Benin vs Italy: Economic Indicators Comparison

Italy with a GDP of $2.1T ranked the 8th largest economy in the world, while Benin ranked 143rd with $10.4B. By GDP 5-years average growth and GDP per capita, Italy and Benin ranked 154th vs 34th and 29th vs 173rd, respectively.

Gross Domestic Product & Income

StatBeninItaly
GDP$10.4B$2.1T
GDP growth, 1 year6.5%0.9%
GDP growth, 5-years average5%0.9%
Population11.2M60.3M
GDP per capita$902$34k
GDP per capita growth3.98%0.95%
Purchasing Power Parity conversion factor206.520.7
Price level ratio of PPP conversion factor GDP to market exchange rate0.370.82
GDP per capita, PPP adjusted$2.4k$40k
GNI, Atlas method$10B$2T
GNI per capita$870$34k
GNI, PPP adjusted$27.6B$2.6T
GNI per capita, PPP adjusted$2.4k$42k

Financial system and Human development

StatBeninItaly
Income Tax Rate45%43%
Corporate Tax Rate30%27.5%
Inflation, consumer prices1%1.2%
Inflation, GDP deflator0%0.9%
Unemployment2.1%10.2%
Economic Freedom Index55.263.8
Personal Freedom Index7.468.79
Human Freedom Index6.858.01
Property Rights Index41.375.4
Judical Effectiveness Index36.451.3
Business Freedom Index5870.4
Fiscal Health Index46.671.1
Labor Freedom Index53.750.9
Investment Freedom Index6080
Financial Freedom Index5050
Trade Freedom Index49.486.4
Monetary Freedom Index84.383.2
Government Spending Index84.228.5
Tax Burden Index6956
Government Integrity Index29.662.2
Corruption Perceptions Index4052
Life expectancy at birth, years61.283.2
Suicide mortality rate, per 100,000 people9.98.2
Mortality caused by road traffic injury, per 100,000 people27.55.6
Intentional homicides, per 100,000 people1.10.7
International tourism, number of arrivals295k61.6M

Government debt & reserves

StatBeninItaly
Central government debt, % of GDP54.6%132.1%
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%6%
Gross savings, % of GDP12.3%20.8%
Gross capital formation, % of GDP25.8%18.2%
Total reserves including goldN/A$152.4B
Foreign direct investment net inflows$207.5M$39.6B

Exports, imports and economic structure

StatBeninItaly
Exports of goods and services, % of GDP35.4%31.5%
Imports of goods and services, % of GDP44.2%29%
Current account balance (balance of payments)-$927.3M$53.8B
Revenue excluding grants, % of GDP12.9%37.7%
Grants excluding technical cooperation, BoP$328.1MN/A
Personal remittances received$198.7M$9.9B
Industry including construction value added, % of GDP21.5%21.4%
Agriculture, forestry and fishing value added, % of GDP22.6%1.9%
Charges for the use of intellectual property, payments BoP$18k$5.1B
Charges for the use of intellectual property, receipts BoP$877$4.9B
Expense, % of GDPN/A41.3%
Government Expenditure, % of GDP23%48.8%

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

Italy vs

CountryGDP
per capita
Population
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
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k