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CompareEconomy.com Comparison of world economies

Compare the economies of the countries

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Economy power of Germany & Nigeria

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Germany vs Nigeria

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Germany Nigeria
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World Rank 4 14.98 World Rank 28 4.72
The most powerful country in Europe and the most populated one. The Germans have always been a great power, and their story started more than 2000 years ago. The name itself comes from the Latin Germania. However, it is important to notice that the German term, Deutschland, literally means the German lands and comes from the original “diutisciu land”. More about Germany The Federal Republic of Nigeria is one of the largest and most prosperous nations in Africa. It is located in West Africa and shares borders with Niger, Chad, Cameroon, and Benin. Being a federal republic, it is divided into 36 states. However, there is also the Federal Capital Territory, which is the capital of the nation Abuja. Interestingly, the largest city in the country and in the entire African continent is Lagos. More about Nigeria

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

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(United States of America (USA))

Germany Nigeria
Position in the ranking of countries 3 (2023) 40 (2023)
GDP [US$] 4,525,703,903,627 363,846,332,834
Percentage of the other 1243.9 % 8 %

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

Gross national income (GNI, Inflation)

Gross national income

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(United States of America (USA))

Germany Nigeria
Position in the ranking of countries 3 (2023) 41 (2023)
GNI [US$] 4,636,236,589,068 352,906,093,813
Percentage of the other 1313.7 % 7.6 %

Gross national income per capita

Inflation consumer prices (annual %)

International trade (Export, Import)

External balance on goods and services

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(China)

Germany Nigeria
Position in the ranking of countries 4 (2023) 53 (1960)
External balance [US$] 181,281,173,003 -322,411,051
Percentage of the other -56226.7 % -0.2 %

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

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(Eswatini)

Germany Nigeria
Position in the ranking of countries 4 (2023) 53 (1960)
Unemployment [%] 3.41 2.99
Percentage of the other 114 % 87.7 %

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)

Population (total, growth, density, demgraphy)

Total population

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(India)

Germany Nigeria
Position in the ranking of countries 19 (2023) 6 (2023)
Population 83,280,000 227,882,945
Percentage of the other 36.5 % 273.6 %

Population growth (annual %)

Density

Gender

Demography