There are a lot of rankings. Asking what rank is Nigeria in the world is like asking how many fish are in the ocean. However, there are some notable rankings Nigeria is known for and the rankings provide a clue about the country’s development.
Country rankings can influence national and international partnerships and investments. This ties in with the positive branding that manifests from rankings, but for countries with an advantageous rank, it will improve the willingness of others to partner with them or support their growth.
Rankings generate competition as they appeal to our notion of who’s on top, who’s below. The results of global rankings can stimulate national debate and focused analysis of key factors that may determine regional, or institutional successes in rankings.
- Nigeria has been ranked the 118th happiest country in the world, 2 spots lower than its position last year, indicating the country’s declining perception of key indicators
- In terms of population, Nigeria’s population is equivalent to 2.64% of the total world population. Nigeria ranks number 7 in the list of countries (and dependencies) by population.
- Nigeria is 143rd in the overall Prosperity Index rankings. Since 2011, Nigeria has remained in the same position. Nigeria performs most strongly in Personal Freedom and Social Capital but is weakest in Health.
- It is ranked as the 27th-largest economy in the world in terms of nominal GDP, and the 24th-largest in terms of purchasing power parity. Nigeria has the largest economy in Africa.
- Nigeria’s military is ranked fourth in Africa and thirty-fifth in the world with respect to strength. This is according to data from Global Firepower.