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Economy of Benin vs Malaysia compared: GDP & Debt

Updated on by Georank

Benin has a GDP of $24.6B compared to $472B for Malaysia, ranking 124/197 and 35/197 by economy size, respectively.

Benin has $14.1B in government debt (57.3% of GDP), compared to $334B (70.7% of GDP) in Malaysia.

Benin vs Malaysia GDP by year

Benin
Malaysia
1x
Year GDP, current $
Benin Malaysia
2025 $24,566,420,904 $472,193,128,645
2024 $21,482,643,706 $422,227,005,429
2023 $19,673,291,004 $399,949,418,753
2022 $17,425,405,091 $407,830,525,990
2021 $17,687,623,530 $373,784,553,030
2020 $15,686,741,884 $337,456,163,961
2019 $14,391,686,313 $365,177,721,022
2018 $14,262,408,090 $358,788,845,713
2017 $12,701,655,837 $319,109,094,160
2016 $11,821,065,853 $301,256,033,870
2015 $11,388,160,997 $301,355,266,965
2014 $13,284,527,847 $338,066,095,097
2013 $12,517,845,124 $323,276,235,524
2012 $11,141,358,116 $314,443,047,642
2011 $10,693,321,364 $297,951,668,675
2010 $9,535,345,016 $255,017,638,456
2009 $9,738,626,517 $202,257,453,037
2008 $9,787,734,526 $230,811,614,370
2007 $8,169,048,383 $193,549,569,478
2006 $7,034,111,315 $162,692,258,307
2005 $6,567,654,954 $143,534,405,819
2004 $6,190,270,380 $124,749,473,684
2003 $5,349,258,094 $110,202,368,421
2002 $4,194,342,686 $100,845,526,316
2001 $3,666,222,635 $92,783,947,368
2000 $3,519,991,440 $93,789,736,842
1999 $3,677,393,999 $79,148,421,053
1998 $2,455,092,686 $72,167,498,981
1997 $2,268,301,646 $100,005,323,302
1996 $2,361,116,449 $100,855,393,910
1995 $2,169,627,138 $88,705,342,903
1994 $1,598,075,944 $74,478,356,958
1993 $2,274,558,083 $66,894,966,969
1992 $1,695,315,306 $59,167,550,163
1991 $1,986,437,797 $49,143,148,094
1990 $1,959,965,330 $44,024,585,240
1989 $1,502,294,416 $38,847,965,293
1988 $1,620,246,084 $35,272,109,220
1987 $1,562,412,228 $32,181,210,158
1986 $1,336,102,025 $27,734,111,400
1985 $1,045,712,789 $31,199,633,353
1984 $1,051,134,009 $33,942,897,422
1983 $1,095,348,199 $30,347,442,111
1982 $1,267,778,670 $26,804,493,635
1981 $1,291,120,188 $25,004,285,792
1980 $1,405,251,847 $24,488,224,677
1979 $1,186,231,020 $21,213,264,962
1978 $928,843,469 $16,358,079,862
1977 $750,049,779 $13,139,488,633
1976 $698,408,262 $11,050,234,599
1975 $676,870,140 $9,298,800,799
1974 $554,654,861 $9,496,204,302
1973 $504,376,074 $7,662,902,678
1972 $410,331,857 $5,043,347,250
1971 $335,073,028 $4,244,395,956
1970 $333,627,713 $3,864,145,667
1969 $330,748,245 $3,664,552,041
1968 $326,323,105 $3,330,371,551
1967 $306,221,953 $3,188,924,677
1966 $302,925,235 $3,143,517,944
1965 $289,908,680 $2,956,337,669
1964 $269,819,006 $2,674,423,922
1963 $253,927,697 $2,510,110,348
1962 $236,434,954 $2,001,489,602
1961 $235,668,221 $1,901,856,123
1960 $226,195,578 $1,916,229,477

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

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

GDP per capita in Benin vs Malaysia by year

Benin
GDP per capita

GDP per capita, PPP
Malaysia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Benin Malaysia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,658 - $13,125 -
2024 $1,485 $4,435 $11,874 $38,779
2023 $1,394 $4,130 $11,386 $36,467
2022 $1,266 $3,844 $11,755 $34,420
2021 $1,319 $3,464 $10,903 $29,823
2020 $1,200 $3,245 $9,958 $27,475
2019 $1,131 $3,149 $10,920 $28,934
2018 $1,152 $2,965 $10,902 $27,794
2017 $1,055 $2,886 $9,863 $26,416
2016 $1,011 $2,842 $9,477 $25,286
2015 $1,002 $2,725 $9,649 $24,526
2014 $1,204 $2,670 $11,013 $24,307
2013 $1,169 $2,512 $10,714 $23,161
2012 $1,072 $2,346 $10,601 $22,639
2011 $1,059 $2,265 $10,217 $21,324
2010 $973 $2,220 $8,899 $20,193
2009 $1,024 $2,213 $7,191 $18,923
2008 $1,061 $2,215 $8,372 $19,480
2007 $912 $2,136 $7,169 $18,617
2006 $809 $2,021 $6,158 $17,426
2005 $779 $1,946 $5,556 $16,371
2004 $759 $1,915 $4,939 $15,416
2003 $676 $1,842 $4,465 $14,387
2002 $546 $1,800 $4,184 $13,656
2001 $492 $1,746 $3,944 $13,072
2000 $487 $1,671 $4,084 $13,027
1999 $525 $1,592 $3,528 $11,980
1998 $362 $1,537 $3,294 $11,398
1997 $345 $1,508 $4,679 $12,469
1996 $369 $1,444 $4,837 $11,709
1995 $348 $1,395 $4,363 $10,720
1994 $262.1 $1,316 $3,758 $9,806
1993 $387 $1,311 $3,462 $9,018
1992 $302 $1,265 $3,141 $8,224
1991 $365 $1,239 $2,679 $7,583
1990 $371 $1,186 $2,469 $6,887
1989 $293.3 - $2,244 -
1988 $326 - $2,100 -
1987 $324 - $1,977 -
1986 $285.8 - $1,760 -
1985 $230.4 - $2,046 -
1984 $238.6 - $2,300 -
1983 $256 - $2,124 -
1982 $305 - $1,938 -
1981 $320 - $1,866 -
1980 $358 - $1,886 -
1979 $311 - $1,680 -
1978 $249.8 - $1,327 -
1977 $207 - $1,092 -
1976 $197.7 - $940 -
1975 $196.5 - $811 -
1974 $164.9 - $848 -
1973 $153.6 - $701 -
1972 $127.9 - $472 -
1971 $106.9 - $407 -
1970 $108.8 - $380 -
1969 $110.3 - $368 -
1968 $111.2 - $342 -
1967 $106.6 - $335 -
1966 $107.6 - $339 -
1965 $105.1 - $326 -
1964 $99.8 - $303 -
1963 $95.7 - $291.8 -
1962 $90.8 - $238.8 -
1961 $92.1 - $232.9 -
1960 $89.9 - $240.8 -

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

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

Benin's GDP per capita is $1,658, ranking 162/197, compared to $13,125 in Malaysia, ranking 78/197. Adjusted for purchasing power (GDP per capita PPP), Benin ranks 162nd at $4,435, while Malaysia ranks 60th at $38,779.

Economic indicators

Benin Malaysia
Gross domestic product
$24.6B
2025
$472B
2025
GDP rank
124/197
2025
35/197
2025
GDP growth
8.07%
2024-2025
5.17%
2024-2025
GDP per capita
$1,658
2025
$13,125
2025
GDP per capita rank
162/197
2025
78/197
2025
GDP per capita, PPP
$4,435
2024
$38,779
2024
GDP per capita PPP rank
162/197
2024
60/197
2024
Government debt
$14.1B
2025
$334B
2025
Debt-to-GDP ratio
57.3%
2025
70.7%
2025
Government debt per person
$950
2025
$9,273
2025
Government debt per person rank
145/185
2025
62/185
2025
Average annual personal income after taxes
$1,056
2026
$11,034
2026
Market capitalization of domestic companies n/a
$487B
2025
Number of billionaires n/a
19
2026
Income share by richest 10%
27.2%
2021
30.9%
2021
Income share by poorest 10%
3.1%
2021
2.3%
2021
Government expenditure, % of GDP
18.5%
2025
23.4%
2025
Consumer prices inflation
1.1%
2024-2025
1.38%
2024-2025
Central bank interest rate n/a
2.75%
2025
Unemployment rate
1.69%
2022
3.9%
2022
Population
15358725
36600906

Spending and national debt comparison by year

Benin
Spending

Debt
Malaysia
Spending

Debt
1x
Year % of GDP
Benin Malaysia
Government spending Government debt Government spending Government debt
2025 18.5% 57.3% 23.4% 70.7%
2024 18.2% 60.5% 24% 69.8%
2023 19.3% 61.3% 25% 69.7%
2022 20% 59.7% 24.6% 65.5%
2021 20% 55.6% 24.5% 69.2%
2020 19.1% 46.1% 25% 67.7%
2019 14.3% 40.4% 23.6% 57.1%
2018 16.5% 40.8% 22.8% 55.6%
2017 17.7% 39.4% 22% 54.4%
2016 15.4% 35.9% 22.9% 55.8%
2015 18.2% 30.9% 24.7% 57%
2014 14.2% 22.3% 26% 55.4%
2013 14.9% 18.5% 27.8% 55.7%
2012 14.2% 19.5% 28.5% 53.8%
2011 14.7% 21.9% 27.1% 51.9%
2010 14.1% 21% 26.6% 51.2%
2009 17% 18.7% 30.9% 50.4%
2008 14.5% 18.3% 26.9% 39.4%
2007 15.8% 14.3% 25.9% 39.3%
2006 13% 8.37% 25.6% 39.7%
2005 14.1% 27% 24.5% 40.8%
2004 13.4% 21.5% 25.9% 42%
2003 13.7% 23.4% 28.1% 41.4%
2002 15.3% 30.8% 27.1% 39.5%
2001 15.4% 38% 28.2% 38.1%
2000 15.6% 39.6% 25.6% 32.5%
1999 10.7% 39.4% 24.6% 34.4%
1998 14.9% 53.6% 23.1% 33.6%
1997 17.3% 42.9% 21.2% 29.6%
1996 18.2% 43.4% 22.4% 32.8%
1995 20.2% 48.3% 22.6% 38.2%
1994 18.5% 64.6% 23.3% 43.7%
1993 16.4% 41.9% 24.6% 51.1%
1992 18.4% 41.8% 28.2% 59.1%
1991 17.2% 44% 27.4% 67.3%
1990 18.1% 45.3% 30.5% 74.1%
1989 17.1% 50.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1989–1997, retrieved 2026-07-08).

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

In 2025, Benin's government spending was $4.54B, accounting for 18.5% of its GDP, while Malaysia spent $111B, or 23.4% of GDP.

Debt-to-GDP ratio is 57.3% in Benin and 70.7% in Malaysia, ranking 83/185 and 56/185, respectively.

Government deficit by year

Deficit/surplus
Benin

Malaysia
1x
Year Deficit/surplus, % of GDP
Benin Malaysia
2025 -2.9% -3.54%
2024 -3.06% -3.45%
2023 -4.13% -4.11%
2022 -5.55% -4.56%
2021 -2.53% -6.03%
2020 -4.68% -4.9%
2019 -0.53% -2.01%
2018 -2.96% -2.64%
2017 -4.18% -2.41%
2016 -4.29% -2.6%
2015 -5.55% -2.55%
2014 -1.65% -2.63%
2013 -1.37% -3.48%
2012 -0.22% -3.1%
2011 -0.98% -3.57%
2010 -0.28% -4.32%
2009 -2.24% -5.88%
2008 -0.04% -3.4%
2007 0.22% -2.57%
2006 -0.15% -2.6%
2005 -1.52% -2.83%
2004 -0.7% -3.35%
2003 -1.07% -4.6%
2002 -3.33% -3.96%
2001 -3.27% -4.36%
2000 -3.69% -6.05%
1999 1.94% -3%
1998 2.5% -0.63%
1997 0.64% 4.84%
1996 -0.15% 3.27%
1995 -2.61% 3.1%
1994 -2.14% 5.45%
1993 -0.56% 3.44%
1992 -2.71% 1.81%
1991 -3.08% 1.6%
1990 -3.24% 0.15%
1989 0.89% -

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

GeoRank.org/economy/benin/malaysia | 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 Malaysia's deficit of $16.7B, or 3.54% of GDP.

Over the past 36 years, Benin recorded a fiscal deficit in 32 of those years, while Malaysia ran a deficit in 28 years. On average, Benin posted an annual deficit equal to 1.95% of GDP, compared to deficit of 2.1% of GDP for Malaysia.

Inflation comparison by year

Inflation
Benin

Malaysia
1x
Year Consumer prices inflation
Benin Malaysia
2025 1.1% 1.38%
2024 1.2% 1.83%
2023 2.7% 2.49%
2022 1.4% 3.38%
2021 1.7% 2.48%
2020 3% -1.14%
2019 -0.9% 0.66%
2018 0.8% 0.88%
2017 1.8% 3.87%
2016 -0.8% 2.09%
2015 0.2% 2.1%
2014 -0.6% 3.14%
2013 0.4% 2.11%
2012 6.7% 1.66%
2011 2.7% 3.17%
2010 2.1% 1.62%
2009 0.9% 0.58%
2008 7.4% 5.44%
2007 1.3% 2.03%
2006 3.8% 3.61%
2005 5.4% 2.98%
2004 0.9% 1.42%
2003 1.5% 1.09%
2002 2.4% 1.81%
2001 4% 1.42%
2000 4.2% 1.53%
1999 0.3% 2.74%
1998 5.8% 5.27%
1997 3.8% 2.66%

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

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

Over the past 29 years, Benin has recorded an average annual inflation rate of 2.25%, compared with 2.22% in Malaysia. In 2025, inflation was 1.1% in Benin and 1.38% in Malaysia.

Top exports between countries

Benin
Export category Export value
Processed food, beverages & tobacco $8.5M
Textiles & consumer goods $7M
Raw materials & minerals $4.6M
Animal & marine products $700K
Raw agricultural goods $578K
Machinery & equipment $479K
Chemicals & pharma $160K
Wood & paper products $17K
Malaysia
Export category Export value
Processed food, beverages & tobacco $98.3M
Animal & marine products $6.26M
Machinery & equipment $4.2M
Metals $2.74M
Textiles & consumer goods $2.09M
Chemicals & pharma $736K
Raw materials & minerals $410K
Precious metals & jewellery $30K
Raw agricultural goods $14K
Miscellaneous $5K

Balance of trade

Benin Malaysia
Current account balance
-$1.61B
2023
$7.15B
2024
Current account balance ranking
132/190
2023
29/190
2024
Current account balance, % of GDP
-8.18%
2023
+1.69%
2024
Goods imports
$4.65B
2023
$223B
2024
Goods exports
$4.05B
2023
$248B
2024
Service imports
$1.54B
2023
$56.4B
2024
Service exports
$461M
2023
$53.4B
2024
Imports of goods and services, % of GDP
20.1%
2025
65.4%
2025
Exports of goods and services, % of GDP
17.1%
2025
71%
2025

Economic freedom indices

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

Benin Malaysia
Economic freedom 60 68
Economic freedom ranking 96/197 51/197
Property rights 46.4 62.7
Government integrity 44.1 52.9
Judicial effectiveness 47.7 63.4
Tax burden 69.4 83.5
Government spending 89.1 82
Fiscal health 65.4 62.5
Business freedom 53.3 79.6
Labor freedom 60.2 55.4
Monetary freedom 82.1 80.8
Trade freedom 62.6 83
Investment freedom 50 60
Financial freedom 50 50

Economic freedom comparison by year

Benin
Malaysia
1x
Year Economic freedom index
Benin Malaysia
2026 60 68
2025 58.5 67.1
2024 57.7 65.7
2023 59.8 67.3
2022 61 68.1
2021 59.6 74.4
2020 55.2 74.7
2019 55.3 74
2018 56.7 74.5
2017 59.2 73.8
2016 59.3 71.5
2015 58.8 70.8
2014 57.1 69.6
2013 57.6 66.1
2012 55.7 66.4
2011 56 66.3
2010 55.4 64.8
2009 55.4 64.6
2008 55.2 63.9
2007 55.1 63.8
2006 54 61.6
2005 52.3 61.9
2004 54.6 59.9
2003 54.9 61.1
2002 57.3 60.1
2001 60.1 60.2
2000 61.5 66
1999 60.6 68.9
1998 61.7 68.2
1997 61.3 66.8
1996 54.5 69.9
1995 - 71.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Benin is 60, ranking 96/197, compared to 68 for Malaysia, ranking 51/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Benin Malaysia
Services, % of GDP
50.1%
2025
54.8%
2025
Industry, % of GDP
17.5%
2025
35.7%
2025
Agriculture, forestry, and fishing, % of GDP
22.9%
2025
8.22%
2025
GNI, Atlas method
$23.7B
2025
$445B
2025
GNI per capita, PPP
$4,760
2025
$40,070
2025
Total reserves including gold n/a
$126B
2025
Total reserves ranking n/a
25/177
2025
Net foreign direct investment
-$430M
2023
-$2.55B
2024
Net inflows of foreign direct investment
$543M
2024
$15.6B
2024
Net outflows of foreign direct investment
$60.3M
2024
$13B
2024
Servicing debt to the IMF, % of GNI
5.38%
2024
n/a
Poverty at national poverty lines
36.2%
2021
5.1%
2023
Gross capital formation, % of GDP
35.8%
2025
20.5%
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/malaysia | 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 (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2020–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1989–1997, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.