Irrespective of Nigeria’s ranking in the world, Nigeria is far better than many countries. According to The International Monetary Fund (IMF), using the more reliable and now widely accepted yardstick said that Nigeria maintained its lead as the biggest economy in Africa in 2020. However, the latest IMF data ranks Nigeria as the 26th largest economy globally, with an average GDP of $442.976 billion.
In the long-term, the Nigeria GDP is projected to trend around 445.00 USD Billion in 2022 and 450.00 USD Billion in 2023, according to our econometric models. Nigeria has become the biggest economy on the African continent over the last 30 years.
Now, using the following measurement and indicator;
- Income Criterion
- Human Assets Index (HAI),
- Economic and Environmental Vulnerability Index
- Press Freedom Index
- Happiness Index
- Global Peace Index (GPI)
Nigeria better than these countries in a wide margin:
- Afghanistan
- Angola
- Bangladesh
- Benin Republic
- Bhutan
- Burkina Faso
- Burundi
- Cambodia
- Central African Republic
- Chad
- Comoros
- Democratic Republic of the Congo
- Djibouti
- Eritrea
- Ethiopia
- Gambia
- Guinea
- Guinea-Bissau
- Haiti
- Kiribati
- Lao People’s Democratic Republic
- Lesotho
- Liberia
- Madagascar
- Malawi
- Mali
- Mauritania
- Mozambique
- Myanmar
- Nepal
- Niger
- Rwanda
- Sao Tome and Principe
- Senegal
- Sierra Leone
- Solomon Islands
- Somalia
- South Sudan
- Sudan
- Timor-Leste
- Togo
- Tuvalu
- Uganda
- United Republic of Tanzania
- Yemen
- Zambia