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Economy of Benin vs Lesotho compared: GDP & Debt

Updated on by Georank

Benin has a GDP of $24.6B compared to $2.57B for Lesotho, ranking 124/197 and 175/197 by economy size, respectively.

Benin has $14.1B in government debt (57.3% of GDP), compared to $1.26B (49.1% of GDP) in Lesotho.

Benin vs Lesotho GDP by year

Benin
Lesotho
1x
Year GDP, current $
Benin Lesotho
2025 $24,566,420,904 $2,573,572,920
2024 $21,482,643,706 $2,391,282,548
2023 $19,673,291,004 $2,129,871,530
2022 $17,425,405,091 $2,354,980,960
2021 $17,687,623,530 $2,412,130,057
2020 $15,686,741,884 $2,053,699,864
2019 $14,391,686,313 $2,390,702,296
2018 $14,262,408,090 $2,556,247,292
2017 $12,701,655,837 $2,306,741,672
2016 $11,821,065,853 $2,114,426,452
2015 $11,388,160,997 $2,359,686,725
2014 $13,284,527,847 $2,441,063,054
2013 $12,517,845,124 $2,367,112,932
2012 $11,141,358,116 $2,477,702,216
2011 $10,693,321,364 $2,579,409,620
2010 $9,535,345,016 $2,234,754,242
2009 $9,738,626,517 $1,740,894,965
2008 $9,787,734,526 $1,766,902,709
2007 $8,169,048,383 $1,682,131,785
2006 $7,034,111,315 $1,800,092,564
2005 $6,567,654,954 $1,682,343,527
2004 $6,190,270,380 $1,511,236,656
2003 $5,349,258,094 $1,157,825,435
2002 $4,194,342,686 $775,777,239
2001 $3,666,222,635 $825,706,961
2000 $3,519,991,440 $887,291,688
1999 $3,677,393,999 $912,773,681
1998 $2,455,092,686 $928,460,893
1997 $2,268,301,646 $998,004,259
1996 $2,361,116,449 $946,112,493
1995 $2,169,627,138 $1,001,894,000
1994 $1,598,075,944 $878,250,945
1993 $2,274,558,083 $835,582,062
1992 $1,695,315,306 $831,029,862
1991 $1,986,437,797 $704,325,367
1990 $1,959,965,330 $596,410,264
1989 $1,502,294,416 $495,409,233
1988 $1,620,246,084 $470,395,801
1987 $1,562,412,228 $402,768,324
1986 $1,336,102,025 $318,858,423
1985 $1,045,712,789 $268,629,926
1984 $1,051,134,009 $333,163,670
1983 $1,095,348,199 $386,699,309
1982 $1,267,778,670 $348,741,684
1981 $1,291,120,188 $434,188,034
1980 $1,405,251,847 $431,542,537
1979 $1,186,231,020 $290,134,593
1978 $928,843,469 $266,570,067
1977 $750,049,779 $193,315,048
1976 $698,408,262 $147,660,037
1975 $676,870,140 $149,558,896
1974 $554,654,861 $150,851,317
1973 $504,376,074 $121,188,716
1972 $410,331,857 $80,913,200
1971 $335,073,028 $76,480,285
1970 $333,627,713 $68,739,973
1969 $330,748,245 $65,967,974
1968 $326,323,105 $61,445,975
1967 $306,221,953 $59,261,976
1966 $302,925,235 $56,699,977
1965 $289,908,680 $54,879,978
1964 $269,819,006 $51,939,979
1963 $253,927,697 $47,039,981
1962 $236,434,954 $41,859,983
1961 $235,668,221 $35,699,986
1960 $226,195,578 $34,579,986

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Benin vs Lesotho by year

Benin
GDP per capita

GDP per capita, PPP
Lesotho
GDP per capita

GDP per capita, PPP
1x
Year Current $
Benin Lesotho
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,658 - $1,089 -
2024 $1,485 $4,435 $1,023 $3,001
2023 $1,394 $4,130 $921 $2,881
2022 $1,266 $3,844 $1,030 $2,761
2021 $1,319 $3,464 $1,067 $2,545
2020 $1,200 $3,245 $919 $2,559
2019 $1,131 $3,149 $1,082 $2,568
2018 $1,152 $2,965 $1,171 $2,632
2017 $1,055 $2,886 $1,069 $2,619
2016 $1,011 $2,842 $992 $2,942
2015 $1,002 $2,725 $1,121 $3,035
2014 $1,204 $2,670 $1,174 $2,771
2013 $1,169 $2,512 $1,151 $2,538
2012 $1,072 $2,346 $1,218 $2,291
2011 $1,059 $2,265 $1,281 $2,279
2010 $973 $2,220 $1,119 $2,153
2009 $1,024 $2,213 $879 $2,036
2008 $1,061 $2,215 $898 $2,064
2007 $912 $2,136 $861 $1,932
2006 $809 $2,021 $925 $1,813
2005 $779 $1,946 $861 $1,681
2004 $759 $1,915 $767 $1,561
2003 $676 $1,842 $583 $1,484
2002 $546 $1,800 $389 $1,385
2001 $492 $1,746 $413 $1,350
2000 $487 $1,671 $443 $1,273
1999 $525 $1,592 $456 $1,199
1998 $362 $1,537 $465 $1,179
1997 $345 $1,508 $502 $1,154
1996 $369 $1,444 $480 $1,103
1995 $348 $1,395 $513 $1,037
1994 $262.1 $1,316 $456 $995
1993 $387 $1,311 $439 $932
1992 $302 $1,265 $444 $893
1991 $365 $1,239 $382 $830
1990 $371 $1,186 $330 $764
1989 $293.3 - $279 -
1988 $326 - $270.4 -
1987 $324 - $236.5 -
1986 $285.8 - $191.4 -
1985 $230.4 - $165.4 -
1984 $238.6 - $211 -
1983 $256 - $252 -
1982 $305 - $233.9 -
1981 $320 - $299.8 -
1980 $358 - $307 -
1979 $311 - $212.4 -
1978 $249.8 - $200.8 -
1977 $207 - $149.9 -
1976 $197.7 - $117.8 -
1975 $196.5 - $123.2 -
1974 $164.9 - $128.7 -
1973 $153.6 - $107 -
1972 $127.9 - $74 -
1971 $106.9 - $72.4 -
1970 $108.8 - $67.4 -
1969 $110.3 - $67.1 -
1968 $111.2 - $64.8 -
1967 $106.6 - $64.8 -
1966 $107.6 - $64.3 -
1965 $105.1 - $64.3 -
1964 $99.8 - $62.6 -
1963 $95.7 - $58.4 -
1962 $90.8 - $53.5 -
1961 $92.1 - $47 -
1960 $89.9 - $47 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Benin's GDP per capita is $1,658, ranking 162/197, compared to $1,089 in Lesotho, ranking 179/197. Adjusted for purchasing power (GDP per capita PPP), Benin ranks 162nd at $4,435, while Lesotho ranks 180th at $3,001.

Economic indicators

Benin Lesotho
Gross domestic product
$24.6B
2025
$2.57B
2025
GDP rank
124/197
2025
175/197
2025
GDP growth
8.07%
2024-2025
1.98%
2024-2025
GDP per capita
$1,658
2025
$1,089
2025
GDP per capita rank
162/197
2025
179/197
2025
GDP per capita, PPP
$4,435
2024
$3,001
2024
GDP per capita PPP rank
162/197
2024
180/197
2024
Government debt
$14.1B
2025
$1.26B
2025
Debt-to-GDP ratio
57.3%
2025
49.1%
2025
Government debt per person
$950
2025
$535
2025
Government debt per person rank
145/185
2025
165/185
2025
Average annual personal income after taxes
$1,056
2026
$1,455
2026
Income share by richest 10%
27.2%
2021
32.9%
2017
Income share by poorest 10%
3.1%
2021
1.7%
2017
Government expenditure, % of GDP
18.5%
2025
54.2%
2025
Consumer prices inflation
1.1%
2024-2025
4.27%
2024-2025
Central bank interest rate n/a
6.5%
2025
Unemployment rate
1.69%
2022
18.7%
2024
Population
15358725
2402837

Spending and national debt comparison by year

Benin
Spending

Debt
Lesotho
Spending

Debt
1x
Year % of GDP
Benin Lesotho
Government spending Government debt Government spending Government debt
2025 18.5% 57.3% 54.2% 49.1%
2024 18.2% 60.5% 52.5% 52.8%
2023 19.3% 61.3% 49% 61.1%
2022 20% 59.7% 50.8% 64.4%
2021 20% 55.6% 53.6% 58%
2020 19.1% 46.1% 54.2% 54.7%
2019 14.3% 40.4% 52.9% 58.2%
2018 16.5% 40.8% 51.9% 48.2%
2017 17.7% 39.4% 50.4% 41%
2016 15.4% 35.9% 54.1% 41.5%
2015 18.2% 30.9% 51.7% 45.8%
2014 14.2% 22.3% 50.1% 41.5%
2013 14.9% 18.5% 58.4% 41.2%
2012 14.2% 19.5% 58.1% 39.8%
2011 14.7% 21.9% 60.2% 36.2%
2010 14.1% 21% 55.3% 33.8%
2009 17% 18.7% 66.4% 35.9%
2008 14.5% 18.3% 54.1% 47%
2007 15.8% 14.3% 48.1% 49.6%
2006 13% 8.37% 43.2% 43.7%
2005 14.1% 27% 37.6% 41%
2004 13.4% 21.5% 36.3% 49.4%
2003 13.7% 23.4% 39.8% 52.6%
2002 15.3% 30.8% 41.2% 79.6%
2001 15.4% 38% 41.4% 108.7%
2000 15.6% 39.6% 39.3% 88.5%
1999 10.7% 39.4% 50.8% 83%
1998 14.9% 53.6% 51.4% 79.4%
1997 17.3% 42.9% 44.6% 65.7%
1996 18.2% 43.4% 41.5% 71.6%
1995 20.2% 48.3% 42.1% 62.8%
1994 18.5% 64.6% 40.2% 67%
1993 16.4% 41.9% 36% 71.2%
1992 18.4% 41.8% 35.3% 64.4%
1991 17.2% 44% 31.3% 11.9%
1990 18.1% 45.3% 32.9% 18%
1989 17.1% 50.3% 35.8% 112.5%
1988 - - 35.3% 105.2%
1987 - - 40.3% 97.4%
1986 - - 33.2% 92.5%
1985 - - 32.8% 86.3%
1984 - - 26.8% 57.2%
1983 - - 27.2% 56.7%
1982 - - 29.9% 61.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1997, retrieved 2026-07-08).

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

In 2025, Benin's government spending was $4.54B, accounting for 18.5% of its GDP, while Lesotho spent $1.4B, or 54.2% of GDP.

Debt-to-GDP ratio is 57.3% in Benin and 49.1% in Lesotho, ranking 83/185 and 106/185, respectively.

Government deficit by year

Deficit/surplus
Benin

Lesotho
1x
Year Deficit/surplus, % of GDP
Benin Lesotho
2025 -2.9% 2.15%
2024 -3.06% 8.17%
2023 -4.13% 7.36%
2022 -5.55% -6.33%
2021 -2.53% -4.79%
2020 -4.68% 1.45%
2019 -0.53% -5.09%
2018 -2.96% -4.41%
2017 -4.18% -2.02%
2016 -4.29% -9.43%
2015 -5.55% -1.38%
2014 -1.65% 3.16%
2013 -1.37% -2.58%
2012 -0.22% 4.56%
2011 -0.98% -9.85%
2010 -0.28% -1.49%
2009 -2.24% -4.16%
2008 -0.04% 8.1%
2007 0.22% 10.8%
2006 -0.15% 11.6%
2005 -1.52% 4.46%
2004 -0.7% 6.05%
2003 -1.07% 0.89%
2002 -3.33% -2.44%
2001 -3.27% -2.76%
2000 -3.69% -0.95%
1999 1.94% -15.3%
1998 2.5% -11.8%
1997 0.64% 0.27%
1996 -0.15% 2.11%
1995 -2.61% 5.13%
1994 -2.14% 5.69%
1993 -0.56% 7.55%
1992 -2.71% 4.65%
1991 -3.08% 9.74%
1990 -3.24% 8.78%
1989 0.89% 3.88%
1988 - -1.87%
1987 - -2.85%
1986 - 0.87%
1985 - 1.68%
1984 - 4.82%
1983 - 1.85%
1982 - -2.03%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-07-08).

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

In 2025, Benin's government deficit, the difference between spending and revenue, was $712M, equivalent to 2.9% of GDP. This compares to Lesotho's surplus of $55.4M, or 2.15% of GDP.

Over the past 37 years, Benin recorded a fiscal deficit in 32 of those years, while Lesotho ran a deficit in 16 years. On average, Benin posted an annual deficit equal to 1.87% of GDP, compared to surplus of 0.86% of GDP for Lesotho.

Inflation comparison by year

Inflation
Benin

Lesotho
1x
Year Consumer prices inflation
Benin Lesotho
2025 1.1% 4.27%
2024 1.2% 6.11%
2023 2.7% 6.34%
2022 1.4% 8.27%
2021 1.7% 6.05%
2020 3% 4.98%
2019 -0.9% 5.19%
2018 0.8% 4.75%
2017 1.8% 4.45%
2016 -0.8% 6.6%
2015 0.2% 3.22%
2014 -0.6% 5.37%
2013 0.4% 4.87%
2012 6.7% 6.05%
2011 2.7% 5.04%
2010 2.1% -2.41%
2009 0.9% -16.9%
2008 7.4% 10.7%
2007 1.3% 8.01%
2006 3.8% 6.07%
2005 5.4% 3.44%
2004 0.9% 5.02%
2003 1.5% 6.63%
2002 2.4% 33.8%
2001 4% -9.62%
2000 4.2% 6.13%
1999 0.3% -
1998 5.8% -
1997 3.8% -

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (2000–2025, retrieved 2026-07-08).

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

Over the past 26 years, Benin has recorded an average annual inflation rate of 2.13%, compared with 5.1% in Lesotho. In 2025, inflation was 1.1% in Benin and 4.27% in Lesotho.

Top exports between countries

Benin
Export category Export value
Lesotho
Export category Export value
Miscellaneous $10K

Balance of trade

Benin Lesotho
Current account balance
-$1.61B
2023
-$3.94M
2025
Current account balance ranking
132/190
2023
71/190
2025
Current account balance, % of GDP
-8.18%
2023
-0.15%
2025
Goods imports
$4.65B
2023
$1.69B
2025
Goods exports
$4.05B
2023
$933M
2025
Service imports
$1.54B
2023
$467M
2025
Service exports
$461M
2023
$16M
2025
Imports of goods and services, % of GDP
20.1%
2025
104.5%
2025
Exports of goods and services, % of GDP
17.1%
2025
49.5%
2025

Economic freedom indices

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

Benin Lesotho
Economic freedom 60 54.9
Economic freedom ranking 96/197 130/197
Property rights 46.4 41.7
Government integrity 44.1 39.6
Judicial effectiveness 47.7 43.6
Tax burden 69.4 76.4
Government spending 89.1 21.3
Fiscal health 65.4 93.5
Business freedom 53.3 50.6
Labor freedom 60.2 57
Monetary freedom 82.1 74.8
Trade freedom 62.6 65.4
Investment freedom 50 55
Financial freedom 50 40

Economic freedom comparison by year

Benin
Lesotho
1x
Year Economic freedom index
Benin Lesotho
2026 60 54.9
2025 58.5 54.1
2024 57.7 51.9
2023 59.8 51.6
2022 61 48.1
2021 59.6 53.5
2020 55.2 54.5
2019 55.3 53.1
2018 56.7 53.9
2017 59.2 53.9
2016 59.3 50.6
2015 58.8 49.6
2014 57.1 49.5
2013 57.6 47.9
2012 55.7 46.6
2011 56 47.5
2010 55.4 48.1
2009 55.4 49.7
2008 55.2 52.1
2007 55.1 53.2
2006 54 54.7
2005 52.3 53.9
2004 54.6 50.3
2003 54.9 52
2002 57.3 48.9
2001 60.1 50.6
2000 61.5 48.4
1999 60.6 48.2
1998 61.7 48.4
1997 61.3 47.2
1996 54.5 47

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Benin is 60, ranking 96/197, compared to 54.9 for Lesotho, ranking 130/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Benin Lesotho
Services, % of GDP
50.1%
2025
55.6%
2025
Industry, % of GDP
17.5%
2025
25.2%
2025
Agriculture, forestry, and fishing, % of GDP
22.9%
2025
6.49%
2025
GNI, Atlas method
$23.7B
2025
$3.03B
2025
GNI per capita, PPP
$4,760
2025
$3,900
2025
Total reserves including gold n/a
$1.01B
2024
Total reserves ranking n/a
142/177
2024
Net foreign direct investment
-$430M
2023
$5.77M
2025
Net inflows of foreign direct investment
$543M
2024
-$12.6M
2024
Net outflows of foreign direct investment
$60.3M
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.38%
2024
3.79%
2024
Poverty at national poverty lines
36.2%
2021
49.7%
2017
Gross capital formation, % of GDP
35.8%
2025
31.2%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1997, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. TradeMap (2021, retrieved 2026-07-08)

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.