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

Stat	Benin	Italy
GDP	$10.4B	$2.1T
GDP growth, 1 year	6.5%	0.9%
GDP growth, 5-years average	5%	0.9%
Population	11.2M	60.3M
GDP per capita	$902	$34k
GDP per capita growth	3.98%	0.95%
Purchasing Power Parity conversion factor	206.52	0.7
Price level ratio of PPP conversion factor GDP to market exchange rate	0.37	0.82
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

Stat	Benin	Italy
Income Tax Rate	45%	43%
Corporate Tax Rate	30%	27.5%
Inflation, consumer prices	1%	1.2%
Inflation, GDP deflator	0%	0.9%
Unemployment	2.1%	10.2%
Economic Freedom Index	55.2	63.8
Personal Freedom Index	7.46	8.79
Human Freedom Index	6.85	8.01
Property Rights Index	41.3	75.4
Judical Effectiveness Index	36.4	51.3
Business Freedom Index	58	70.4
Fiscal Health Index	46.6	71.1
Labor Freedom Index	53.7	50.9
Investment Freedom Index	60	80
Financial Freedom Index	50	50
Trade Freedom Index	49.4	86.4
Monetary Freedom Index	84.3	83.2
Government Spending Index	84.2	28.5
Tax Burden Index	69	56
Government Integrity Index	29.6	62.2
Corruption Perceptions Index	40	52
Life expectancy at birth, years	61.2	83.2
Suicide mortality rate, per 100,000 people	9.9	8.2
Mortality caused by road traffic injury, per 100,000 people	27.5	5.6
Intentional homicides, per 100,000 people	1.1	0.7
International tourism, number of arrivals	295k	61.6M

Government debt & reserves

Stat	Benin	Italy
Central government debt, % of GDP	54.6%	132.1%
External debt stocks, % of GNI	35.9%	N/A
External debt stocks	$3.7B	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	7.8%	N/A
Adjusted net savings including particulate emission damage, % of GNI	-3.4%	6%
Gross savings, % of GDP	12.3%	20.8%
Gross capital formation, % of GDP	25.8%	18.2%
Total reserves including gold	N/A	$152.4B
Foreign direct investment net inflows	$207.5M	$39.6B

Exports, imports and economic structure

Stat	Benin	Italy
Exports of goods and services, % of GDP	35.4%	31.5%
Imports of goods and services, % of GDP	44.2%	29%
Current account balance (balance of payments)	-$927.3M	$53.8B
Revenue excluding grants, % of GDP	12.9%	37.7%
Grants excluding technical cooperation, BoP	$328.1M	N/A
Personal remittances received	$198.7M	$9.9B
Industry including construction value added, % of GDP	21.5%	21.4%
Agriculture, forestry and fishing value added, % of GDP	22.6%	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 GDP	N/A	41.3%
Government Expenditure, % of GDP	23%	48.8%