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Economy of Benin vs Burkina Faso compared: GDP & Debt

Updated on by Georank team

Benin has a GDP of $21.5B compared to $23.1B for Burkina Faso, ranking 126/197 and 122/197 by economy size, respectively.

Benin has $11.5B in government debt (53.4% of GDP), compared to $13.2B (57.2% of GDP) in Burkina Faso.

Benin vs Burkina Faso GDP by year

Benin
Burkina Faso
1x
Year GDP, current $
Benin Burkina Faso
2024 $21,482,643,706 $23,124,729,853
2023 $19,673,291,004 $20,112,614,449
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 (1960–2024, retrieved 2026-04-06).

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
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 (1960–2024, retrieved 2026-04-06).

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

Benin's GDP per capita is $1,485, ranking 162/197, compared to $982 in Burkina Faso, ranking 180/197. 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
$21.5B
2024
$23.1B
2024
GDP rank
126/197
2024
122/197
2024
GDP growth
7.45%
2023-2024
4.8%
2023-2024
GDP per capita
$1,485
2024
$982
2024
GDP per capita rank
162/197
2024
180/197
2024
GDP per capita, PPP
$4,435
2024
$2,896
2024
GDP per capita PPP rank
162/197
2024
181/197
2024
Government debt
$11.5B
2024
$13.2B
2024
Debt-to-GDP ratio
53.4%
2024
57.2%
2024
Government debt per person
$794
2024
$562
2024
Government debt per person rank
151/185
2024
162/185
2024
Average annual personal income after taxes
$1,091
2026
$2,710
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
18.1%
2024
27.8%
2024
Consumer prices inflation
1.2%
2023-2024
4.19%
2023-2024
Unemployment rate
1.69%
2022
3.44%
2024
Population
15272847
24756783

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
2024 18.1% 53.4% 27.8% 57.2%
2023 19.2% 54.9% 29.4% 56.8%
2022 19.9% 54.2% 32.9% 59.2%
2021 19.9% 50.3% 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 10.9% 39.2% 19.7% 47.7%
1997 12.7% 42.9% 20% 48.4%
1996 13.3% 43.4% 19.8% 45.8%
1995 14.8% 48.3% 19.4% 48.9%
1994 13.6% 64.6% 17.8% 55.1%
1993 12% 41.9% 17.9% 33.6%
1992 13.5% 41.8% 16.7% 29.6%
1991 12.6% 44% 17% 28.7%
1990 13.3% 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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–2001, retrieved 2026-02-20).

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

In 2024, Benin's government spending was $3.88B, accounting for 18.1% of its GDP, while Burkina Faso spent $6.43B, or 27.8% of GDP.

Debt-to-GDP ratio is 53.4% in Benin and 57.2% in Burkina Faso, ranking 99/185 and 89/185, respectively.

Government deficit by year

Deficit/surplus
Benin

Burkina Faso
1x
Year Deficit/surplus, % of GDP
Benin Burkina Faso
2024 -3.06% -5.84%
2023 -4.13% -6.91%
2022 -5.55% -10.9%
2021 -5.71% -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 1.83% -2.6%
1997 0.47% -2.64%
1996 -0.11% -1.67%
1995 -1.91% -2.65%
1994 -1.57% -1.89%
1993 -0.41% -3.81%
1992 -1.98% -2.51%
1991 -2.25% -2.77%
1990 -2.37% -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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

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

In 2024, Benin's government deficit, the difference between spending and revenue, was $658M, equivalent to 3.06% of GDP. This compares to Burkina Faso's deficit of $1.35B, or 5.84% of GDP.

Over the past 36 years, Benin recorded a fiscal deficit in 31 of those years, while Burkina Faso ran a deficit in 34 years. On average, Benin posted an annual deficit equal to 1.84% of GDP, compared to deficit of 3.33% of GDP for Burkina Faso.

Inflation comparison by year

Inflation
Benin

Burkina Faso
1x
Year Consumer prices inflation
Benin Burkina Faso
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 (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Benin has recorded an average annual inflation rate of 2.29%, compared with 2.46% in Burkina Faso. In 2024, inflation was 1.2% in Benin and 4.19% in Burkina Faso.

Top exports between countries

Benin
Export category Export value
Raw agricultural goods $11.4M
Metals $1.5M
Machinery & equipment $1.16M
Raw materials & minerals $848K
Processed food, beverages & tobacco $704K
Textiles & consumer goods $341K
Chemicals & pharma $309K
Wood & paper products $72K
Animal & marine products $47K
Miscellaneous $25K
Burkina Faso
Export category Export value
Machinery & equipment $3.04M
Textiles & consumer goods $969K
Metals $855K
Raw materials & minerals $415K
Raw agricultural goods $273K
Processed food, beverages & tobacco $122K
Chemicals & pharma $112K

Balance of trade

Benin Burkina Faso
Current account balance
-$1.61B
2023
-$1.02B
2023
Current account balance ranking
135/190
2023
122/190
2023
Current account balance, % of GDP
-8.18%
2023
-5.06%
2023
Goods imports
$4.65B
2023
$5.38B
2023
Goods exports
$4.05B
2023
$5.29B
2023
Service imports
$1.54B
2023
$1.45B
2023
Service exports
$461M
2023
$621M
2023
Imports of goods and services, % of GDP
21.8%
2024
31.9%
2024
Exports of goods and services, % of GDP
18.8%
2024
28.6%
2024

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 2026-03-09).

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
48.9%
2024
43.9%
2024
Industry, % of GDP
17.4%
2024
26.5%
2024
Agriculture, forestry, and fishing, % of GDP
24.2%
2024
20.9%
2024
GNI, Atlas method
$20.6B
2024
$20.1B
2024
GNI per capita, PPP
$4,390
2024
$2,720
2024
Net foreign direct investment
-$430M
2023
-$64.3M
2023
Net inflows of foreign direct investment
$543M
2024
$82.9M
2024
Net outflows of foreign direct investment
$60.3M
2024
$2.73M
2024
Servicing debt to the IMF, % of GNI
5.38%
2024
4.07%
2024
Poverty at national poverty lines
36.2%
2021
43.2%
2021
Gross capital formation, % of GDP
35.1%
2024
21.9%
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/benin/burkina-faso | 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. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1985–2001, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, 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.