| STAT | Nigeria | United States | HISTORY |
|---|---|---|---|
| Budget > Revenues |
$22.35 billion
Ranked 67th. |
$2.45 trillion
Ranked 1st. 110 times more than Nigeria |
|
| Budget surplus > + or deficit > - |
-2.1% of GDP
Ranked 72nd. |
-6.8% of GDP
Ranked 157th. 3 times more than Nigeria |
|
| Debt > Government debt > Public debt, share of GDP |
18.8 CIA
Ranked 129th. |
72.5 CIA
Ranked 35th. 4 times more than Nigeria |
|
| Overview | 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. | The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $49,800. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, they face higher barriers to enter their rivals' home markets than foreign firms face entering US markets. US firms are at or near the forefront in technological advances, especially in computers and in medical, aerospace, and military equipment; their advantage has narrowed since the end of World War II. The onrush of technology largely explains the gradual development of a "two-tier labor market" in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. Since 1975, practically all the gains in household income have gone to the top 20% of households. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income. Imported oil accounts for nearly 55% of US consumption. Crude oil prices doubled between 2001 and 2006, the year home prices peaked; higher gasoline prices ate into consumers' budgets and many individuals fell behind in their mortgage payments. Oil prices climbed another 50% between 2006 and 2008, and bank foreclosures more than doubled in the same period. Besides dampening the housing market, soaring oil prices caused a drop in the value of the dollar and a deterioration in the US merchandise trade deficit, which peaked at $840 billion in 2008. The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the United States into a recession by mid-2008. GDP contracted until the third quarter of 2009, making this the deepest and longest downturn since the Great Depression. To help stabilize financial markets, in October 2008 the US Congress established a $700 billion Troubled Asset Relief Program (TARP). The government used some of these funds to purchase equity in US banks and industrial corporations, much of which had been returned to the government by early 2011. In January 2009 the US Congress passed and President Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus to be used over 10 years - two-thirds on additional spending and one-third on tax cuts - to create jobs and to help the economy recover. In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP. In 2012 the federal government reduced the growth of spending and the deficit shrank to 7.6% of GDP. Wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the budget deficit and public debt. Through 2011, the direct costs of the wars totaled nearly $900 billion, according to US government figures. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries. In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, a health insurance reform that was designed to extend coverage to an additional 32 million American citizens by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on health care - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote financial stability by protecting consumers from financial abuses, ending taxpayer bailouts of financial firms, dealing with troubled banks that are "too big to fail," and improving accountability and transparency in the financial system - in particular, by requiring certain financial derivatives to be traded in markets that are subject to government regulation and oversight. In December 2012, the Federal Reserve Board announced plans to purchase $85 billion per month of mortgage-backed and Treasury securities in an effort to hold down long-term interest rates, and to keep short term rates near zero until unemployment drops to 6.5% from the December rate of 7.8%, or until inflation rises above 2.5%. Long-term problems include stagnation of wages for lower-income families, inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, energy shortages, and sizable current account and budget deficits - including significant budget shortages for state governments. |
|
| Exports |
$95.68 billion
Ranked 38th. |
$1.56 trillion
Ranked 2nd. 16 times more than Nigeria |
|
| GDP |
$262.61 billion
Ranked 37th. |
$15.68 trillion
Ranked 2nd. 60 times more than Nigeria |
|
| GDP > Per capita |
$2,334.26
per capita
Ranked 82nd. |
$45,759.46
per capita
Ranked 8th. 20 times more than Nigeria |
|
| GDP > Per capita > PPP |
$2,700.00
Ranked 141st. |
$51,700.00
Ranked 6th. 19 times more than Nigeria |
|
| GDP > Purchasing power parity per capita |
$2,315.48
Ranked 138th. |
$47,587.30
Ranked 7th. 21 times more than Nigeria |
|
| GDP per capita |
$1,555.41
Ranked 133th. |
$49,965.27
Ranked 10th. 32 times more than Nigeria |
|
| Gross National Income |
$37.13 billion
Ranked 48th. |
$9.78 trillion
Ranked 1st. 263 times more than Nigeria |
|
| Inflation rate > Consumer prices |
12.2%
Ranked 17th. 6 times more than United States |
2.1%
Ranked 160th. |
|
| Population below poverty line |
70%
Ranked 1st. 5 times more than United States |
15.1%
Ranked 34th. |
|
| Public debt |
17.9% of GDP
Ranked 130th. |
70% of GDP
Ranked 37th. 4 times more than Nigeria |
|
| Unemployment rate |
4.9%
Ranked 90th. |
8.1%
Ranked 47th. 65% more than Nigeria |
|
| GDP > Composition, by sector of origin > Services |
26%
Ranked 185th. |
79.7%
Ranked 14th. 3 times more than Nigeria |
|
| Exports per capita |
$566.71
Ranked 124th. |
$4,972.70
Ranked 50th. 9 times more than Nigeria |
|
| Distribution of family income > Gini index |
43.7
Ranked 6th. |
45
Ranked 9th. 3% more than Nigeria |
|
| Human Development Index |
0.453
Ranked 158th. |
0.944
Ranked 10th. 2 times more than Nigeria |
|
| Tourist arrivals > Per capita |
7.67
per 1,000 people
Ranked 167th. |
190.7
per 1,000 people
Ranked 91st. 25 times more than Nigeria |
|
| GDP > Purchasing power parity |
$444.30 billion
Ranked 30th. |
$16.24 trillion
Ranked 1st. 37 times more than Nigeria |
|
| Currency > PPP conversion factor to official exchange rate ratio |
0.67
Ranked 43th. |
1
Ranked 24th. 49% more than Nigeria |
|
| Fiscal year | calendar year | 1 |
|
| GDP > Composition by sector > Industry |
43%
Ranked 24th. 2 times more than United States |
19.1%
Ranked 160th. |
|
| Currency > Official exchange rate > LCU per US$, period average |
$156.81
Ranked 45th. 157 times more than United States |
$1.00
Ranked 147th. |
|
| Inequality > GINI index |
42.93
Ranked 9th. 5% more than United States |
40.81
Ranked 16th. |
|
| Imports per capita |
$316.05
Ranked 158th. |
$7,336.40
Ranked 47th. 23 times more than Nigeria |
|
| Gross National Income per capita |
$294.69
Ranked 136th. |
$34,319.53
Ranked 5th. 116 times more than Nigeria |
|
| Tax > Highest marginal tax rate > Individual rate |
25%
Ranked 15th. |
35%
Ranked 35th. 40% more than Nigeria |
|
| GDP per capita in 1950 |
$547.00
Ranked 48th. |
$9,573.00
Ranked 1st. 18 times more than Nigeria |
|
| Technology index |
2.99
Ranked 86th. |
6.24
Ranked 1st. 2 times more than Nigeria |
|
| Development > Human Development Index |
0.471
Ranked 151st. |
0.937
Ranked 3rd. 99% more than Nigeria |
|
| Population below poverty line > Per capita |
0.518%
per 1 million people
Ranked 18th. 13 times more than United States |
0.041%
per 1 million people
Ranked 44th. |
|
| GDP > Per capita > PPP per thousand people |
$0.02
Ranked 180th. |
$0.16
Ranked 139th. 10 times more than Nigeria |
|
| Exports > Commodities | petroleum and petroleum products 95%, cocoa, rubber | agricultural products (soybeans, fruit, corn) 9.2%, industrial supplies (organic chemicals) 26.8%, capital goods (transistors, aircraft, motor vehicle parts, computers, telecommunications equipment) 49.0%, consumer goods (automobiles, medicines) 15.0% | |
| Poverty and inequality > Richest quintile to poorest quintile ratio |
9.7
Ranked 11th. 15% more than United States |
8.4
Ranked 3rd. |
|
| Imports |
$53.36 billion
Ranked 51st. |
$2.30 trillion
Ranked 1st. 43 times more than Nigeria |
|
| Budget > Expenditures |
$27.87 billion
Ranked 66th. |
$3.54 trillion
Ranked 1st. 127 times more than Nigeria |
|
| GINI index |
43.7
Ranked 14th. 7% more than United States |
40.81
Ranked 16th. |
|
| Reserves of foreign exchange and gold per capita |
$348.74
Ranked 93th. 49% more than United States |
$234.27
Ranked 105th. |
|
| Debt > Net foreign assets > Current LCU |
8.71 trillion
Ranked 18th. |
-125,482,689,271
Ranked 162nd. |
|
| Tourist arrivals |
1.11 million
Ranked 78th. |
57.94 million
Ranked 3rd. 52 times more than Nigeria |
|
| Budget > Revenues > Per capita |
$114.63
per capita
Ranked 79th. |
$8,527.60
per capita
Ranked 29th. 74 times more than Nigeria |
|
| Inbound tourism income > Current US$ |
$586.00 million
Ranked 99th. |
$166.53 billion
Ranked 2nd. 284 times more than Nigeria |
|
| GDP per person |
1,118.11
Ranked 127th. |
45,989.18
Ranked 9th. 41 times more than Nigeria |
|
| Exports > Main exports | Petroleum, petroleum products, cocoa, rubber | Computers and electrical machinery, vehicles, chemical products, food and live animals, military equipment and aircraft | |
| Budget > Revenues per capita |
$113.71
Ranked 130th. |
$6,763.09
Ranked 33th. 59 times more than Nigeria |
|
| Debt > External |
$13.40 billion
Ranked 89th. |
$15.93 trillion
Ranked 1st. 1189 times more than Nigeria |
|
| Gross domestic savings > Current US$ per capita |
274.82$
Ranked 75th. |
5,533.71$
Ranked 25th. 20 times more than Nigeria |
|
| Central bank discount rate |
4.25%
Ranked 71st. 9 times more than United States |
0.5%
Ranked 122nd. |
|
| Debt > External > Per capita |
$59.30
per capita
Ranked 129th. |
$40,678.76
per capita
Ranked 12th. 686 times more than Nigeria |
|
| GDP > Composition by sector > Services |
26%
Ranked 174th. |
79.7%
Ranked 15th. 3 times more than Nigeria |
|
| Tax > GDP > Constant LCU |
902.79 billion
Ranked 72nd. |
14.23 trillion
Ranked 18th. 16 times more than Nigeria |
|
| Tourism > International tourism, number of arrivals per capita |
0.00435
Ranked 162nd. |
0.201
Ranked 98th. 46 times more than Nigeria |
|
| International tourism > Receipts > Current US$ > Per $ GDP |
0.68$
per $1,000 of GDP
Ranked 131st. |
9.9$
per $1,000 of GDP
Ranked 97th. 15 times more than Nigeria |
|
| Consumer price index |
207.54%
Ranked 13th. 83% more than United States |
113.41%
Ranked 105th. |
|
| GDP > Composition by sector > Agriculture |
30.9%
Ranked 25th. 26 times more than United States |
1.2%
Ranked 191st. |
|
| GDP per capita > PPP > Current international $ |
1,127.53 PPP $
Ranked 145th. |
41,889.57 PPP $
Ranked 2nd. 37 times more than Nigeria |
|
| Industries | 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 | highly diversified, world leading, high-technology innovator, second largest industrial output in world; petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, mining |
|
| Population below poverty line > Per $ GDP |
1,304.81%
per $1 trillion of GD
Ranked 7th. 1271 times more than United States |
1.03%
per $1 trillion of GD
Ranked 42nd. |
|
| GDP > Composition, by end use > Imports of goods and services |
-22.8%
Ranked 15th. 35% more than United States |
-16.9%
Ranked 4th. |
|
| GDP per capita in 1973 |
$1,120.00
Ranked 43th. |
$16,607.00
Ranked 2nd. 15 times more than Nigeria |
|
| GDP per capita > Constant LCU | 1822.57 | 37267.33 |
|
| Balance of payments > Capital and financial account > Foreign direct investment > Net inflows > BoP > Current US |
$5.79 billion
Ranked 33th. |
$134.71 billion
Ranked 3rd. 23 times more than Nigeria |
|
| Labor force |
5
Ranked 153th. |
155
Ranked 39th. 31 times more than Nigeria |
|
| GDP > Real growth rate |
6.6%
Ranked 33th. 2 times more than United States |
2.8%
Ranked 106th. |
|
| Debt > Government debt > Gross government debt, share of GDP |
17.76 IMF
Ranked 154th. |
106.53 IMF
Ranked 11th. 6 times more than Nigeria |
|
| Debt > Central government debt, total > Current LCU |
736.08 billion
Ranked 22nd. |
12.26 trillion
Ranked 8th. 17 times more than Nigeria |
|
| International tourism > Number of arrivals |
962,000
Ranked 78th. |
49.21 million
Ranked 3rd. 51 times more than Nigeria |
|
| Economic growth > Per capita |
3.2
Ranked 21st. |
-3.47
Ranked 111th. |
|
| Foreign direct investment > Net > BoP > Current US$ per capita |
14.42 BoP $
Ranked 84th. |
340.7 BoP $
Ranked 23th. 24 times more than Nigeria |
|
| GDP per capita > Constant 2000 US$ |
459.31 constant 2000 US$
Ranked 129th. |
37,267.33 constant 2000 US$
Ranked 4th. 81 times more than Nigeria |
|
| Economic freedom |
55.1
Ranked 121st. |
76
Ranked 10th. 38% more than Nigeria |
|
| GDP > Official exchange rate per capita |
$1,294.24
Ranked 131st. |
$47,264.02
Ranked 8th. 37 times more than Nigeria |
|
| Stock of direct foreign investment > At home |
$76.75 billion
Ranked 43th. |
$2.65 trillion
Ranked 1st. 35 times more than Nigeria |
|
| Current account balance |
$20.35 billion
Ranked 18th. |
$-440,400,000,000.00
Ranked 180th. |
|
| Agriculture > Products | cocoa, peanuts, cotton, palm oil, corn, rice, sorghum, millet, cassava (tapioca), yams, rubber; cattle, sheep, goats, pigs; timber; fish | wheat, corn, other grains, fruits, vegetables, cotton; beef, pork, poultry, dairy products; fish; forest products |
|
| Trade > Imports per capita |
$214.02
Ranked 129th. |
$6,152.08
Ranked 42nd. 29 times more than Nigeria |
|
| Currency | naira | US dollar | |
| Current account balance > BoP > Current US$ per capita |
173.38 BoP $
Ranked 27th. |
-2,678.39 BoP $
Ranked 134th. |
|
| GNI per capita |
$1,280.00
Ranked 53th. |
$48,620.00
Ranked 11th. 38 times more than Nigeria |
|
| GDP > Purchasing power parity > Per capita |
$2,334.26
per capita
Ranked 82nd. |
$45,759.46
per capita
Ranked 8th. 20 times more than Nigeria |
|
| Companies > Listed domestic companies, total |
192
Ranked 43th. |
4,102
Ranked 3rd. 21 times more than Nigeria |
|
| Trade > Exports per capita |
$477.94
Ranked 106th. |
$4,105.70
Ranked 46th. 9 times more than Nigeria |
|
| Current account balance per capita |
$173.88
Ranked 36th. |
0.0
Ranked 79th. |
|
| Money and quasi money > M2 > Current LCU | 2631100000000 | 9258648000000 |
|
| Tourism > International tourism, number of arrivals |
715,000
Ranked 103th. |
62.71 million
Ranked 3rd. 88 times more than Nigeria |
|
| Gross national saving |
15.9% of GDP
Ranked 98th. 27% more than United States |
12.5% of GDP
Ranked 118th. |
|
| Tax > GDP > Constant LCU per capita |
5,347.24
Ranked 152nd. |
45,335.9
Ranked 81st. 8 times more than Nigeria |
|
| Retail > Gross value added by wholesale, retail trade, restaurants and hotels |
41.05 billion
Ranked 38th. |
2.36 trillion
Ranked 1st. 58 times more than Nigeria |
|
| Companies > Market capitalization of listed companies > Current US$ per capita |
$333.99
Ranked 95th. |
$59,469.57
Ranked 6th. 178 times more than Nigeria |
|
| Market capitalization of listed companies > Current US$ per capita |
229$
Ranked 53th. |
57,519.54$
Ranked 6th. 251 times more than Nigeria |
|
| Household final > Consumption expenditure > Current US$ per capita |
260.48$
Ranked 122nd. |
28,053.8$
Ranked 3rd. 108 times more than Nigeria |
|
| Budget > Expenditures per capita |
$185.03
Ranked 126th. |
$10,981.93
Ranked 24th. 59 times more than Nigeria |
|
| Reserves > Total reserves > Includes gold, current US$ |
$47.55 billion
Ranked 37th. |
$574.27 billion
Ranked 4th. 12 times more than Nigeria |
|
| Stock of broad money | None | None |
|
| Exchange rates | 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) | <strong>British pounds per US dollar: </strong>0.6324 (2012 est.), 0.624 (2011 est.), 0.6472 (2010), 0.6175 (2009), 0.5302 (2008)<br /><strong>Canadian dollars per US dollar:</strong> (2012 est.), 1.001 (2012 est.), 0.9895 (2011 est), 1.0302 (2010 est.), 1.1431 (2009), 1.0364 (2008)<br /><strong>Chinese yuan per US dollar:</strong> (2011 est.), 6.311 (2012 est.), 6.4615 (20111 est.), 6.7703 (2010 est.), 6.8314 (2009), 6.9385 (2008)<br /><strong>euros per US dollar:</strong> 0.7838 (2012 est.), 0.7185 (2011 est.), 0.755 (2010 est.), 0.7198 (2009), 0.6827 (2008)<br /><strong>Japanese yen per US dollar:</strong> 79.42 (2012 est.), 79.81 (2011 est.), 87.78 (2010), 93.57 (2009), 103.58 (2008) |
|
| Debt > External per capita |
$54.40
Ranked 128th. |
$40,666.44
Ranked 13th. 748 times more than Nigeria |
|
| Size of economy > Share of world GDP |
0.12%
Ranked 54th. |
31.49%
Ranked 1st. 262 times more than Nigeria |
|
| Gross fixed capital formation > Current US$ > Per $ GDP |
0.209$
per $1 of GDP
Ranked 77th. 12% more than United States |
0.187$
per $1 of GDP
Ranked 112th. |
|
| Exports > Partners | 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% | Canada 18.9%, Mexico 14%, China 7.2%, Japan 4.5% |
|
| GDP > Official exchange rate |
$266.60 billion
Ranked 36th. |
$16.02 trillion
Ranked 1st. 60 times more than Nigeria |
|
| GDP per capita > PPP > Constant 2000 international $ |
1,003.11 PPP 2000 $
Ranked 145th. |
37,267.33 PPP 2000 $
Ranked 2nd. 37 times more than Nigeria |
|
| Investment > Gross fixed |
18.8% of GDP
Ranked 109th. 46% more than United States |
12.9% of GDP
Ranked 139th. |
|
| Income receipts > BoP > Current US$ per capita |
5.05 BoP $
Ranked 112th. |
1,606.16 BoP $
Ranked 22nd. 318 times more than Nigeria |
|
| Bank liquid > Reserves to bank assets ratio |
16.7
Ranked 47th. 22 times more than United States |
0.76
Ranked 160th. |
|
| Tax > Highest marginal tax rate > Corporate rate |
30%
Ranked 39th. |
40%
Ranked 4th. 33% more than Nigeria |
|
| Stock of narrow money | None | None |
|
| GDP > Composition, by sector of origin > Industry |
43%
Ranked 28th. 2 times more than United States |
19.2%
Ranked 161st. |
|
| Debt > Net domestic credit > Current LCU |
14.67 trillion
Ranked 18th. |
16.15 trillion
Ranked 16th. 10% more than Nigeria |
|
| Trade > Exports > Exports of goods and services > Constant 2000 US$ per capita |
$517.09
Ranked 87th. |
$5,885.16
Ranked 34th. 11 times more than Nigeria |
|
| Net current transfers from abroad > Constant LCU | 10639650000 | -74888950000 |
|
| Foreign direct investment > Net inflows > BoP > Current US$ per capita |
14.42 BoP $
Ranked 113th. |
371.4 BoP $
Ranked 35th. 26 times more than Nigeria |
|
| GDP > Current LCU | 12989630000000 | 12416510000000 |
|
| High-technology > Exports > Current US$ > Per capita |
$99.26
per 1,000 people
Ranked 108th. |
$760,722.33
per 1,000 people
Ranked 24th. 7664 times more than Nigeria |
|
| GDP > Composition, by sector of origin > Agriculture |
30.9%
Ranked 21st. 28 times more than United States |
1.1%
Ranked 194th. |
|
| Savings > Gross domestic savings > Current US$ per capita |
$634.15
Ranked 73th. |
$8,113.69
Ranked 21st. 13 times more than Nigeria |
|
| Net barter terms of trade |
122.35%
Ranked 7th. 26% more than United States |
97.17%
Ranked 22nd. |
|
| Tax > Tax payments > Number |
47
Ranked 24th. 4 times more than United States |
11
Ranked 139th. |
|
| Real interest rate |
-7.02%
Ranked 123th. |
3.08%
Ranked 86th. |
|
| Royalty and license fees > Receipts > BoP > Current US$ > Per $ GDP |
277.74 BoP $
per $1 million of
Ranked 54th. |
4,623.68 BoP $
per $1 million of
Ranked 12th. 17 times more than Nigeria |
|
| Inflation |
141.96
Ranked 33th. 29% more than United States |
109.85
Ranked 143th. |
|
| Outbound tourist spending |
4.77 billion
Ranked 36th. |
117.97 billion
Ranked 2nd. 25 times more than Nigeria |
|
| Income > GNI, PPP > Current international $ per capita |
$2,449.46
Ranked 127th. |
$52,608.35
Ranked 5th. 21 times more than Nigeria |
|
| Income > GNI per capita, PPP > Current international $ |
$2,450.00
Ranked 127th. |
$52,610.00
Ranked 5th. 21 times more than Nigeria |
|
| GDP > By type of expenditure > Household consumption expenditure per capita |
1,042.62
Ranked 154th. |
35,518
Ranked 8th. 34 times more than Nigeria |
|
| Reserves of foreign exchange and gold |
$46.41 billion
Ranked 41st. |
$150.20 billion
Ranked 18th. 3 times more than Nigeria |
|
| Size of economy > GDP > GDP growth |
6.55%
Ranked 31st. 3 times more than United States |
2.21%
Ranked 111th. |
|
| GDP > Constant 2000 US$ |
60.41 billion constant 2000 US$
Ranked 51st. |
11.05 trillion constant 2000 US$
Ranked 1st. 183 times more than Nigeria |
|
| Tax > Highest marginal tax rate > Individual > On income exceeding > US$ |
$1,553.40
Ranked 13th. |
$372,950.00
Ranked 2nd. 240 times more than Nigeria |
|
| International tourism > Expenditures > Current US$ per capita |
10.8$
Ranked 115th. |
337.12$
Ranked 32nd. 31 times more than Nigeria |
|
| Purchasing power parity conversion factor > LCU per international $ | 87.59 | 1 |
|
| GDP > Composition, by end use > Household consumption |
47.4%
Ranked 163th. |
68.6%
Ranked 80th. 45% more than Nigeria |
|
| Current transfers > Receipts > BoP > Current US$ |
3.33 billion BoP $
Ranked 37th. |
15.77 billion BoP $
Ranked 8th. 5 times more than Nigeria |
|
| Innovation > Patent applications, residents per million |
0.126
Ranked 68th. |
795.12
Ranked 3rd. 6336 times more than Nigeria |
|
| Tax > Taxes on income, profits and capital gains > Current LCU |
14.14 billion
Ranked 79th. |
1.4 trillion
Ranked 15th. 99 times more than Nigeria |
|
| Debt > Net current transfers from abroad > Current LCU |
3.39 trillion
Ranked 7th. |
-144,700,000,000
Ranked 130th. |
|
| Debt > Government debt > Net government debt, share of GDP |
13.28 IMF
Ranked 73th. |
87.86 IMF
Ranked 10th. 7 times more than Nigeria |
|
| GDP > PPP > Constant 2000 international $ per capita |
945.22 PPP 2000 $
Ranked 145th. |
37,380.07 PPP 2000 $
Ranked 2nd. 40 times more than Nigeria |
|
| Consumption > Consumption by sector > Equals: Household final consumption expenditure |
95.91 billion USD
Ranked 37th. |
10.44 trillion USD
Ranked 2nd. 109 times more than Nigeria |
|
| Debt > Central government debt, total > Current LCU per capita |
4,868.01
Ranked 52nd. |
39,342.95
Ranked 20th. 8 times more than Nigeria |
|
| Net income > BoP > Current US$ > Per capita |
-47,623.385 BoP $
per 1,000 people
Ranked 65th. |
38,102.24 BoP $
per 1,000 people
Ranked 22nd. |
|
| GDP > CIA Factbook |
$114.80 billion
Ranked 54th. |
$10.99 trillion
Ranked 1st. 96 times more than Nigeria |
|
| Poverty and inequality > Poorest's share in national income or consumption |
5.89%
Ranked 9th. 8% more than United States |
5.44%
Ranked 30th. |
|
| Debt > Net foreign assets > Current LCU per capita |
51,614.17
Ranked 56th. |
-399.736
Ranked 157th. |
|
| Tax > GDP > Current LCU |
41.18 trillion
Ranked 20th. 3 times more than United States |
16.24 trillion
Ranked 28th. |
|
| GDP > PPP per capita |
$1,143.91
Ranked 145th. |
$39,712.68
Ranked 2nd. 35 times more than Nigeria |
|
| GNI |
162.9 billion
Ranked 42nd. |
14.01 trillion
Ranked 2nd. 86 times more than Nigeria |
|
| GDP > PPP |
$155.57 billion
Ranked 50th. |
$11.63 trillion
Ranked 1st. 75 times more than Nigeria |
|
| Development > Human Development Index > Inequality adjusted |
0.276
Ranked 118th. |
0.821
Ranked 16th. 3 times more than Nigeria |
|
| Market capitalization of listed companies > Current US$ |
32.82 billion$
Ranked 29th. |
17 trillion$
Ranked 1st. 518 times more than Nigeria |
|
| Companies > Listed domestic companies, total per million |
1.14
Ranked 106th. |
13.07
Ranked 49th. 11 times more than Nigeria |
|
| Tax > GDP > Current US$ per capita |
$1,555.36
Ranked 135th. |
$51,748.56
Ranked 10th. 33 times more than Nigeria |
|
| Industrial production growth rate |
2.3%
Ranked 93th. |
3.2%
Ranked 79th. 39% more than Nigeria |
|
| Purchasing power parity > GDP per capita > PPP > Current international $ |
$2,203.35
Ranked 124th. |
$45,989.18
Ranked 6th. 21 times more than Nigeria |
|
| World trade > Exports |
62.05 billion
Ranked 38th. |
1.58 trillion
Ranked 2nd. 25 times more than Nigeria |
|
| Tourist arrivals by region of origin > Europe |
459,985
Ranked 63th. |
10.7 million
Ranked 10th. 23 times more than Nigeria |
|
| Bank capital to assets ratio |
9.9%
Ranked 33th. |
10.4%
Ranked 11th. 5% more than Nigeria |
|
| Companies > Stock market > Stocks traded, total value > Current US$ per capita |
$24.90
Ranked 85th. |
$68,092.78
Ranked 3rd. 2735 times more than Nigeria |
|
| Lending interest rate |
17.95%
Ranked 27th. 3 times more than United States |
6.19%
Ranked 118th. |
|
| Industrial > Production growth rate |
4%
Ranked 84th. 21% more than United States |
3.3%
Ranked 92nd. |
|
| Tax > Taxes on income, profits and capital gains > Current LCU per capita |
93.49
Ranked 113th. |
4,477.99
Ranked 46th. 48 times more than Nigeria |
|
| Tax > GDP per capita > Constant LCU |
5,347.24
Ranked 152nd. |
45,335.9
Ranked 81st. 8 times more than Nigeria |
|
| Spending > Household final consumption expenditure per capita > Constant 2000 US$ |
$522.34
Ranked 90th. |
$30,898.88
Ranked 3rd. 59 times more than Nigeria |
|
| Income > GDP per capita, PPP > Current international $ |
$2,665.68
Ranked 133th. |
$51,748.56
Ranked 8th. 19 times more than Nigeria |
|
| Debt > Interest rates > Central bank discount rate |
9.5%
Ranked 38th. 38 times more than United States |
0.25%
Ranked 92nd. |
|
| Currency > Real effective exchange rate index > 2005 = 100 |
135.58
Ranked 8th. 51% more than United States |
89.58
Ranked 88th. |
|
| Net domestic credit > Current LCU | 1169839000000 | 11970270000000 |
|
| International tourism > Receipts > Current US$ per capita |
0.36$
Ranked 137th. |
416.03$
Ranked 44th. 1155 times more than Nigeria |
|
| GDP > By type of expenditure > Household consumption expenditure |
176.03 billion
Ranked 36th. |
11.15 trillion
Ranked 1st. 63 times more than Nigeria |
|
| Retail > Gross value added by wholesale, retail trade, restaurants and hotels per capita |
243.13
Ranked 151st. |
7,520.82
Ranked 17th. 31 times more than Nigeria |
|
| Commercial bank prime lending rate |
16.79%
Ranked 34th. 5 times more than United States |
3.25%
Ranked 170th. |
|
| Companies > Market capitalization of listed companies > Current US$ |
$56.39 billion
Ranked 48th. |
$18.67 trillion
Ranked 1st. 331 times more than Nigeria |
|
| Current account balance > BoP > Current US$ |
24.2 billion BoP $
Ranked 13th. |
-791,508,800,000 BoP $
Ranked 137th. |
|
| Trade > Imports |
$34.18 billion
Ranked 54th. |
$1.90 trillion
Ranked 1st. 56 times more than Nigeria |
|
| Currency > Real effective exchange rate index |
123.81%
Ranked 11th. 33% more than United States |
92.75%
Ranked 64th. |
|
| Currency > Official exchange rate > LCU per US$ > Period average | 131.27 | 1 |
|
| GDP > CIA Factbook per capita |
$866.09
Ranked 149th. |
$37,882.45
Ranked 2nd. 44 times more than Nigeria |
|
| Oil > Exports |
2.1 million bbl/day
Ranked 7th. 9% more than United States |
1.92 million bbl/day
Ranked 9th. |
|
| GDP > Composition, by end use > Exports of goods and services |
55.4%
Ranked 57th. 4 times more than United States |
13.5%
Ranked 182nd. |
|
| Purchasing power parity > GNI per capita > PPP > Current international $ |
$2,070.00
Ranked 118th. |
$45,640.00
Ranked 5th. 22 times more than Nigeria |
|
| Income > Health expenditure per capita, PPP > Constant 2005 international $ |
$139.45
Ranked 143th. |
$8,607.88
Ranked 1st. 62 times more than Nigeria |
|
| Consumption > Consumption by sector > Equals: Household final consumption expenditure per capita |
617.26 USD
Ranked 73th. |
33,496.5 USD
Ranked 5th. 54 times more than Nigeria |
|
| Spending > Household final consumption expenditure > Current US$ per capita |
$737.91
Ranked 110th. |
$35,518.00
Ranked 4th. 48 times more than Nigeria |
|
| Tax > GDP > Current LCU per capita |
243,895.61
Ranked 64th. 5 times more than United States |
51,748.56
Ranked 98th. |
|
| Debt > Strength of legal rights index > 0=weak to 10=strong per million |
0.0533
Ranked 171st. 86% more than United States |
0.0287
Ranked 182nd. |
|
| Oil > Production |
2.46 million bbl/day
Ranked 10th. |
9.69 million bbl/day
Ranked 3rd. 4 times more than Nigeria |
|
| Economy growth |
5.6
Ranked 19th. |
-2.63
Ranked 111th. |
|
| Trade > Exports > Exports of goods and services |
107.06 billion
Ranked 37th. |
2.2 trillion
Ranked 1st. 21 times more than Nigeria |
|
| Purchasing power parity > Gross domestic product per capita > PPP |
2,000.78
Ranked 123th. |
41,761.08
Ranked 6th. 21 times more than Nigeria |
|
| Trade > Export value index |
147.1%
Ranked 41st. 27% more than United States |
116.02%
Ranked 25th. |
|
| Debt > Interest payments > Current LCU |
158 billion
Ranked 21st. |
324.26 billion
Ranked 15th. 2 times more than Nigeria |
|
| Electricity > Consumption per capita |
119.97 kWh
Ranked 125th. |
12,194.74 kWh
Ranked 2nd. 102 times more than Nigeria |
|
| Market capitalization of listed companies > Current US$ > Per $ GDP |
195.61$
per $1,000 of GDP
Ranked 79th. |
1,368.98$
per $1,000 of GDP
Ranked 15th. 7 times more than Nigeria |
|
| GDP > CIA Factbook > Per capita |
$852.52 per capita
Ranked 157th. |
$37,791.00 per capita
Ranked 2nd. 44 times more than Nigeria |
|
| Income > Household final consumption expenditure, PPP > Constant 2005 international $ per capita |
$872.59
Ranked 94th. |
$30,898.88
Ranked 1st. 35 times more than Nigeria |
|
| GDP > Composition, by end use > Government consumption |
11.8%
Ranked 144th. |
19.5%
Ranked 53th. 65% more than Nigeria |
|
| GDP > Per $ GDP |
$2,334.26
per $1 of GDP
Ranked 82nd. |
$45,759.46
per $1 of GDP
Ranked 8th. 20 times more than Nigeria |
|
| Spending > Household final consumption expenditure, etc. > Current US$ |
$124.58 billion
Ranked 43th. |
$11.15 trillion
Ranked 1st. 89 times more than Nigeria |
|
| Entrepreneurship > Starting a Business > Index ranking |
105
Ranked 50th. 35 times more than United States |
3
Ranked 152nd. |
|
| GDP > Constant 2000 US$ per capita |
432.8 constant 2000 US$
Ranked 129th. |
37,380.07 constant 2000 US$
Ranked 4th. 86 times more than Nigeria |
|
| Gross domestic savings > Current US$ |
38.36 billion$
Ranked 34th. |
1.62 trillion$
Ranked 1st. 42 times more than Nigeria |
|
| GNI > Current US$ per capita |
621.5$
Ranked 126th. |
42,124.23$
Ranked 5th. 68 times more than Nigeria |
|
| Trade > Exports |
$76.33 billion
Ranked 38th. |
$1.27 trillion
Ranked 3rd. 17 times more than Nigeria |
|
| Purchasing power parity > GDP > PPP > Current international $ |
$340.92 billion
Ranked 31st. |
$14.12 trillion
Ranked 2nd. 41 times more than Nigeria |
|
| Entrepreneurship > Hiring and Firing > Index ranking |
27
Ranked 127th. 5 times more than United States |
6
Ranked 148th. |
|
| Income > GDP, PPP > Current international $ per capita |
$2,665.68
Ranked 133th. |
$51,748.56
Ranked 8th. 19 times more than Nigeria |
|
| Total > Reserves in months of imports |
10.72
Ranked 6th. 12 times more than United States |
0.92
Ranked 120th. |
|
| Imports > Commodities | machinery, chemicals, transport equipment, manufactured goods, food and live animals | agricultural products 4.9%, industrial supplies 32.9% (crude oil 8.2%), capital goods 30.4% (computers, telecommunications equipment, motor vehicle parts, office machines, electric power machinery), consumer goods 31.8% (automobiles, clothing, medicines, furniture, toys) | |
| Debt > Banks > Automated teller machines > ATMs > Per 100,000 adults |
11.39
Ranked 120th. |
173.43
Ranked 4th. 15 times more than Nigeria |
|
| Inflation > Consumer price index > 2005 = 100 |
200.79
Ranked 26th. 71% more than United States |
117.56
Ranked 152nd. |
|
| Gross domestic savings > Current US$ > Per $ GDP |
387.68$
per $1,000 of GDP
Ranked 17th. 3 times more than United States |
138.73$
per $1,000 of GDP
Ranked 102nd. |
|
| GDP > Constant LCU | 239722600000 | 11046430000000 |
|
| Poverty and inequality > Inequality adjusted income index |
0.295
Ranked 107th. |
0.681
Ranked 22nd. 2 times more than Nigeria |
|
| Welfare > Revenue, excluding grants > Current LCU |
2.39 trillion
Ranked 21st. |
2.54 trillion
Ranked 19th. 6% more than Nigeria |
|
| Labor force per thousand people |
2.87e-05
Ranked 229th. |
0.000489
Ranked 115th. 17 times more than Nigeria |
|
| Trade > Imports > Imports of goods and services |
83.67 billion
Ranked 41st. |
2.74 trillion
Ranked 1st. 33 times more than Nigeria |
|
| Debt > Government debt > Net government debt, share of GDP per million people |
0.0761 IMF
Ranked 82nd. |
0.277 IMF
Ranked 77th. 4 times more than Nigeria |
|
| GDP > Median household income (PPP) |
$3,253.00
Ranked 110th. |
$53,046.00
Ranked 7th. 16 times more than Nigeria |
|
| Public institution index |
3.31
Ranked 94th. |
5.74
Ranked 21st. 73% more than Nigeria |
|
| GNI > Atlas method > Current US$ per capita |
530.35$
Ranked 124th. |
43,695.99$
Ranked 5th. 82 times more than Nigeria |
|
| Income > GDP, PPP > Current international $ |
$450.06 billion
Ranked 28th. |
$16.24 trillion
Ranked 2nd. 36 times more than Nigeria |
|
| Income > GNI, PPP > Current international $ |
$413.55 billion
Ranked 31st. |
$16.51 trillion
Ranked 2nd. 40 times more than Nigeria |
|
| Income > Household final consumption expenditure, PPP > Constant 2005 international $ |
$147.32 billion
Ranked 41st. |
$9.70 trillion
Ranked 1st. 66 times more than Nigeria |
|
| Currency > Monetary unit | 1 Nigerian naira = 100 kobo | 1 US dollar = 100 cents | |
| Budget > Expenditures > Per $ GDP |
$0.16
per $1 of GDP
Ranked 124th. |
$0.20
per $1 of GDP
Ranked 112th. 23% more than Nigeria |
|
| Taxes and other revenues |
8.4% of GDP
Ranked 180th. |
15.3% of GDP
Ranked 2nd. 82% more than Nigeria |
|
| Balance of payments > Financial > Reserves |
10.51 billion
Ranked 11th. |
-52,181,533,779.94
Ranked 142nd. |
|
| Balance of payments > Current account > Goods > Services and income > Exports > Goods and services > Current U |
$61.55 billion
Ranked 42nd. |
$1.57 trillion
Ranked 2nd. 26 times more than Nigeria |
|
| Balance of payments > Current account > Balances > Current account balance > Current US$ |
$21.66 billion
Ranked 14th. |
$-378,434,537,000.00
Ranked 143th. |
|
| Government > Sovereign wealth funds > Assets |
1.5 billion USD
Ranked 36th. |
123 billion USD
Ranked 11th. 82 times more than Nigeria |
|
| Oil > Proved reserves |
37.2 billion bbl
Ranked 10th. 80% more than United States |
20.68 billion bbl
Ranked 13th. |
|
| Companies > Ease of doing business index > 1=most business-friendly regulations |
147
Ranked 43th. 37 times more than United States |
4
Ranked 185th. |
|
| Natural gas > Production |
23.21 billion cu m
Ranked 22nd. |
611 billion cu m
Ranked 1st. 26 times more than Nigeria |
|
| GDP deflator |
5,418.61
Ranked 12th. 48 times more than United States |
112.4
Ranked 146th. |
|
| Oil > Consumption |
279,000 bbl/day
Ranked 46th. |
19.15 million bbl/day
Ranked 1st. 69 times more than Nigeria |
|
| Tourism > International tourism, receipts > Current US$ |
$688.00 million
Ranked 104th. |
$185.89 billion
Ranked 2nd. 270 times more than Nigeria |
|
| Electricity > Consumption |
18.14 billion kWh
Ranked 53th. |
3.74 trillion kWh
Ranked 1st. 206 times more than Nigeria |
|
| Spending > Final consumption expenditure > Constant 2000 US$ per capita |
$727.34
Ranked 83th. |
$37,586.27
Ranked 5th. 52 times more than Nigeria |
|
| Tax > GDP > Current US$ |
$262.60 billion
Ranked 38th. |
$16.24 trillion
Ranked 2nd. 62 times more than Nigeria |
|
| Currency > GDP > Constant 2000 US$ per capita |
$1,071.52
Ranked 133th. |
$45,335.90
Ranked 10th. 42 times more than Nigeria |
|
| Net trade in goods and services > BoP > Current US$ |
27.62 billion BoP $
Ranked 13th. |
-716,730,000,000 BoP $
Ranked 137th. |
|
| Net capital account > BoP > Current US$ |
22.57 million BoP $
Ranked 68th. |
-4,351,000,000 BoP $
Ranked 114th. |
|
| Portfolio investment > Excluding LCFAR > BoP > Current US$ |
2.87 billion BoP $
Ranked 2nd. |
-1,088,672,000,000 BoP $
Ranked 120th. |
|
| Budget > Expenditures > Per capita |
$186.53
per capita
Ranked 76th. |
$9,065.55
per capita
Ranked 26th. 49 times more than Nigeria |
|
| GDP > Composition, by end use > Investment in inventories |
0.0
Ranked 132nd. |
0.4%
Ranked 87th. |
|
| Tourist arrivals by region of origin > Africa |
1.92 million
Ranked 2nd. 8 times more than United States |
251,654
Ranked 16th. |
|
| Trade > Exports > By good > Chocolate cocoa preparations |
416
Ranked 68th. |
502,876
Ranked 6th. 1209 times more than Nigeria |
|
| Purchasing power parity > GNI > PPP > Current international $ |
$321.01 billion
Ranked 32nd. |
$14.01 trillion
Ranked 2nd. 44 times more than Nigeria |
|
| Debt > External > Per $ GDP |
$57.33
per $1,000 of GDP
Ranked 119th. |
$760.50
per $1,000 of GDP
Ranked 31st. 13 times more than Nigeria |
|
| Trade > Exports > By good > Passenger cars etc |
33
Ranked 86th. |
21.75 million
Ranked 7th. 659182 times more than Nigeria |
|
| GNI > PPP > Current international $ |
130.21 billion PPP $
Ranked 53th. |
12.45 trillion PPP $
Ranked 1st. 96 times more than Nigeria |
|
| High-technology > Exports > Current US$ |
$14.52 million
Ranked 82nd. |
$231.13 billion
Ranked 3rd. 15920 times more than Nigeria |
|
| Stock of direct foreign investment > Abroad |
$7.44 billion
Ranked 58th. |
$4.45 trillion
Ranked 1st. 598 times more than Nigeria |
|
| Oil > Exports per thousand people |
13.53 bbl/day
Ranked 40th. 2 times more than United States |
6.26 bbl/day
Ranked 55th. |
|
| GDP > Constant 2000 US$ > Per capita |
427.38 constant 2000 US$
per c
Ranked 134th. |
37,267.35 constant 2000 US$
per c
Ranked 4th. 87 times more than Nigeria |
|
| Final > Consumption expenditure > Etc. > Current US$ |
60.59 billion$
Ranked 43th. |
10.06 trillion$
Ranked 1st. 166 times more than Nigeria |
|
| Gross National Income > Constant LCU | 286976500000 | 10687260000000 |
|
| National accounts > US$ at constant 2000 prices > Aggregate indicators > GDP per capita > Constant 2000 US$ |
$506.26
Ranked 126th. |
$37,016.09
Ranked 6th. 73 times more than Nigeria |
|
| Income > GDP per capita, PPP > Constant 2005 international $ |
$2,335.35
Ranked 133th. |
$45,335.90
Ranked 7th. 19 times more than Nigeria |
|
| Scientific and technical journals > Articles published |
427.4
Ranked 54th. |
209,694.7
Ranked 2nd. 491 times more than Nigeria |
|
| Foreign direct investment > Net > BoP > Current US$ > Per capita |
14,243.23 BoP $
per 1,000 people
Ranked 85th. |
339,670.94 BoP $
per 1,000 people
Ranked 23th. 24 times more than Nigeria |
|
| Goods imports > BoP > Current US$ |
17.29 billion BoP $
Ranked 54th. |
1.68 trillion BoP $
Ranked 1st. 97 times more than Nigeria |
|
| Net income > BoP > Current US$ |
-6,731,856,000 BoP $
Ranked 123th. |
11.29 billion BoP $
Ranked 5th. |
|
| GDP per unit of energy use |
1.38 PPP 2000 $/kg of oil eq.
Ranked 118th. |
4.6 PPP 2000 $/kg of oil eq.
Ranked 63th. 3 times more than Nigeria |
|
| Oil > Consumption per thousand people |
1.75 bbl/day
Ranked 175th. |
61.91 bbl/day
Ranked 21st. 35 times more than Nigeria |
|
| Budget > Revenues > Per $ GDP |
$0.15
per $1 of GDP
Ranked 125th. |
$0.18
per $1 of GDP
Ranked 115th. 19% more than Nigeria |
|
| Natural gas > Production per capita |
149.37 cu m
Ranked 42nd. |
1,975.26 cu m
Ranked 10th. 13 times more than Nigeria |
|
| International tourism > Expenditures for travel items > Current US$ |
$3.62 billion
Ranked 40th. |
$85.37 billion
Ranked 3rd. 24 times more than Nigeria |
|
| Researchers in RandD > Per million people |
15.16 per million people
Ranked 8th. |
4,605.01 per million people
Ranked 4th. 304 times more than Nigeria |
|
| Government spending > Subsidies and other transfers > Current LCU |
936.07 billion
Ranked 18th. |
2.57 trillion
Ranked 14th. 3 times more than Nigeria |
|
| Government spending > Subsidies and other transfers > Current LCU per capita |
6,190.58
Ranked 59th. |
8,247.11
Ranked 44th. 33% more than Nigeria |
|
| Currency > DEC alternative conversion factor > LCU per US$ | 131.27 | 1 |
|
| Stocks traded > Total value > Current US$ |
3.56 billion$
Ranked 30th. |
21.51 trillion$
Ranked 1st. 6044 times more than Nigeria |
|
| GDP > Composition, by end use > Investment in fixed capital |
8.2%
Ranked 188th. |
14.8%
Ranked 162nd. 80% more than Nigeria |
|
| Trade > Exports > Goods and services |
52%
Ranked 38th. 5 times more than United States |
11%
Ranked 149th. |
|
| Trade > Imports > Goods and services > BoP > Current US$ > Per $ GDP |
0.249 BoP $
per $1 of GDP
Ranked 119th. 56% more than United States |
0.16 BoP $
per $1 of GDP
Ranked 127th. |
|
| Royalty and license fees > Payments > BoP > Current US$ |
45.26 million BoP $
Ranked 52nd. |
24.5 billion BoP $
Ranked 1st. 541 times more than Nigeria |
|
| Foreign direct investment > Net > BoP > Current US$ |
2.01 billion BoP $
Ranked 30th. |
100.68 billion BoP $
Ranked 1st. 50 times more than Nigeria |
|
| Stock of direct foreign investment > At home per capita |
$454.59
Ranked 89th. |
$8,444.99
Ranked 33th. 19 times more than Nigeria |
|
| Reserves > Total reserves minus gold > Current US$ |
$46.41 billion
Ranked 32nd. |
$139.13 billion
Ranked 14th. 3 times more than Nigeria |
|
| Spending > Household final consumption expenditure > Constant 2000 US$ per capita |
$522.34
Ranked 90th. |
$30,898.88
Ranked 3rd. 59 times more than Nigeria |
|
| Spending > Final consumption expenditure > Constant 2000 US$ |
$122.80 billion
Ranked 40th. |
$11.80 trillion
Ranked 1st. 96 times more than Nigeria |
|
| Savings > Gross domestic savings > Current US$ |
$107.07 billion
Ranked 29th. |
$2.55 trillion
Ranked 3rd. 24 times more than Nigeria |
|
| World Bank exchange rate |
148.9
Ranked 43th. 149 times more than United States |
1
Ranked 143th. |
|
| Trade > Exports > Goods |
30.28 billion
Ranked 47th. |
1.58 trillion
Ranked 2nd. 52 times more than Nigeria |
|
| Balance of payments > Current account > Balances > Net trade in goods > US$ |
$29.04 billion
Ranked 14th. |
$-503,578,047,000.00
Ranked 142nd. |
|
| Financial sector > Exchange rates and prices > GDP deflator > Base year varies by country |
222.11
Ranked 54th. 79% more than United States |
124.24
Ranked 136th. |
|
| Electricity > Production |
20.13 billion kWh
Ranked 33th. |
3.95 trillion kWh
Ranked 1st. 196 times more than Nigeria |
|
| Electricity > Imports per capita |
0.0
Ranked 132nd. |
111.87 kWh
Ranked 38th. |
|
| Stock of money |
$21.72 billion
Ranked 40th. |
$1.37 trillion
Ranked 3rd. 63 times more than Nigeria |
|
| GDP growth > Duration 1980-2000 |
-22%
Ranked 96th. |
56%
Ranked 25th. |
|
| Gross fixed capital formation > Current US$ per capita |
147.88$
Ranked 108th. |
7,474.93$
Ranked 11th. 51 times more than Nigeria |
|
| Gross national expenditure > Current US$ > Per $ GDP |
0.821$
per $1 of GDP
Ranked 130th. |
1.05$
per $1 of GDP
Ranked 76th. 28% more than Nigeria |
|
| Patent applications > Residents |
12
Ranked 51st. |
231,588
Ranked 2nd. 19299 times more than Nigeria |
|
| GNI > Atlas method > Current US$ > Per capita |
523.7$
per capita
Ranked 126th. |
43,564.23$
per capita
Ranked 5th. 83 times more than Nigeria |
|
| Income > GDP, PPP > Constant 2005 international $ per capita |
$2,335.35
Ranked 133th. |
$45,335.90
Ranked 7th. 19 times more than Nigeria |
|
| Income > GNI, PPP > Constant 2005 international $ |
$359.15 billion
Ranked 29th. |
$14.47 trillion
Ranked 1st. 40 times more than Nigeria |
|
| Income > GNI per capita, PPP > Constant 2005 international $ |
$2,127.26
Ranked 87th. |
$46,084.41
Ranked 3rd. 22 times more than Nigeria |
|
| International tourism > Receipts > Current US$ |
49 million$
Ranked 129th. |
122.94 billion$
Ranked 1st. 2509 times more than Nigeria |
|
| Terms of trade |
33
Ranked 101st. |
116
Ranked 15th. 4 times more than Nigeria |
|
| Oil > Production per thousand people |
15.39 bbl/day
Ranked 38th. |
31.32 bbl/day
Ranked 28th. 2 times more than Nigeria |
|
| Gross savings > Current US$ per capita |
211.78$
Ranked 78th. |
5,176.48$
Ranked 19th. 24 times more than Nigeria |
|
| Innovation > Patent applications, nonresidents per million |
2.57
Ranked 70th. |
821.06
Ranked 7th. 319 times more than Nigeria |
|
| Innovation > Patent applications, residents |
12
Ranked 58th. |
247,750
Ranked 3rd. 20646 times more than Nigeria |
|
| Trade > Exports > Export growth in USD |
238.08
Ranked 60th. 76% more than United States |
135.15
Ranked 119th. |
|
| Innovation > Scientific and technical journal articles |
461.8
Ranked 55th. |
208,600.8
Ranked 2nd. 452 times more than Nigeria |
|
| GDP > PPP > Current international $ per capita |
1,062.45 PPP $
Ranked 145th. |
42,016.29 PPP $
Ranked 2nd. 40 times more than Nigeria |
|
| Welfare > Revenue, excluding grants > Current LCU per capita |
15,785.82
Ranked 53th. 93% more than United States |
8,158.36
Ranked 69th. |
|
| Transnational corporations > Affiliates |
48
Ranked 95th. |
19,103
Ranked 7th. 398 times more than Nigeria |
|
| Oil > Imports per thousand people |
1.21 bbl/day
Ranked 148th. |
33.48 bbl/day
Ranked 37th. 28 times more than Nigeria |
|
| Oil > Imports |
187,700 bbl/day
Ranked 47th. |
10.27 million bbl/day
Ranked 1st. 55 times more than Nigeria |
|
| Imports > Partners | China 18.3%, US 10.1%, India 5.5% | China 19%, Canada 14.1%, Mexico 12%, Japan 6.4%, Germany 4.7% |
|
| Electricity > Production per capita |
133.13 kWh
Ranked 99th. |
12,885.81 kWh
Ranked 6th. 97 times more than Nigeria |
|
| Market value of publicly traded shares |
$39.27 billion
Ranked 51st. |
$15.64 trillion
Ranked 1st. 398 times more than Nigeria |
|
| GDP growth > Duration 1975-2000 |
-0.7%
Ranked 117th. |
2%
Ranked 44th. |
|
| Trade > Imports > By good > Passenger cars etc |
331,753
Ranked 52nd. |
116.2 million
Ranked 1st. 350 times more than Nigeria |
|
| Merchandise > Exports > Current US$ |
42.28 billion$
Ranked 42nd. |
904.38 billion$
Ranked 2nd. 21 times more than Nigeria |
|
| Trade > Exports > Goods and services > Constant 2000 US$ |
28.47 billion constant 2000 US$
Ranked 37th. |
1.12 trillion constant 2000 US$
Ranked 1st. 39 times more than Nigeria |
|
| Gross fixed capital formation > Current US$ |
20.64 billion$
Ranked 41st. |
2.19 trillion$
Ranked 1st. 106 times more than Nigeria |
|
| Household final > Consumption expenditure > Current US$ > Per capita |
257.22$
per capita
Ranked 125th. |
27,972.58$
per capita
Ranked 3rd. 109 times more than Nigeria |
|
| Household final > Consumption expenditure > Current US$ |
36.36 billion$
Ranked 46th. |
8.21 trillion$
Ranked 1st. 226 times more than Nigeria |
|
| Services > Etc. > Value added > Constant 2000 US$ |
12.63 billion constant 2000 US$
Ranked 54th. |
7.6 trillion constant 2000 US$
Ranked 1st. 602 times more than Nigeria |
|
| Research and development spending |
0.1%
Ranked 64th. |
2.5%
Ranked 7th. 25 times more than Nigeria |
|
| Tax > Time to prepare and pay taxes > Hours |
938
Ranked 4th. 5 times more than United States |
187
Ranked 112th. |
|
| Balance of payments > Capital and financial account > Net errors and omissions > Adjusted > BoP > Current US$ |
$-38,742,919,106.93
Ranked 142nd. |
$162.52 billion
Ranked 1st. |
|
| Financial sector > Monetary holdings > Liabilities > Money and quasi money > M2 > Current LCU |
8.93 trillion
Ranked 19th. |
12.42 trillion
Ranked 15th. 39% more than Nigeria |
|
| Balance of payments > Current account > Goods > Services and income > Exports of goods > Services > Income and wo |
$80.81 billion
Ranked 36th. |
$2.16 trillion
Ranked 2nd. 27 times more than Nigeria |
|
| Commercial service imports > Current US$ > Per capita |
51.79$
per capita
Ranked 118th. |
948.58$
per capita
Ranked 47th. 18 times more than Nigeria |
|
| Foreign direct investment > Net > BoP > Current US$ > Per $ GDP |
20.35 BoP $
per $1,000 of GDP
Ranked 68th. 3 times more than United States |
8.11 BoP $
per $1,000 of GDP
Ranked 88th. |
|
| Trade > Imports of goods > Services and income > BoP > Current US$ per capita |
229.58 BoP $
Ranked 121st. |
8,308.6 BoP $
Ranked 37th. 36 times more than Nigeria |
|
| Commercial service imports > Current US$ |
7.32 billion$
Ranked 47th. |
281.17 billion$
Ranked 1st. 38 times more than Nigeria |
|
| Royalty and license fees > Payments > BoP > Current US$ per capita |
0.324 BoP $
Ranked 95th. |
82.91 BoP $
Ranked 17th. 256 times more than Nigeria |
|
| Net income > BoP > Current US$ per million |
-48,227,338.392 BoP $
Ranked 64th. |
38.22 million BoP $
Ranked 22nd. |
|
| Natural gas > Proved reserves per capita |
32,230.38 cu m
Ranked 27th. 44% more than United States |
22,397.07 cu m
Ranked 30th. |
|
| Natural gas > Consumption |
7.22 billion cu m
Ranked 44th. |
683.3 billion cu m
Ranked 1st. 95 times more than Nigeria |
|
| Natural gas > Proved reserves |
5.29 trillion cu m
Ranked 7th. |
6.93 trillion cu m
Ranked 6th. 31% more than Nigeria |
|
| External debt > Date of information | 2006 est. | 30 June 2006 est. | |
| Tourism > International tourism, receipts for travel items > Current US$ per capita |
$3.79
Ranked 144th. |
$479.02
Ranked 62nd. 126 times more than Nigeria |
|
| Tourism > International tourism, expenditures > Current US$ |
$9.53 billion
Ranked 29th. |
$117.29 billion
Ranked 2nd. 12 times more than Nigeria |
|
| Companies > Ease of doing business index > 1=most business-friendly regulations per million |
0.817
Ranked 165th. 64 times more than United States |
0.0127
Ranked 188th. |
|
| International tourism > Receipts for travel items > Current US$ |
$221.00 million
Ranked 115th. |
$134.91 billion
Ranked 2nd. 610 times more than Nigeria |
|
| Tourism receipts > International > Per $ GDP |
$0.47 per $1,000 of GDP
Ranked 152nd. |
$9.90 per $1,000 of GDP
Ranked 131st. 21 times more than Nigeria |
|
| Trade > Tariffs > Binding coverage > All products |
19.26%
Ranked 76th. |
99.96%
Ranked 12th. 5 times more than Nigeria |
|
| GDP > PPP > Constant 2000 international $ > Per capita |
933.38 PPP 2000 $
per capita
Ranked 147th. |
37,267.35 PPP 2000 $
per capita
Ranked 2nd. 40 times more than Nigeria |
|
| GDP > PPP > Current international $ > Per capita |
1,049.15 PPP $
per capita
Ranked 147th. |
41,889.59 PPP $
per capita
Ranked 2nd. 40 times more than Nigeria |
|
| International tourism > Expenditures > Current US$ |
1.47 billion$
Ranked 45th. |
99.62 billion$
Ranked 1st. 68 times more than Nigeria |
|
| Tax > Tax payments > Number per million |
0.278
Ranked 164th. 8 times more than United States |
0.035
Ranked 185th. |
|
| Trade > Exports > Per $ GDP |
$0.50
per $1 of GDP
Ranked 36th. 7 times more than United States |
$0.08
per $1 of GDP
Ranked 152nd. |
|
| Purchasing power parity > GDP > PPP > Constant 2005 international $ |
$309.58 billion
Ranked 29th. |
$12.82 trillion
Ranked 2nd. 41 times more than Nigeria |
|
| Trade > Exports > Export growth |
107.89
Ranked 99th. |
115.12
Ranked 92nd. 7% more than Nigeria |
|
| Purchasing power parity > PPP conversion factor > Private > Consumption > LCU per international $ |
$101.55
Ranked 38th. 102 times more than United States |
$1.00
Ranked 124th. |
|
| Tourism expenditures > International |
$1.47 billion
Ranked 43th. |
$93.22 billion
Ranked 1st. 63 times more than Nigeria |
|
| Trade > Exports > By good > Perfume toilet cosmetics |
143
Ranked 88th. |
3.41 million
Ranked 3rd. 23823 times more than Nigeria |
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