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7 Key socio economic differences between Nigeria and South Africa

bazooka
Politics | International
On the African continent, it can be said that Nigeria and South Africa seem to be two of the closest countries with economic prowesses and strong points alternating between them all through Africa.



This post is simply meant to highlight some key economic and financial metrics of both countries in a comparistic approach using 10 global ranking indices.
1. Population (2017)
Nigeria - 190.9 Million
South Africa - 56.72 Million

2. GDP (2017)
Nigeria - 5,927
South Africa - 13,403

3. Unemployment Rate 2019 (percentage)
Nigeria - 23.1(percent)
South Africa - 26.6(percent)

4. GDP Per capita Income
Nigeria - $2,243 (nominal, 2019 est.) $6,129 (PPP, 2019 est.)
South Africa - $6,609 (nominal, 2019 est.) $14,041 (PPP, 2019 est.)

5.Annual Inflation Rate
Nigeria - 11.26(percent)
South Africa - 4.78(percent)

Ease of doing business
Nigeria - 146
South Africa - 82

6. Number of listed public companies(2018)
Nigeria - 169 listed companies
South Africa - 163 listed companies

7. Global Competitiveness Index 4.0
Nigeria - 115
South Africa - 67


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