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Economy of Nigeria vs Tunisia compared: GDP & Debt

Updated on by Georank

Nigeria has a GDP of $291B compared to $57.5B for Tunisia, ranking 50/197 and 93/197 by economy size, respectively.

Nigeria has $103B in government debt (35.5% of GDP), compared to $46.7B (81.3% of GDP) in Tunisia.

Nigeria vs Tunisia GDP by year

Nigeria
Tunisia
1x
Year GDP, current $
Nigeria Tunisia
2025 $290,794,361,542 $57,502,836,548
2024 $252,261,880,140 $51,412,122,480
2023 $487,387,801,878 $48,205,328,303
2022 $646,950,257,575 $44,929,920,093
2021 $609,147,716,965 $47,073,234,359
2020 $598,586,817,817 $42,491,780,918
2019 $668,219,992,687 $41,905,642,419
2018 $421,739,251,509 $42,686,504,460
2017 $375,745,731,053 $42,163,530,591
2016 $404,649,125,252 $44,360,072,680
2015 $493,026,682,801 $45,779,494,042
2014 $574,183,763,412 $50,271,812,921
2013 $520,117,180,314 $48,685,446,414
2012 $463,971,018,239 $47,311,401,813
2011 $414,466,676,831 $48,123,325,825
2010 $366,990,417,129 $46,206,091,938
2009 $295,008,835,381 $43,455,740,497
2008 $339,476,276,258 $44,859,439,902
2007 $278,260,846,800 $38,915,353,867
2006 $238,454,997,161 $34,376,664,601
2005 $175,670,569,969 $32,272,186,695
2004 $135,764,731,646 $31,183,885,241
2003 $104,738,954,264 $27,453,902,261
2002 $95,054,059,303 $23,141,616,605
2001 $73,557,840,064 $22,065,832,449
2000 $69,171,451,627 $21,473,528,161
1999 $59,145,077,039 $22,943,202,175
1998 $218,416,200,673 $21,802,893,587
1997 $200,850,397,618 $20,746,210,354
1996 $185,730,236,700 $19,587,161,807
1995 $140,919,776,986 $18,030,876,599
1994 $80,399,613,064 $15,633,174,304
1993 $56,721,051,402 $14,608,335,608
1992 $52,058,181,854 $15,496,708,060
1991 $59,526,833,412 $13,074,782,609
1990 $54,035,795,388 $12,290,568,182
1989 $44,003,061,108 $10,101,851,745
1988 $49,648,470,440 $10,096,245,762
1987 $52,676,041,931 $9,696,715,911
1986 $54,805,852,581 $9,017,806,654
1985 $73,745,821,158 $8,410,226,053
1984 $73,484,359,521 $8,254,541,195
1983 $97,094,911,792 $8,350,582,748
1982 $142,769,363,314 $8,133,580,052
1981 $164,475,209,516 $8,428,445,294
1980 $64,201,788,123 $8,744,134,354
1979 $47,259,911,894 $7,188,863,904
1978 $36,527,862,209 $5,968,460,080
1977 $36,035,407,725 $5,109,324,009
1976 $36,308,883,249 $4,508,191,942
1975 $27,778,934,625 $4,328,965,588
1974 $24,846,641,318 $3,545,868,575
1973 $15,162,871,287 $2,730,813,385
1972 $12,274,416,018 $2,237,556,149
1971 $9,181,769,912 $1,685,162,272
1970 $12,546,094,982 $1,439,238,095
1969 $6,634,317,346 $1,289,904,762
1968 $5,200,997,920 $1,214,666,667
1967 $5,203,237,919 $1,085,714,286
1966 $6,366,917,453 $1,040,952,381
1965 $5,874,537,650 $991,047,619
1964 $5,552,931,319 $1,025,866,792
1963 $5,165,590,254 $1,026,737,600
1962 $4,909,399,176 $880,027,733
1961 $4,467,287,893 $866,155,429
1960 $4,196,174,502 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Nigeria vs Tunisia by year

Nigeria
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Nigeria Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,224 - $4,657 -
2024 $1,084 $9,087 $4,188 $14,521
2023 $2,139 $8,705 $3,951 $14,041
2022 $2,899 $8,305 $3,707 $13,619
2021 $2,787 $7,588 $3,907 $12,444
2020 $2,797 $7,415 $3,549 $11,918
2019 $3,190 $7,551 $3,529 $12,495
2018 $2,058 $7,158 $3,628 $11,841
2017 $1,876 $7,037 $3,619 $11,289
2016 $2,070 $7,072 $3,848 $10,994
2015 $2,586 $7,308 $4,015 $10,783
2014 $3,089 $7,396 $4,459 $10,947
2013 $2,873 $7,004 $4,370 $10,672
2012 $2,633 $6,671 $4,297 $10,615
2011 $2,418 $6,585 $4,421 $10,436
2010 $2,202 $6,301 $4,292 $10,555
2009 $1,820 $5,927 $4,080 $10,237
2008 $2,154 $5,607 $4,255 $9,975
2007 $1,816 $5,298 $3,727 $9,479
2006 $1,600 $4,975 $3,323 $8,729
2005 $1,211 $4,678 $3,147 $8,117
2004 $962 $4,381 $3,067 $7,672
2003 $763 $4,015 $2,726 $7,098
2002 $712 $3,770 $2,321 $6,715
2001 $566 $3,309 $2,236 $6,593
2000 $547 $3,139 $2,199 $6,279
1999 $481 $3,002 $2,376 $5,930
1998 $1,822 $3,022 $2,285 $5,579
1997 $1,720 $2,990 $2,202 $5,333
1996 $1,633 $2,931 $2,107 $5,040
1995 $1,272 $2,835 $1,968 $4,686
1994 $745 $2,853 $1,733 $4,555
1993 $540 $2,921 $1,649 $4,401
1992 $509 $2,991 $1,785 $4,292
1991 $597 $2,870 $1,538 $3,975
1990 $556 $2,840 $1,476 $3,780
1989 $465 - $1,239 -
1988 $540 - $1,266 -
1987 $588 - $1,245 -
1986 $628 - $1,187 -
1985 $869 - $1,135 -
1984 $890 - $1,143 -
1983 $1,207 - $1,184 -
1982 $1,822 - $1,177 -
1981 $2,162 - $1,247 -
1980 $870 - $1,324 -
1979 $661 - $1,113 -
1978 $527 - $946 -
1977 $536 - $830 -
1976 $556 - $752 -
1975 $438 - $741 -
1974 $403 - $624 -
1973 $252.4 - $493 -
1972 $209.5 - $415 -
1971 $160.5 - $320 -
1970 $224.5 - $280.5 -
1969 $121.4 - $257.7 -
1968 $97.3 - $248.9 -
1967 $99.5 - $228 -
1966 $124.4 - $223.8 -
1965 $117.3 - $217.3 -
1964 $113.3 - $228.5 -
1963 $107.7 - $231.9 -
1962 $104.5 - $201.4 -
1961 $97.1 - $200.7 -
1960 $93.1 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Nigeria's GDP per capita is $1,224, ranking 172/197, compared to $4,657 in Tunisia, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Nigeria ranks 136th at $9,087, while Tunisia ranks 114th at $14,521.

Economic indicators

Nigeria Tunisia
Gross domestic product
$291B
2025
$57.5B
2025
GDP rank
50/197
2025
93/197
2025
GDP growth
4.01%
2024-2025
2.49%
2024-2025
GDP per capita
$1,224
2025
$4,657
2025
GDP per capita rank
172/197
2025
127/197
2025
GDP per capita, PPP
$9,087
2024
$14,521
2024
GDP per capita PPP rank
136/197
2024
114/197
2024
Government debt
$103B
2025
$46.7B
2025
Debt-to-GDP ratio
35.5%
2025
81.3%
2025
Government debt per person
$434
2025
$3,785
2025
Government debt per person rank
170/185
2025
95/185
2025
Average annual personal income after taxes
$768
2026
$4,193
2026
Market capitalization of domestic companies
$86.9B
2025
$12B
2025
Number of billionaires
4
2026
n/a
Income share by richest 10%
26.3%
2022
27%
2021
Income share by poorest 10%
3%
2022
3.1%
2021
Government expenditure, % of GDP
11.7%
2025
34%
2025
Consumer prices inflation
23%
2024-2025
5.3%
2024-2025
Central bank interest rate
26.5%
2026
7.5%
2025
Unemployment rate
3.45%
2024
15.1%
2023
Population
245016045
12450912

Spending and national debt comparison by year

Nigeria
Spending

Debt
Tunisia
Spending

Debt
1x
Year % of GDP
Nigeria Tunisia
Government spending Government debt Government spending Government debt
2025 11.7% 35.5% 34% 81.3%
2024 12% 39.3% 35.8% 85.7%
2023 10.4% 36.3% 35.9% 84%
2022 10.6% 29.8% 36.6% 83%
2021 9.09% 26.6% 33.4% 79.7%
2020 8.73% 25.7% 34.5% 77.7%
2019 8.87% 21.4% 29.5% 67.3%
2018 9.1% 20.4% 28.7% 72.9%
2017 8.51% 18% 28.7% 67.1%
2016 6.93% 17.4% 27.2% 58.9%
2015 7.85% 14.9% 27.4% 52.4%
2014 9.49% 15.8% 27.7% 50.7%
2013 10% 13% 30.8% 45.6%
2012 10.5% 12.5% 28.3% 49%
2011 12.3% 12.4% 27.9% 43.3%
2010 11.8% 6.67% 24% 38.8%
2009 11% 6.12% 24.6% 40.3%
2008 10.2% 5.17% 23.7% 41.4%
2007 12.9% 5.76% 23.3% 42.7%
2006 8.75% 6.68% 22.9% 45.7%
2005 12.6% 13.4% 23% 50%
2004 13% 25.2% 23% 51.6%
2003 16.5% 29.9% 23.5% 52.6%
2002 13.8% 30.7% 24.1% 51.6%
2001 21.9% 37.7% 24% 52.2%
2000 17.6% 40.9% 24% 62.9%
1999 14.9% 46.1% 24% 61.9%
1998 11.2% 15.8% 24.2% 58.2%
1997 9.68% 17.1% 24.5% 66.6%
1996 7.87% 17.9% 26.7% 66.8%
1995 8.87% 24.2% 26.6% 65.6%
1994 12.1% 39.7% 25.9% 63.9%
1993 20% 50.4% 26.7% 63.8%
1992 15.9% 49.8% 25.7% 62.1%
1991 13.6% 53.2% 27.6% 63.3%
1990 14.2% 50.9% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Nigeria's government spending was $34.1B, accounting for 11.7% of its GDP, while Tunisia spent $19.6B, or 34% of GDP.

Debt-to-GDP ratio is 35.5% in Nigeria and 81.3% in Tunisia, ranking 143/185 and 40/185, respectively.

Government deficit by year

Deficit/surplus
Nigeria

Tunisia
1x
Year Deficit/surplus, % of GDP
Nigeria Tunisia
2025 -1.76% -5.24%
2024 -1.27% -6.36%
2023 -3.12% -7.27%
2022 -4% -7%
2021 -3.97% -7.81%
2020 -4.03% -9.06%
2019 -3.31% -3.6%
2018 -3.06% -4.27%
2017 -3.85% -5.61%
2016 -3.3% -5.87%
2015 -2.7% -4.95%
2014 -1.72% -3.11%
2013 -1.89% -7.05%
2012 -0.09% -4.9%
2011 0.31% -3.19%
2010 -2.96% -0.46%
2009 -3.78% -2.59%
2008 4.05% -0.62%
2007 -0.79% -2.47%
2006 6.22% -2.33%
2005 3.49% -2.59%
2004 3.9% -2.1%
2003 -1.56% -2.64%
2002 0.95% -2.55%
2001 -2.29% -2.87%
2000 2.89% -3.22%
1999 -1.39% -3.05%
1998 -3.47% -2.84%
1997 1.14% -3.7%
1996 3.37% -5.18%
1995 2.52% -4.53%
1994 -2.96% -2.87%
1993 -6.07% -3.22%
1992 0.94% -3.45%
1991 -1.18% -5.25%
1990 -0.48% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Nigeria's government deficit, the difference between spending and revenue, was $5.12B, equivalent to 1.76% of GDP. This compares to Tunisia's deficit of $3.01B, or 5.24% of GDP.

Over the past 35 years, Nigeria recorded a fiscal deficit in 24 of those years, while Tunisia ran a deficit in 35 years. On average, Nigeria posted an annual deficit equal to 0.99% of GDP, compared to deficit of 4.11% of GDP for Tunisia.

Inflation comparison by year

Inflation
Nigeria

Tunisia
1x
Year Consumer prices inflation
Nigeria Tunisia
2025 23% 5.3%
2024 33.2% 7%
2023 24.7% 9.3%
2022 18.8% 8.3%
2021 17% 5.7%
2020 13.2% 5.6%
2019 11.4% 6.7%
2018 12.1% 7.3%
2017 16.5% 5.3%
2016 15.7% 3.6%
2015 9.01% 4.4%
2014 8.05% 4.6%
2013 8.5% 5.4%
2012 12.2% 4.6%
2011 10.8% 3.2%
2010 13.7% 4.4%
2009 12.5% 3.5%
2008 11.6% 4.9%
2007 5.39% 3.4%
2006 8.23% 4.1%
2005 17.9% 1.9%
2004 15% 3.7%
2003 14% 2.7%
2002 12.9% 2.7%
2001 18.9% 1.9%
2000 6.93% 2.8%
1999 6.62% 2.8%
1998 10% 3.1%
1997 8.53% 3.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Nigeria has recorded an average annual inflation rate of 13.7%, compared with 4.54% in Tunisia. In 2025, inflation was 23% in Nigeria and 5.3% in Tunisia.

Top exports between countries

Nigeria
Export category Export value
Raw materials & minerals $33.1M
Processed food, beverages & tobacco $152K
Textiles & consumer goods $59K
Raw agricultural goods $51K
Chemicals & pharma $16K
Machinery & equipment $6K
Tunisia
Export category Export value
Raw materials & minerals $8.82M
Textiles & consumer goods $869K
Chemicals & pharma $721K
Machinery & equipment $277K
Miscellaneous $171K
Processed food, beverages & tobacco $138K
Animal & marine products $72K
Metals $45K
Wood & paper products $34K
Raw agricultural goods $23K

Balance of trade

Nigeria Tunisia
Current account balance
$14B
2025
-$775M
2024
Current account balance ranking
21/190
2025
111/190
2024
Current account balance, % of GDP
+4.83%
2025
-1.51%
2024
Goods imports
$43B
2025
$18.7B
2024
Goods exports
$57.5B
2025
$8.95B
2024
Service imports
$19.6B
2025
$3.92B
2024
Service exports
$5.06B
2025
$11.2B
2024
Imports of goods and services, % of GDP
16.9%
1960
54.8%
2025
Exports of goods and services, % of GDP
9.24%
1960
46.7%
2025

Economic freedom indices

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

Nigeria Tunisia
Economic freedom 54.8 48.1
Economic freedom ranking 132/197 172/197
Property rights 29.7 55.7
Government integrity 23.5 42.1
Judicial effectiveness 34.4 39.7
Tax burden 84.6 68.5
Government spending 96.3 62.5
Fiscal health 83.5 16
Business freedom 50.3 59.4
Labor freedom 75.4 55.8
Monetary freedom 56.1 72.4
Trade freedom 64.4 54.6
Investment freedom 30 20
Financial freedom 30 30

Economic freedom comparison by year

Nigeria
Tunisia
1x
Year Economic freedom index
Nigeria Tunisia
2026 54.8 48.1
2025 53.4 49.1
2024 53.1 48.8
2023 53.9 52.9
2022 54.4 54.2
2021 58.7 56.6
2020 57.2 55.8
2019 57.3 55.4
2018 58.5 58.9
2017 57.1 55.7
2016 57.5 57.6
2015 55.6 57.7
2014 54.3 57.3
2013 55.1 57
2012 56.3 58.6
2011 56.7 58.5
2010 56.8 58.9
2009 55.1 58
2008 55.1 60.1
2007 55.6 60.3
2006 48.7 57.5
2005 48.4 55.4
2004 49.2 58.4
2003 49.5 58.1
2002 50.9 60.2
2001 49.6 60.8
2000 53.1 61.3
1999 55.7 61.1
1998 52.3 63.9
1997 52.8 63.8
1996 47.4 63.9
1995 47.3 63.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Nigeria is 54.8, ranking 132/197, compared to 48.1 for Tunisia, ranking 172/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Nigeria Tunisia
Services, % of GDP
58.2%
2025
62.7%
2025
Industry, % of GDP
16.4%
2025
22%
2025
Agriculture, forestry, and fishing, % of GDP
23%
2025
10.3%
2025
GNI, Atlas method
$324B
2025
$53B
2025
GNI per capita, PPP
$9,230
2025
$14,870
2025
Total reserves including gold
$46B
2025
$9.34B
2024
Total reserves ranking
52/177
2025
84/177
2024
Net foreign direct investment
-$2.82B
2025
-$725M
2024
Net inflows of foreign direct investment
$1.61B
2024
$760M
2024
Net outflows of foreign direct investment
$408M
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI
5.46%
2024
10.9%
2024
Poverty at national poverty lines
56.2%
2023
16.6%
2021
Gross capital formation, % of GDP n/a
15.2%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2022–2024, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.