Benin vs Iceland: Economic Indicators Comparison

Iceland with a GDP of $25.9B ranked the 108th largest economy in the world, while Benin ranked 143rd with $10.4B. By GDP 5-years average growth and GDP per capita, Iceland and Benin ranked 47th vs 34th and 8th vs 173rd, respectively.

Gross Domestic Product & Income

StatBeninIceland
GDP$10.4B$25.9B
GDP growth, 1 year6.5%4.6%
GDP growth, 5-years average5%4.5%
Population11.2M357k
GDP per capita$902$73k
GDP per capita growth3.98%1.6%
Purchasing Power Parity conversion factor206.52138.33
Price level ratio of PPP conversion factor GDP to market exchange rate0.371.28
GDP per capita, PPP adjusted$2.4k$56k
GNI, Atlas method$10B$24B
GNI per capita$870$68k
GNI, PPP adjusted$27.6B$19.5B
GNI per capita, PPP adjusted$2.4k$55k

Financial system and Human development

StatBeninIceland
Income Tax Rate45%31.8%
Corporate Tax Rate30%20%
Inflation, consumer prices1%2.7%
Inflation, GDP deflator0%2.4%
Unemployment2.1%2.9%
Economic Freedom Index55.277.1
Personal Freedom Index7.469.27
Human Freedom Index6.858.22
Property Rights Index41.387.6
Judical Effectiveness Index36.463.2
Business Freedom Index5884.7
Fiscal Health Index46.697.5
Labor Freedom Index53.763.5
Investment Freedom Index6085
Financial Freedom Index5070
Trade Freedom Index49.486.8
Monetary Freedom Index84.380.3
Government Spending Index84.244.1
Tax Burden Index6971.7
Government Integrity Index29.690.3
Corruption Perceptions Index4076
Life expectancy at birth, years61.282.2
Suicide mortality rate, per 100,000 people9.914
Mortality caused by road traffic injury, per 100,000 people27.56.6
Intentional homicides, per 100,000 people1.10.9
International tourism, number of arrivals295k2.3M

Government debt & reserves

StatBeninIceland
Central government debt, % of GDP54.6%35.4%
External debt stocks, % of GNI35.9%N/A
External debt stocks$3.7BN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary income7.8%N/A
Adjusted net savings including particulate emission damage, % of GNI-3.4%16.6%
Gross savings, % of GDP12.3%21.2%
Gross capital formation, % of GDP25.8%22.6%
Total reserves including goldN/A$6.3B
Foreign direct investment net inflows$207.5M-$434.6M

Exports, imports and economic structure

StatBeninIceland
Exports of goods and services, % of GDP35.4%47.2%
Imports of goods and services, % of GDP44.2%44.1%
Current account balance (balance of payments)-$927.3M$731.3M
Revenue excluding grants, % of GDP12.9%31%
Grants excluding technical cooperation, BoP$328.1MN/A
Personal remittances received$198.7M$168.9M
Industry including construction value added, % of GDP21.5%19.6%
Agriculture, forestry and fishing value added, % of GDP22.6%4.6%
Charges for the use of intellectual property, payments BoP$18k$143.4M
Charges for the use of intellectual property, receipts BoP$877$241.7M
Expense, % of GDPN/A30.8%
Government Expenditure, % of GDP23%43.2%

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

Iceland vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k