Benin vs Somalia: Economic Indicators Comparison

Benin with a GDP of $10.4B ranked the 143rd largest economy in the world, while Somalia ranked 159th with $4.7B. By GDP 5-years average growth and GDP per capita, Benin and Somalia ranked 34th vs 97th and 173rd vs 196th, respectively.

Gross Domestic Product & Income

Stat	Benin	Somalia
GDP	$10.4B	$4.7B
GDP growth, 1 year	6.5%	3.1%
GDP growth, 5-years average	5%	2.9%
Population	11.2M	11M
GDP per capita	$902	$315
GDP per capita growth	3.98%	-2.74%
Purchasing Power Parity conversion factor	206.52	11427.68
Price level ratio of PPP conversion factor GDP to market exchange rate	0.37	N/A
GDP per capita, PPP adjusted	$2.4k	$500
GNI, Atlas method	$10B	$959.2M
GNI per capita	$870	$130
GNI, PPP adjusted	$27.6B	N/A
GNI per capita, PPP adjusted	$2.4k	N/A

Financial system and Human development

Stat	Benin	Somalia
Income Tax Rate	45%	N/A
Corporate Tax Rate	30%	N/A
Inflation, consumer prices	1%	1.5%
Inflation, GDP deflator	0%	215.5%
Unemployment	2.1%	14%
Economic Freedom Index	55.2	29
Personal Freedom Index	7.46	3.6
Human Freedom Index	6.85	3.4
Property Rights Index	41.3	20.1
Judical Effectiveness Index	36.4	26.5
Business Freedom Index	58	31.6
Fiscal Health Index	46.6	N/A
Labor Freedom Index	53.7	N/A
Investment Freedom Index	60	N/A
Financial Freedom Index	50	N/A
Trade Freedom Index	49.4	N/A
Monetary Freedom Index	84.3	N/A
Government Spending Index	84.2	N/A
Tax Burden Index	69	N/A
Government Integrity Index	29.6	13.1
Corruption Perceptions Index	40	10
Life expectancy at birth, years	61.2	56.7
Suicide mortality rate, per 100,000 people	9.9	4.7
Mortality caused by road traffic injury, per 100,000 people	27.5	27.1
Intentional homicides, per 100,000 people	1.1	4.3
International tourism, number of arrivals	295k	N/A

Government debt & reserves

Stat	Benin	Somalia
Central government debt, % of GDP	54.6%	N/A
External debt stocks, % of GNI	35.9%	39.4%
External debt stocks	$3.7B	$2.9B
Short-term debt, % of total reserves	N/A	847.9%
Total debt service, % of exports and primary income	7.8%	47.6%
Adjusted net savings including particulate emission damage, % of GNI	-3.4%	N/A
Gross savings, % of GDP	12.3%	N/A
Gross capital formation, % of GDP	25.8%	15.5%
Total reserves including gold	N/A	$23.1M
Foreign direct investment net inflows	$207.5M	$409M

Exports, imports and economic structure

Stat	Benin	Somalia
Exports of goods and services, % of GDP	35.4%	25.9%
Imports of goods and services, % of GDP	44.2%	99.6%
Current account balance (balance of payments)	-$927.3M	N/A
Revenue excluding grants, % of GDP	12.9%	0%
Grants excluding technical cooperation, BoP	$328.1M	$1.5B
Personal remittances received	$198.7M	$21.7M
Industry including construction value added, % of GDP	21.5%	9.5%
Agriculture, forestry and fishing value added, % of GDP	22.6%	62.7%
Charges for the use of intellectual property, payments BoP	$18k	N/A
Charges for the use of intellectual property, receipts BoP	$877	N/A
Expense, % of GDP	N/A	0%
Government Expenditure, % of GDP	23%	N/A