Nigeria vs Tuvalu: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Tuvalu ranked 196th with $42.6M. By GDP per capita, Nigeria and Tuvalu ranked 149th vs 124th, respectively.

Gross Domestic Product & Income

Stat	Nigeria	Tuvalu
GDP	$397.3B	$42.6M
GDP growth, 1 year	1.9%	2.5%
GDP growth, 5-years average	2%	N/A
Population	190.9M	11k
GDP per capita	$2k	$3.7k
GDP per capita growth	-0.67%	1.27%
Purchasing Power Parity conversion factor	110.03	1.22
Price level ratio of PPP conversion factor GDP to market exchange rate	0.34	0.91
GDP per capita, PPP adjusted	$6k	$4k
GNI, Atlas method	$384.8B	$62.5M
GNI per capita	$2k	$5.4k
GNI, PPP adjusted	$1.1T	$70.2M
GNI per capita, PPP adjusted	$5.7k	$6.1k

Financial system and Human development

Stat	Nigeria	Tuvalu
Income Tax Rate	24%	N/A
Corporate Tax Rate	30%	N/A
Inflation, consumer prices	12.1%	N/A
Inflation, GDP deflator	10.2%	4.9%
Unemployment	6%	8.5%
Economic Freedom Index	57.2	60
Personal Freedom Index	6.01	6.2
Human Freedom Index	6.1	6.1
Property Rights Index	38.1	N/A
Judical Effectiveness Index	32.2	N/A
Business Freedom Index	54.7	N/A
Fiscal Health Index	64.1	N/A
Labor Freedom Index	84	N/A
Investment Freedom Index	45	N/A
Financial Freedom Index	40	N/A
Trade Freedom Index	62.4	N/A
Monetary Freedom Index	61.7	N/A
Government Spending Index	96.2	N/A
Tax Burden Index	85.1	N/A
Government Integrity Index	22.3	N/A
Corruption Perceptions Index	27	48
Life expectancy at birth, years	54	66
Suicide mortality rate, per 100,000 people	9.5	1
Mortality caused by road traffic injury, per 100,000 people	21.4	0.2
Intentional homicides, per 100,000 people	9.9	18.7
International tourism, number of arrivals	5.3M	2.7k

Government debt & reserves

Stat	Nigeria	Tuvalu
Central government debt, % of GDP	28.4%	N/A
External debt stocks, % of GNI	12.4%	N/A
External debt stocks	$47B	N/A
Short-term debt, % of total reserves	0%	N/A
Total debt service, % of exports and primary income	8.3%	N/A
Adjusted net savings including particulate emission damage, % of GNI	1.4%	N/A
Gross savings, % of GDP	19.3%	N/A
Gross capital formation, % of GDP	19.8%	N/A
Total reserves including gold	$42.8B	N/A
Foreign direct investment net inflows	$2B	$299k

Exports, imports and economic structure

Stat	Nigeria	Tuvalu
Exports of goods and services, % of GDP	15.5%	N/A
Imports of goods and services, % of GDP	17.5%	N/A
Current account balance (balance of payments)	$5.3B	$6.8M
Revenue excluding grants, % of GDP	N/A	N/A
Grants excluding technical cooperation, BoP	$2B	$9.6M
Personal remittances received	$24.3B	$4M
Industry including construction value added, % of GDP	25.7%	7.3%
Agriculture, forestry and fishing value added, % of GDP	21.2%	16.5%
Charges for the use of intellectual property, payments BoP	$252.8M	N/A
Charges for the use of intellectual property, receipts BoP	$7.8M	$14k
Expense, % of GDP	N/A	N/A
Government Expenditure, % of GDP	11.2%	N/A