Country vs country: Economy Stats: compare key data on Ghana & Nigeria and Economy Stats: compare key data on Ghana & Nigeria compared Economy

STAT Ghana Nigeria HISTORY
Budget > Revenues $9.28 billion
Ranked 82nd.
$22.35 billion
Ranked 67th. 2 times more than Ghana

Budget surplus > + or deficit > - -12.2% of GDP
Ranked 178th. 6 times more than Nigeria
-2.1% of GDP
Ranked 72nd.

Debt > Government debt > Public debt, share of GDP 47.4 CIA
Ranked 71st. 3 times more than Nigeria
18.8 CIA
Ranked 129th.
Overview Ghana's economy has been strengthened by a quarter century of relatively sound management, a competitive business environment, and sustained reductions in poverty levels. Ghana is well-endowed with natural resources and agriculture accounts for roughly one-quarter of GDP and employs more than half of the workforce, mainly small landholders. The services sector accounts for 50% of GDP. Gold and cocoa production and individual remittances are major sources of foreign exchange. Oil production at Ghana's offshore Jubilee field began in mid-December, 2010, and is expected to boost economic growth. President MAHAMA faces challenges in managing new oil revenue while maintaining fiscal discipline and resisting debt accumulation. Estimated oil reserves have jumped to almost 700 million barrels. Ghana signed a Millennium Challenge Corporation (MCC) Compact in 2006, which aims to assist in transforming Ghana's agricultural sector. Ghana opted for debt relief under the Heavily Indebted Poor Country (HIPC) program in 2002, and is also benefiting from the Multilateral Debt Relief Initiative that took effect in 2006. In 2009, Ghana signed a three-year Poverty Reduction and Growth Facility with the IMF to improve macroeconomic stability, private sector competitiveness, human resource development, and good governance and civic responsibility. Sound macro-economic management along with higher prices for oil, gold and, cocoa helped sustain high GDP growth in 2008-12, despite the general slowdown in the global economy during that same time period. Oil-rich Nigeria has been hobbled by political instability, corruption, inadequate infrastructure, and poor macroeconomic management, but in 2008 began pursuing economic reforms. Nigeria's former military rulers failed to diversify the economy away from its overdependence on the capital-intensive oil sector, which provides 95% of foreign exchange earnings and about 80% of budgetary revenues. Following the signing of an IMF stand-by agreement in August 2000, Nigeria received a debt-restructuring deal from the Paris Club and a $1 billion credit from the IMF, both contingent on economic reforms. Nigeria pulled out of its IMF program in April 2002, after failing to meet spending and exchange rate targets, making it ineligible for additional debt forgiveness from the Paris Club. In November 2005, Abuja won Paris Club approval for a debt-relief deal that eliminated $18 billion of debt in exchange for $12 billion in payments - a total package worth $30 billion of Nigeria's total $37 billion external debt. Since 2008 the government has begun to show the political will to implement the market-oriented reforms urged by the IMF, such as modernizing the banking system, removing subsidies, and resolving regional disputes over the distribution of earnings from the oil industry. GDP rose strongly in 2007-12 because of growth in non-oil sectors and robust global crude oil prices. President JONATHAN has established an economic team that includes experienced and reputable members and has announced plans to increase transparency, diversify economic growth, and improve fiscal management. Lack of infrastructure and slow implementation of reforms are key impediments to growth. The government is working toward developing stronger public-private partnerships for roads, agriculture, and power. Nigeria's financial sector was hurt by the global financial and economic crises, but the Central Bank governor has taken measures to restructure and strengthen the sector to include imposing mandatory higher minimum capital requirements.
Exports $13.54 billion
Ranked 80th.
$95.68 billion
Ranked 38th. 7 times more than Ghana

GDP $40.71 billion
Ranked 80th.
$262.61 billion
Ranked 37th. 6 times more than Ghana

GDP > Per capita $1,577.98 per capita
Ranked 95th.
$2,334.26 per capita
Ranked 82nd. 48% more than Ghana

GDP > Per capita > PPP $3,300.00
Ranked 137th. 22% more than Nigeria
$2,700.00
Ranked 141st.

GDP > Purchasing power parity per capita $1,576.07
Ranked 153th.
$2,315.48
Ranked 138th. 47% more than Ghana

GDP per capita $1,604.91
Ranked 130th. 3% more than Nigeria
$1,555.41
Ranked 133th.

Gross National Income $5.75 billion
Ranked 91st.
$37.13 billion
Ranked 48th. 6 times more than Ghana
Inflation rate > Consumer prices 9.2%
Ranked 30th.
12.2%
Ranked 17th. 33% more than Ghana

Population below poverty line 28.5%
Ranked 9th.
70%
Ranked 1st. 2 times more than Ghana

Public debt 50% of GDP
Ranked 64th. 3 times more than Nigeria
17.9% of GDP
Ranked 130th.

Unemployment rate 11%
Ranked 8th. 2 times more than Nigeria
4.9%
Ranked 90th.

GDP > Composition, by sector of origin > Services 50%
Ranked 132nd. 92% more than Nigeria
26%
Ranked 185th.
Exports per capita $533.78
Ranked 127th.
$566.71
Ranked 124th. 6% more than Ghana

Distribution of family income > Gini index 39.4
Ranked 1st.
43.7
Ranked 6th. 11% more than Ghana

Human Development Index 0.52
Ranked 138th. 15% more than Nigeria
0.453
Ranked 158th.
Tourist arrivals > Per capita 25.6 per 1,000 people
Ranked 143th. 3 times more than Nigeria
7.67 per 1,000 people
Ranked 167th.

GDP > Purchasing power parity $82.65 billion
Ranked 76th.
$444.30 billion
Ranked 30th. 5 times more than Ghana

Currency > PPP conversion factor to official exchange rate ratio 0.2
Ranked 147th.
0.67
Ranked 43th. 3 times more than Ghana

Fiscal year calendar year calendar year
GDP > Composition by sector > Industry 27.4%
Ranked 100th.
43%
Ranked 24th. 57% more than Ghana

Currency > Official exchange rate > LCU per US$, period average $1.80
Ranked 135th.
$156.81
Ranked 45th. 87 times more than Ghana

Inequality > GINI index 42.76
Ranked 15th.
42.93
Ranked 9th. About the same as Ghana

Imports per capita $700.14
Ranked 140th. 2 times more than Nigeria
$316.05
Ranked 158th.

Gross National Income per capita $297.98
Ranked 135th. 1% more than Nigeria
$294.69
Ranked 136th.
Tax > Highest marginal tax rate > Individual rate 25%
Ranked 59th. The same as Nigeria
25%
Ranked 15th.

GDP per capita in 1950 $1,193.00
Ranked 35th. 2 times more than Nigeria
$547.00
Ranked 48th.
Technology index 3.21
Ranked 77th. 7% more than Nigeria
2.99
Ranked 86th.
Development > Human Development Index 0.558
Ranked 134th. 18% more than Nigeria
0.471
Ranked 151st.

Population below poverty line > Per capita 1.24% per 1 million people
Ranked 13th. 2 times more than Nigeria
0.518% per 1 million people
Ranked 18th.

GDP > Per capita > PPP per thousand people $0.13
Ranked 146th. 8 times more than Nigeria
$0.02
Ranked 180th.

Exports > Commodities oil, gold, cocoa, timber, tuna, bauxite, aluminum, manganese ore, diamonds, horticultural products petroleum and petroleum products 95%, cocoa, rubber
Poverty and inequality > Richest quintile to poorest quintile ratio 8.4
Ranked 1st.
9.7
Ranked 11th. 15% more than Ghana
Imports $17.76 billion
Ranked 78th.
$53.36 billion
Ranked 51st. 3 times more than Ghana

Budget > Expenditures $14.13 billion
Ranked 78th.
$27.87 billion
Ranked 66th. 97% more than Ghana

GINI index 40.79
Ranked 22nd.
43.7
Ranked 14th. 7% more than Ghana

Reserves of foreign exchange and gold per capita $97.84
Ranked 115th.
$348.74
Ranked 93th. 4 times more than Ghana

Debt > Net foreign assets > Current LCU 6.98 billion
Ranked 120th.
8.71 trillion
Ranked 18th. 1249 times more than Ghana

Tourist arrivals 587,000
Ranked 107th.
1.11 million
Ranked 78th. 89% more than Ghana

Budget > Revenues > Per capita $227.70 per capita
Ranked 67th. 99% more than Nigeria
$114.63 per capita
Ranked 79th.

Inbound tourism income > Current US$ $970.00 million
Ranked 86th. 66% more than Nigeria
$586.00 million
Ranked 99th.

GDP per person 1,097.83
Ranked 129th.
1,118.11
Ranked 127th. 2% more than Ghana

Exports > Main exports Gold, cocoa, timber, tuna, bauxite, aluminium, manganese ore, diamonds Petroleum, petroleum products, cocoa, rubber
Budget > Revenues per capita $227.43
Ranked 115th. Twice as much as Nigeria
$113.71
Ranked 130th.

Debt > External $12.64 billion
Ranked 91st.
$13.40 billion
Ranked 89th. 6% more than Ghana

Gross domestic savings > Current US$ per capita 17.21$
Ranked 114th.
274.82$
Ranked 75th. 16 times more than Ghana

Central bank discount rate 18%
Ranked 5th. 4 times more than Nigeria
4.25%
Ranked 71st.

Debt > External > Per capita $213.29 per capita
Ranked 114th. 4 times more than Nigeria
$59.30 per capita
Ranked 129th.

GDP > Composition by sector > Services 47.9%
Ranked 135th. 84% more than Nigeria
26%
Ranked 174th.

Tax > GDP > Constant LCU 30.1 billion
Ranked 133th.
902.79 billion
Ranked 72nd. 30 times more than Ghana

Tourism > International tourism, number of arrivals per capita 0.0384
Ranked 151st. 9 times more than Nigeria
0.00435
Ranked 162nd.

International tourism > Receipts > Current US$ > Per $ GDP 77.14$ per $1,000 of GDP
Ranked 25th. 113 times more than Nigeria
0.68$ per $1,000 of GDP
Ranked 131st.

Consumer price index 250.62%
Ranked 8th. 21% more than Nigeria
207.54%
Ranked 13th.

GDP > Composition by sector > Agriculture 24.6%
Ranked 35th.
30.9%
Ranked 25th. 26% more than Ghana

GDP per capita > PPP > Current international $ 2,479.5 PPP $
Ranked 111th. 2 times more than Nigeria
1,127.53 PPP $
Ranked 145th.

Industries mining, lumbering, light manufacturing, aluminum smelting, food processing, cement, small commercial ship building crude oil, coal, tin, columbite; rubber products, wood; hides and skins, textiles, cement and other construction materials, food products, footwear, chemicals, fertilizer, printing, ceramics, steel
GDP > Composition, by end use > Imports of goods and services -56.2%
Ranked 3rd. 2 times more than Nigeria
-22.8%
Ranked 15th.
GDP per capita in 1973 $1,260.00
Ranked 41st. 13% more than Nigeria
$1,120.00
Ranked 43th.
GDP per capita > Constant LCU 603.76 1822.57
Balance of payments > Capital and financial account > Foreign direct investment > Net inflows > BoP > Current US $1.68 billion
Ranked 63th.
$5.79 billion
Ranked 33th. 3 times more than Ghana

Labor force 11
Ranked 120th. 2 times more than Nigeria
5
Ranked 153th.

Poverty and inequality > Population below $1 (PPP) per day $28.59%
Ranked 9th.
$54.37%
Ranked 2nd. 90% more than Ghana

GDP > Real growth rate 7.9%
Ranked 21st. 20% more than Nigeria
6.6%
Ranked 33th.

Debt > Government debt > Gross government debt, share of GDP 56.53 IMF
Ranked 53th. 3 times more than Nigeria
17.76 IMF
Ranked 154th.
International tourism > Number of arrivals 584,000
Ranked 91st.
962,000
Ranked 78th. 65% more than Ghana

Economic growth > Per capita 2.52
Ranked 26th.
3.2
Ranked 21st. 27% more than Ghana

Foreign direct investment > Net > BoP > Current US$ per capita 4.98 BoP $
Ranked 98th.
14.42 BoP $
Ranked 84th. 3 times more than Ghana

Poverty > Population under $1 a day 44.8%
Ranked 10th.
70.2%
Ranked 2nd. 57% more than Ghana
GDP per capita > Constant 2000 US$ 287.49 constant 2000 US$
Ranked 148th.
459.31 constant 2000 US$
Ranked 129th. 60% more than Ghana

Economic freedom 61.3
Ranked 78th. 11% more than Nigeria
55.1
Ranked 121st.

GDP > Official exchange rate per capita $744.35
Ranked 150th.
$1,294.24
Ranked 131st. 74% more than Ghana

Current account balance $-4,778,000,000.00
Ranked 151st.
$20.35 billion
Ranked 18th.

Agriculture > Products cocoa, rice, cassava (manioc), peanuts, corn, shea nuts, bananas; timber cocoa, peanuts, cotton, palm oil, corn, rice, sorghum, millet, cassava (tapioca), yams, rubber; cattle, sheep, goats, pigs; timber; fish
Trade > Imports per capita $419.57
Ranked 114th. 96% more than Nigeria
$214.02
Ranked 129th.

Currency Ghana cedi naira
Current account balance > BoP > Current US$ per capita -37.952 BoP $
Ranked 71st.
173.38 BoP $
Ranked 27th.

GNI per capita $1,410.00
Ranked 50th. 10% more than Nigeria
$1,280.00
Ranked 53th.
GDP > Purchasing power parity > Per capita $1,577.98 per capita
Ranked 95th.
$2,334.26 per capita
Ranked 82nd. 48% more than Ghana

Companies > Listed domestic companies, total 34
Ranked 83th.
192
Ranked 43th. 6 times more than Ghana

Trade > Exports per capita $301.94
Ranked 116th.
$477.94
Ranked 106th. 58% more than Ghana

Current account balance per capita 0.0
Ranked 102nd.
$173.88
Ranked 36th.

Poverty > Population under $2 a day 78.5%
Ranked 13th.
90.8%
Ranked 1st. 16% more than Ghana
Money and quasi money > M2 > Current LCU 28041780000000 2631100000000
Tourism > International tourism, number of arrivals 931,000
Ranked 103th. 30% more than Nigeria
715,000
Ranked 103th.

Gross national saving 17.9% of GDP
Ranked 86th. 13% more than Nigeria
15.9% of GDP
Ranked 98th.

Tax > GDP > Constant LCU per capita 1,186.56
Ranked 179th.
5,347.24
Ranked 152nd. 5 times more than Ghana

Retail > Gross value added by wholesale, retail trade, restaurants and hotels 4.12 billion
Ranked 95th.
41.05 billion
Ranked 38th. 10 times more than Ghana

Companies > Market capitalization of listed companies > Current US$ per capita $136.58
Ranked 103th.
$333.99
Ranked 95th. 2 times more than Ghana

Market capitalization of listed companies > Current US$ per capita 78.79$
Ranked 54th.
229$
Ranked 53th. 3 times more than Ghana

Household final > Consumption expenditure > Current US$ per capita 407.37$
Ranked 105th. 56% more than Nigeria
260.48$
Ranked 122nd.

Budget > Expenditures per capita $289.54
Ranked 112th. 56% more than Nigeria
$185.03
Ranked 126th.

Reserves > Total reserves > Includes gold, current US$ $5.84 billion
Ranked 83th.
$47.55 billion
Ranked 37th. 8 times more than Ghana

Stock of broad money None None
Exchange rates cedis (GHC) per US dollar -<br />1.8 (2012 est.)<br />1.51 (2011 est.)<br />1.43 (2010 est.)<br />1.41 (2009)<br />1.1 (2008) nairas (NGN) per US dollar -<br />156.81 (2012 est.)<br />154.74 (2011 est.)<br />150.3 (2010 est.)<br />148.9 (2009)<br />117.8 (2008)
Debt > External per capita $217.13
Ranked 111th. 4 times more than Nigeria
$54.40
Ranked 128th.

Size of economy > Share of world GDP 0.02%
Ranked 100th.
0.12%
Ranked 54th. 6 times more than Ghana
Gross fixed capital formation > Current US$ > Per $ GDP 0.29$ per $1 of GDP
Ranked 20th. 39% more than Nigeria
0.209$ per $1 of GDP
Ranked 77th.

Exports > Partners France 13.6%, Italy 12.4%, Netherlands 8.9%, China 7.4%, Germany 4.3% US 16.8%, India 11.5%, Netherlands 8.6%, Spain 7.8%, Brazil 7.6%, UK 5.1%, Germany 4.9%, Japan 4.1%, France 4.1%
Aid per capita > Current US$ 50.65$
Ranked 51st. 3% more than Nigeria
48.94$
Ranked 57th.

GDP > Official exchange rate $39.89 billion
Ranked 87th.
$266.60 billion
Ranked 36th. 7 times more than Ghana

GDP per capita > PPP > Constant 2000 international $ 2,205.91 PPP 2000 $
Ranked 111th. 2 times more than Nigeria
1,003.11 PPP 2000 $
Ranked 145th.

Investment > Gross fixed 25.1% of GDP
Ranked 46th. 34% more than Nigeria
18.8% of GDP
Ranked 109th.

Interest rate spread > Lending rate minus deposit rate 9.08%
Ranked 16th. 22% more than Nigeria
7.42%
Ranked 58th.

Income receipts > BoP > Current US$ per capita 2.02 BoP $
Ranked 124th.
5.05 BoP $
Ranked 112th. 2 times more than Ghana

Bank liquid > Reserves to bank assets ratio 9.4
Ranked 89th.
16.7
Ranked 47th. 78% more than Ghana

Tax > Highest marginal tax rate > Corporate rate 25%
Ranked 64th.
30%
Ranked 39th. 20% more than Ghana

Stock of narrow money None None
GDP > Composition, by sector of origin > Industry 27.3%
Ranked 100th.
43%
Ranked 28th. 58% more than Ghana
Trade > Exports > Exports of goods and services > Constant 2000 US$ per capita $182.93
Ranked 148th.
$517.09
Ranked 87th. 3 times more than Ghana

Debt > Net domestic credit > Current LCU 23.6 billion
Ranked 123th.
14.67 trillion
Ranked 18th. 621 times more than Ghana

Net current transfers from abroad > Constant LCU 2041788000 10639650000
Foreign direct investment > Net inflows > BoP > Current US$ per capita 4.98 BoP $
Ranked 134th.
14.42 BoP $
Ranked 113th. 3 times more than Ghana

GDP > Current LCU 97260800000000 12989630000000
High-technology > Exports > Current US$ > Per capita $245.43 per 1,000 people
Ranked 99th. 2 times more than Nigeria
$99.26 per 1,000 people
Ranked 108th.

GDP > Composition, by sector of origin > Agriculture 22.7%
Ranked 40th.
30.9%
Ranked 21st. 36% more than Ghana
Savings > Gross domestic savings > Current US$ per capita $329.17
Ranked 86th.
$634.15
Ranked 73th. 93% more than Ghana

Net barter terms of trade 123.45%
Ranked 6th. 1% more than Nigeria
122.35%
Ranked 7th.

Tax > Tax payments > Number 32
Ranked 75th.
47
Ranked 24th. 47% more than Ghana

Real interest rate -5.86%
Ranked 100th.
-7.02%
Ranked 123th. 20% more than Ghana

Inflation 170.66
Ranked 8th. 20% more than Nigeria
141.96
Ranked 33th.

Poverty > Gap at $1 a day > PPP 17.3%
Ranked 4th.
34.51%
Ranked 2nd. Twice as much as Ghana

Outbound tourist spending 870 million
Ranked 72nd.
4.77 billion
Ranked 36th. 5 times more than Ghana

Income > GNI per capita, PPP > Current international $ $1,910.00
Ranked 138th.
$2,450.00
Ranked 127th. 28% more than Ghana

Income > GNI, PPP > Current international $ per capita $1,907.79
Ranked 138th.
$2,449.46
Ranked 127th. 28% more than Ghana

GDP > By type of expenditure > Household consumption expenditure per capita 977.67
Ranked 158th.
1,042.62
Ranked 154th. 7% more than Ghana

Reserves of foreign exchange and gold $5.71 billion
Ranked 88th.
$46.41 billion
Ranked 41st. 8 times more than Ghana

Size of economy > GDP > GDP growth 7.91%
Ranked 19th. 21% more than Nigeria
6.55%
Ranked 31st.

GDP > Constant 2000 US$ 6.36 billion constant 2000 US$
Ranked 103th.
60.41 billion constant 2000 US$
Ranked 51st. 10 times more than Ghana

Tax > Highest marginal tax rate > Individual > On income exceeding > US$ $10,213.00
Ranked 58th. 7 times more than Nigeria
$1,553.40
Ranked 13th.

Debt service 12.73
Ranked 52nd. 6% more than Nigeria
11.96
Ranked 58th.
International tourism > Expenditures > Current US$ per capita 22.07$
Ranked 92nd. 2 times more than Nigeria
10.8$
Ranked 115th.

Purchasing power parity conversion factor > LCU per international $ 1773.9 87.59
GDP > Composition, by end use > Household consumption 60.9%
Ranked 108th. 28% more than Nigeria
47.4%
Ranked 163th.
Current transfers > Receipts > BoP > Current US$ 2.13 billion BoP $
Ranked 49th.
3.33 billion BoP $
Ranked 37th. 57% more than Ghana

Tax > Taxes on income, profits and capital gains > Current LCU 3.19 billion
Ranked 82nd.
14.14 billion
Ranked 79th. 4 times more than Ghana

Debt > Net current transfers from abroad > Current LCU 4.35 billion
Ranked 68th.
3.39 trillion
Ranked 7th. 779 times more than Ghana

Debt > Government debt > Net government debt, share of GDP 53.12 IMF
Ranked 31st. 4 times more than Nigeria
13.28 IMF
Ranked 73th.
GDP > PPP > Constant 2000 international $ per capita 2,281.09 PPP 2000 $
Ranked 110th. 2 times more than Nigeria
945.22 PPP 2000 $
Ranked 145th.

Consumption > Consumption by sector > Equals: Household final consumption expenditure 6.25 billion USD
Ranked 32nd.
95.91 billion USD
Ranked 37th. 15 times more than Ghana

Net income > BoP > Current US$ > Per capita -8,461.163 BoP $ per 1,000 people
Ranked 43th.
-47,623.385 BoP $ per 1,000 people
Ranked 65th. 6 times more than Ghana

GDP > CIA Factbook $44.44 billion
Ranked 73th.
$114.80 billion
Ranked 54th. 3 times more than Ghana

Poverty and inequality > Poorest's share in national income or consumption 5.24%
Ranked 26th.
5.89%
Ranked 9th. 12% more than Ghana

Debt > Net foreign assets > Current LCU per capita 275.03
Ranked 149th.
51,614.17
Ranked 56th. 188 times more than Ghana

Tax > GDP > Current LCU 73.11 billion
Ranked 134th.
41.18 trillion
Ranked 20th. 563 times more than Ghana

GDP > PPP per capita $2,339.61
Ranked 117th. 2 times more than Nigeria
$1,143.91
Ranked 145th.
Economic aid > Recipient $1.32 billion
Ranked 4th.
$6.44 billion
Ranked 2nd. 5 times more than Ghana

GNI 25.87 billion
Ranked 79th.
162.9 billion
Ranked 42nd. 6 times more than Ghana

GDP > PPP $48.75 billion
Ranked 69th.
$155.57 billion
Ranked 50th. 3 times more than Ghana
Development > Human Development Index > Inequality adjusted 0.379
Ranked 94th. 37% more than Nigeria
0.276
Ranked 118th.
Poverty > Share of all poor people 0.78%
Ranked 11th.
8.03%
Ranked 3rd. 10 times more than Ghana
Market capitalization of listed companies > Current US$ 1.73 billion$
Ranked 54th.
32.82 billion$
Ranked 29th. 19 times more than Ghana

Companies > Listed domestic companies, total per million 1.34
Ranked 104th. 18% more than Nigeria
1.14
Ranked 106th.

Tax > GDP > Current US$ per capita $1,604.91
Ranked 133th. 3% more than Nigeria
$1,555.36
Ranked 135th.

Trade > Exports to US $22.10 million
Ranked 119th.
$2.64 billion
Ranked 20th. 119 times more than Ghana
Industrial production growth rate 7%
Ranked 34th. 3 times more than Nigeria
2.3%
Ranked 93th.

Purchasing power parity > GDP per capita > PPP > Current international $ $1,552.40
Ranked 132nd.
$2,203.35
Ranked 124th. 42% more than Ghana

World trade > Exports 7.98 billion
Ranked 77th.
62.05 billion
Ranked 38th. 8 times more than Ghana

Labor force > By occupation > Agriculture 56%
Ranked 43th.
70%
Ranked 32nd. 25% more than Ghana

Tourist arrivals by region of origin > Europe 100,509
Ranked 110th.
459,985
Ranked 63th. 5 times more than Ghana

Bank capital to assets ratio 12%
Ranked 18th. 21% more than Nigeria
9.9%
Ranked 33th.

Labor force > By occupation > Services 29%
Ranked 28th. 45% more than Nigeria
20%
Ranked 3rd.
Companies > Stock market > Stocks traded, total value > Current US$ per capita $2.11
Ranked 98th.
$24.90
Ranked 85th. 12 times more than Ghana

Lending interest rate 25.58%
Ranked 15th. 43% more than Nigeria
17.95%
Ranked 27th.

Industrial > Production growth rate 5%
Ranked 65th. 25% more than Nigeria
4%
Ranked 84th.

Poverty and inequality > Population below national poverty line > Total 28.5%
Ranked 20th.
62.6%
Ranked 4th. 2 times more than Ghana

Tax > Taxes on income, profits and capital gains > Current LCU per capita 128.63
Ranked 99th. 38% more than Nigeria
93.49
Ranked 113th.

Spending > Household final consumption expenditure per capita > Constant 2000 US$ $406.32
Ranked 145th.
$522.34
Ranked 90th. 29% more than Ghana

Tax > GDP per capita > Constant LCU 1,186.56
Ranked 179th.
5,347.24
Ranked 152nd. 5 times more than Ghana

Income > GDP per capita, PPP > Current international $ $2,013.97
Ranked 143th.
$2,665.68
Ranked 133th. 32% more than Ghana

Debt > Interest rates > Central bank discount rate 13.5%
Ranked 13th. 42% more than Nigeria
9.5%
Ranked 38th.
Currency > Real effective exchange rate index > 2005 = 100 86.8
Ranked 90th.
135.58
Ranked 8th. 56% more than Ghana

Net domestic credit > Current LCU 28879160000000 1169839000000
International tourism > Receipts > Current US$ per capita 38.67$
Ranked 87th. 107 times more than Nigeria
0.36$
Ranked 137th.

Retail > Gross value added by wholesale, retail trade, restaurants and hotels per capita 162.34
Ranked 168th.
243.13
Ranked 151st. 50% more than Ghana

GDP > By type of expenditure > Household consumption expenditure 24.8 billion
Ranked 86th.
176.03 billion
Ranked 36th. 7 times more than Ghana

Commercial bank prime lending rate 22.8%
Ranked 13th. 36% more than Nigeria
16.79%
Ranked 34th.

Companies > Market capitalization of listed companies > Current US$ $3.46 billion
Ranked 90th.
$56.39 billion
Ranked 48th. 16 times more than Ghana

Current account balance > BoP > Current US$ -811,560,000 BoP $
Ranked 101st.
24.2 billion BoP $
Ranked 13th.

Trade > Imports $10.18 billion
Ranked 87th.
$34.18 billion
Ranked 54th. 3 times more than Ghana

Currency > Real effective exchange rate index 109.5%
Ranked 35th.
123.81%
Ranked 11th. 13% more than Ghana

Currency > Official exchange rate > LCU per US$ > Period average 9072.54 131.27
GDP > CIA Factbook per capita $2,188.98
Ranked 112th. 3 times more than Nigeria
$866.09
Ranked 149th.

Oil > Exports 5,752 bbl/day
Ranked 96th.
2.1 million bbl/day
Ranked 7th. 365 times more than Ghana

Poverty and inequality > Population in severe poverty 11.4%
Ranked 5th.
33.9%
Ranked 3rd. 3 times more than Ghana
GDP > Composition, by end use > Exports of goods and services 45.9%
Ranked 79th.
55.4%
Ranked 57th. 21% more than Ghana
Purchasing power parity > GNI per capita > PPP > Current international $ $1,530.00
Ranked 130th.
$2,070.00
Ranked 118th. 35% more than Ghana

Income > Health expenditure per capita, PPP > Constant 2005 international $ $90.01
Ranked 160th.
$139.45
Ranked 143th. 55% more than Ghana

Consumption > Consumption by sector > Equals: Household final consumption expenditure per capita 603.71 USD
Ranked 32nd.
617.26 USD
Ranked 73th. 2% more than Ghana

Spending > Household final consumption expenditure > Current US$ per capita $977.67
Ranked 101st. 32% more than Nigeria
$737.91
Ranked 110th.

Tax > GDP > Current LCU per capita 2,882.12
Ranked 180th.
243,895.61
Ranked 64th. 85 times more than Ghana

Debt > Strength of legal rights index > 0=weak to 10=strong per million 0.315
Ranked 123th. 6 times more than Nigeria
0.0533
Ranked 171st.

Oil > Production 8,880 bbl/day
Ranked 86th.
2.46 million bbl/day
Ranked 10th. 277 times more than Ghana

Economy growth 4.66
Ranked 25th.
5.6
Ranked 19th. 20% more than Ghana

Trade > Exports > Exports of goods and services 18.67 billion
Ranked 77th.
107.06 billion
Ranked 37th. 6 times more than Ghana

Purchasing power parity > Gross domestic product per capita > PPP 1,409.67
Ranked 131st.
2,000.78
Ranked 123th. 42% more than Ghana

Trade > Export value index 131.66%
Ranked 52nd.
147.1%
Ranked 41st. 12% more than Ghana

Debt > Interest payments > Current LCU 1.61 billion
Ranked 74th.
158 billion
Ranked 21st. 98 times more than Ghana

Electricity > Consumption per capita 262.22 kWh
Ranked 111th. 2 times more than Nigeria
119.97 kWh
Ranked 125th.

Market capitalization of listed companies > Current US$ > Per $ GDP 128.22$ per $1,000 of GDP
Ranked 86th.
195.61$ per $1,000 of GDP
Ranked 79th. 53% more than Ghana

GDP > CIA Factbook > Per capita $2,095.05 per capita
Ranked 123th. 2 times more than Nigeria
$852.52 per capita
Ranked 157th.

Income > Household final consumption expenditure, PPP > Constant 2005 international $ per capita $822.74
Ranked 146th.
$872.59
Ranked 94th. 6% more than Ghana

GDP > Composition, by end use > Government consumption 13.6%
Ranked 119th. 15% more than Nigeria
11.8%
Ranked 144th.
GDP > Per $ GDP $1,577.98 per $1 of GDP
Ranked 95th.
$2,334.26 per $1 of GDP
Ranked 82nd. 48% more than Ghana

Spending > Household final consumption expenditure, etc. > Current US$ $26.84 billion
Ranked 71st.
$124.58 billion
Ranked 43th. 5 times more than Ghana

Bank and trade-related lending > PPG + PNG > NFL > Current US$ per capita 0.612$
Ranked 52nd.
-1.226$
Ranked 80th.

Entrepreneurship > Starting a Business > Index ranking 131
Ranked 25th. 25% more than Nigeria
105
Ranked 50th.
GDP > Constant 2000 US$ per capita 297.29 constant 2000 US$
Ranked 145th.
432.8 constant 2000 US$
Ranked 129th. 46% more than Ghana

Gross domestic savings > Current US$ 367.99 million$
Ranked 105th.
38.36 billion$
Ranked 34th. 104 times more than Ghana

GNI > Current US$ per capita 495.21$
Ranked 134th.
621.5$
Ranked 126th. 26% more than Ghana

Poverty and inequality > Multidimensional poverty index 0.144
Ranked 6th.
0.31
Ranked 3rd. 2 times more than Ghana
Trade > Exports $7.33 billion
Ranked 95th.
$76.33 billion
Ranked 38th. 10 times more than Ghana

Purchasing power parity > GDP > PPP > Current international $ $37.00 billion
Ranked 88th.
$340.92 billion
Ranked 31st. 9 times more than Ghana

Entrepreneurship > Hiring and Firing > Index ranking 48
Ranked 106th. 78% more than Nigeria
27
Ranked 127th.
Income > GDP, PPP > Current international $ per capita $2,013.97
Ranked 143th.
$2,665.68
Ranked 133th. 32% more than Ghana

Total > Reserves in months of imports 3.33
Ranked 64th.
10.72
Ranked 6th. 3 times more than Ghana

Imports > Commodities capital equipment, petroleum, foodstuffs machinery, chemicals, transport equipment, manufactured goods, food and live animals
Debt > Banks > Automated teller machines > ATMs > Per 100,000 adults 5.47
Ranked 138th.
11.39
Ranked 120th. 2 times more than Ghana

Inflation > Consumer price index > 2005 = 100 224.24
Ranked 12th. 12% more than Nigeria
200.79
Ranked 26th.

Gross domestic savings > Current US$ > Per $ GDP 34.33$ per $1,000 of GDP
Ranked 117th.
387.68$ per $1,000 of GDP
Ranked 17th. 11 times more than Ghana

GDP > Constant LCU 13350780000 239722600000
Poverty > CPIA equity of public resource use rating > 1=low to 6=high 3.5
Ranked 34th. The same as Nigeria
3.5
Ranked 47th.

Poverty and inequality > Inequality adjusted income index 0.303
Ranked 104th. 3% more than Nigeria
0.295
Ranked 107th.
Consumption > Consumption by sector > Education 273.24 billion USD
Ranked 3rd. 134 times more than Nigeria
2.04 billion USD
Ranked 10th.

Welfare > Revenue, excluding grants > Current LCU 11.59 billion
Ranked 87th.
2.39 trillion
Ranked 21st. 206 times more than Ghana

Labor force per thousand people 0.000437
Ranked 142nd. 15 times more than Nigeria
2.87e-05
Ranked 229th.

Trade > Imports > Imports of goods and services 22.89 billion
Ranked 74th.
83.67 billion
Ranked 41st. 4 times more than Ghana

GDP > Median household income (PPP) $2,501.00
Ranked 119th.
$3,253.00
Ranked 110th. 30% more than Ghana
Debt > Government debt > Net government debt, share of GDP per million people 2.11 IMF
Ranked 47th. 28 times more than Nigeria
0.0761 IMF
Ranked 82nd.
Public institution index 4.44
Ranked 53th. 34% more than Nigeria
3.31
Ranked 94th.
GNI > Atlas method > Current US$ per capita 468.46$
Ranked 128th.
530.35$
Ranked 124th. 13% more than Ghana

Income > Household final consumption expenditure, PPP > Constant 2005 international $ $17.59 billion
Ranked 88th.
$147.32 billion
Ranked 41st. 8 times more than Ghana

Income > GNI, PPP > Current international $ $48.39 billion
Ranked 81st.
$413.55 billion
Ranked 31st. 9 times more than Ghana

Income > GDP, PPP > Current international $ $51.09 billion
Ranked 86th.
$450.06 billion
Ranked 28th. 9 times more than Ghana

Currency > Monetary unit Cedi 1 Nigerian naira = 100 kobo
Budget > Expenditures > Per $ GDP $0.34 per $1 of GDP
Ranked 53th. 2 times more than Nigeria
$0.16 per $1 of GDP
Ranked 124th.

Taxes and other revenues 23.3% of GDP
Ranked 122nd. 3 times more than Nigeria
8.4% of GDP
Ranked 180th.

Balance of payments > Current account > Goods > Services and income > Exports > Goods and services > Current U $7.81 billion
Ranked 82nd.
$61.55 billion
Ranked 42nd. 8 times more than Ghana

Balance of payments > Current account > Balances > Current account balance > Current US$ $-1,198,480,000.00
Ranked 100th.
$21.66 billion
Ranked 14th.

Balance of payments > Financial > Reserves -1,029,371,218.54
Ranked 99th.
10.51 billion
Ranked 11th.

Debt > External debt stocks per capita $454.80
Ranked 82nd. 6 times more than Nigeria
$79.83
Ranked 125th.

Government > Sovereign wealth funds > Assets 0.07 billion USD
Ranked 47th.
1.5 billion USD
Ranked 36th. 21 times more than Ghana
Oil > Proved reserves 660 million bbl
Ranked 40th.
37.2 billion bbl
Ranked 10th. 56 times more than Ghana

Consumption > Consumption by sector > Education per capita 14,862.44 USD
Ranked 3rd. 1133 times more than Nigeria
13.12 USD
Ranked 27th.

Companies > Ease of doing business index > 1=most business-friendly regulations 67
Ranked 122nd.
147
Ranked 43th. 2 times more than Ghana

Natural gas > Production 0.0
Ranked 144th.
23.21 billion cu m
Ranked 22nd.

GDP deflator 728,502.6
Ranked 2nd. 134 times more than Nigeria
5,418.61
Ranked 12th.

Oil > Consumption 60,000 bbl/day
Ranked 94th.
279,000 bbl/day
Ranked 46th. 5 times more than Ghana

Poverty > Gap at $2 a day > PPP 40.8%
Ranked 4th.
59.53%
Ranked 2nd. 46% more than Ghana

Tourism > International tourism, receipts > Current US$ $797.00 million
Ranked 97th. 16% more than Nigeria
$688.00 million
Ranked 104th.

Electricity > Consumption 6.06 billion kWh
Ranked 75th.
18.14 billion kWh
Ranked 53th. 3 times more than Ghana

Spending > Final consumption expenditure > Constant 2000 US$ per capita $483.15
Ranked 141st.
$727.34
Ranked 83th. 51% more than Ghana

Tax > GDP > Current US$ $40.71 billion
Ranked 80th.
$262.60 billion
Ranked 38th. 6 times more than Ghana

Currency > GDP > Constant 2000 US$ per capita $724.35
Ranked 148th.
$1,071.52
Ranked 133th. 48% more than Ghana

Net trade in goods and services > BoP > Current US$ -2,741,160,000 BoP $
Ranked 112th.
27.62 billion BoP $
Ranked 13th.

Net capital account > BoP > Current US$ -100,000 BoP $
Ranked 67th.
22.57 million BoP $
Ranked 68th.

Budget > Expenditures > Per capita $289.89 per capita
Ranked 64th. 55% more than Nigeria
$186.53 per capita
Ranked 76th.

GDP > Composition, by end use > Investment in inventories 6.9%
Ranked 5th.
0.0
Ranked 132nd.
Tourist arrivals by region of origin > Africa 172,913
Ranked 20th.
1.92 million
Ranked 2nd. 11 times more than Ghana

Bank and trade-related lending > PPG + PNG > NFL > Current US$ 13.09 million$
Ranked 46th.
-171,070,000$
Ranked 99th.

Trade > Exports > By good > Chocolate cocoa preparations 2,524
Ranked 1st. 6 times more than Nigeria
416
Ranked 68th.
Purchasing power parity > GNI > PPP > Current international $ $36.58 billion
Ranked 83th.
$321.01 billion
Ranked 32nd. 9 times more than Ghana

Debt > External > Per $ GDP $257.17 per $1,000 of GDP
Ranked 94th. 4 times more than Nigeria
$57.33 per $1,000 of GDP
Ranked 119th.

Trade > Exports > By good > Passenger cars etc 1,734
Ranked 4th. 53 times more than Nigeria
33
Ranked 86th.
GNI > PPP > Current international $ 54.18 billion PPP $
Ranked 70th.
130.21 billion PPP $
Ranked 53th. 2 times more than Ghana

High-technology > Exports > Current US$ $5.74 million
Ranked 91st.
$14.52 million
Ranked 82nd. 3 times more than Ghana

Oil > Exports per thousand people 0.243 bbl/day
Ranked 107th.
13.53 bbl/day
Ranked 40th. 56 times more than Ghana

Final > Consumption expenditure > Etc. > Current US$ 10.35 billion$
Ranked 83th.
60.59 billion$
Ranked 43th. 6 times more than Ghana

Gross National Income > Constant LCU 12057620000 286976500000
Deposit interest rate 10.16%
Ranked 20th.
10.53%
Ranked 18th. 4% more than Ghana

GDP > Constant 2000 US$ > Per capita 287.49 constant 2000 US$ per c
Ranked 148th.
427.38 constant 2000 US$ per c
Ranked 134th. 49% more than Ghana

National accounts > US$ at constant 2000 prices > Aggregate indicators > GDP per capita > Constant 2000 US$ $343.19
Ranked 143th.
$506.26
Ranked 126th. 48% more than Ghana

Income > GDP per capita, PPP > Constant 2005 international $ $1,764.40
Ranked 143th.
$2,335.35
Ranked 133th. 32% more than Ghana

Scientific and technical journals > Articles published 109.4
Ranked 81st.
427.4
Ranked 54th. 4 times more than Ghana

Foreign direct investment > Net > BoP > Current US$ > Per capita 4,816.22 BoP $ per 1,000 people
Ranked 100th.
14,243.23 BoP $ per 1,000 people
Ranked 85th. 3 times more than Ghana

Net income > BoP > Current US$ -187,100,000 BoP $
Ranked 64th.
-6,731,856,000 BoP $
Ranked 123th. 36 times more than Ghana

Goods imports > BoP > Current US$ 5.35 billion BoP $
Ranked 82nd.
17.29 billion BoP $
Ranked 54th. 3 times more than Ghana

GDP per unit of energy use 5.41 PPP 2000 $/kg of oil eq.
Ranked 50th. 4 times more than Nigeria
1.38 PPP 2000 $/kg of oil eq.
Ranked 118th.

Oil > Consumption per thousand people 2.47 bbl/day
Ranked 169th. 42% more than Nigeria
1.75 bbl/day
Ranked 175th.

Budget > Revenues > Per $ GDP $0.27 per $1 of GDP
Ranked 74th. 75% more than Nigeria
$0.15 per $1 of GDP
Ranked 125th.

Economic aid > Recipient per capita $58.42
Ranked 4th. 27% more than Nigeria
$46.11
Ranked 59th.

Natural gas > Production per capita 0.0
Ranked 135th.
149.37 cu m
Ranked 42nd.

International tourism > Expenditures for travel items > Current US$ $542.00 million
Ranked 75th.
$3.62 billion
Ranked 40th. 7 times more than Ghana

Government spending > Subsidies and other transfers > Current LCU 4.18 billion
Ranked 85th.
936.07 billion
Ranked 18th. 224 times more than Ghana

Government spending > Subsidies and other transfers > Current LCU per capita 168.3
Ranked 102nd.
6,190.58
Ranked 59th. 37 times more than Ghana

Currency > DEC alternative conversion factor > LCU per US$ 9072.54 131.27
Labor force > By occupation > Industry 15%
Ranked 117th. 50% more than Nigeria
10%
Ranked 142nd.

Stocks traded > Total value > Current US$ 53.34 million$
Ranked 54th.
3.56 billion$
Ranked 30th. 67 times more than Ghana

GDP > Composition, by end use > Investment in fixed capital 29%
Ranked 39th. 4 times more than Nigeria
8.2%
Ranked 188th.
Trade > Exports > Goods and services 49%
Ranked 44th.
52%
Ranked 38th. 6% more than Ghana
Royalty and license fees > Payments > BoP > Current US$ 700,000 BoP $
Ranked 65th.
45.26 million BoP $
Ranked 52nd. 65 times more than Ghana

Trade > Imports > Goods and services > BoP > Current US$ > Per $ GDP 0.617 BoP $ per $1 of GDP
Ranked 43th. 2 times more than Nigeria
0.249 BoP $ per $1 of GDP
Ranked 119th.

Foreign direct investment > Net > BoP > Current US$ 106.5 million BoP $
Ranked 82nd.
2.01 billion BoP $
Ranked 30th. 19 times more than Ghana

Poverty and inequality > Causes of poverty > Health 19.5%
Ranked 10th.
32.2%
Ranked 5th. 65% more than Ghana
Poverty and inequality > Population vulnerable to poverty > Proportion 21.6%
Ranked 4th. 21% more than Nigeria
17.8%
Ranked 7th.
Portfolio investment > Bonds > PPG + PNG > NFL > Current US$ -250,000,000$
Ranked 37th.
-452,000,000$
Ranked 37th. 81% more than Ghana

Reserves > Total reserves minus gold > Current US$ $5.37 billion
Ranked 83th.
$46.41 billion
Ranked 32nd. 9 times more than Ghana

Spending > Household final consumption expenditure > Constant 2000 US$ per capita $406.32
Ranked 145th.
$522.34
Ranked 90th. 29% more than Ghana

Spending > Final consumption expenditure > Constant 2000 US$ $10.33 billion
Ranked 95th.
$122.80 billion
Ranked 40th. 12 times more than Ghana

Savings > Gross domestic savings > Current US$ $8.35 billion
Ranked 70th.
$107.07 billion
Ranked 29th. 13 times more than Ghana

World Bank exchange rate 1.41
Ranked 134th.
148.9
Ranked 43th. 106 times more than Ghana

Trade > Exports > Goods 8.05 billion
Ranked 79th.
30.28 billion
Ranked 47th. 4 times more than Ghana

Balance of payments > Current account > Balances > Net trade in goods > US$ $-2,206,560,000.00
Ranked 101st.
$29.04 billion
Ranked 14th.

Financial sector > Exchange rates and prices > GDP deflator > Base year varies by country 163.15
Ranked 89th.
222.11
Ranked 54th. 36% more than Ghana

Electricity > Production 8.17 billion kWh
Ranked 50th.
20.13 billion kWh
Ranked 33th. 2 times more than Ghana

Private investment > Telecommunications 1.43 billion
Ranked 14th.
3 billion
Ranked 6th. 2 times more than Ghana

Debt > Interest payments on external debt, long-term > INT, current US$ per capita $7.56
Ranked 75th. 9 times more than Nigeria
$0.85
Ranked 110th.

Electricity > Imports per capita 11.38 kWh
Ranked 59th.
0.0
Ranked 132nd.

Stock of money $2.18 billion
Ranked 5th.
$21.72 billion
Ranked 40th. 10 times more than Ghana
GDP growth > Duration 1980-2000 1%
Ranked 73th.
-22%
Ranked 96th.
Gross national expenditure > Current US$ > Per $ GDP 1.26$ per $1 of GDP
Ranked 15th. 53% more than Nigeria
0.821$ per $1 of GDP
Ranked 130th.

Gross fixed capital formation > Current US$ per capita 145.39$
Ranked 109th.
147.88$
Ranked 108th. 2% more than Ghana

Foreign aid > International assistance received per capita 55.39
Ranked 67th. 6 times more than Nigeria
8.53
Ranked 118th.

Foreign aid > From United States 79.53 million
Ranked 38th.
363.89 million
Ranked 9th. 5 times more than Ghana

Foreign aid > From Switzerland 8.32 million
Ranked 29th. 119 times more than Nigeria
70,000
Ranked 96th.

Foreign aid > Net Foreign aid received > Current US$ $1.29 billion
Ranked 15th. About the same as Nigeria
$1.29 billion
Ranked 16th.

GNI > Atlas method > Current US$ > Per capita 453.02$ per capita
Ranked 133th.
523.7$ per capita
Ranked 126th. 16% more than Ghana

Income > GNI, PPP > Constant 2005 international $ $25.82 billion
Ranked 95th.
$359.15 billion
Ranked 29th. 14 times more than Ghana

Income > GNI per capita, PPP > Constant 2005 international $ $1,207.54
Ranked 156th.
$2,127.26
Ranked 87th. 76% more than Ghana

Income > GDP, PPP > Constant 2005 international $ per capita $1,764.40
Ranked 143th.
$2,335.35
Ranked 133th. 32% more than Ghana

International tourism > Receipts > Current US$ 827 million$
Ranked 73th. 17 times more than Nigeria
49 million$
Ranked 129th.

Terms of trade 47
Ranked 87th. 42% more than Nigeria
33
Ranked 101st.
Oil > Production per thousand people 0.366 bbl/day
Ranked 97th.
15.39 bbl/day
Ranked 38th. 42 times more than Ghana

Gross savings > Current US$ per capita 110.1$
Ranked 95th.
211.78$
Ranked 78th. 92% more than Ghana

Innovation > Patent applications, nonresidents per million 2.39
Ranked 89th.
2.57
Ranked 70th. 8% more than Ghana

Trade > Exports > Export growth in USD 349.49
Ranked 32nd. 47% more than Nigeria
238.08
Ranked 60th.

IBRD loans and IDA credits > PPG DOD > Current US$ 4.23 billion$
Ranked 7th. 2 times more than Nigeria
1.86 billion$
Ranked 19th.

Innovation > Scientific and technical journal articles 101.5
Ranked 86th.
461.8
Ranked 55th. 5 times more than Ghana

GDP > PPP > Current international $ per capita 2,564.01 PPP $
Ranked 110th. 2 times more than Nigeria
1,062.45 PPP $
Ranked 145th.

Poverty and inequality > Population in multidimensional poverty > Proportion 31.2%
Ranked 6th.
54.1%
Ranked 3rd. 73% more than Ghana
Poverty and inequality > Population below national poverty line > Urban 10.8%
Ranked 26th.
51.2%
Ranked 2nd. 5 times more than Ghana

Welfare > Revenue, excluding grants > Current LCU per capita 466.85
Ranked 104th.
15,785.82
Ranked 53th. 34 times more than Ghana

Transnational corporations > Affiliates 54
Ranked 93th. 13% more than Nigeria
48
Ranked 95th.
Oil > Imports per thousand people 2.91 bbl/day
Ranked 125th. 2 times more than Nigeria
1.21 bbl/day
Ranked 148th.

Oil > Imports 68,830 bbl/day
Ranked 74th.
187,700 bbl/day
Ranked 47th. 3 times more than Ghana

Imports > Partners China 25.6%, Nigeria 11%, US 7%, Netherlands 6.2%, Singapore 4.5%, UK 4.1%, India 4% China 18.3%, US 10.1%, India 5.5%
Electricity > Production per capita 353.39 kWh
Ranked 83th. 3 times more than Nigeria
133.13 kWh
Ranked 99th.

Market value of publicly traded shares $3.10 billion
Ranked 92nd.
$39.27 billion
Ranked 51st. 13 times more than Ghana

GDP growth > Duration 1975-2000 0.1%
Ranked 95th.
-0.7%
Ranked 117th.
Trade > Imports > By good > Passenger cars etc 235,378
Ranked 4th.
331,753
Ranked 52nd. 41% more than Ghana
Trade balance with US $35.70 million
Ranked 26th.
$-2,427,600,000.00
Ranked 213th.
Household final > Consumption expenditure > Current US$ 8.71 billion$
Ranked 81st.
36.36 billion$
Ranked 46th. 4 times more than Ghana

Services > Etc. > Value added > Constant 2000 US$ 2.52 billion constant 2000 US$
Ranked 91st.
12.63 billion constant 2000 US$
Ranked 54th. 5 times more than Ghana

Gross fixed capital formation > Current US$ 3.11 billion$
Ranked 78th.
20.64 billion$
Ranked 41st. 7 times more than Ghana

Household final > Consumption expenditure > Current US$ > Per capita 393.95$ per capita
Ranked 110th. 53% more than Nigeria
257.22$ per capita
Ranked 125th.

Merchandise > Exports > Current US$ 2.49 billion$
Ranked 106th.
42.28 billion$
Ranked 42nd. 17 times more than Ghana

Trade > Exports > Goods and services > Constant 2000 US$ 3 billion constant 2000 US$
Ranked 85th.
28.47 billion constant 2000 US$
Ranked 37th. 9 times more than Ghana

Poverty > Population under $1 a day > Per $ GDP 0.00928 per $10 million
Ranked 24th. 66% more than Nigeria
0.00558 per $10 million
Ranked 31st.
Tax > Time to prepare and pay taxes > Hours 224
Ranked 88th.
938
Ranked 4th. 4 times more than Ghana

Balance of payments > Capital and financial account > Net errors and omissions > Adjusted > BoP > Current US$ $-684,378,120.04
Ranked 104th.
$-38,742,919,106.93
Ranked 142nd. 57 times more than Ghana

Financial sector > Monetary holdings > Liabilities > Money and quasi money > M2 > Current LCU 4 billion
Ranked 136th.
8.93 trillion
Ranked 19th. 2229 times more than Ghana

Balance of payments > Current account > Goods > Services and income > Exports of goods > Services > Income and wo $8.02 billion
Ranked 86th.
$80.81 billion
Ranked 36th. 10 times more than Ghana

Commercial service imports > Current US$ > Per capita 51.16$ per capita
Ranked 119th.
51.79$ per capita
Ranked 118th. 1% more than Ghana

Commercial service imports > Current US$ 1.13 billion$
Ranked 90th.
7.32 billion$
Ranked 47th. 6 times more than Ghana

Royalty and license fees > Payments > BoP > Current US$ per capita 0.0428 BoP $
Ranked 73th.
0.324 BoP $
Ranked 95th. 8 times more than Ghana

Net income > BoP > Current US$ per million -8,749,518.449 BoP $
Ranked 43th.
-48,227,338.392 BoP $
Ranked 64th. 6 times more than Ghana

Trade > Imports of goods > Services and income > BoP > Current US$ per capita 319.87 BoP $
Ranked 117th. 39% more than Nigeria
229.58 BoP $
Ranked 121st.

Foreign direct investment > Net > BoP > Current US$ > Per $ GDP 9.93 BoP $ per $1,000 of GDP
Ranked 86th.
20.35 BoP $ per $1,000 of GDP
Ranked 68th. 2 times more than Ghana

Natural gas > Proved reserves per capita 912.54 cu m
Ranked 75th.
32,230.38 cu m
Ranked 27th. 35 times more than Ghana

Natural gas > Consumption 0.0
Ranked 152nd.
7.22 billion cu m
Ranked 44th.

Natural gas > Proved reserves 22.65 billion cu m
Ranked 71st.
5.29 trillion cu m
Ranked 7th. 234 times more than Ghana

External debt > Date of information 2006 est. 2006 est.
Public and publicly guaranteed debt service > TDS > Current US$ 229.79 million$
Ranked 55th.
8.82 billion$
Ranked 6th. 38 times more than Ghana

External debt > Debt outstanding > Use of IMF credit > DOD > Current US$ $271.37 million
Ranked 20th.
0.0
Ranked 113th.

Balance of payments > Capital and financial account > Foreign direct investment > Net inflows in reporting econ $1.68 billion
Ranked 31st.
$5.79 billion
Ranked 13th. 3 times more than Ghana

Tourism > International tourism, receipts for travel items > Current US$ per capita $27.96
Ranked 125th. 7 times more than Nigeria
$3.79
Ranked 144th.

Tourism > International tourism, expenditures > Current US$ $1.03 billion
Ranked 71st.
$9.53 billion
Ranked 29th. 9 times more than Ghana

Companies > Ease of doing business index > 1=most business-friendly regulations per million 2.44
Ranked 145th. 3 times more than Nigeria
0.817
Ranked 165th.
International tourism > Receipts for travel items > Current US$ $919.00 million
Ranked 76th. 4 times more than Nigeria
$221.00 million
Ranked 115th.

Tourism receipts > International > Per $ GDP $77.14 per $1,000 of GDP
Ranked 36th. 164 times more than Nigeria
$0.47 per $1,000 of GDP
Ranked 152nd.

Trade > Tariffs > Binding coverage > All products 14.32%
Ranked 77th.
19.26%
Ranked 76th. 34% more than Ghana

GDP > PPP > Constant 2000 international $ > Per capita 2,205.91 PPP 2000 $ per capita
Ranked 111th. 2 times more than Nigeria
933.38 PPP 2000 $ per capita
Ranked 147th.

GDP > PPP > Current international $ > Per capita 2,479.51 PPP $ per capita
Ranked 111th. 2 times more than Nigeria
1,049.15 PPP $ per capita
Ranked 147th.

Foreign aid > From European Commission 115.94 million
Ranked 30th. 27% more than Nigeria
91.13 million
Ranked 38th.

Financial sector > Interest rates > Interest rate spread > Lending rate minus deposit rate 9.08%
Ranked 16th. 3 times more than Nigeria
3.51%
Ranked 82nd.

International tourism > Expenditures > Current US$ 472 million$
Ranked 67th.
1.47 billion$
Ranked 45th. 3 times more than Ghana

Tax > Tax payments > Number per million 1.26
Ranked 122nd. 5 times more than Nigeria
0.278
Ranked 164th.

Trade > Exports > Per $ GDP $0.29 per $1 of GDP
Ranked 89th.
$0.50 per $1 of GDP
Ranked 36th. 72% more than Ghana

Purchasing power parity > PPP conversion factor > Private > Consumption > LCU per international $ $0.70
Ranked 142nd.
$101.55
Ranked 38th. 145 times more than Ghana

Trade > Exports > Export growth 135.16
Ranked 70th. 25% more than Nigeria
107.89
Ranked 99th.

Purchasing power parity > GDP > PPP > Constant 2005 international $ $33.60 billion
Ranked 87th.
$309.58 billion
Ranked 29th. 9 times more than Ghana

Tourism expenditures > International $270.00 million
Ranked 83th.
$1.47 billion
Ranked 43th. 5 times more than Ghana

Trade > Exports > By good > Perfume toilet cosmetics 7,981
Ranked 1st. 56 times more than Nigeria
143
Ranked 88th.

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