Benin vs Nigeria: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while Benin ranked 143rd with $10.4B. By GDP 5-years average growth and GDP per capita, Nigeria and Benin ranked 132nd vs 34th and 149th vs 173rd, respectively.

Gross Domestic Product & Income

StatBeninNigeria
GDP$10.4B$397.3B
GDP growth, 1 year6.5%1.9%
GDP growth, 5-years average5%2%
Population11.2M190.9M
GDP per capita$902$2k
GDP per capita growth3.98%-0.67%
Purchasing Power Parity conversion factor206.52110.03
Price level ratio of PPP conversion factor GDP to market exchange rate0.370.34
GDP per capita, PPP adjusted$2.4k$6k
GNI, Atlas method$10B$384.8B
GNI per capita$870$2k
GNI, PPP adjusted$27.6B$1.1T
GNI per capita, PPP adjusted$2.4k$5.7k

Financial system and Human development

StatBeninNigeria
Income Tax Rate45%24%
Corporate Tax Rate30%30%
Inflation, consumer prices1%12.1%
Inflation, GDP deflator0%10.2%
Unemployment2.1%6%
Economic Freedom Index55.257.2
Personal Freedom Index7.466.01
Human Freedom Index6.856.1
Property Rights Index41.338.1
Judical Effectiveness Index36.432.2
Business Freedom Index5854.7
Fiscal Health Index46.664.1
Labor Freedom Index53.784
Investment Freedom Index6045
Financial Freedom Index5040
Trade Freedom Index49.462.4
Monetary Freedom Index84.361.7
Government Spending Index84.296.2
Tax Burden Index6985.1
Government Integrity Index29.622.3
Corruption Perceptions Index4027
Life expectancy at birth, years61.254
Suicide mortality rate, per 100,000 people9.99.5
Mortality caused by road traffic injury, per 100,000 people27.521.4
Intentional homicides, per 100,000 people1.19.9
International tourism, number of arrivals295k5.3M

Government debt & reserves

StatBeninNigeria
Central government debt, % of GDP54.6%28.4%
External debt stocks, % of GNI35.9%12.4%
External debt stocks$3.7B$47B
Short-term debt, % of total reservesN/A0%
Total debt service, % of exports and primary income7.8%8.3%
Adjusted net savings including particulate emission damage, % of GNI-3.4%1.4%
Gross savings, % of GDP12.3%19.3%
Gross capital formation, % of GDP25.8%19.8%
Total reserves including goldN/A$42.8B
Foreign direct investment net inflows$207.5M$2B

Exports, imports and economic structure

StatBeninNigeria
Exports of goods and services, % of GDP35.4%15.5%
Imports of goods and services, % of GDP44.2%17.5%
Current account balance (balance of payments)-$927.3M$5.3B
Revenue excluding grants, % of GDP12.9%N/A
Grants excluding technical cooperation, BoP$328.1M$2B
Personal remittances received$198.7M$24.3B
Industry including construction value added, % of GDP21.5%25.7%
Agriculture, forestry and fishing value added, % of GDP22.6%21.2%
Charges for the use of intellectual property, payments BoP$18k$252.8M
Charges for the use of intellectual property, receipts BoP$877$7.8M
Expense, % of GDPN/AN/A
Government Expenditure, % of GDP23%11.2%

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

Nigeria vs

CountryGDP
per capita
Population
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
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