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Economy of Antigua and Barbuda vs Benin compared: GDP & Debt

Updated on by Georank team

Antigua and Barbuda has a GDP of $2.21B compared to $21.5B for Benin, ranking 177/197 and 126/197 by economy size, respectively.

Antigua and Barbuda has $1.49B in government debt (67.6% of GDP), compared to $11.5B (53.4% of GDP) in Benin.

Antigua and Barbuda vs Benin GDP by year

Antigua and Barbuda
Benin
1x
Year GDP, current $
Antigua Benin
2024 $2,207,622,874 $21,482,643,706
2023 $2,005,785,185 $19,673,291,004
2022 $1,866,566,667 $17,425,405,091
2021 $1,602,125,926 $17,687,623,530
2020 $1,411,637,037 $15,686,741,884
2019 $1,726,448,148 $14,391,686,313
2018 $1,661,529,630 $14,262,408,090
2017 $1,534,855,556 $12,701,655,837
2016 $1,489,603,704 $11,821,065,853
2015 $1,437,485,185 $11,388,160,997
2014 $1,378,707,407 $13,284,527,847
2013 $1,325,496,296 $12,517,845,124
2012 $1,364,729,630 $11,141,358,116
2011 $1,287,359,259 $10,693,321,364
2010 $1,298,348,148 $9,535,345,016
2009 $1,386,518,519 $9,738,626,517
2008 $1,557,640,741 $9,787,734,526
2007 $1,487,381,481 $8,169,048,383
2006 $1,303,674,074 $7,034,111,315
2005 $1,143,896,296 $6,567,654,954
2004 $1,026,329,630 $6,190,270,380
2003 $948,100,000 $5,349,258,094
2002 $898,092,593 $4,194,342,686
2001 $877,774,074 $3,666,222,635
2000 $901,003,704 $3,519,991,440
1999 $835,544,444 $3,677,393,999
1998 $789,788,889 $2,455,092,686
1997 $734,422,222 $2,268,301,646
1996 $679,140,741 $2,361,116,449
1995 $616,051,852 $2,169,627,138
1994 $625,081,481 $1,598,075,944
1993 $565,662,963 $2,274,558,083
1992 $525,133,333 $1,695,315,306
1991 $504,337,037 $1,986,437,797
1990 $478,718,519 $1,959,965,330
1989 $455,174,074 $1,502,294,416
1988 $411,396,296 $1,620,246,084
1987 $346,866,667 $1,562,412,228
1986 $297,562,963 $1,336,102,025
1985 $246,370,370 $1,045,712,789
1984 $212,214,815 $1,051,134,009
1983 $184,866,667 $1,095,348,199
1982 $166,444,444 $1,267,778,670
1981 $149,388,889 $1,291,120,188
1980 $132,451,852 $1,405,251,847
1979 $109,596,296 $1,186,231,020
1978 $88,040,741 $928,843,469
1977 $77,507,407 $750,049,779
1976 - $698,408,262
1975 - $676,870,140
1974 - $554,654,861
1973 - $504,376,074
1972 - $410,331,857
1971 - $335,073,028
1970 - $333,627,713
1969 - $330,748,245
1968 - $326,323,105
1967 - $306,221,953
1966 - $302,925,235
1965 - $289,908,680
1964 - $269,819,006
1963 - $253,927,697
1962 - $236,434,954
1961 - $235,668,221
1960 - $226,195,578

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/antigua-and-barbuda/benin | CC BY

GDP per capita in Antigua and Barbuda vs Benin by year

Antigua and Barbuda
GDP per capita

GDP per capita, PPP
Benin
GDP per capita

GDP per capita, PPP
1x
Year Current $
Antigua Benin
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $23,542 $33,386 $1,485 $4,435
2023 $21,495 $31,602 $1,394 $4,130
2022 $20,105 $29,934 $1,266 $3,844
2021 $17,349 $25,745 $1,319 $3,464
2020 $15,370 $22,370 $1,200 $3,245
2019 $18,896 $26,551 $1,131 $3,149
2018 $18,273 $24,524 $1,152 $2,965
2017 $16,966 $21,422 $1,055 $2,886
2016 $16,557 $21,320 $1,011 $2,842
2015 $16,078 $20,985 $1,002 $2,725
2014 $15,532 $21,671 $1,204 $2,670
2013 $15,052 $21,761 $1,169 $2,512
2012 $15,640 $23,012 $1,072 $2,346
2011 $14,912 $23,804 $1,059 $2,265
2010 $15,217 $24,071 $973 $2,220
2009 $16,472 $26,157 $1,024 $2,213
2008 $18,787 $29,978 $1,061 $2,215
2007 $18,205 $29,851 $912 $2,136
2006 $16,174 $26,949 $809 $2,021
2005 $14,369 $23,485 $779 $1,946
2004 $13,038 $21,629 $759 $1,915
2003 $12,173 $20,127 $676 $1,842
2002 $11,659 $18,813 $546 $1,800
2001 $11,539 $18,569 $492 $1,746
2000 $12,027 $19,319 $487 $1,671
1999 $11,342 $18,088 $525 $1,592
1998 $10,907 $17,496 $362 $1,537
1997 $10,336 $16,836 $345 $1,508
1996 $9,756 $16,017 $369 $1,444
1995 $9,034 $15,062 $348 $1,395
1994 $9,351 $15,736 $262.1 $1,316
1993 $8,625 $14,720 $387 $1,311
1992 $8,154 $13,908 $302 $1,265
1991 $7,956 $13,658 $365 $1,239
1990 $7,591 $12,996 $371 $1,186
1989 $7,188 - $293.3 -
1988 $6,466 - $326 -
1987 $5,424 - $324 -
1986 $4,629 - $285.8 -
1985 $3,814 - $230.4 -
1984 $3,271 - $238.6 -
1983 $2,847 - $256 -
1982 $2,569 - $305 -
1981 $2,310 - $320 -
1980 $2,053 - $358 -
1979 $1,705 - $311 -
1978 $1,375 - $249.8 -
1977 $1,214 - $207 -
1976 - - $197.7 -
1975 - - $196.5 -
1974 - - $164.9 -
1973 - - $153.6 -
1972 - - $127.9 -
1971 - - $106.9 -
1970 - - $108.8 -
1969 - - $110.3 -
1968 - - $111.2 -
1967 - - $106.6 -
1966 - - $107.6 -
1965 - - $105.1 -
1964 - - $99.8 -
1963 - - $95.7 -
1962 - - $90.8 -
1961 - - $92.1 -
1960 - - $89.9 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/antigua-and-barbuda/benin | CC BY

Antigua and Barbuda's GDP per capita is $23,542, ranking 53/197, compared to $1,485 in Benin, ranking 162/197. Adjusted for purchasing power (GDP per capita PPP), Antigua and Barbuda ranks 66th at $33,386, while Benin ranks 162nd at $4,435.

Economic indicators

Antigua Benin
Gross domestic product
$2.21B
2024
$21.5B
2024
GDP rank
177/197
2024
126/197
2024
GDP growth
3.66%
2023-2024
7.45%
2023-2024
GDP per capita
$23,542
2024
$1,485
2024
GDP per capita rank
53/197
2024
162/197
2024
GDP per capita, PPP
$33,386
2024
$4,435
2024
GDP per capita PPP rank
66/197
2024
162/197
2024
Government debt
$1.49B
2024
$11.5B
2024
Debt-to-GDP ratio
67.6%
2024
53.4%
2024
Government debt per person
$15,910
2024
$794
2024
Government debt per person rank
39/185
2024
151/185
2024
Average annual personal income after taxes
$16,563
2026
$1,091
2026
Income share by richest 10% n/a
27.2%
2021
Income share by poorest 10% n/a
3.1%
2021
Government expenditure, % of GDP
19.8%
2024
18.1%
2024
Consumer prices inflation
6.2%
2023-2024
1.2%
2023-2024
Unemployment rate
5.37%
2023
1.69%
2022
Population
94757
15272847

Spending and national debt comparison by year

Antigua and Barbuda
Spending

Debt
Benin
Spending

Debt
1x
Year % of GDP
Antigua Benin
Government spending Government debt Government spending Government debt
2024 19.8% 67.6% 18.1% 53.4%
2023 18.8% 76.3% 19.2% 54.9%
2022 20.7% 82% 19.9% 54.2%
2021 23.4% 93% 19.9% 50.3%
2020 26% 100.5% 19.1% 46.1%
2019 22.1% 81.6% 14.3% 40.4%
2018 21.5% 84.3% 16.5% 40.8%
2017 22.6% 88.2% 17.7% 39.4%
2016 23.8% 83.1% 15.4% 35.9%
2015 24.8% 92.1% 18.2% 30.9%
2014 20.9% 91.9% 14.2% 22.3%
2013 20.7% 85.4% 14.9% 18.5%
2012 18.5% 76.9% 14.2% 19.5%
2011 21.1% 81.1% 14.7% 21.9%
2010 20% 79.4% 14.1% 21%
2009 32.1% 89.2% 17% 18.7%
2008 23.2% 66.8% 14.5% 18.3%
2007 23.8% 68.7% 15.8% 14.3%
2006 26% 79.1% 13% 8.37%
2005 21.5% 82.8% 14.1% 27%
2004 21.9% 107.7% 13.4% 21.5%
2003 24.2% 113% 13.7% 23.4%
2002 26.3% 114.5% 15.3% 30.8%
2001 24.2% 107.6% 15.4% 38%
2000 21.1% 96.4% 15.6% 39.6%
1999 20.3% 95.9% 10.7% 39.4%
1998 20.7% 94.6% 10.9% 39.2%
1997 16.8% 80.6% 12.7% 42.9%
1996 19.6% 85.5% 13.3% 43.4%
1995 21% 92.1% 14.8% 48.3%
1994 21.2% 84.5% 13.6% 64.6%
1993 19.4% 85.3% 12% 41.9%
1992 18.7% 90.8% 13.5% 41.8%
1991 20.8% 94.6% 12.6% 44%
1990 18.1% 94.1% 13.3% 45.3%
1989 - - 17.1% 50.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989–1997, retrieved 2026-02-20).

GeoRank.org/economy/antigua-and-barbuda/benin | CC BY

In 2024, Antigua and Barbuda's government spending was $437M, accounting for 19.8% of its GDP, while Benin spent $3.88B, or 18.1% of GDP.

Debt-to-GDP ratio is 67.6% in Antigua and Barbuda and 53.4% in Benin, ranking 63/185 and 99/185, respectively.

Government deficit by year

Deficit/surplus
Antigua and Barbuda

Benin
1x
Year Deficit/surplus, % of GDP
Antigua Benin
2024 1.61% -3.06%
2023 -1.7% -4.13%
2022 -2.84% -5.55%
2021 -4.52% -5.71%
2020 -6.23% -4.68%
2019 -3.64% -0.53%
2018 -2.43% -2.96%
2017 -2.72% -4.18%
2016 -0.14% -4.29%
2015 -2.42% -5.55%
2014 -2.6% -1.65%
2013 -3.83% -1.37%
2012 -0.97% -0.22%
2011 -3.09% -0.98%
2010 -0.24% -0.28%
2009 -15.8% -2.24%
2008 -4.72% -0.04%
2007 -4.98% 0.22%
2006 -6.62% -0.15%
2005 -4.29% -1.52%
2004 -3.9% -0.7%
2003 -7.32% -1.07%
2002 -8.83% -3.33%
2001 -8.58% -3.27%
2000 -4.5% -3.69%
1999 -3.08% 1.94%
1998 -1.62% 1.83%
1997 0% 0.47%
1996 -1.61% -0.11%
1995 -3.89% -1.91%
1994 -4.33% -1.57%
1993 -2.45% -0.41%
1992 -0.81% -1.98%
1991 -3.91% -2.25%
1990 0.12% -2.37%
1989 - 0.89%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989, retrieved 2026-02-20).

GeoRank.org/economy/antigua-and-barbuda/benin | CC BY

In 2024, Antigua and Barbuda's government surplus, the difference between spending and revenue, was $35.6M, equivalent to 1.61% of GDP. This compares to Benin's deficit of $658M, or 3.06% of GDP.

Over the past 35 years, Antigua and Barbuda recorded a fiscal deficit in 32 of those years, while Benin ran a deficit in 31 years. On average, Antigua and Barbuda posted an annual deficit equal to 3.63% of GDP, compared to deficit of 1.92% of GDP for Benin.

Inflation comparison by year

Inflation
Antigua and Barbuda

Benin
1x
Year Consumer prices inflation
Antigua Benin
2024 6.2% 1.2%
2023 5.1% 2.7%
2022 7.5% 1.4%
2021 1.6% 1.7%
2020 1.1% 3%
2019 1.4% -0.9%
2018 1.2% 0.8%
2017 2.4% 1.8%
2016 -0.5% -0.8%
2015 1% 0.2%
2014 1.1% -0.6%
2013 1.1% 0.4%
2012 3.4% 6.7%
2011 3.5% 2.7%
2010 3.4% 2.1%
2009 -0.6% 0.9%
2008 5.3% 7.4%
2007 1.4% 1.3%
2006 1.8% 3.8%
2005 2.1% 5.4%
2004 2% 0.9%
2003 2% 1.5%
2002 2.4% 2.4%
2001 1.9% 4%
2000 -0.2% 4.2%
1999 1.1% 0.3%
1998 3.3% 5.8%
1997 0.4% 3.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/antigua-and-barbuda/benin | CC BY

Over the past 28 years, Antigua and Barbuda has recorded an average annual inflation rate of 2.23%, compared with 2.29% in Benin. In 2024, inflation was 6.2% in Antigua and Barbuda and 1.2% in Benin.

Top exports between countries

Antigua
Export category Export value
Machinery & equipment $5K
Benin
Export category Export value
Machinery & equipment $24K

Balance of trade

Antigua Benin
Current account balance
-$181M
2024
-$1.61B
2023
Current account balance ranking
98/190
2024
135/190
2023
Current account balance, % of GDP
-8.22%
2024
-8.18%
2023
Goods imports
$726M
2024
$4.65B
2023
Goods exports
$72.1M
2024
$4.05B
2023
Service imports
$557M
2024
$1.54B
2023
Service exports
$1.24B
2024
$461M
2023
Imports of goods and services, % of GDP
63%
2022
21.8%
2024
Exports of goods and services, % of GDP
54.7%
2022
18.8%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Antigua Benin
Economic freedom 56 60
Economic freedom ranking 125/197 96/197
Property rights n/a 46.4
Government integrity n/a 44.1
Judicial effectiveness n/a 47.7
Tax burden n/a 69.4
Government spending n/a 89.1
Fiscal health n/a 65.4
Business freedom n/a 53.3
Labor freedom n/a 60.2
Monetary freedom n/a 82.1
Trade freedom n/a 62.6
Investment freedom n/a 50
Financial freedom n/a 50

Other economic metrics

Antigua Benin
Services, % of GDP
69.1%
2023
48.9%
2024
Industry, % of GDP
19%
2023
17.4%
2024
Agriculture, forestry, and fishing, % of GDP
1.94%
2023
24.2%
2024
GNI, Atlas method
$1.98B
2024
$20.6B
2024
GNI per capita, PPP
$31,730
2024
$4,390
2024
Total reserves including gold
$358M
2024
n/a
Total reserves ranking
164/177
2024
n/a
Net foreign direct investment
-$253M
2024
-$430M
2023
Net inflows of foreign direct investment
$246M
2024
$543M
2024
Net outflows of foreign direct investment
-$68.4K
2024
$60.3M
2024
Servicing debt to the IMF, % of GNI n/a
5.38%
2024
Poverty at national poverty lines n/a
36.2%
2021
Gross capital formation, % of GDP n/a
35.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/antigua-and-barbuda/benin | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1989–1997, retrieved 2026-02-20)
  6. TradeMap (2020–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.