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Economy of Benin vs Croatia compared: GDP & Debt

Updated on by Georank team

Benin has a GDP of $21.5B compared to $93B for Croatia, ranking 126/197 and 75/197 by economy size, respectively.

Benin has $11.5B in government debt (53.4% of GDP), compared to $53.5B (57.6% of GDP) in Croatia.

Benin vs Croatia GDP by year

Benin
Croatia
1x
Year GDP, current $
Benin Croatia
2024 $21,482,643,706 $92,983,810,329
2023 $19,673,291,004 $85,624,153,964
2022 $17,425,405,091 $71,196,498,671
2021 $17,687,623,530 $69,002,365,163
2020 $15,686,741,884 $57,959,843,541
2019 $14,391,686,313 $61,466,721,186
2018 $14,262,408,090 $61,667,925,219
2017 $12,701,655,837 $56,182,782,586
2016 $11,821,065,853 $52,650,714,172
2015 $11,388,160,997 $50,998,893,385
2014 $13,284,527,847 $59,606,934,501
2013 $12,517,845,124 $59,846,265,182
2012 $11,141,358,116 $57,548,115,904
2011 $10,693,321,364 $62,889,007,657
2010 $9,535,345,016 $58,975,205,417
2009 $9,738,626,517 $62,315,996,675
2008 $9,787,734,526 $68,472,854,617
2007 $8,169,048,383 $59,290,621,398
2006 $7,034,111,315 $49,583,544,860
2005 $6,567,654,954 $45,013,119,282
2004 $6,190,270,380 $41,836,292,157
2003 $5,349,258,094 $35,245,317,002
2002 $4,194,342,686 $26,757,722,429
2001 $3,666,222,635 $23,066,883,850
2000 $3,519,991,440 $22,134,411,297
1999 $3,677,393,999 $23,777,026,779
1998 $2,455,092,686 $25,890,228,430
1997 $2,268,301,646 $24,175,764,812
1996 $2,361,116,449 $24,150,978,347
1995 $2,169,627,138 $22,772,394,547
1994 $1,598,075,944 $15,062,911,617
1993 $2,274,558,083 $11,259,647,874
1992 $1,695,315,306 $10,621,169,291
1991 $1,986,437,797 $18,760,386,775
1990 $1,959,965,330 $25,650,213,280
1989 $1,502,294,416 -
1988 $1,620,246,084 -
1987 $1,562,412,228 -
1986 $1,336,102,025 -
1985 $1,045,712,789 -
1984 $1,051,134,009 -
1983 $1,095,348,199 -
1982 $1,267,778,670 -
1981 $1,291,120,188 -
1980 $1,405,251,847 -
1979 $1,186,231,020 -
1978 $928,843,469 -
1977 $750,049,779 -
1976 $698,408,262 -
1975 $676,870,140 -
1974 $554,654,861 -
1973 $504,376,074 -
1972 $410,331,857 -
1971 $335,073,028 -
1970 $333,627,713 -
1969 $330,748,245 -
1968 $326,323,105 -
1967 $306,221,953 -
1966 $302,925,235 -
1965 $289,908,680 -
1964 $269,819,006 -
1963 $253,927,697 -
1962 $236,434,954 -
1961 $235,668,221 -
1960 $226,195,578 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/benin/croatia | CC BY

GDP per capita in Benin vs Croatia by year

Benin
GDP per capita

GDP per capita, PPP
Croatia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Benin Croatia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,485 $4,435 $24,050 $49,551
2023 $1,394 $4,130 $22,184 $47,760
2022 $1,266 $3,844 $18,466 $42,125
2021 $1,319 $3,464 $17,789 $36,930
2020 $1,200 $3,245 $14,808 $31,594
2019 $1,131 $3,149 $15,564 $33,064
2018 $1,152 $2,965 $15,460 $29,789
2017 $1,055 $2,886 $13,902 $27,888
2016 $1,011 $2,842 $12,820 $25,803
2015 $1,002 $2,725 $12,284 $23,750
2014 $1,204 $2,670 $14,187 $22,706
2013 $1,169 $2,512 $14,135 $22,430
2012 $1,072 $2,346 $13,508 $21,619
2011 $1,059 $2,265 $14,692 $21,191
2010 $973 $2,220 $13,730 $20,139
2009 $1,024 $2,213 $14,475 $20,358
2008 $1,061 $2,215 $15,888 $21,018
2007 $912 $2,136 $13,756 $19,568
2006 $809 $2,021 $11,501 $17,629
2005 $779 $1,946 $10,444 $15,451
2004 $759 $1,915 $9,719 $14,686
2003 $676 $1,842 $8,190 $13,692
2002 $546 $1,800 $6,220 $12,775
2001 $492 $1,746 $5,365 $11,653
2000 $487 $1,671 $4,954 $10,675
1999 $525 $1,592 $5,269 $9,943
1998 $362 $1,537 $5,713 $9,890
1997 $345 $1,508 $5,331 $9,536
1996 $369 $1,444 $5,300 $8,806
1995 $348 $1,395 $4,929 $8,052
1994 $262.1 $1,316 $3,238 $7,337
1993 $387 $1,311 $2,448 $6,861
1992 $302 $1,265 $2,321 $7,326
1991 $365 $1,239 $4,001 $7,918
1990 $371 $1,186 $5,369 $9,526
1989 $293.3 - - -
1988 $326 - - -
1987 $324 - - -
1986 $285.8 - - -
1985 $230.4 - - -
1984 $238.6 - - -
1983 $256 - - -
1982 $305 - - -
1981 $320 - - -
1980 $358 - - -
1979 $311 - - -
1978 $249.8 - - -
1977 $207 - - -
1976 $197.7 - - -
1975 $196.5 - - -
1974 $164.9 - - -
1973 $153.6 - - -
1972 $127.9 - - -
1971 $106.9 - - -
1970 $108.8 - - -
1969 $110.3 - - -
1968 $111.2 - - -
1967 $106.6 - - -
1966 $107.6 - - -
1965 $105.1 - - -
1964 $99.8 - - -
1963 $95.7 - - -
1962 $90.8 - - -
1961 $92.1 - - -
1960 $89.9 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/benin/croatia | CC BY

Benin's GDP per capita is $1,485, ranking 162/197, compared to $24,050 in Croatia, ranking 50/197. Adjusted for purchasing power (GDP per capita PPP), Benin ranks 162nd at $4,435, while Croatia ranks 46th at $49,551.

Economic indicators

Benin Croatia
Gross domestic product
$21.5B
2024
$93B
2024
GDP rank
126/197
2024
75/197
2024
GDP growth
7.45%
2023-2024
3.83%
2023-2024
GDP per capita
$1,485
2024
$24,050
2024
GDP per capita rank
162/197
2024
50/197
2024
GDP per capita, PPP
$4,435
2024
$49,551
2024
GDP per capita PPP rank
162/197
2024
46/197
2024
Government debt
$11.5B
2024
$53.5B
2024
Debt-to-GDP ratio
53.4%
2024
57.6%
2024
Government debt per person
$794
2024
$13,844
2024
Government debt per person rank
151/185
2024
42/185
2024
Average annual personal income after taxes
$1,091
2026
$20,856
2026
Market capitalization of domestic companies n/a
$27.8B
2024
Number of billionaires n/a
1
2025
Income share by richest 10%
27.2%
2021
23.3%
2023
Income share by poorest 10%
3.1%
2021
2.9%
2023
Government expenditure, % of GDP
18.1%
2024
48%
2024
Consumer prices inflation
1.2%
2023-2024
2.97%
2023-2024
Unemployment rate
1.69%
2022
5.03%
2024
Population
15272847
3812193

Spending and national debt comparison by year

Benin
Spending

Debt
Croatia
Spending

Debt
1x
Year % of GDP
Benin Croatia
Government spending Government debt Government spending Government debt
2024 18.1% 53.4% 48% 57.6%
2023 19.2% 54.9% 46.8% 61.8%
2022 19.9% 54.2% 45% 68.5%
2021 19.9% 50.3% 48.1% 78.2%
2020 19.1% 46.1% 53.7% 86.5%
2019 14.3% 40.4% 44.3% 70.9%
2018 16.5% 40.8% 44.9% 72.8%
2017 17.7% 39.4% 44.1% 76.2%
2016 15.4% 35.9% 45.9% 79.3%
2015 18.2% 30.9% 47.5% 82.8%
2014 14.2% 22.3% 48.7% 83.2%
2013 14.9% 18.5% 47.9% 79.5%
2012 14.2% 19.5% 47.3% 68.9%
2011 14.7% 21.9% 48.6% 63.1%
2010 14.1% 21% 48.1% 56.8%
2009 17% 18.7% 49.2% 47.9%
2008 14.5% 18.3% 46.3% 38.9%
2007 15.8% 14.3% 46.3% 37.1%
2006 13% 8.37% 44.6% 38.4%
2005 14.1% 27% 46.5% 40.9%
2004 13.4% 21.5% 49% 40%
2003 13.7% 23.4% 49.6% 37.8%
2002 15.3% 30.8% 49.2% 36.5%
2001 15.4% 38% 50.6% 36.6%
2000 15.6% 39.6% 54.6% 35.4%
1999 10.7% 39.4% 58.9% 30%
1998 10.9% 39.2% 56.8% 23.3%
1997 12.7% 42.9% 51.7% 22.5%
1996 13.3% 43.4% 52.1% -
1995 14.8% 48.3% 50.3% -
1994 13.6% 64.6% 45.4% -
1993 12% 41.9% 36% -
1992 13.5% 41.8% 37.1% -
1991 12.6% 44% - -
1990 13.3% 45.3% - -
1989 17.1% 50.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989–1997, retrieved 2026-02-20).

GeoRank.org/economy/benin/croatia | CC BY

In 2024, Benin's government spending was $3.88B, accounting for 18.1% of its GDP, while Croatia spent $44.6B, or 48% of GDP.

Debt-to-GDP ratio is 53.4% in Benin and 57.6% in Croatia, ranking 99/185 and 86/185, respectively.

Government deficit by year

Deficit/surplus
Benin

Croatia
1x
Year Deficit/surplus, % of GDP
Benin Croatia
2024 -3.06% -1.95%
2023 -4.13% -0.79%
2022 -5.55% 0.12%
2021 -5.71% -2.58%
2020 -4.68% -7.23%
2019 -0.53% 2.31%
2018 -2.96% 0.23%
2017 -4.18% 0.8%
2016 -4.29% -1.04%
2015 -5.55% -3.53%
2014 -1.65% -5.19%
2013 -1.37% -5.52%
2012 -0.22% -5.46%
2011 -0.98% -7.53%
2010 -0.28% -6.46%
2009 -2.24% -7.15%
2008 -0.04% -2.34%
2007 0.22% -2.28%
2006 -0.15% -2.01%
2005 -1.52% -3.24%
2004 -0.7% -6.09%
2003 -1.07% -5.03%
2002 -3.33% -4.9%
2001 -3.27% -4.79%
2000 -3.69% -9.2%
1999 1.94% -11.1%
1998 1.83% -6.36%
1997 0.47% -4.93%
1996 -0.11% -4.41%
1995 -1.91% -4.23%
1994 -1.57% -0.82%
1993 -0.41% -2.67%
1992 -1.98% -5.69%
1991 -2.25% -
1990 -2.37% -
1989 0.89% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989, retrieved 2026-02-20).

GeoRank.org/economy/benin/croatia | 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 Croatia's deficit of $1.82B, or 1.95% of GDP.

Over the past 33 years, Benin recorded a fiscal deficit in 29 of those years, while Croatia ran a deficit in 29 years. On average, Benin posted an annual deficit equal to 1.9% of GDP, compared to deficit of 3.97% of GDP for Croatia.

Inflation comparison by year

Inflation
Benin

Croatia
1x
Year Consumer prices inflation
Benin Croatia
2024 1.2% 2.97%
2023 2.7% 7.94%
2022 1.4% 10.8%
2021 1.7% 2.55%
2020 3% 0.15%
2019 -0.9% 0.77%
2018 0.8% 1.5%
2017 1.8% 1.13%
2016 -0.8% -1.12%
2015 0.2% -0.46%
2014 -0.6% -0.22%
2013 0.4% 2.22%
2012 6.7% 3.41%
2011 2.7% 2.27%
2010 2.1% 1.03%
2009 0.9% 2.38%
2008 7.4% 6.08%
2007 1.3% 2.9%
2006 3.8% 3.19%
2005 5.4% 3.32%
2004 0.9% 2.06%
2003 1.5% 1.77%
2002 2.4% 1.67%
2001 4% 3.78%
2000 4.2% 4.61%
1999 0.3% 4.02%
1998 5.8% 6.4%
1997 3.8% 4.17%

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/croatia | CC BY

Over the past 28 years, Benin has recorded an average annual inflation rate of 2.29%, compared with 2.9% in Croatia. In 2024, inflation was 1.2% in Benin and 2.97% in Croatia.

Top exports between countries

Benin
Export category Export value
Raw agricultural goods $78K
Textiles & consumer goods $2K
Croatia
Export category Export value
Wood & paper products $707K
Textiles & consumer goods $62K
Weapons & explosives $26K
Chemicals & pharma $19K
Machinery & equipment $14K
Miscellaneous $12K
Metals $2K
Raw materials & minerals $2K

Balance of trade

Benin Croatia
Current account balance
-$1.61B
2023
-$1.05B
2024
Current account balance ranking
135/190
2023
125/190
2024
Current account balance, % of GDP
-8.18%
2023
-1.13%
2024
Goods imports
$4.65B
2023
$41.5B
2024
Goods exports
$4.05B
2023
$21.9B
2024
Service imports
$1.54B
2023
$8.35B
2024
Service exports
$461M
2023
$24.7B
2024
Imports of goods and services, % of GDP
21.8%
2024
54.8%
2024
Exports of goods and services, % of GDP
18.8%
2024
50.1%
2024

Economic freedom indices

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

Benin Croatia
Economic freedom 60 67.5
Economic freedom ranking 96/197 56/197
Property rights 46.4 81.1
Government integrity 44.1 52.6
Judicial effectiveness 47.7 71.7
Tax burden 69.4 70
Government spending 89.1 34.9
Fiscal health 65.4 92.2
Business freedom 53.3 79.6
Labor freedom 60.2 58.9
Monetary freedom 82.1 69.9
Trade freedom 62.6 79.4
Investment freedom 50 60
Financial freedom 50 60

Economic freedom comparison by year

Benin
Croatia
1x
Year Economic freedom index
Benin Croatia
2026 60 67.5
2025 58.5 68.7
2024 57.7 67.2
2023 59.8 66.4
2022 61 67.6
2021 59.6 63.6
2020 55.2 62.2
2019 55.3 61.4
2018 56.7 61
2017 59.2 59.4
2016 59.3 59.1
2015 58.8 61.5
2014 57.1 60.4
2013 57.6 61.3
2012 55.7 60.9
2011 56 61.1
2010 55.4 59.2
2009 55.4 55.1
2008 55.2 54.1
2007 55.1 53.4
2006 54 53.6
2005 52.3 51.9
2004 54.6 53.1
2003 54.9 53.3
2002 57.3 51.1
2001 60.1 50.7
2000 61.5 53.6
1999 60.6 53.1
1998 61.7 51.7
1997 61.3 46.7
1996 54.5 48

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/benin/croatia | CC BY

The Economic Freedom Index for Benin is 60, ranking 96/197, compared to 67.5 for Croatia, ranking 56/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Benin Croatia
Services, % of GDP
48.9%
2024
60.8%
2024
Industry, % of GDP
17.4%
2024
19.2%
2024
Agriculture, forestry, and fishing, % of GDP
24.2%
2024
2.9%
2024
GNI, Atlas method
$20.6B
2024
$86B
2024
GNI per capita, PPP
$4,390
2024
$49,740
2024
Total reserves including gold n/a
$3.34B
2024
Total reserves ranking n/a
116/177
2024
Net foreign direct investment
-$430M
2023
-$1.88B
2024
Net inflows of foreign direct investment
$543M
2024
$4.54B
2024
Net outflows of foreign direct investment
$60.3M
2024
$2.79B
2024
Servicing debt to the IMF, % of GNI
5.38%
2024
n/a
Poverty at national poverty lines
36.2%
2021
20.3%
2023
Gross capital formation, % of GDP
35.1%
2024
24.4%
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/croatia | 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. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1989–1997, retrieved 2026-02-20)
  6. TradeMap (2020–2024, 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.