Nigeria vs Tonga: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Tonga ranked 190th with $450.4M. By GDP 5-years average growth and GDP per capita, Nigeria and Tonga ranked 132nd vs 89th and 149th vs 113th, respectively.

Gross Domestic Product & Income

StatNigeriaTonga
GDP$397.3B$450.4M
GDP growth, 1 year1.9%1.8%
GDP growth, 5-years average2%3%
Population190.9M108k
GDP per capita$2k$4.4k
GDP per capita growth-0.67%-0.87%
Purchasing Power Parity conversion factor110.031.49
Price level ratio of PPP conversion factor GDP to market exchange rate0.340.68
GDP per capita, PPP adjusted$6k$6.1k
GNI, Atlas method$384.8B$443.3M
GNI per capita$2k$4.3k
GNI, PPP adjusted$1.1T$672.5M
GNI per capita, PPP adjusted$5.7k$6.5k

Financial system and Human development

StatNigeriaTonga
Income Tax Rate24%20%
Corporate Tax Rate30%25%
Inflation, consumer prices12.1%3.9%
Inflation, GDP deflator10.2%3.6%
Unemployment6%1%
Economic Freedom Index57.258.8
Personal Freedom Index6.015.6
Human Freedom Index6.15.6
Property Rights Index38.160.9
Judical Effectiveness Index32.226.5
Business Freedom Index54.775
Fiscal Health Index64.195.2
Labor Freedom Index8469.8
Investment Freedom Index4540
Financial Freedom Index4020
Trade Freedom Index62.474
Monetary Freedom Index61.771.4
Government Spending Index96.242.8
Tax Burden Index85.185.2
Government Integrity Index22.344.2
Corruption Perceptions Index2750
Life expectancy at birth, years5470.7
Suicide mortality rate, per 100,000 people9.53.5
Mortality caused by road traffic injury, per 100,000 people21.416.8
Intentional homicides, per 100,000 people9.91
International tourism, number of arrivals5.3M54k

Government debt & reserves

StatNigeriaTonga
Central government debt, % of GDP28.4%49.2%
External debt stocks, % of GNI12.4%41.3%
External debt stocks$47B$188.7M
Short-term debt, % of total reserves0%0%
Total debt service, % of exports and primary income8.3%7.2%
Adjusted net savings including particulate emission damage, % of GNI1.4%9.3%
Gross savings, % of GDP19.3%16.5%
Gross capital formation, % of GDP19.8%33.4%
Total reserves including gold$42.8B$227.2M
Foreign direct investment net inflows$2B$15M

Exports, imports and economic structure

StatNigeriaTonga
Exports of goods and services, % of GDP15.5%22.3%
Imports of goods and services, % of GDP17.5%75.9%
Current account balance (balance of payments)$5.3B-$28.6M
Revenue excluding grants, % of GDPN/A25.6%
Grants excluding technical cooperation, BoP$2B$64.2M
Personal remittances received$24.3B$183.3M
Industry including construction value added, % of GDP25.7%17.3%
Agriculture, forestry and fishing value added, % of GDP21.2%17.2%
Charges for the use of intellectual property, payments BoP$252.8M$183
Charges for the use of intellectual property, receipts BoP$7.8M$2.3k
Expense, % of GDPN/A31.4%
Government Expenditure, % of GDP11.2%43.7%

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

Tonga vs

CountryGDP
per capita
Population
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M