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

StatBeninSomalia
GDP$10.4B$4.7B
GDP growth, 1 year6.5%3.1%
GDP growth, 5-years average5%2.9%
Population11.2M11M
GDP per capita$902$315
GDP per capita growth3.98%-2.74%
Purchasing Power Parity conversion factor206.5211427.68
Price level ratio of PPP conversion factor GDP to market exchange rate0.37N/A
GDP per capita, PPP adjusted$2.4k$500
GNI, Atlas method$10B$959.2M
GNI per capita$870$130
GNI, PPP adjusted$27.6BN/A
GNI per capita, PPP adjusted$2.4kN/A

Financial system and Human development

StatBeninSomalia
Income Tax Rate45%N/A
Corporate Tax Rate30%N/A
Inflation, consumer prices1%1.5%
Inflation, GDP deflator0%215.5%
Unemployment2.1%14%
Economic Freedom Index55.229
Personal Freedom Index7.463.6
Human Freedom Index6.853.4
Property Rights Index41.320.1
Judical Effectiveness Index36.426.5
Business Freedom Index5831.6
Fiscal Health Index46.6N/A
Labor Freedom Index53.7N/A
Investment Freedom Index60N/A
Financial Freedom Index50N/A
Trade Freedom Index49.4N/A
Monetary Freedom Index84.3N/A
Government Spending Index84.2N/A
Tax Burden Index69N/A
Government Integrity Index29.613.1
Corruption Perceptions Index4010
Life expectancy at birth, years61.256.7
Suicide mortality rate, per 100,000 people9.94.7
Mortality caused by road traffic injury, per 100,000 people27.527.1
Intentional homicides, per 100,000 people1.14.3
International tourism, number of arrivals295kN/A

Government debt & reserves

StatBeninSomalia
Central government debt, % of GDP54.6%N/A
External debt stocks, % of GNI35.9%39.4%
External debt stocks$3.7B$2.9B
Short-term debt, % of total reservesN/A847.9%
Total debt service, % of exports and primary income7.8%47.6%
Adjusted net savings including particulate emission damage, % of GNI-3.4%N/A
Gross savings, % of GDP12.3%N/A
Gross capital formation, % of GDP25.8%15.5%
Total reserves including goldN/A$23.1M
Foreign direct investment net inflows$207.5M$409M

Exports, imports and economic structure

StatBeninSomalia
Exports of goods and services, % of GDP35.4%25.9%
Imports of goods and services, % of GDP44.2%99.6%
Current account balance (balance of payments)-$927.3MN/A
Revenue excluding grants, % of GDP12.9%0%
Grants excluding technical cooperation, BoP$328.1M$1.5B
Personal remittances received$198.7M$21.7M
Industry including construction value added, % of GDP21.5%9.5%
Agriculture, forestry and fishing value added, % of GDP22.6%62.7%
Charges for the use of intellectual property, payments BoP$18kN/A
Charges for the use of intellectual property, receipts BoP$877N/A
Expense, % of GDPN/A0%
Government Expenditure, % of GDP23%N/A

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

Somalia vs

CountryGDP
per capita
Population
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
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Burundi
$272
10.9M