Benin vs Paraguay: Economic Indicators Comparison

Paraguay with a GDP of $40.5B ranked the 94th largest economy in the world, while Benin ranked 143rd with $10.4B. By GDP 5-years average growth and GDP per capita, Paraguay and Benin ranked 50th vs 34th and 104th vs 173rd, respectively.

Gross Domestic Product & Income

StatBeninParaguay
GDP$10.4B$40.5B
GDP growth, 1 year6.5%3.7%
GDP growth, 5-years average5%4.2%
Population11.2M6.8M
GDP per capita$902$5.8k
GDP per capita growth3.98%2.35%
Purchasing Power Parity conversion factor206.522453.78
Price level ratio of PPP conversion factor GDP to market exchange rate0.370.43
GDP per capita, PPP adjusted$2.4k$13k
GNI, Atlas method$10B$39.4B
GNI per capita$870$5.7k
GNI, PPP adjusted$27.6B$91.9B
GNI per capita, PPP adjusted$2.4k$13k

Financial system and Human development

StatBeninParaguay
Income Tax Rate45%10%
Corporate Tax Rate30%10%
Inflation, consumer prices1%4%
Inflation, GDP deflator0%2.1%
Unemployment2.1%4.7%
Economic Freedom Index55.263
Personal Freedom Index7.467.3
Human Freedom Index6.857.02
Property Rights Index41.344.7
Judical Effectiveness Index36.426.4
Business Freedom Index5860.9
Fiscal Health Index46.698
Labor Freedom Index53.729
Investment Freedom Index6075
Financial Freedom Index5060
Trade Freedom Index49.475.4
Monetary Freedom Index84.372.5
Government Spending Index84.288.6
Tax Burden Index6996.1
Government Integrity Index29.629.6
Corruption Perceptions Index4029
Life expectancy at birth, years61.274
Suicide mortality rate, per 100,000 people9.99.5
Mortality caused by road traffic injury, per 100,000 people27.522.7
Intentional homicides, per 100,000 people1.19.3
International tourism, number of arrivals295k1.2M

Government debt & reserves

StatBeninParaguay
Central government debt, % of GDP54.6%21.6%
External debt stocks, % of GNI35.9%39.9%
External debt stocks$3.7B$15.8B
Short-term debt, % of total reservesN/A60%
Total debt service, % of exports and primary income7.8%15.7%
Adjusted net savings including particulate emission damage, % of GNI-3.4%14.5%
Gross savings, % of GDP12.3%23.2%
Gross capital formation, % of GDP25.8%22.4%
Total reserves including goldN/A$7.7B
Foreign direct investment net inflows$207.5M$386.9M

Exports, imports and economic structure

StatBeninParaguay
Exports of goods and services, % of GDP35.4%36%
Imports of goods and services, % of GDP44.2%34.4%
Current account balance (balance of payments)-$927.3M$8.6M
Revenue excluding grants, % of GDP12.9%17.4%
Grants excluding technical cooperation, BoP$328.1M$64.1M
Personal remittances received$198.7M$682.9M
Industry including construction value added, % of GDP21.5%33.9%
Agriculture, forestry and fishing value added, % of GDP22.6%10.4%
Charges for the use of intellectual property, payments BoP$18k$18.5M
Charges for the use of intellectual property, receipts BoP$877$114.1M
Expense, % of GDPN/A15.6%
Government Expenditure, % of GDP23%19.5%

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

Paraguay vs

CountryGDP
per capita
Population
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M