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Economy of Benin vs Burkina Faso compared: GDP & Debt

Updated on by Georank

Benin has a GDP of $24.6B compared to $27.6B for Burkina Faso, ranking 124/197 and 119/197 by economy size, respectively.

Benin has $14.1B in government debt (57.3% of GDP), compared to $14.4B (52% of GDP) in Burkina Faso.

Benin vs Burkina Faso GDP by year

Benin
Burkina Faso
1x
Year GDP, current $
Benin Burkina Faso
2025 $24,566,420,904 $27,627,297,461
2024 $21,482,643,706 $23,136,514,856
2023 $19,673,291,004 $20,106,062,972
2022 $17,425,405,091 $18,622,421,395
2021 $17,687,623,530 $19,697,516,284
2020 $15,686,741,884 $17,725,010,533
2019 $14,391,686,313 $16,032,813,503
2018 $14,262,408,090 $15,890,066,221
2017 $12,701,655,837 $14,106,955,615
2016 $11,821,065,853 $12,833,363,045
2015 $11,388,160,997 $11,832,159,316
2014 $13,284,527,847 $13,943,016,077
2013 $12,517,845,124 $13,444,300,486
2012 $11,141,358,116 $12,561,015,157
2011 $10,693,321,364 $12,080,295,978
2010 $9,535,345,016 $10,109,619,741
2009 $9,738,626,517 $9,450,696,873
2008 $9,787,734,526 $9,451,435,490
2007 $8,169,048,383 $7,625,722,837
2006 $7,034,111,315 $6,547,419,820
2005 $6,567,654,954 $6,146,353,173
2004 $6,190,270,380 $5,451,688,538
2003 $5,349,258,094 $4,740,768,143
2002 $4,194,342,686 $3,622,350,063
2001 $3,666,222,635 $3,190,371,081
2000 $3,519,991,440 $2,968,370,088
1999 $3,677,393,999 $3,389,566,713
1998 $2,455,092,686 $2,804,902,367
1997 $2,268,301,646 $2,447,669,102
1996 $2,361,116,449 $2,586,550,595
1995 $2,169,627,138 $2,379,517,975
1994 $1,598,075,944 $1,895,290,637
1993 $2,274,558,083 $3,199,536,465
1992 $1,695,315,306 $3,356,692,505
1991 $1,986,437,797 $3,135,045,584
1990 $1,959,965,330 $3,101,300,779
1989 $1,502,294,416 $2,615,587,734
1988 $1,620,246,084 $2,616,040,479
1987 $1,562,412,228 $2,369,834,950
1986 $1,336,102,025 $2,036,303,358
1985 $1,045,712,789 $1,552,493,196
1984 $1,051,134,009 $1,459,880,132
1983 $1,095,348,199 $1,600,278,605
1982 $1,267,778,670 $1,754,450,096
1981 $1,291,120,188 $1,775,842,334
1980 $1,405,251,847 $1,928,719,888
1979 $1,186,231,020 $1,748,480,621
1978 $928,843,469 $1,475,583,645
1977 $750,049,779 $1,131,224,878
1976 $698,408,262 $976,547,188
1975 $676,870,140 $939,972,703
1974 $554,654,861 $751,133,430
1973 $504,376,074 $674,773,570
1972 $410,331,857 $578,595,522
1971 $335,073,028 $482,411,179
1970 $333,627,713 $458,404,269
1969 $330,748,245 $478,298,645
1968 $326,323,105 $460,442,689
1967 $306,221,953 $450,753,924
1966 $302,925,235 $433,889,766
1965 $289,908,680 $422,916,790
1964 $269,819,006 $410,321,645
1963 $253,927,697 $394,040,667
1962 $236,434,954 $379,567,099
1961 $235,668,221 $350,247,234
1960 $226,195,578 $330,442,816

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/benin/burkina-faso | CC BY

GDP per capita in Benin vs Burkina Faso by year

Benin
GDP per capita

GDP per capita, PPP
Burkina Faso
GDP per capita

GDP per capita, PPP
1x
Year Current $
Benin Burkina Faso
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,658 - $1,148 -
2024 $1,485 $4,435 $982 $2,896
2023 $1,394 $4,130 $873 $2,759
2022 $1,266 $3,844 $827 $2,645
2021 $1,319 $3,464 $896 $2,486
2020 $1,200 $3,245 $825 $2,381
2019 $1,131 $3,149 $765 $2,232
2018 $1,152 $2,965 $777 $2,073
2017 $1,055 $2,886 $709 $2,042
2016 $1,011 $2,842 $664 $1,882
2015 $1,002 $2,725 $630 $1,692
2014 $1,204 $2,670 $765 $1,661
2013 $1,169 $2,512 $760 $1,643
2012 $1,072 $2,346 $731 $1,572
2011 $1,059 $2,265 $725 $1,531
2010 $973 $2,220 $625 $1,449
2009 $1,024 $2,213 $602 $1,360
2008 $1,061 $2,215 $619 $1,351
2007 $912 $2,136 $515 $1,290
2006 $809 $2,021 $456 $1,244
2005 $779 $1,946 $441 $1,172
2004 $759 $1,915 $404 $1,079
2003 $676 $1,842 $362 $1,038
2002 $546 $1,800 $285.7 $974
2001 $492 $1,746 $259.5 $948
2000 $487 $1,671 $248.9 $896
1999 $525 $1,592 $292.8 $886
1998 $362 $1,537 $249.5 $838
1997 $345 $1,508 $223.9 $794
1996 $369 $1,444 $242.7 $753
1995 $348 $1,395 $229.1 $684
1994 $262.1 $1,316 $187.2 $650
1993 $387 $1,311 $324 $644
1992 $302 $1,265 $349 $623
1991 $365 $1,239 $334 $623
1990 $371 $1,186 $339 $567
1989 $293.3 - $293.2 -
1988 $326 - $301 -
1987 $324 - $280.2 -
1986 $285.8 - $247.5 -
1985 $230.4 - $194.1 -
1984 $238.6 - $187.8 -
1983 $256 - $211.9 -
1982 $305 - $239 -
1981 $320 - $248.7 -
1980 $358 - $277.6 -
1979 $311 - $258.5 -
1978 $249.8 - $223.9 -
1977 $207 - $176 -
1976 $197.7 - $155.5 -
1975 $196.5 - $152.9 -
1974 $164.9 - $124.7 -
1973 $153.6 - $114.1 -
1972 $127.9 - $99.6 -
1971 $106.9 - $84.5 -
1970 $108.8 - $81.7 -
1969 $110.3 - $86.8 -
1968 $111.2 - $85 -
1967 $106.6 - $84.6 -
1966 $107.6 - $82.8 -
1965 $105.1 - $82.1 -
1964 $99.8 - $80.9 -
1963 $95.7 - $78.9 -
1962 $90.8 - $77.2 -
1961 $92.1 - $72.2 -
1960 $89.9 - $69.2 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/benin/burkina-faso | CC BY

Benin's GDP per capita is $1,658, ranking 162/197, compared to $1,148 in Burkina Faso, ranking 176/197. Adjusted for purchasing power (GDP per capita PPP), Benin ranks 162nd at $4,435, while Burkina Faso ranks 181st at $2,896.

Economic indicators

Benin Burkina Faso
Gross domestic product
$24.6B
2025
$27.6B
2025
GDP rank
124/197
2025
119/197
2025
GDP growth
8.07%
2024-2025
5.29%
2024-2025
GDP per capita
$1,658
2025
$1,148
2025
GDP per capita rank
162/197
2025
176/197
2025
GDP per capita, PPP
$4,435
2024
$2,896
2024
GDP per capita PPP rank
162/197
2024
181/197
2024
Government debt
$14.1B
2025
$14.4B
2025
Debt-to-GDP ratio
57.3%
2025
52%
2025
Government debt per person
$950
2025
$597
2025
Government debt per person rank
145/185
2025
163/185
2025
Average annual personal income after taxes
$1,056
2026
$1,632
2026
Income share by richest 10%
27.2%
2021
30.2%
2021
Income share by poorest 10%
3.1%
2021
3%
2021
Government expenditure, % of GDP
18.5%
2025
26.1%
2025
Consumer prices inflation
1.1%
2024-2025
-0.59%
2024-2025
Unemployment rate
1.69%
2022
7.09%
2025
Population
15358725
24880655

Spending and national debt comparison by year

Benin
Spending

Debt
Burkina Faso
Spending

Debt
1x
Year % of GDP
Benin Burkina Faso
Government spending Government debt Government spending Government debt
2025 18.5% 57.3% 26.1% 52%
2024 18.2% 60.5% 27.8% 57.2%
2023 19.3% 61.3% 29.4% 56.8%
2022 20% 59.7% 32.9% 59.2%
2021 20% 55.6% 27.8% 55.5%
2020 19.1% 46.1% 24.4% 43.6%
2019 14.3% 40.4% 23.3% 41.7%
2018 16.5% 40.8% 24.2% 38.1%
2017 17.7% 39.4% 26.3% 33.9%
2016 15.4% 35.9% 21.6% 32.9%
2015 18.2% 30.9% 20.4% 31.3%
2014 14.2% 22.3% 20.9% 26.1%
2013 14.9% 18.5% 25.3% 25.9%
2012 14.2% 19.5% 22.7% 25.2%
2011 14.7% 21.9% 20.4% 24.5%
2010 14.1% 21% 21.7% 23.7%
2009 17% 18.7% 21.5% 25.9%
2008 14.5% 18.3% 18.6% 24.9%
2007 15.8% 14.3% 22.8% 22.4%
2006 13% 8.37% 21.9% 20.1%
2005 14.1% 27% 20.2% 39.2%
2004 13.4% 21.5% 20.3% 40.7%
2003 13.7% 23.4% 17.6% 39.7%
2002 15.3% 30.8% 19.5% 43.3%
2001 15.4% 38% 19.7% 46.6%
2000 15.6% 39.6% 19.8% 47.5%
1999 10.7% 39.4% 21.4% 46.4%
1998 14.9% 53.6% 19.7% 47.7%
1997 17.3% 42.9% 20% 48.4%
1996 18.2% 43.4% 19.8% 45.8%
1995 20.2% 48.3% 19.4% 48.9%
1994 18.5% 64.6% 17.8% 55.1%
1993 16.4% 41.9% 17.9% 33.6%
1992 18.4% 41.8% 16.7% 29.6%
1991 17.2% 44% 17% 28.7%
1990 18.1% 45.3% 18.4% 25.6%
1989 17.1% 50.3% 14.2% 25.5%
1988 - - 16.2% 28.8%
1987 - - 19.2% 30.7%
1986 - - 16.3% 27.6%
1985 - - 11.5% 28.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1985–2001, retrieved 2026-07-08).

GeoRank.org/economy/benin/burkina-faso | CC BY

In 2025, Benin's government spending was $4.54B, accounting for 18.5% of its GDP, while Burkina Faso spent $7.21B, or 26.1% of GDP.

Debt-to-GDP ratio is 57.3% in Benin and 52% in Burkina Faso, ranking 83/185 and 100/185, respectively.

Government deficit by year

Deficit/surplus
Benin

Burkina Faso
1x
Year Deficit/surplus, % of GDP
Benin Burkina Faso
2025 -2.9% -3.54%
2024 -3.06% -5.84%
2023 -4.13% -6.91%
2022 -5.55% -10.9%
2021 -2.53% -7.45%
2020 -4.68% -5.16%
2019 -0.53% -3.39%
2018 -2.96% -4.43%
2017 -4.18% -6.92%
2016 -4.29% -3.08%
2015 -5.55% -2.09%
2014 -1.65% -1.74%
2013 -1.37% -3.55%
2012 -0.22% -2.76%
2011 -0.98% -2.04%
2010 -0.28% -4.06%
2009 -2.24% -4.16%
2008 -0.04% -3.63%
2007 0.22% -5.01%
2006 -0.15% 14.3%
2005 -1.52% -4.89%
2004 -0.7% -4.19%
2003 -1.07% -1.79%
2002 -3.33% -4.43%
2001 -3.27% -3.56%
2000 -3.69% -3.03%
1999 1.94% -3.29%
1998 2.5% -2.6%
1997 0.64% -2.64%
1996 -0.15% -1.67%
1995 -2.61% -2.65%
1994 -2.14% -1.89%
1993 -0.56% -3.81%
1992 -2.71% -2.51%
1991 -3.08% -2.77%
1990 -3.24% -7.54%
1989 0.89% 1.96%
1988 - -4.32%
1987 - -5.27%
1986 - -5.1%
1985 - -1.21%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-07-08).

GeoRank.org/economy/benin/burkina-faso | CC BY

In 2025, Benin's government deficit, the difference between spending and revenue, was $712M, equivalent to 2.9% of GDP. This compares to Burkina Faso's deficit of $978M, or 3.54% of GDP.

Over the past 37 years, Benin recorded a fiscal deficit in 32 of those years, while Burkina Faso ran a deficit in 35 years. On average, Benin posted an annual deficit equal to 1.87% of GDP, compared to deficit of 3.34% of GDP for Burkina Faso.

Inflation comparison by year

Inflation
Benin

Burkina Faso
1x
Year Consumer prices inflation
Benin Burkina Faso
2025 1.1% -0.59%
2024 1.2% 4.19%
2023 2.7% 0.74%
2022 1.4% 14.3%
2021 1.7% 3.65%
2020 3% 1.88%
2019 -0.9% -3.23%
2018 0.8% 1.96%
2017 1.8% 1.48%
2016 -0.8% 0.44%
2015 0.2% 0.72%
2014 -0.6% -0.26%
2013 0.4% 0.53%
2012 6.7% 3.82%
2011 2.7% 2.76%
2010 2.1% -0.76%
2009 0.9% 2.61%
2008 7.4% 10.7%
2007 1.3% -0.23%
2006 3.8% 2.33%
2005 5.4% 6.42%
2004 0.9% -0.4%
2003 1.5% 2.03%
2002 2.4% 2.18%
2001 4% 5.01%
2000 4.2% -0.3%
1999 0.3% -1.07%
1998 5.8% 5.08%
1997 3.8% 2.32%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/benin/burkina-faso | CC BY

Over the past 29 years, Benin has recorded an average annual inflation rate of 2.25%, compared with 2.35% in Burkina Faso. In 2025, inflation was 1.1% in Benin and -0.59% in Burkina Faso.

Top exports between countries

Benin
Export category Export value
Raw agricultural goods $11.6M
Processed food, beverages & tobacco $4.11M
Metals $1.35M
Machinery & equipment $1.06M
Chemicals & pharma $858K
Textiles & consumer goods $379K
Wood & paper products $191K
Animal & marine products $47K
Raw materials & minerals $26K
Miscellaneous $25K
Burkina Faso
Export category Export value
Machinery & equipment $1.37M
Metals $1.08M
Textiles & consumer goods $985K
Raw materials & minerals $621K
Raw agricultural goods $167K
Processed food, beverages & tobacco $122K
Chemicals & pharma $94K
Animal & marine products $7K

Balance of trade

Benin Burkina Faso
Current account balance
-$1.61B
2023
-$918M
2024
Current account balance ranking
132/190
2023
114/190
2024
Current account balance, % of GDP
-8.18%
2023
-3.97%
2024
Goods imports
$4.65B
2023
$5.82B
2024
Goods exports
$4.05B
2023
$6.12B
2024
Service imports
$1.54B
2023
$1.47B
2024
Service exports
$461M
2023
$630M
2024
Imports of goods and services, % of GDP
20.1%
2025
30%
2025
Exports of goods and services, % of GDP
17.1%
2025
35%
2025

Economic freedom indices

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

Benin Burkina Faso
Economic freedom 60 49.1
Economic freedom ranking 96/197 167/197
Property rights 46.4 17.6
Government integrity 44.1 40.2
Judicial effectiveness 47.7 26.1
Tax burden 69.4 80.8
Government spending 89.1 72.9
Fiscal health 65.4 13.4
Business freedom 53.3 37.8
Labor freedom 60.2 62.1
Monetary freedom 82.1 71.9
Trade freedom 62.6 61
Investment freedom 50 65
Financial freedom 50 40

Economic freedom comparison by year

Benin
Burkina Faso
1x
Year Economic freedom index
Benin Burkina Faso
2026 60 49.1
2025 58.5 51
2024 57.7 51.9
2023 59.8 56.2
2022 61 58.3
2021 59.6 56.5
2020 55.2 56.7
2019 55.3 59.4
2018 56.7 60
2017 59.2 59.6
2016 59.3 59.1
2015 58.8 58.6
2014 57.1 58.9
2013 57.6 59.9
2012 55.7 60.6
2011 56 60.6
2010 55.4 59.4
2009 55.4 59.5
2008 55.2 55.7
2007 55.1 55.1
2006 54 55.8
2005 52.3 56.6
2004 54.6 58
2003 54.9 58.9
2002 57.3 58.8
2001 60.1 56.7
2000 61.5 55.7
1999 60.6 55
1998 61.7 54.5
1997 61.3 54
1996 54.5 49.4

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/benin/burkina-faso | CC BY

The Economic Freedom Index for Benin is 60, ranking 96/197, compared to 49.1 for Burkina Faso, ranking 167/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Benin Burkina Faso
Services, % of GDP
50.1%
2025
41.5%
2025
Industry, % of GDP
17.5%
2025
30.1%
2025
Agriculture, forestry, and fishing, % of GDP
22.9%
2025
19.9%
2025
GNI, Atlas method
$23.7B
2025
$23.6B
2025
GNI per capita, PPP
$4,760
2025
$2,890
2025
Net foreign direct investment
-$430M
2023
$259M
2024
Net inflows of foreign direct investment
$543M
2024
-$202M
2024
Net outflows of foreign direct investment
$60.3M
2024
$57M
2024
Servicing debt to the IMF, % of GNI
5.38%
2024
4.06%
2024
Poverty at national poverty lines
36.2%
2021
43.2%
2021
Gross capital formation, % of GDP
35.8%
2025
17.2%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/benin/burkina-faso | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1985–2001, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.