Benin vs Madagascar: Economic Indicators Comparison
Madagascar with a GDP of $13.9B ranked the 130th largest economy in the world, while Benin ranked 143rd with $10.4B. By GDP 5-years average growth and GDP per capita, Madagascar and Benin ranked 55th vs 34th and 190th vs 173rd, respectively.
Gross Domestic Product & Income
| Stat |  Benin |  Madagascar |
|---|---|---|
| GDP | $10.4B | $13.9B |
| GDP growth, 1 year | 6.5% | 5.2% |
| GDP growth, 5-years average | 5% | 4% |
| Population | 11.2M | 25.6M |
| GDP per capita | $902 | $528 |
| GDP per capita growth | 3.98% | 1.81% |
| Purchasing Power Parity conversion factor | 206.52 | 929.9 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.37 | 0.28 |
| GDP per capita, PPP adjusted | $2.4k | $1.6k |
| GNI, Atlas method | $10B | $13.3B |
| GNI per capita | $870 | $510 |
| GNI, PPP adjusted | $27.6B | $48.2B |
| GNI per capita, PPP adjusted | $2.4k | $1.8k |
Financial system and Human development
| Stat | Benin | Madagascar |
|---|---|---|
| Income Tax Rate | 45% | 20% |
| Corporate Tax Rate | 30% | 20% |
| Inflation, consumer prices | 1% | 7.3% |
| Inflation, GDP deflator | 0% | 7.6% |
| Unemployment | 2.1% | 1.7% |
| Economic Freedom Index | 55.2 | 60.5 |
| Personal Freedom Index | 7.46 | 7.29 |
| Human Freedom Index | 6.85 | 6.69 |
| Property Rights Index | 41.3 | 45.6 |
| Judical Effectiveness Index | 36.4 | 39.6 |
| Business Freedom Index | 58 | 47.3 |
| Fiscal Health Index | 46.6 | 90.6 |
| Labor Freedom Index | 53.7 | 44.6 |
| Investment Freedom Index | 60 | 55 |
| Financial Freedom Index | 50 | 50 |
| Trade Freedom Index | 49.4 | 73.6 |
| Monetary Freedom Index | 84.3 | 72.7 |
| Government Spending Index | 84.2 | 91.5 |
| Tax Burden Index | 69 | 90.7 |
| Government Integrity Index | 29.6 | 25 |
| Corruption Perceptions Index | 40 | 25 |
| Life expectancy at birth, years | 61.2 | 66.3 |
| Suicide mortality rate, per 100,000 people | 9.9 | 3.9 |
| Mortality caused by road traffic injury, per 100,000 people | 27.5 | 28.6 |
| Intentional homicides, per 100,000 people | 1.1 | 7.7 |
| International tourism, number of arrivals | 295k | 291k |
Government debt & reserves
| Stat | Benin | Madagascar |
|---|---|---|
| Central government debt, % of GDP | 54.6% | 39.7% |
| External debt stocks, % of GNI | 35.9% | 31.8% |
| External debt stocks | $3.7B | $3.7B |
| Short-term debt, % of total reserves | N/A | 15.6% |
| Total debt service, % of exports and primary income | 7.8% | 2.7% |
| Adjusted net savings including particulate emission damage, % of GNI | -3.4% | 7.7% |
| Gross savings, % of GDP | 12.3% | 18.6% |
| Gross capital formation, % of GDP | 25.8% | 19.6% |
| Total reserves including gold | N/A | $1.7B |
| Foreign direct investment net inflows | $207.5M | $612M |
Exports, imports and economic structure
| Stat | Benin | Madagascar |
|---|---|---|
| Exports of goods and services, % of GDP | 35.4% | 28.7% |
| Imports of goods and services, % of GDP | 44.2% | 33.8% |
| Current account balance (balance of payments) | -$927.3M | $80.1M |
| Revenue excluding grants, % of GDP | 12.9% | 11.4% |
| Grants excluding technical cooperation, BoP | $328.1M | $373.7M |
| Personal remittances received | $198.7M | $425.5M |
| Industry including construction value added, % of GDP | 21.5% | 23.1% |
| Agriculture, forestry and fishing value added, % of GDP | 22.6% | 23.8% |
| Charges for the use of intellectual property, payments BoP | $18k | $17.1M |
| Charges for the use of intellectual property, receipts BoP | $877 | $4.5M |
| Expense, % of GDP | N/A | 9.8% |
| Government Expenditure, % of GDP | 23% | 16.8% |
