Nigeria vs Trinidad and Tobago: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Trinidad and Tobago ranked 113th with $23.8B. By GDP 5-years average growth and GDP per capita, Nigeria and Trinidad and Tobago ranked 132nd vs 175th and 149th vs 53rd, respectively.

Gross Domestic Product & Income

StatNigeriaTrinidad and Tobago
GDP$397.3B$23.8B
GDP growth, 1 year1.9%0.3%
GDP growth, 5-years average2%-1.5%
Population190.9M1.4M
GDP per capita$2k$17k
GDP per capita growth-0.67%-0.66%
Purchasing Power Parity conversion factor110.033.62
Price level ratio of PPP conversion factor GDP to market exchange rate0.340.54
GDP per capita, PPP adjusted$6k$32k
GNI, Atlas method$384.8B$22.2B
GNI per capita$2k$16k
GNI, PPP adjusted$1.1T$43.1B
GNI per capita, PPP adjusted$5.7k$31k

Financial system and Human development

StatNigeriaTrinidad and Tobago
Income Tax Rate24%25%
Corporate Tax Rate30%25%
Inflation, consumer prices12.1%1.1%
Inflation, GDP deflator10.2%6.1%
Unemployment6%2.8%
Economic Freedom Index57.258.3
Personal Freedom Index6.016.88
Human Freedom Index6.16.81
Property Rights Index38.156.6
Judical Effectiveness Index32.242.1
Business Freedom Index54.767.3
Fiscal Health Index64.115.9
Labor Freedom Index8476
Investment Freedom Index4560
Financial Freedom Index4050
Trade Freedom Index62.467.8
Monetary Freedom Index61.777.4
Government Spending Index96.266.5
Tax Burden Index85.182.6
Government Integrity Index22.337.4
Corruption Perceptions Index2741
Life expectancy at birth, years5473.2
Suicide mortality rate, per 100,000 people9.513.6
Mortality caused by road traffic injury, per 100,000 people21.412.1
Intentional homicides, per 100,000 people9.930.9
International tourism, number of arrivals5.3M375k

Government debt & reserves

StatNigeriaTrinidad and Tobago
Central government debt, % of GDP28.4%45.3%
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%N/A
Gross savings, % of GDP19.3%N/A
Gross capital formation, % of GDP19.8%N/A
Total reserves including gold$42.8B$8.1B
Foreign direct investment net inflows$2B-$602.5M

Exports, imports and economic structure

StatNigeriaTrinidad and Tobago
Exports of goods and services, % of GDP15.5%N/A
Imports of goods and services, % of GDP17.5%N/A
Current account balance (balance of payments)$5.3B$1.2B
Revenue excluding grants, % of GDPN/A38.4%
Grants excluding technical cooperation, BoP$2B$2.4M
Personal remittances received$24.3B$138.7M
Industry including construction value added, % of GDP25.7%42%
Agriculture, forestry and fishing value added, % of GDP21.2%1%
Charges for the use of intellectual property, payments BoP$252.8M$63.9M
Charges for the use of intellectual property, receipts BoP$7.8M$882k
Expense, % of GDPN/A35.9%
Government Expenditure, % of GDP11.2%33.4%

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

Trinidad and Tobago vs

CountryGDP
per capita
Population
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
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M