Benin vs Cape Verde: Economic Indicators Comparison

Benin with a GDP of $10.4B ranked the 143rd largest economy in the world, while Cape Verde ranked 174th with $2B. By GDP 5-years average growth and GDP per capita, Benin and Cape Verde ranked 34th vs 94th and 173rd vs 125th, respectively.

Gross Domestic Product & Income

StatBeninCape Verde
GDP$10.4B$2B
GDP growth, 1 year6.5%4.7%
GDP growth, 5-years average5%3%
Population11.2M546k
GDP per capita$902$3.6k
GDP per capita growth3.98%3.87%
Purchasing Power Parity conversion factor206.5245.56
Price level ratio of PPP conversion factor GDP to market exchange rate0.370.49
GDP per capita, PPP adjusted$2.4k$7.3k
GNI, Atlas method$10B$1.9B
GNI per capita$870$3.4k
GNI, PPP adjusted$27.6B$4B
GNI per capita, PPP adjusted$2.4k$7.3k

Financial system and Human development

StatBeninCape Verde
Income Tax Rate45%50%
Corporate Tax Rate30%30%
Inflation, consumer prices1%2.2%
Inflation, GDP deflator0%1.5%
Unemployment2.1%12.3%
Economic Freedom Index55.263.6
Personal Freedom Index7.468.33
Human Freedom Index6.857.4
Property Rights Index41.347.5
Judical Effectiveness Index36.448
Business Freedom Index5858.5
Fiscal Health Index46.666.2
Labor Freedom Index53.755.6
Investment Freedom Index6080
Financial Freedom Index5060
Trade Freedom Index49.468.2
Monetary Freedom Index84.383.1
Government Spending Index84.271.7
Tax Burden Index6977.7
Government Integrity Index29.646.1
Corruption Perceptions Index4057
Life expectancy at birth, years61.272.6
Suicide mortality rate, per 100,000 people9.911.3
Mortality caused by road traffic injury, per 100,000 people27.525
Intentional homicides, per 100,000 people1.111.5
International tourism, number of arrivals295k710k

Government debt & reserves

StatBeninCape Verde
Central government debt, % of GDP54.6%127.7%
External debt stocks, % of GNI35.9%89.3%
External debt stocks$3.7B$1.7B
Short-term debt, % of total reservesN/A0.2%
Total debt service, % of exports and primary income7.8%5.6%
Adjusted net savings including particulate emission damage, % of GNI-3.4%11.7%
Gross savings, % of GDP12.3%34.7%
Gross capital formation, % of GDP25.8%40.4%
Total reserves including goldN/A$606.4M
Foreign direct investment net inflows$207.5M$108M

Exports, imports and economic structure

StatBeninCape Verde
Exports of goods and services, % of GDP35.4%48.8%
Imports of goods and services, % of GDP44.2%68.2%
Current account balance (balance of payments)-$927.3M-$94.5M
Revenue excluding grants, % of GDP12.9%28.8%
Grants excluding technical cooperation, BoP$328.1M$42.5M
Personal remittances received$198.7M$233.5M
Industry including construction value added, % of GDP21.5%19.2%
Agriculture, forestry and fishing value added, % of GDP22.6%5.3%
Charges for the use of intellectual property, payments BoP$18k$11.3M
Charges for the use of intellectual property, receipts BoP$877$47k
Expense, % of GDPN/A28.4%
Government Expenditure, % of GDP23%30.7%

Compare with countries close by GDP per capita

Benin vs

CountryGDP
per capita
Population
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M

Cape Verde vs

CountryGDP
per capita
Population
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M