Benin ranked 125/197 by economy size with a GDP of $21.5B and 162/197 by GDP per capita at $1,485. Benin has $11.6B in government debt, with a debt-to-GDP ratio of 52.5%.
In 2025, Benin made up 0.02% of the world's economy, compared to 0.02% in 1960.
The chart below shows GDP in nominal terms, GDP adjusted for inflation (in constant dollars), and a bar chart of year-over-year inflation-adjusted growth.
| Year | GDP | GDP growth | |
|---|---|---|---|
| Current $ | Constant $ | ||
| 1960 | $226,195,578 | $1,651,120,631 | - |
| 1961 | $235,668,221 | $1,702,986,961 | 4.19% |
| 1962 | $236,434,954 | $1,644,635,648 | 0.33% |
| 1963 | $253,927,697 | $1,722,427,375 | 7.4% |
| 1964 | $269,819,006 | $1,836,981,870 | 6.26% |
| 1965 | $289,908,680 | $1,934,229,171 | 7.45% |
| 1966 | $302,925,235 | $2,003,394,551 | 4.49% |
| 1967 | $306,221,953 | $2,024,999,131 | 1.09% |
| 1968 | $326,323,105 | $2,102,806,394 | 6.56% |
| 1969 | $330,748,245 | $2,163,314,606 | 1.36% |
| 1970 | $333,627,713 | $2,208,695,702 | 0.87% |
| 1971 | $335,073,028 | $2,175,635,021 | 0.43% |
| 1972 | $410,331,857 | $2,315,449,324 | 22.5% |
| 1973 | $504,376,074 | $2,401,263,703 | 22.9% |
| 1974 | $554,654,861 | $2,481,449,394 | 9.97% |
| 1975 | $676,870,140 | $2,359,973,874 | 22% |
| 1976 | $698,408,262 | $2,380,844,453 | 3.18% |
| 1977 | $750,049,779 | $2,499,497,734 | 7.39% |
| 1978 | $928,843,469 | $2,530,868,381 | 23.8% |
| 1979 | $1,186,231,020 | $2,696,279,546 | 27.7% |
| 1980 | $1,405,251,847 | $2,879,134,858 | 18.5% |
| 1981 | $1,291,120,188 | $3,165,730,597 | -8.12% |
| 1982 | $1,267,778,670 | $3,236,486,776 | -1.81% |
| 1983 | $1,095,348,199 | $3,095,770,068 | -13.6% |
| 1984 | $1,051,134,009 | $3,341,259,668 | -4.04% |
| 1985 | $1,045,712,789 | $3,592,867,375 | -0.52% |
| 1986 | $1,336,102,025 | $3,670,873,613 | 27.8% |
| 1987 | $1,562,412,228 | $3,615,810,400 | 16.9% |
| 1988 | $1,620,246,084 | $3,738,937,614 | 3.7% |
| 1989 | $1,502,294,416 | $3,632,222,333 | -7.28% |
| 1990 | $1,959,965,330 | $3,958,255,490 | 30.5% |
| 1991 | $1,986,437,797 | $4,125,523,428 | 1.35% |
| 1992 | $1,695,315,306 | $4,247,544,481 | -14.7% |
| 1993 | $2,274,558,083 | $4,495,438,486 | 34.2% |
| 1994 | $1,598,075,944 | $4,586,264,346 | -29.7% |
| 1995 | $2,169,627,138 | $4,863,513,136 | 35.8% |
| 1996 | $2,361,116,449 | $5,073,825,258 | 8.83% |
| 1997 | $2,268,301,646 | $5,364,793,325 | -3.93% |
| 1998 | $2,455,092,686 | $5,577,293,440 | 8.23% |
| 1999 | $3,677,393,999 | $5,875,201,745 | 49.8% |
| 2000 | $3,519,991,440 | $6,219,354,273 | -4.28% |
| 2001 | $3,666,222,635 | $6,551,040,876 | 4.15% |
| 2002 | $4,194,342,686 | $6,855,207,726 | 14.4% |
| 2003 | $5,349,258,094 | $7,091,272,067 | 27.5% |
| 2004 | $6,190,270,380 | $7,405,393,051 | 15.7% |
| 2005 | $6,567,654,954 | $7,532,259,620 | 6.1% |
| 2006 | $7,034,111,315 | $7,829,312,268 | 7.1% |
| 2007 | $8,169,048,383 | $8,298,002,250 | 16.1% |
| 2008 | $9,787,734,526 | $8,704,320,326 | 19.8% |
| 2009 | $9,738,626,517 | $8,906,198,943 | -0.5% |
| 2010 | $9,535,345,016 | $9,094,481,754 | -2.09% |
| 2011 | $10,693,321,364 | $9,364,019,722 | 12.1% |
| 2012 | $11,141,358,116 | $9,814,543,622 | 4.19% |
| 2013 | $12,517,845,124 | $10,520,350,022 | 12.4% |
| 2014 | $13,284,527,847 | $11,189,200,116 | 6.12% |
| 2015 | $11,388,160,997 | $11,388,160,997 | -14.3% |
| 2016 | $11,821,065,853 | $11,768,488,383 | 3.8% |
| 2017 | $12,701,655,837 | $12,435,945,493 | 7.45% |
| 2018 | $14,262,408,090 | $13,268,812,303 | 12.3% |
| 2019 | $14,391,686,313 | $14,179,807,375 | 0.91% |
| 2020 | $15,686,741,894 | $14,725,558,723 | 9% |
| 2021 | $17,687,623,535 | $15,779,238,957 | 12.8% |
| 2022 | $17,425,405,084 | $16,765,906,415 | -1.48% |
| 2023 | $19,673,290,996 | $17,831,007,126 | 12.9% |
| 2024 | $21,482,643,720 | $19,159,972,711 | 9.2% |
Economic Statistics of Benin
Benin
|
Rank | |
|---|---|---|
| Gross domestic product |
$21.5B
2024 |
125/197 |
| GDP growth |
9.2%
2023-2024 |
48/196 |
| GDP per capita |
$1,485
2024 |
162/197 |
| GDP per capita, PPP |
$4,435
2024 |
162/197 |
| Government debt |
$11.6B
2024 |
123/185 |
| Debt-to-GDP ratio |
52.5%
2025 |
103/185 |
| Government debt per person |
$803
2024 |
149/185 |
| Average annual personal income after taxes |
$1,059
2025 |
194/197 |
| Income share by richest 10% |
27.2%
2021 |
89/169 |
| Income share by poorest 10% |
3.1%
2021 |
49/169 |
| Government expenditure, % of GDP |
18.7%
2025 |
164/195 |
| Consumer prices inflation |
2.1%
2024-2025 |
137/195 |
| Unemployment rate |
1.69%
2022 |
178/196 |
| Population |
15100397
|
76/197 |
Benin's GDP per capita
Benin has a GDP per capita of $1,485, ranking 162/197, a GDP per capita based on purchasing power parity (PPP) of $4,435, ranking 162/197, and a median annual after tax income of $1,059, ranking 194/197.
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 1960 | $89.9 | - |
| 1961 | $92.1 | - |
| 1962 | $90.8 | - |
| 1963 | $95.7 | - |
| 1964 | $99.8 | - |
| 1965 | $105.1 | - |
| 1966 | $107.6 | - |
| 1967 | $106.6 | - |
| 1968 | $111.2 | - |
| 1969 | $110.3 | - |
| 1970 | $108.8 | - |
| 1971 | $106.9 | - |
| 1972 | $127.9 | - |
| 1973 | $153.6 | - |
| 1974 | $164.9 | - |
| 1975 | $196.5 | - |
| 1976 | $197.7 | - |
| 1977 | $207 | - |
| 1978 | $249.8 | - |
| 1979 | $311 | - |
| 1980 | $358 | - |
| 1981 | $320 | - |
| 1982 | $305 | - |
| 1983 | $256 | - |
| 1984 | $238.6 | - |
| 1985 | $230.4 | - |
| 1986 | $285.8 | - |
| 1987 | $324 | - |
| 1988 | $326 | - |
| 1989 | $293.3 | - |
| 1990 | $371 | $1,186 |
| 1991 | $365 | $1,239 |
| 1992 | $302 | $1,265 |
| 1993 | $387 | $1,311 |
| 1994 | $262.1 | $1,316 |
| 1995 | $348 | $1,395 |
| 1996 | $369 | $1,444 |
| 1997 | $345 | $1,508 |
| 1998 | $362 | $1,537 |
| 1999 | $525 | $1,592 |
| 2000 | $487 | $1,671 |
| 2001 | $492 | $1,746 |
| 2002 | $546 | $1,800 |
| 2003 | $676 | $1,842 |
| 2004 | $759 | $1,915 |
| 2005 | $779 | $1,946 |
| 2006 | $809 | $2,021 |
| 2007 | $912 | $2,136 |
| 2008 | $1,061 | $2,215 |
| 2009 | $1,024 | $2,213 |
| 2010 | $973 | $2,220 |
| 2011 | $1,059 | $2,265 |
| 2012 | $1,072 | $2,346 |
| 2013 | $1,169 | $2,512 |
| 2014 | $1,204 | $2,670 |
| 2015 | $1,002 | $2,725 |
| 2016 | $1,011 | $2,842 |
| 2017 | $1,055 | $2,886 |
| 2018 | $1,152 | $2,965 |
| 2019 | $1,131 | $3,149 |
| 2020 | $1,200 | $3,245 |
| 2021 | $1,319 | $3,464 |
| 2022 | $1,266 | $3,844 |
| 2023 | $1,394 | $4,130 |
| 2024 | $1,485 | $4,435 |
Benin's government spending, deficit, and chart
This chart shows Benin's government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 37 years, Benin recorded a fiscal deficit in 32 years — average annual deficit equal to -1.88% of GDP. In 2024, government spending reached $3.92B (18.7% of GDP), with a deficit of -2.9%.
The national debt reached $11.6B, ranking 123rd out of 185 countries by total size, with a debt-to-GDP ratio of 52.5%, ranking 103rd.
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 1989 | 17.1% | 50.3% | 0.89% |
| 1990 | 13.3% | 45.3% | -2.37% |
| 1991 | 12.6% | 44% | -2.25% |
| 1992 | 13.5% | 41.8% | -1.98% |
| 1993 | 12% | 41.9% | -0.41% |
| 1994 | 13.6% | 64.6% | -1.57% |
| 1995 | 14.8% | 48.3% | -1.91% |
| 1996 | 13.3% | 43.4% | -0.11% |
| 1997 | 12.7% | 42.9% | 0.47% |
| 1998 | 10.9% | 39.2% | 1.83% |
| 1999 | 10.7% | 39.4% | 1.94% |
| 2000 | 15.6% | 39.6% | -3.69% |
| 2001 | 15.4% | 38% | -3.27% |
| 2002 | 15.3% | 30.8% | -3.33% |
| 2003 | 13.7% | 23.4% | -1.07% |
| 2004 | 13.4% | 21.5% | -0.7% |
| 2005 | 14.1% | 27% | -1.52% |
| 2006 | 13% | 8.37% | -0.15% |
| 2007 | 15.8% | 14.3% | 0.22% |
| 2008 | 14.5% | 18.3% | -0.04% |
| 2009 | 17% | 18.7% | -2.24% |
| 2010 | 14.1% | 21% | -0.28% |
| 2011 | 14.7% | 21.9% | -0.98% |
| 2012 | 14.2% | 19.5% | -0.22% |
| 2013 | 14.9% | 18.5% | -1.37% |
| 2014 | 14.2% | 22.3% | -1.65% |
| 2015 | 18.2% | 30.9% | -5.55% |
| 2016 | 15.4% | 35.9% | -4.29% |
| 2017 | 17.8% | 39.6% | -4.2% |
| 2018 | 16.6% | 41.1% | -2.98% |
| 2019 | 14.6% | 41.2% | -0.54% |
| 2020 | 19.1% | 46.1% | -4.68% |
| 2021 | 19.9% | 50.3% | -5.71% |
| 2022 | 19.9% | 54.2% | -5.55% |
| 2023 | 19.2% | 54.9% | -4.13% |
| 2024 | 18.3% | 54% | -3.1% |
| 2025 | 18.7% | 52.5% | -2.9% |
Inflation rate by year
Over the past 20 years, Benin has had an average annual inflation rate of 1.9%. In 2025, inflation was 2.1%. The bar chart below shows consumer price inflation by year.
| Year | Inflation |
|---|---|
| 1980 | 9.6% |
| 1981 | 0.8% |
| 1982 | 4.1% |
| 1983 | -6.1% |
| 1984 | 10.3% |
| 1985 | 1.2% |
| 1986 | 0.4% |
| 1987 | -1.3% |
| 1988 | 3.4% |
| 1989 | -0.2% |
| 1990 | 1.1% |
| 1991 | 2.1% |
| 1992 | 5.9% |
| 1993 | 0.4% |
| 1994 | 38.5% |
| 1995 | 14.5% |
| 1996 | 4.9% |
| 1997 | 3.8% |
| 1998 | 5.8% |
| 1999 | 0.3% |
| 2000 | 4.2% |
| 2001 | 4% |
| 2002 | 2.4% |
| 2003 | 1.5% |
| 2004 | 0.9% |
| 2005 | 5.4% |
| 2006 | 3.8% |
| 2007 | 1.3% |
| 2008 | 7.4% |
| 2009 | 0.9% |
| 2010 | 2.1% |
| 2011 | 2.7% |
| 2012 | 6.7% |
| 2013 | 0.4% |
| 2014 | -0.6% |
| 2015 | 0.2% |
| 2016 | -0.8% |
| 2017 | 1.8% |
| 2018 | 0.8% |
| 2019 | -0.9% |
| 2020 | 3% |
| 2021 | 1.7% |
| 2022 | 1.4% |
| 2023 | 2.7% |
| 2024 | 1.2% |
| 2025 | 2.1% |
Balance of trade
|
Benin
|
Rank | |
|---|---|---|
Current account balance
|
-$1.61B
2023 |
134/189 |
| Current account balance, % of GDP |
-8.18%
2023 |
152/189 |
| Goods imports |
$4.65B
2023 |
136/188 |
| Goods exports |
$4.05B
2023 |
125/188 |
| Service imports |
$1.54B
2023 |
130/188 |
| Service exports |
$461M
2023 |
150/188 |
| Imports of goods and services, % of GDP |
21.8%
2024 |
160/180 |
| Exports of goods and services, % of GDP |
18.8%
2024 |
153/193 |
Benin's top 10 trading partners
Benin's biggest trading partner accounting for 15.4%% of all exports and imports is India, with a trade balance between the two of -$518M — Benin exports $86.8M worth of goods and services to India and imports $604M.
Below is the list of the top 10 trade partners of Benin.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
India
|
$691M | 15.4% | $86.8M | $604M | Raw agricultural goods | Raw agricultural goods |
| 2 |
Bangladesh
|
$481M | 10.7% | $481M | $49K | Textiles & consumer goods | Processed food, beverages & tobacco |
| 3 |
China
|
$476M | 10.6% | $46.4M | $429M | Raw agricultural goods | Machinery & equipment |
| 4 |
France
|
$347M | 7.75% | $11.7M | $335M | Processed food, beverages & tobacco | Chemicals & pharma |
| 5 |
United States
|
$237M | 5.3% | $59.9M | $177M | Processed food, beverages & tobacco | Raw materials & minerals |
| 6 |
Togo
|
$204M | 4.56% | $25.8M | $178M | Processed food, beverages & tobacco | Raw materials & minerals |
| 7 |
Russia
|
$163M | 3.64% | $4.63M | $158M | Raw agricultural goods | Raw materials & minerals |
| 8 |
Ivory Coast
|
$139M | 3.1% | $8.58M | $130M | Machinery & equipment | Chemicals & pharma |
| 9 |
Nigeria
|
$129M | 2.89% | $30.9M | $98.4M | Raw materials & minerals | Raw materials & minerals |
| 10 |
Belgium
|
$122M | 2.72% | $7.36M | $114M | Raw agricultural goods | Machinery & equipment |
Benin's top 10 exports
|
Benin
|
Rank | |
|---|---|---|
| Textiles & consumer goods | $533M | 81/193 |
| Transport & tourism services | $428M | 139/188 |
| Raw agricultural goods | $243M | 103/193 |
| Processed food, beverages & tobacco | $168M | 122/192 |
| Metals | $46.7M | 132/192 |
| Machinery & equipment | $42.2M | 142/193 |
| Raw materials & minerals | $40.4M | 157/193 |
| Government & miscellaneous services | $38.4M | 107/180 |
| Business & finance services | $32.6M | 146/188 |
| Wood & paper products | $16M | 132/192 |
Benin's top 10 imports
|
Benin
|
Rank | |
|---|---|---|
| Raw agricultural goods | $799M | 94/193 |
| Machinery & equipment | $677M | 151/193 |
| Transport & tourism services | $666M | 140/188 |
| Raw materials & minerals | $663M | 145/193 |
| Chemicals & pharma | $390M | 142/193 |
| Metals | $238M | 143/193 |
| Textiles & consumer goods | $185M | 151/193 |
| Animal & marine products | $176M | 118/193 |
| Processed food, beverages & tobacco | $159M | 162/193 |
| IT & IP services | $131M | 105/182 |
Economic freedom indices
|
Benin
|
Rank | |
|---|---|---|
| Economic freedom | 58.5 | 105/197 |
| Property rights | 44.8 | 108/182 |
| Government integrity | 42.4 | 108/182 |
| Judicial effectiveness | 49.1 | 108/182 |
| Tax burden | 69.4 | 150/181 |
| Government spending | 88.4 | 33/180 |
| Fiscal health | 51.9 | 120/181 |
| Business freedom | 53.7 | 128/182 |
| Labor freedom | 58.7 | 74/182 |
| Monetary freedom | 80.3 | 7/180 |
| Trade freedom | 63 | 139/181 |
| Investment freedom | 50 | 104/181 |
| Financial freedom | 50 | 70/181 |
Benin's economic freedom by year
Benin is ranked 93/180 for economic freedom with a score of 58.5, compared to 123/163 and a score of 52.3 in 2005.
| Year | Index | ||||
|---|---|---|---|---|---|
| Economic freedom | Judicial effectiveness | Tax burden | Government spending | Fiscal health | |
| 1996 | 54.5 | - | 72.1 | 90.5 | - |
| 1997 | 61.3 | - | 71.9 | 88.2 | - |
| 1998 | 61.7 | - | 71.8 | 85.3 | - |
| 1999 | 60.6 | - | 71.7 | 88.6 | - |
| 2000 | 61.5 | - | 71.5 | 97.6 | - |
| 2001 | 60.1 | - | 71.5 | 97 | - |
| 2002 | 57.3 | - | 71.4 | 90.3 | - |
| 2003 | 54.9 | - | 52.3 | 87.9 | - |
| 2004 | 54.6 | - | 52.4 | 87.6 | - |
| 2005 | 52.3 | - | 52.2 | 88.5 | - |
| 2006 | 54 | - | 67.3 | 86.6 | - |
| 2007 | 55.1 | - | 67.8 | 87 | - |
| 2008 | 55.2 | - | 67.5 | 86.4 | - |
| 2009 | 55.4 | - | 67.2 | 88.5 | - |
| 2010 | 55.4 | - | 75.9 | 85.2 | - |
| 2011 | 56 | - | 75.8 | 84.1 | - |
| 2012 | 55.7 | - | 76.2 | 79.9 | - |
| 2013 | 57.6 | - | 76.1 | 86.1 | - |
| 2014 | 57.1 | - | 68.3 | 86.1 | - |
| 2015 | 58.8 | - | 68.3 | 86.7 | - |
| 2016 | 59.3 | - | 68.1 | 84.9 | - |
| 2017 | 59.2 | 29.4 | 68.6 | 85.9 | 71.3 |
| 2018 | 56.7 | 31.3 | 67.4 | 85.6 | 49.7 |
| 2019 | 55.3 | 32.8 | 69.3 | 83.4 | 27.9 |
| 2020 | 55.2 | 36.4 | 69 | 84.2 | 46.6 |
| 2021 | 59.6 | 37 | 68.4 | 92 | 86.3 |
| 2022 | 61 | 55.3 | 68.4 | 91.6 | 83.4 |
| 2023 | 59.8 | 43.6 | 69.6 | 90.4 | 73.8 |
| 2024 | 57.7 | 48.5 | 69.6 | 88.5 | 48.9 |
| 2025 | 58.5 | 49.1 | 69.4 | 88.4 | 51.9 |
More economic indicators
|
Benin
|
Rank | |
|---|---|---|
| Services, % of GDP |
48.9%
2024 |
139/191 |
| Industry, % of GDP |
17.4%
2024 |
149/194 |
| Agriculture, forestry, and fishing, % of GDP |
24.2%
2024 |
23/193 |
|
GNI, Atlas method
|
$20.6B
2024 |
121/194 |
| GNI per capita, PPP |
$4,390
2024 |
158/191 |
|
Net foreign direct investment
|
-$430M
2023 |
96/188 |
|
Net inflows of foreign direct investment
|
$543M
2024 |
115/193 |
|
Net outflows of foreign direct investment
|
$60.3M
2024 |
96/187 |
|
Servicing debt to the IMF, % of GNI
|
4.87%
2023 |
46/119 |
| Poverty at national poverty lines |
36.2%
2021 |
48/176 |
|
Gross capital formation, % of GDP
|
35.1%
2024 |
15/176 |
Compare countries by 7 more topics
GDP per capita map
GDP per capita
Relevant pages:
Benin topic pages:
Economy comparisons
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.