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Economy of Benin vs Bosnia and Herzegovina compared: GDP & Debt

Updated on by Georank team

Benin has a GDP of $21.5B compared to $28.3B for Bosnia and Herzegovina, ranking 125/197 and 111/197 by economy size, respectively.

Benin has $11.6B in government debt (52.5% of GDP), compared to $9.28B (33.8% of GDP) in Bosnia and Herzegovina.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Benin
GDP, current $

GDP, constant 2015 $
Bosnia and Herzegovina
GDP, current $

GDP, constant 2015 $
Year GDP
Benin Bosnia
Current $ Constant $ Current $ Constant $
1960 $226,195,578 $1,651,120,631 - -
1961 $235,668,221 $1,702,986,961 - -
1962 $236,434,954 $1,644,635,648 - -
1963 $253,927,697 $1,722,427,375 - -
1964 $269,819,006 $1,836,981,870 - -
1965 $289,908,680 $1,934,229,171 - -
1966 $302,925,235 $2,003,394,551 - -
1967 $306,221,953 $2,024,999,131 - -
1968 $326,323,105 $2,102,806,394 - -
1969 $330,748,245 $2,163,314,606 - -
1970 $333,627,713 $2,208,695,702 - -
1971 $335,073,028 $2,175,635,021 - -
1972 $410,331,857 $2,315,449,324 - -
1973 $504,376,074 $2,401,263,703 - -
1974 $554,654,861 $2,481,449,394 - -
1975 $676,870,140 $2,359,973,874 - -
1976 $698,408,262 $2,380,844,453 - -
1977 $750,049,779 $2,499,497,734 - -
1978 $928,843,469 $2,530,868,381 - -
1979 $1,186,231,020 $2,696,279,546 - -
1980 $1,405,251,847 $2,879,134,858 - -
1981 $1,291,120,188 $3,165,730,597 - -
1982 $1,267,778,670 $3,236,486,776 - -
1983 $1,095,348,199 $3,095,770,068 - -
1984 $1,051,134,009 $3,341,259,668 - -
1985 $1,045,712,789 $3,592,867,375 - -
1986 $1,336,102,025 $3,670,873,613 - -
1987 $1,562,412,228 $3,615,810,400 - -
1988 $1,620,246,084 $3,738,937,614 - -
1989 $1,502,294,416 $3,632,222,333 - -
1990 $1,959,965,330 $3,958,255,490 $7,753,478,261 $3,519,825,382
1991 $1,986,437,797 $4,125,523,428 $6,122,959,184 $3,190,791,226
1992 $1,695,315,306 $4,247,544,481 $4,735,044,707 $2,985,402,939
1993 $2,274,558,083 $4,495,438,486 $3,630,668,950 $2,920,280,897
1994 $1,598,075,944 $4,586,264,346 $1,255,802,469 $3,245,365,559
1995 $2,169,627,138 $4,863,513,136 $1,866,572,954 $3,763,595,298
1996 $2,361,116,449 $5,073,825,258 $2,786,045,322 $5,803,437,611
1997 $2,268,301,646 $5,364,793,325 $3,671,909,673 $7,929,882,642
1998 $2,455,092,686 $5,577,293,440 $4,116,774,301 $9,247,541,639
1999 $3,677,393,999 $5,875,201,745 $4,686,256,363 $10,128,052,807
2000 $3,519,991,440 $6,219,354,273 $5,567,772,769 $10,676,417,585
2001 $3,666,222,635 $6,551,040,876 $5,800,615,466 $10,935,140,619
2002 $4,194,342,686 $6,855,207,726 $6,728,220,887 $11,484,898,712
2003 $5,349,258,094 $7,091,272,067 $8,498,894,359 $11,929,035,686
2004 $6,190,270,380 $7,405,393,051 $10,156,541,538 $12,683,578,945
2005 $6,567,654,954 $7,532,259,620 $11,222,796,337 $13,177,880,591
2006 $7,034,111,315 $7,829,312,268 $12,864,841,906 $13,891,331,517
2007 $8,169,048,383 $8,298,002,250 $15,778,734,264 $14,704,964,355
2008 $9,787,734,526 $8,704,320,326 $19,112,796,623 $15,505,477,768
2009 $9,738,626,517 $8,906,198,943 $17,613,949,091 $15,039,622,522
2010 $9,535,345,016 $9,094,481,754 $17,176,315,804 $15,169,815,911
2011 $10,693,321,364 $9,364,019,722 $18,644,233,537 $15,315,372,001
2012 $11,141,358,116 $9,814,543,622 $17,226,735,996 $15,189,504,687
2013 $12,517,845,124 $10,520,350,022 $18,179,108,531 $15,546,436,275
2014 $13,284,527,847 $11,189,200,116 $18,558,733,564 $15,725,819,000
2015 $11,388,160,997 $11,388,160,997 $16,404,348,871 $16,404,348,871
2016 $11,821,065,853 $11,768,488,383 $17,116,926,328 $16,936,219,728
2017 $12,701,655,837 $12,435,945,493 $18,326,373,366 $17,485,647,794
2018 $14,262,408,090 $13,268,812,303 $20,484,053,869 $18,154,910,825
2019 $14,391,686,313 $14,179,807,375 $20,482,608,755 $18,679,105,434
2020 $15,686,741,894 $14,725,558,723 $20,226,036,564 $18,115,912,632
2021 $17,687,623,535 $15,779,238,957 $23,672,712,242 $19,454,671,754
2022 $17,425,405,084 $16,765,906,415 $24,534,663,636 $20,276,983,961
2023 $19,673,290,996 $17,831,007,126 $27,592,361,388 $20,681,387,157
2024 $21,482,643,720 $19,159,972,711 $28,343,394,203 $21,194,295,296

Economic indicators

Benin Bosnia
Gross domestic product
$21.5B
2024
$28.3B
2024
GDP rank
125/197
2024
111/197
2024
GDP growth
9.2%
2023-2024
2.72%
2023-2024
GDP per capita
$1,485
2024
$8,957
2024
GDP per capita rank
162/197
2024
90/197
2024
GDP per capita, PPP
$4,435
2024
$21,971
2024
Government debt
$11.6B
2024
$9.28B
2024
Debt-to-GDP ratio
52.5%
2025
33.8%
2025
Government debt per person
$803
2024
$2,934
2024
Government debt per person rank
149/185
2024
102/185
2024
Average annual personal income after taxes
$1,059
2025
$8,350
2025
Income share by richest 10%
27.2%
2021
25.1%
2011
Income share by poorest 10%
3.1%
2021
2.9%
2011
Government expenditure, % of GDP
18.7%
2025
44.9%
2025
Consumer prices inflation
2.1%
2024-2025
4%
2024-2025
Unemployment rate
1.69%
2022
10.7%
2023
Population
15100397
3140094

GDP per capita in Benin vs Bosnia and Herzegovina

Benin's GDP per capita is $1,485, ranking 162/197, compared to $8,957 in Bosnia and Herzegovina, ranking 90/197. Adjusted for purchasing power (GDP per capita PPP), Benin ranks 162nd at $4,435, while Bosnia and Herzegovina ranks 88th at $21,971.

Benin
GDP per capita

GDP per capita, PPP
Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
Year Current $
Benin Bosnia
GDP per capita GDP per capita, PPP 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 $1,743 $1,043
1991 $365 $1,239 $1,373 $975
1992 $302 $1,265 $1,118 $982
1993 $387 $1,311 $930 $1,067
1994 $262.1 $1,316 $337 $1,269
1995 $348 $1,395 $502 $1,507
1996 $369 $1,444 $719 $2,268
1997 $345 $1,508 $914 $3,040
1998 $362 $1,537 $1,007 $3,523
1999 $525 $1,592 $1,135 $3,874
2000 $487 $1,671 $1,338 $4,147
2001 $492 $1,746 $1,388 $4,307
2002 $546 $1,800 $1,607 $4,665
2003 $676 $1,842 $2,034 $4,918
2004 $759 $1,915 $2,453 $5,408
2005 $779 $1,946 $2,740 $5,956
2006 $809 $2,021 $3,166 $6,871
2007 $912 $2,136 $3,931 $7,686
2008 $1,061 $2,215 $4,842 $8,587
2009 $1,024 $2,213 $4,540 $8,694
2010 $973 $2,220 $4,506 $9,087
2011 $1,059 $2,265 $4,983 $9,762
2012 $1,072 $2,346 $4,694 $10,121
2013 $1,169 $2,512 $5,035 $10,808
2014 $1,204 $2,670 $5,206 $11,168
2015 $1,002 $2,725 $4,662 $11,849
2016 $1,011 $2,842 $4,929 $12,899
2017 $1,055 $2,886 $5,345 $13,627
2018 $1,152 $2,965 $6,048 $14,858
2019 $1,131 $3,149 $6,122 $16,428
2020 $1,200 $3,245 $6,130 $16,370
2021 $1,319 $3,464 $7,295 $18,287
2022 $1,266 $3,844 $7,656 $21,117
2023 $1,394 $4,130 $8,663 $22,512
2024 $1,485 $4,435 $8,957 $21,971

Spending and national debt comparison

In 2024, Benin's government spending was $3.92B, accounting for 18.7% of its GDP, while Bosnia and Herzegovina's spent $12.2B, or 44.9% of GDP.

Debt-to-GDP ratio is 52.5% in Benin and 33.8% in Bosnia and Herzegovina, ranking 103/185 and 151/185, respectively.

Benin
Government spending

Government debt
Bosnia and Herzegovina
Government spending

Government debt
Year % of GDP
Benin Bosnia
Government spending Government debt Government spending Government debt
1989 17.1% 50.3% - -
1990 13.3% 45.3% - -
1991 12.6% 44% - -
1992 13.5% 41.8% - -
1993 12% 41.9% - -
1994 13.6% 64.6% - -
1995 14.8% 48.3% - -
1996 13.3% 43.4% - -
1997 12.7% 42.9% - -
1998 10.9% 39.2% 54.4% 54.4%
1999 10.7% 39.4% 57.5% 56%
2000 15.6% 39.6% 56.2% 34.6%
2001 15.4% 38% 50.2% 35.1%
2002 15.3% 30.8% 47.4% 31.1%
2003 13.7% 23.4% 47.3% 27.6%
2004 13.4% 21.5% 45.6% 25.5%
2005 14.1% 27% 44.5% 24.9%
2006 13% 8.37% 44.2% 20.6%
2007 15.8% 14.3% 45.2% 18.2%
2008 14.5% 18.3% 48.4% 30.3%
2009 17% 18.7% 49% 36.4%
2010 14.1% 21% 48.7% 42.2%
2011 14.7% 21.9% 46.4% 40.9%
2012 14.2% 19.5% 46.9% 43.6%
2013 14.9% 18.5% 44.5% 43.8%
2014 14.2% 22.3% 46.2% 47.1%
2015 18.2% 30.9% 42.7% 46.4%
2016 15.4% 35.9% 41.5% 44.9%
2017 17.8% 39.6% 40% 38.6%
2018 16.6% 41.1% 40.4% 34.9%
2019 14.6% 41.2% 39.9% 33.2%
2020 19.1% 46.1% 45.4% 37.1%
2021 19.9% 50.3% 40.6% 35.6%
2022 19.9% 54.2% 39.4% 31%
2023 19.2% 54.9% 41.6% 31.6%
2024 18.3% 54% 43% 32.8%
2025 18.7% 52.5% 44.9% 33.8%

Government deficit by year

In 2024, Benin's government deficit, the difference between spending and revenue, was -$666M, equivalent to -3.1% of GDP. This compares to Bosnia and Herzegovina's deficit of -$465M, or -1.64% of GDP.

Over the past 27 years, Benin recorded a fiscal deficit in 24 of those years, while Bosnia and Herzegovina ran a deficit in 19 years. On average, Benin posted an annual deficit equal to -2.12% of GDP, compared to deficit of -1.41% of GDP for Bosnia and Herzegovina.

Deficit/surplus
Benin

Bosnia and Herzegovina
Year Deficit/surplus, % of GDP
Benin Bosnia
1989 0.89% -
1990 -2.37% -
1991 -2.25% -
1992 -1.98% -
1993 -0.41% -
1994 -1.57% -
1995 -1.91% -
1996 -0.11% -
1997 0.47% -
1998 1.83% -0.98%
1999 1.94% -2.78%
2000 -3.69% -4.63%
2001 -3.27% -3.44%
2002 -3.33% -2.99%
2003 -1.07% -0.44%
2004 -0.7% -0.18%
2005 -1.52% 0.74%
2006 -0.15% 2.08%
2007 0.22% 0.17%
2008 -0.04% -3.82%
2009 -2.24% -5.34%
2010 -0.28% -4.06%
2011 -0.98% -2.73%
2012 -0.22% -2.68%
2013 -1.37% -1.28%
2014 -1.65% -2.87%
2015 -5.55% -0.19%
2016 -4.29% 0.34%
2017 -4.2% 1.79%
2018 -2.98% 1.63%
2019 -0.54% 1.37%
2020 -4.68% -4.5%
2021 -5.71% -0.18%
2022 -5.55% 0.15%
2023 -4.13% -1.67%
2024 -3.1% -1.64%
2025 -2.9% -2.19%

Inflation comparison by year

Over the past 30 years, Benin has recorded an average annual inflation rate of 2.37%, compared with 1.94% in Bosnia and Herzegovina. In 2025, inflation was 2.1% in Benin and 4% in Bosnia and Herzegovina.

Inflation
Benin

Bosnia and Herzegovina
Year Inflation
Benin Bosnia Benin Bosnia
1996 4.9% -11.7%
1997 3.8% 5.7%
1998 5.8% -0.3%
1999 0.3% 2.8%
2000 4.2% 5%
2001 4% 3.2%
2002 2.4% 0.3%
2003 1.5% 0.5%
2004 0.9% 0.3%
2005 5.4% 3.6%
2006 3.8% 6.1%
2007 1.3% 1.5%
2008 7.4% 7.4%
2009 0.9% -0.4%
2010 2.1% 2.1%
2011 2.7% 4%
2012 6.7% 2.1%
2013 0.4% -0.1%
2014 -0.6% -0.9%
2015 0.2% -1%
2016 -0.8% -1.6%
2017 1.8% 0.8%
2018 0.8% 1.4%
2019 -0.9% 0.6%
2020 3% -1.1%
2021 1.7% 2%
2022 1.4% 14%
2023 2.7% 6.1%
2024 1.2% 1.7%
2025 2.1% 4%

Top exports between countries

Benin
Export category Export value
Bosnia
Export category Export value
Machinery & equipment $19K
Animal & marine products $10K

Balance of trade

Benin Bosnia
Current account balance
-$1.61B
2023
-$1.03B
2024
Current account balance ranking
134/189
2023
122/189
2024
Current account balance, % of GDP
-8.18%
2023
-3.63%
2024
Goods imports
$4.65B
2023
$14.8B
2024
Goods exports
$4.05B
2023
$8.36B
2024
Service imports
$1.54B
2023
$1.27B
2024
Service exports
$461M
2023
$3.74B
2024
Imports of goods and services, % of GDP
21.8%
2024
57.2%
2024
Exports of goods and services, % of GDP
18.8%
2024
42.8%
2024

Economic freedom indices

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

Benin Bosnia
Economic freedom 58.5 63.5
Economic freedom ranking 105/197 77/197
Property rights 44.8 48.3
Government integrity 42.4 36.2
Judicial effectiveness 49.1 33.9
Tax burden 69.4 93.6
Government spending 88.4 51.2
Fiscal health 51.9 97.9
Business freedom 53.7 67.1
Labor freedom 58.7 66.2
Monetary freedom 80.3 72.5
Trade freedom 63 70
Investment freedom 50 65
Financial freedom 50 60

Economic freedom by year comparison

The Economic Freedom Index for Benin is 58.5, ranking 105/197, compared to 63.5 for Bosnia and Herzegovina, ranking 77/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Benin
Bosnia and Herzegovina
Year Economic freedom index
Benin Bosnia
1996 54.5 -
1997 61.3 -
1998 61.7 29.4
1999 60.6 29.4
2000 61.5 45.1
2001 60.1 36.6
2002 57.3 37.4
2003 54.9 40.6
2004 54.6 44.7
2005 52.3 48.8
2006 54 55.6
2007 55.1 54.4
2008 55.2 53.9
2009 55.4 53.1
2010 55.4 56.2
2011 56 57.5
2012 55.7 57.3
2013 57.6 57.3
2014 57.1 58.4
2015 58.8 59
2016 59.3 58.6
2017 59.2 60.2
2018 56.7 61.4
2019 55.3 61.9
2020 55.2 62.6
2021 59.6 62.9
2022 61 63.4
2023 59.8 62.9
2024 57.7 62
2025 58.5 63.5

More economic indicators

Benin Bosnia
Services, % of GDP
48.9%
2024
58%
2024
Industry, % of GDP
17.4%
2024
22%
2024
Agriculture, forestry, and fishing, % of GDP
24.2%
2024
4.25%
2024
GNI, Atlas method
$20.6B
2024
$27.3B
2024
GNI per capita, PPP
$4,390
2024
$21,900
2024
Total reserves including gold n/a
$9.42B
2024
Total reserves ranking n/a
79/177
2024
Net foreign direct investment
-$430M
2023
-$885M
2024
Net inflows of foreign direct investment
$543M
2024
$1B
2024
Net outflows of foreign direct investment
$60.3M
2024
$119M
2024
Servicing debt to the IMF, % of GNI
4.87%
2023
6.11%
2023
Poverty at national poverty lines
36.2%
2021
16.9%
2015
Gross capital formation, % of GDP
35.1%
2024
30.8%
2024

GDP per capita map

GDP per capita

Compare countries by 7 more topics

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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.