDP
53.7%
2024
50.8%
2024
Industry, % of GDP
18.2%
2024
35.1%
2024
Agriculture, forestry, and fishing, % of GDP
25.9%
2024
6.77%
2024
GNI, Atlas method
$396B
2024
$3.61B
2024
GNI per capita, PPP
$8,850
2024
$20,000
2024
Total reserves including gold
$38.6B
2024
$1.63B
2024
Total reserves ranking
51/177
2024
132/177
2024
Net foreign direct investment
-$672M
2024
$26.5M
2024
Net inflows of foreign direct investment
$1.08B
2024
-$37.6M
2024
Net outflows of foreign direct investment
$408M
2024
-$11.1M
2024
Servicing debt to the IMF, % of GNI
5.48%
2024
20.5%
2023
Poverty at national poverty lines
56.2%
2023
70%
2020
Gross capital formation, % of GDP n/a
36.2%
2010

GDP per capita map

1x

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/suriname | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2022–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.