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Economy of Benin vs Greece compared: GDP & Debt

Updated on by Georank team

Benin has a GDP of $21.5B compared to $256B for Greece, ranking 126/197 and 53/197 by economy size, respectively.

Benin has $11.5B in government debt (53.4% of GDP), compared to $397B (154.8% of GDP) in Greece.

Benin vs Greece GDP by year

Benin
Greece
1x
Year GDP, current $
Benin Greece
2024 $21,482,643,706 $256,238,371,778
2023 $19,673,291,004 $242,946,187,738
2022 $17,425,405,091 $217,990,189,601
2021 $17,687,623,530 $218,303,801,895
2020 $15,686,741,884 $191,362,985,555
2019 $14,391,686,313 $207,305,649,887
2018 $14,262,408,090 $213,298,873,494
2017 $12,701,655,837 $200,381,103,984
2016 $11,821,065,853 $193,097,239,006
2015 $11,388,160,997 $194,567,373,678
2014 $13,284,527,847 $233,911,581,521
2013 $12,517,845,124 $236,556,279,641
2012 $11,141,358,116 $238,841,140,018
2011 $10,693,321,364 $283,228,079,776
2010 $9,535,345,016 $296,417,644,404
2009 $9,738,626,517 $326,829,054,686
2008 $9,787,734,526 $351,121,399,546
2007 $8,169,048,383 $314,226,996,944
2006 $7,034,111,315 $269,073,415,334
2005 $6,567,654,954 $242,315,668,619
2004 $6,190,270,380 $234,979,615,898
2003 $5,349,258,094 $196,930,509,813
2002 $4,194,342,686 $150,253,800,086
2001 $3,666,222,635 $132,050,474,720
2000 $3,519,991,440 $125,760,166,225
1999 $3,677,393,999 $137,131,371,955
1998 $2,455,092,686 $139,612,812,176
1997 $2,268,301,646 $138,766,067,640
1996 $2,361,116,449 $142,502,984,145
1995 $2,169,627,138 $134,974,613,914
1994 $1,598,075,944 $114,980,063,202
1993 $2,274,558,083 $107,295,704,518
1992 $1,695,315,306 $114,608,178,405
1991 $1,986,437,797 $103,680,863,713
1990 $1,959,965,330 $96,529,587,274
1989 $1,502,294,416 $78,067,933,277
1988 $1,620,246,084 $75,200,610,137
1987 $1,562,412,228 $64,739,630,096
1986 $1,336,102,025 $55,595,445,472
1985 $1,045,712,789 $47,155,741,426
1984 $1,051,134,009 $47,352,146,312
1983 $1,095,348,199 $48,741,397,059
1982 $1,267,778,670 $53,858,346,939
1981 $1,291,120,188 $51,618,456,335
1980 $1,405,251,847 $56,039,256,595
1979 $1,186,231,020 $53,724,121,435
1978 $928,843,469 $43,654,480,519
1977 $750,049,779 $35,673,080,481
1976 $698,408,262 $30,719,552,239
1975 $676,870,140 $28,129,128,587
1974 $554,654,861 $24,998,715,909
1973 $504,376,074 $22,037,019,563
1972 $410,331,857 $16,650,659,091
1971 $335,073,028 $14,388,806,818
1970 $333,627,713 $12,957,113,636
1969 $330,748,245 $11,454,106,327
1968 $326,323,105 $9,950,331,206
1967 $306,221,953 $9,146,592,856
1966 $302,925,235 $8,472,021,467
1965 $289,908,680 $7,582,209,670
1964 $269,819,006 $6,576,906,345
1963 $253,927,697 $5,813,285,627
1962 $236,434,954 $5,140,542,929
1961 $235,668,221 $4,892,397,431
1960 $226,195,578 $4,274,890,307

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

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

GDP per capita in Benin vs Greece by year

Benin
GDP per capita

GDP per capita, PPP
Greece
GDP per capita

GDP per capita, PPP
1x
Year Current $
Benin Greece
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,485 $4,435 $24,626 $44,327
2023 $1,394 $4,130 $23,344 $42,711
2022 $1,266 $3,844 $20,887 $39,612
2021 $1,319 $3,464 $20,655 $33,531
2020 $1,200 $3,245 $17,887 $29,533
2019 $1,131 $3,149 $19,335 $31,927
2018 $1,152 $2,965 $19,873 $29,792
2017 $1,055 $2,886 $18,632 $28,682
2016 $1,011 $2,842 $17,919 $27,505
2015 $1,002 $2,725 $17,981 $26,608
2014 $1,204 $2,670 $21,475 $26,450
2013 $1,169 $2,512 $21,573 $25,731
2012 $1,072 $2,346 $21,624 $24,583
2011 $1,059 $2,265 $25,505 $25,693
2010 $973 $2,220 $26,653 $27,839
2009 $1,024 $2,213 $29,425 $29,963
2008 $1,061 $2,215 $31,696 $30,441
2007 $912 $2,136 $28,441 $28,896
2006 $809 $2,021 $24,416 $28,076
2005 $779 $1,946 $22,054 $25,004
2004 $759 $1,915 $21,449 $24,826
2003 $676 $1,842 $18,021 $23,253
2002 $546 $1,800 $13,782 $21,985
2001 $492 $1,746 $12,157 $20,304
2000 $487 $1,671 $11,638 $18,820
1999 $525 $1,592 $12,743 $17,758
1998 $362 $1,537 $13,023 $17,434
1997 $345 $1,508 $13,016 $16,630
1996 $369 $1,444 $13,433 $15,778
1995 $348 $1,395 $12,779 $15,218
1994 $262.1 $1,316 $10,937 $14,667
1993 $387 $1,311 $10,257 $14,150
1992 $302 $1,265 $11,021 $14,130
1991 $365 $1,239 $10,047 $13,824
1990 $371 $1,186 $9,467 $13,126
1989 $293.3 - $7,738 -
1988 $326 - $7,492 -
1987 $324 - $6,474 -
1986 $285.8 - $5,578 -
1985 $230.4 - $4,747 -
1984 $238.6 - $4,785 -
1983 $256 - $4,950 -
1982 $305 - $5,502 -
1981 $320 - $5,305 -
1980 $358 - $5,812 -
1979 $311 - $5,627 -
1978 $249.8 - $4,629 -
1977 $207 - $3,832 -
1976 $197.7 - $3,343 -
1975 $196.5 - $3,109 -
1974 $164.9 - $2,789 -
1973 $153.6 - $2,468 -
1972 $127.9 - $1,873 -
1971 $106.9 - $1,629 -
1970 $108.8 - $1,474 -
1969 $110.3 - $1,306 -
1968 $111.2 - $1,138 -
1967 $106.6 - $1,053 -
1966 $107.6 - $984 -
1965 $105.1 - $887 -
1964 $99.8 - $773 -
1963 $95.7 - $686 -
1962 $90.8 - $608 -
1961 $92.1 - $583 -
1960 $89.9 - $513 -

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

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

Benin's GDP per capita is $1,485, ranking 162/197, compared to $24,626 in Greece, ranking 49/197. Adjusted for purchasing power (GDP per capita PPP), Benin ranks 162nd at $4,435, while Greece ranks 52nd at $44,327.

Economic indicators

Benin Greece
Gross domestic product
$21.5B
2024
$256B
2024
GDP rank
126/197
2024
53/197
2024
GDP growth
7.45%
2023-2024
2.09%
2023-2024
GDP per capita
$1,485
2024
$24,626
2024
GDP per capita rank
162/197
2024
49/197
2024
GDP per capita, PPP
$4,435
2024
$44,327
2024
GDP per capita PPP rank
162/197
2024
52/197
2024
Government debt
$11.5B
2024
$397B
2024
Debt-to-GDP ratio
53.4%
2024
154.8%
2024
Government debt per person
$794
2024
$38,119
2024
Government debt per person rank
151/185
2024
16/185
2024
Average annual personal income after taxes
$1,091
2026
$14,396
2026
Market capitalization of domestic companies n/a
$83.2B
2024
Number of billionaires n/a
16
2025
Income share by richest 10%
27.2%
2021
26%
2023
Income share by poorest 10%
3.1%
2021
2.7%
2023
Government expenditure, % of GDP
18.1%
2024
48%
2024
Consumer prices inflation
1.2%
2023-2024
2.74%
2023-2024
Unemployment rate
1.69%
2022
10%
2024
Population
15272847
10181414

Spending and national debt comparison by year

Benin
Spending

Debt
Greece
Spending

Debt
1x
Year % of GDP
Benin Greece
Government spending Government debt Government spending Government debt
2024 18.1% 53.4% 48% 154.8%
2023 19.2% 54.9% 49.5% 165.2%
2022 19.9% 54.2% 52.8% 178.4%
2021 19.9% 50.3% 56.7% 197.8%
2020 19.1% 46.1% 59.3% 209.9%
2019 14.3% 40.4% 47.6% 183.7%
2018 16.5% 40.8% 48.6% 189.6%
2017 17.7% 39.4% 48.5% 182.6%
2016 15.4% 35.9% 50.3% 183.7%
2015 18.2% 30.9% 51.9% 180%
2014 14.2% 22.3% 51.5% 182.8%
2013 14.9% 18.5% 53% 180.5%
2012 14.2% 19.5% 54.9% 164.3%
2011 14.7% 21.9% 55.1% 175.1%
2010 14.1% 21% 53.1% 147.8%
2009 17% 18.7% 54.8% 128.5%
2008 14.5% 18.3% 51.5% 110.9%
2007 15.8% 14.3% 47.8% 104.6%
2006 13% 8.37% 45.9% 105.3%
2005 14.1% 27% 46.6% 109.9%
2004 13.4% 21.5% 48.8% 105.5%
2003 13.7% 23.4% 47.9% 104.3%
2002 15.3% 30.8% 47.1% 107.9%
2001 15.4% 38% 47.5% 110.5%
2000 15.6% 39.6% 48.2% 108.9%
1999 10.7% 39.4% 48% 102.8%
1998 10.9% 39.2% 46.7% 100.8%
1997 12.7% 42.9% 45.1% 102.6%
1996 13.3% 43.4% 46.1% 103.7%
1995 14.8% 48.3% 46.6% 100.4%
1994 13.6% 64.6% 36.9% 99.7%
1993 12% 41.9% 38.6% 101.7%
1992 13.5% 41.8% 36.9% 81.1%
1991 12.6% 44% 35.2% 75.7%
1990 13.3% 45.3% 38.5% 74.2%
1989 17.1% 50.3% 34.8% 60.7%
1988 - - 33.8% 57.9%
1987 - - 34% 53.2%
1986 - - 33.8% 47.8%
1985 - - 34.2% 47.3%
1984 - - 32% 40.6%
1983 - - 30.2% 34.1%
1982 - - 28.7% 29.7%
1981 - - 28.1% 27.1%
1980 - - 24.5% 22.8%
1979 - - 24.1% 22.7%
1978 - - 30.1% 32.3%
1977 - - 30.1% 24.5%
1976 - - 29.1% 23.7%
1975 - - 28.7% 24.1%
1974 - - 25.3% 22.5%
1973 - - 24.3% 22%
1972 - - 26.8% 26.5%
1971 - - 25.8% 25%
1970 - - 25.2% 24.7%
1969 - - 29.7% 25.8%
1968 - - 26.3% 23%
1967 - - 24.6% 21.1%
1966 - - 22.8% 19%
1965 - - 21.7% 16.5%
1964 - - 20.4% 21.3%
1963 - - 19.5% 22.6%
1962 - - 19.7% 16.6%
1961 - - 19.3% 14.4%
1960 - - 20% 13.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1997, retrieved 2026-02-20).

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

In 2024, Benin's government spending was $3.88B, accounting for 18.1% of its GDP, while Greece spent $123B, or 48% of GDP.

Debt-to-GDP ratio is 53.4% in Benin and 154.8% in Greece, ranking 99/185 and 7/185, respectively.

Government deficit by year

Deficit/surplus
Benin

Greece
1x
Year Deficit/surplus, % of GDP
Benin Greece
2024 -3.06% 1.34%
2023 -4.13% -1.35%
2022 -5.55% -2.46%
2021 -5.71% -7.58%
2020 -4.68% -10.3%
2019 -0.53% -0.09%
2018 -2.96% 0.78%
2017 -4.18% 1.05%
2016 -4.29% 0.28%
2015 -5.55% -3.03%
2014 -1.65% -4.29%
2013 -1.37% -4.06%
2012 -0.22% -6.94%
2011 -0.98% -10.5%
2010 -0.28% -11.4%
2009 -2.24% -15.4%
2008 -0.04% -10.3%
2007 0.22% -6.81%
2006 -0.15% -6.04%
2005 -1.52% -6.33%
2004 -0.7% -9.05%
2003 -1.07% -8.05%
2002 -3.33% -6.2%
2001 -3.27% -5.64%
2000 -3.69% -4.21%
1999 1.94% -6.02%
1998 1.83% -6.48%
1997 0.47% -6.25%
1996 -0.11% -8.35%
1995 -1.91% -9.87%
1994 -1.57% -8.48%
1993 -0.41% -11.5%
1992 -1.98% -10.6%
1991 -2.25% -9.63%
1990 -2.37% -13.3%
1989 0.89% -11.9%
1988 - -9.63%
1987 - -8.09%
1986 - -8.62%
1985 - -9.56%
1984 - -7.19%
1983 - -6.17%
1982 - -5.49%
1981 - -7.08%
1980 - -2.5%
1979 - -2.34%
1978 - -5.39%
1977 - -5.21%
1976 - -5.05%
1975 - -5.3%
1974 - -4.39%
1973 - -3.71%
1972 - -4.16%
1971 - -3.32%
1970 - -3.24%
1969 - -6.65%
1968 - -3.39%
1967 - -2.59%
1966 - -2.17%
1965 - -2.55%
1964 - -2.89%
1963 - -2.25%
1962 - -2.4%
1961 - -2.69%
1960 - -3.3%
1959 - -2.77%
1958 - -2.27%
1957 - -2.45%
1956 - -0.39%
1955 - -3.57%
1954 - -2.87%
1953 - -3.01%
1952 - -7.21%
1951 - -11.5%
1950 - -12.7%
1949 - -10.4%
1948 - -7.65%
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - 0.48%
1938 - 1.78%
1937 - 1.06%
1936 - 0.95%
1935 - 0.72%
1934 - 0.88%
1933 - -2.79%
1932 - -1.78%
1931 - -4%
1930 - -2.23%
1929 - -18.7%
1928 - -0.27%
1927 - 2.65%
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -8.96%
1912 - -7.43%
1911 - -4.61%
1910 - -1.53%
1909 - -2.64%
1908 - -1.54%
1907 - -1.23%
1906 - 0.66%
1905 - 0.91%
1904 - -0.04%
1903 - -0.22%
1902 - -1.67%
1901 - 0.1%
1900 - 0.41%
1899 - 0.86%
1898 - -34.5%
1897 - -8.46%
1896 - 0.82%
1895 - 0.37%
1894 - 2.91%
1893 - 0.14%
1892 - -2.28%
1891 - -6.48%
1890 - -11.2%
1889 - -15.7%
1888 - -3.59%
1887 - -4.88%
1886 - -11.5%
1885 - -12.1%
1884 - -7.16%
1883 - -2.42%
1882 - -1.69%
1881 - -14.5%
1880 - -13.5%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/benin/greece | 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 Greece's surplus of $3.43B, or 1.34% of GDP.

Over the past 36 years, Benin recorded a fiscal deficit in 31 of those years, while Greece ran a deficit in 32 years. On average, Benin posted an annual deficit equal to 1.84% of GDP, compared to deficit of 6.64% of GDP for Greece.

Inflation comparison by year

Inflation
Benin

Greece
1x
Year Consumer prices inflation
Benin Greece
2024 1.2% 2.74%
2023 2.7% 3.46%
2022 1.4% 9.65%
2021 1.7% 1.22%
2020 3% -1.25%
2019 -0.9% 0.25%
2018 0.8% 0.63%
2017 1.8% 1.12%
2016 -0.8% -0.83%
2015 0.2% -1.74%
2014 -0.6% -1.31%
2013 0.4% -0.92%
2012 6.7% 1.5%
2011 2.7% 3.33%
2010 2.1% 4.71%
2009 0.9% 1.21%
2008 7.4% 4.15%
2007 1.3% 2.9%
2006 3.8% 3.2%
2005 5.4% 3.55%
2004 0.9% 2.9%
2003 1.5% 3.53%
2002 2.4% 3.63%
2001 4% 3.37%
2000 4.2% 3.15%
1999 0.3% 2.64%
1998 5.8% 4.77%
1997 3.8% 5.54%

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/greece | CC BY

Over the past 28 years, Benin has recorded an average annual inflation rate of 2.29%, compared with 2.4% in Greece. In 2024, inflation was 1.2% in Benin and 2.74% in Greece.

Top exports between countries

Benin
Export category Export value
Textiles & consumer goods $330K
Raw materials & minerals $305K
Raw agricultural goods $81K
Machinery & equipment $26K
Greece
Export category Export value
Metals $429K
Chemicals & pharma $276K
Animal & marine products $151K
Miscellaneous $88K
Raw materials & minerals $60K
Machinery & equipment $47K
Textiles & consumer goods $18K
Wood & paper products $2K

Balance of trade

Benin Greece
Current account balance
-$1.61B
2023
-$18.2B
2024
Current account balance ranking
135/190
2023
182/190
2024
Current account balance, % of GDP
-8.18%
2023
-7.11%
2024
Goods imports
$4.65B
2023
$91.2B
2024
Goods exports
$4.05B
2023
$52.6B
2024
Service imports
$1.54B
2023
$31.1B
2024
Service exports
$461M
2023
$55.8B
2024
Imports of goods and services, % of GDP
21.8%
2024
47.7%
2024
Exports of goods and services, % of GDP
18.8%
2024
42.1%
2024

Economic freedom indices

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

Benin Greece
Economic freedom 60 63.2
Economic freedom ranking 96/197 82/197
Property rights 46.4 78
Government integrity 44.1 54.8
Judicial effectiveness 47.7 68
Tax burden 69.4 59.9
Government spending 89.1 24.7
Fiscal health 65.4 78.9
Business freedom 53.3 77.8
Labor freedom 60.2 59.7
Monetary freedom 82.1 72.6
Trade freedom 62.6 79.4
Investment freedom 50 55
Financial freedom 50 50

Economic freedom comparison by year

Benin
Greece
1x
Year Economic freedom index
Benin Greece
2026 60 63.2
2025 58.5 60.6
2024 57.7 55.1
2023 59.8 56.9
2022 61 61.5
2021 59.6 60.9
2020 55.2 59.9
2019 55.3 57.7
2018 56.7 57.3
2017 59.2 55
2016 59.3 53.2
2015 58.8 54
2014 57.1 55.7
2013 57.6 55.4
2012 55.7 55.4
2011 56 60.3
2010 55.4 62.7
2009 55.4 60.8
2008 55.2 60.6
2007 55.1 58.7
2006 54 60.1
2005 52.3 59
2004 54.6 59.1
2003 54.9 58.8
2002 57.3 59.1
2001 60.1 63.4
2000 61.5 61
1999 60.6 61
1998 61.7 60.6
1997 61.3 59.6
1996 54.5 60.5
1995 - 61.2

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Benin is 60, ranking 96/197, compared to 63.2 for Greece, ranking 82/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Benin Greece
Services, % of GDP
48.9%
2024
68%
2024
Industry, % of GDP
17.4%
2024
15%
2024
Agriculture, forestry, and fishing, % of GDP
24.2%
2024
3.77%
2024
GNI, Atlas method
$20.6B
2024
$236B
2024
GNI per capita, PPP
$4,390
2024
$43,340
2024
Total reserves including gold n/a
$15.2B
2024
Total reserves ranking n/a
67/177
2024
Net foreign direct investment
-$430M
2023
-$4.52B
2024
Net inflows of foreign direct investment
$543M
2024
$6.74B
2024
Net outflows of foreign direct investment
$60.3M
2024
$2.22B
2024
Servicing debt to the IMF, % of GNI
5.38%
2024
n/a
Poverty at national poverty lines
36.2%
2021
18.8%
2021
Gross capital formation, % of GDP
35.1%
2024
18.3%
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/greece | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1997, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  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)

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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.