Nigeria vs Tanzania: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Tanzania ranked 80th with $58B. By GDP 5-years average growth and GDP per capita, Nigeria and Tanzania ranked 132nd vs 18th and 149th vs 169th, respectively.

Gross Domestic Product & Income

StatNigeriaTanzania
GDP$397.3B$58B
GDP growth, 1 year1.9%6.6%
GDP growth, 5-years average2%6.6%
Population190.9M57.3M
GDP per capita$2k$1.1k
GDP per capita growth-0.67%2.12%
Purchasing Power Parity conversion factor110.03741.25
Price level ratio of PPP conversion factor GDP to market exchange rate0.340.33
GDP per capita, PPP adjusted$6k$3.4k
GNI, Atlas method$384.8B$55.7B
GNI per capita$2k$1k
GNI, PPP adjusted$1.1T$171.7B
GNI per capita, PPP adjusted$5.7k$3.2k

Financial system and Human development

StatNigeriaTanzania
Income Tax Rate24%30%
Corporate Tax Rate30%30%
Inflation, consumer prices12.1%3.5%
Inflation, GDP deflator10.2%4.8%
Unemployment6%1.9%
Economic Freedom Index57.261.7
Personal Freedom Index6.016.51
Human Freedom Index6.16.37
Property Rights Index38.141.9
Judical Effectiveness Index32.243.4
Business Freedom Index54.745.9
Fiscal Health Index64.192.9
Labor Freedom Index8466.4
Investment Freedom Index4555
Financial Freedom Index4050
Trade Freedom Index62.467.8
Monetary Freedom Index61.772.2
Government Spending Index96.291.6
Tax Burden Index85.180.6
Government Integrity Index22.332.5
Corruption Perceptions Index2736
Life expectancy at birth, years5464.5
Suicide mortality rate, per 100,000 people9.55.4
Mortality caused by road traffic injury, per 100,000 people21.429.2
Intentional homicides, per 100,000 people9.97
International tourism, number of arrivals5.3M1.4M

Government debt & reserves

StatNigeriaTanzania
Central government debt, % of GDP28.4%36%
External debt stocks, % of GNI12.4%33.1%
External debt stocks$47B$18.6B
Short-term debt, % of total reserves0%35.9%
Total debt service, % of exports and primary income8.3%8.4%
Adjusted net savings including particulate emission damage, % of GNI1.4%23.1%
Gross savings, % of GDP19.3%30.5%
Gross capital formation, % of GDP19.8%34%
Total reserves including gold$42.8B$5B
Foreign direct investment net inflows$2B$1.1B

Exports, imports and economic structure

StatNigeriaTanzania
Exports of goods and services, % of GDP15.5%15.1%
Imports of goods and services, % of GDP17.5%17.1%
Current account balance (balance of payments)$5.3B-$1.9B
Revenue excluding grants, % of GDPN/A13.7%
Grants excluding technical cooperation, BoP$2B$1.6B
Personal remittances received$24.3B$412.9M
Industry including construction value added, % of GDP25.7%25.1%
Agriculture, forestry and fishing value added, % of GDP21.2%28.7%
Charges for the use of intellectual property, payments BoP$252.8M$6.1M
Charges for the use of intellectual property, receipts BoP$7.8M$83k
Expense, % of GDPN/A14.3%
Government Expenditure, % of GDP11.2%16.8%

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

Tanzania vs

CountryGDP
per capita
Population
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
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M