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Economy of Benin vs Yemen compared: GDP & Debt

Updated on by Georank team

Benin has a GDP of $21.5B compared to $21.6B for Yemen, ranking 126/197 and 125/197 by economy size, respectively.

Benin has $11.5B in government debt (53.4% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Benin vs Yemen GDP by year

Benin
Yemen
1x
Year GDP, current $
Benin Yemen
2024 $21,482,643,706 -
2023 $19,673,291,004 -
2022 $17,425,405,091 -
2021 $17,687,623,530 -
2020 $15,686,741,884 -
2019 $14,391,686,313 -
2018 $14,262,408,090 $21,606,160,663
2017 $12,701,655,837 $26,842,229,045
2016 $11,821,065,853 $31,317,825,274
2015 $11,388,160,997 $42,444,490,074
2014 $13,284,527,847 $43,228,585,321
2013 $12,517,845,124 $40,415,233,436
2012 $11,141,358,116 $35,401,331,610
2011 $10,693,321,364 $32,726,417,878
2010 $9,535,345,016 $30,906,749,533
2009 $9,738,626,517 $25,130,278,213
2008 $9,787,734,526 $26,910,855,807
2007 $8,169,048,383 $21,650,528,674
2006 $7,034,111,315 $19,063,143,370
2005 $6,567,654,954 $16,731,566,717
2004 $6,190,270,380 $13,867,634,371
2003 $5,349,258,094 $11,777,532,662
2002 $4,194,342,686 $10,693,430,511
2001 $3,666,222,635 $9,852,990,693
2000 $3,519,991,440 $9,679,316,770
1999 $3,677,393,999 $7,639,325,296
1998 $2,455,092,686 $6,322,175,566
1997 $2,268,301,646 $6,838,298,531
1996 $2,361,116,449 $6,496,163,616
1995 $2,169,627,138 $12,796,345,679
1994 $1,598,075,944 $28,019,483,764
1993 $2,274,558,083 $21,736,802,664
1992 $1,695,315,306 $17,959,367,194
1991 $1,986,437,797 $14,665,445,462
1990 $1,959,965,330 $12,643,821,569
1989 $1,502,294,416 -
1988 $1,620,246,084 -
1987 $1,562,412,228 -
1986 $1,336,102,025 -
1985 $1,045,712,789 -
1984 $1,051,134,009 -
1983 $1,095,348,199 -
1982 $1,267,778,670 -
1981 $1,291,120,188 -
1980 $1,405,251,847 -
1979 $1,186,231,020 -
1978 $928,843,469 -
1977 $750,049,779 -
1976 $698,408,262 -
1975 $676,870,140 -
1974 $554,654,861 -
1973 $504,376,074 -
1972 $410,331,857 -
1971 $335,073,028 -
1970 $333,627,713 -
1969 $330,748,245 -
1968 $326,323,105 -
1967 $306,221,953 -
1966 $302,925,235 -
1965 $289,908,680 -
1964 $269,819,006 -
1963 $253,927,697 -
1962 $236,434,954 -
1961 $235,668,221 -
1960 $226,195,578 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Benin vs Yemen by year

Benin
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Benin Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,485 $4,435 - -
2023 $1,394 $4,130 - -
2022 $1,266 $3,844 - -
2021 $1,319 $3,464 - -
2020 $1,200 $3,245 - -
2019 $1,131 $3,149 - -
2018 $1,152 $2,965 $634 -
2017 $1,055 $2,886 $811 -
2016 $1,011 $2,842 $975 -
2015 $1,002 $2,725 $1,362 -
2014 $1,204 $2,670 $1,430 -
2013 $1,169 $2,512 $1,379 $3,164
2012 $1,072 $2,346 $1,245 $3,005
2011 $1,059 $2,265 $1,186 $3,113
2010 $973 $2,220 $1,155 $3,603
2009 $1,024 $2,213 $969 $3,411
2008 $1,061 $2,215 $1,072 $3,370
2007 $912 $2,136 $890 $3,294
2006 $809 $2,021 $810 $3,205
2005 $779 $1,946 $734 $3,113
2004 $759 $1,915 $628 $2,949
2003 $676 $1,842 $549 $2,844
2002 $546 $1,800 $513 $2,768
2001 $492 $1,746 $487 $2,702
2000 $487 $1,671 $493 $2,624
1999 $525 $1,592 $401 $2,492
1998 $362 $1,537 $343 $2,442
1997 $345 $1,508 $383 $2,351
1996 $369 $1,444 $375 $2,268
1995 $348 $1,395 $764 $2,201
1994 $262.1 $1,316 $1,735 $2,115
1993 $387 $1,311 $1,397 $2,013
1992 $302 $1,265 $1,198 $1,963
1991 $365 $1,239 $1,016 $1,843
1990 $371 $1,186 $910 $1,742
1989 $293.3 - - -
1988 $326 - - -
1987 $324 - - -
1986 $285.8 - - -
1985 $230.4 - - -
1984 $238.6 - - -
1983 $256 - - -
1982 $305 - - -
1981 $320 - - -
1980 $358 - - -
1979 $311 - - -
1978 $249.8 - - -
1977 $207 - - -
1976 $197.7 - - -
1975 $196.5 - - -
1974 $164.9 - - -
1973 $153.6 - - -
1972 $127.9 - - -
1971 $106.9 - - -
1970 $108.8 - - -
1969 $110.3 - - -
1968 $111.2 - - -
1967 $106.6 - - -
1966 $107.6 - - -
1965 $105.1 - - -
1964 $99.8 - - -
1963 $95.7 - - -
1962 $90.8 - - -
1961 $92.1 - - -
1960 $89.9 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Benin's GDP per capita is $1,485, ranking 162/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Benin ranks 162nd at $4,435, while Yemen ranks 178th at $3,164.

Economic indicators

Benin Yemen
Gross domestic product
$21.5B
2024
$21.6B
2018
GDP rank
126/197
2024
125/197
2018
GDP growth
7.45%
2023-2024
0.75%
2017-2018
GDP per capita
$1,485
2024
$634
2018
GDP per capita rank
162/197
2024
191/197
2018
GDP per capita, PPP
$4,435
2024
$3,164
2013
GDP per capita PPP rank
162/197
2024
178/197
2013
Government debt
$11.5B
2024
$18.8B
2018
Debt-to-GDP ratio
53.4%
2024
70.9%
2024
Government debt per person
$794
2024
$551
2018
Government debt per person rank
151/185
2024
165/185
2018
Average annual personal income after taxes
$1,091
2026
$1,127
2026
Income share by richest 10%
27.2%
2021
29.4%
2014
Income share by poorest 10%
3.1%
2021
3%
2014
Government expenditure, % of GDP
18.1%
2024
8.91%
2024
Consumer prices inflation
1.2%
2023-2024
33.9%
2023-2024
Unemployment rate
1.69%
2022
13.5%
2014
Population
15272847
43325643

Spending and national debt comparison by year

Benin
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Benin Yemen
Government spending Government debt Government spending Government debt
2024 18.1% 53.4% 8.91% 70.9%
2023 19.2% 54.9% 11.8% 77.9%
2022 19.9% 54.2% 12.2% 65.3%
2021 19.9% 50.3% 8.22% 75.9%
2020 19.1% 46.1% 10.6% 87%
2019 14.3% 40.4% 13.2% 91.5%
2018 16.5% 40.8% 14.3% 86.9%
2017 17.7% 39.4% 8.39% 83.8%
2016 15.4% 35.9% 16.1% 76.5%
2015 18.2% 30.9% 19.4% 57.7%
2014 14.2% 22.3% 27.8% 48.9%
2013 14.9% 18.5% 30.8% 48.4%
2012 14.2% 19.5% 36.2% 47.6%
2011 14.7% 21.9% 29.8% 45.7%
2010 14.1% 21% 30.2% 42.4%
2009 17% 18.7% 35.2% 49.8%
2008 14.5% 18.3% 41.2% 36.4%
2007 15.8% 14.3% 40.3% 40.4%
2006 13% 8.37% 37.4% 40.8%
2005 14.1% 27% 36.8% 43.8%
2004 13.4% 21.5% 34.2% 52.1%
2003 13.7% 23.4% 35.3% 56.8%
2002 15.3% 30.8% 30.8% 57.8%
2001 15.4% 38% 30.5% 60.6%
2000 15.6% 39.6% 31.7% 60.8%
1999 10.7% 39.4% 28.2% 96.1%
1998 10.9% 39.2% 34.3% 110.6%
1997 12.7% 42.9% 34.2% 74.2%
1996 13.3% 43.4% 30.7% 114.9%
1995 14.8% 48.3% 24.1% 84.1%
1994 13.6% 64.6% 25.2% 73.3%
1993 12% 41.9% 25.8% 76.7%
1992 13.5% 41.8% 24.6% 78%
1991 12.6% 44% 24.7% 82.7%
1990 13.3% 45.3% 26.6% 91.6%
1989 17.1% 50.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989–1998, retrieved 2026-02-20).

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

In 2024, Benin's government spending was $3.88B, accounting for 18.1% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 53.4% in Benin and 70.9% in Yemen, ranking 99/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Benin

Yemen
1x
Year Deficit/surplus, % of GDP
Benin Yemen
2024 -3.06% -2.48%
2023 -4.13% -5.63%
2022 -5.55% -2.15%
2021 -5.71% -0.89%
2020 -4.68% -4.3%
2019 -0.53% -5.89%
2018 -2.96% -7.85%
2017 -4.18% -4.9%
2016 -4.29% -8.51%
2015 -5.55% -8.75%
2014 -1.65% -4.14%
2013 -1.37% -6.9%
2012 -0.22% -6.32%
2011 -0.98% -4.51%
2010 -0.28% -4.06%
2009 -2.24% -10.2%
2008 -0.04% -4.53%
2007 0.22% -7.18%
2006 -0.15% 1.19%
2005 -1.52% -1.82%
2004 -0.7% -2.15%
2003 -1.07% -4.2%
2002 -3.33% -0.56%
2001 -3.27% 2.79%
2000 -3.69% 6.09%
1999 1.94% 0.06%
1998 1.83% -7.77%
1997 0.47% -1.5%
1996 -0.11% -0.92%
1995 -1.91% -5.74%
1994 -1.57% -14%
1993 -0.41% -12.8%
1992 -1.98% -10.9%
1991 -2.25% -5.76%
1990 -2.37% -10.3%
1989 0.89% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989, retrieved 2026-02-20).

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

In 2018, Benin's government deficit, the difference between spending and revenue, was $422M, equivalent to 2.96% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 29 years, Benin recorded a fiscal deficit in 25 of those years, while Yemen ran a deficit in 25 years. On average, Benin posted an annual deficit equal to 1.5% of GDP, compared to deficit of 5.04% of GDP for Yemen.

Inflation comparison by year

Inflation
Benin

Yemen
1x
Year Consumer prices inflation
Benin Yemen
2024 1.2% 33.9%
2023 2.7% 0.9%
2022 1.4% 29.5%
2021 1.7% 31.5%
2020 3% 21.7%
2019 -0.9% 15.7%
2018 0.8% 33.6%
2017 1.8% 30.4%
2016 -0.8% 21.3%
2015 0.2% 22%
2014 -0.6% 8.2%
2013 0.4% 11%
2012 6.7% 9.9%
2011 2.7% 19.5%
2010 2.1% 11.2%
2009 0.9% 3.7%
2008 7.4% 19%
2007 1.3% 7.9%
2006 3.8% 10.8%
2005 5.4% 9.9%
2004 0.9% 12.5%
2003 1.5% 10.8%
2002 2.4% 12.2%
2001 4% 11.9%
2000 4.2% 11%
1999 0.3% 7.9%
1998 5.8% 11.5%
1997 3.8% 4.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Benin has recorded an average annual inflation rate of 2.29%, compared with 15.5% in Yemen. In 2024, inflation was 1.2% in Benin and 33.9% in Yemen.

Balance of trade

Benin Yemen
Current account balance
-$1.61B
2023
-$2.42B
2016
Current account balance ranking
135/190
2023
148/190
2016
Current account balance, % of GDP
-8.18%
2023
-7.72%
2016
Goods imports
$4.65B
2023
$6.8B
2016
Goods exports
$4.05B
2023
$473M
2016
Service imports
$1.54B
2023
$1.46B
2016
Service exports
$461M
2023
$466M
2016
Imports of goods and services, % of GDP
21.8%
2024
47.3%
2018
Exports of goods and services, % of GDP
18.8%
2024
8.76%
2018

Economic freedom indices

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

Benin Yemen
Economic freedom 60 53.7
Economic freedom ranking 96/197 138/197
Property rights 46.4 3.5
Government integrity 44.1 6.2
Judicial effectiveness 47.7 9.9
Tax burden 69.4 93.7
Government spending 89.1 0
Fiscal health 65.4 71.2
Business freedom 53.3 31.3
Labor freedom 60.2 31.2
Monetary freedom 82.1 48.1
Trade freedom 62.6 67.4
Investment freedom 50 50
Financial freedom 50 30

Economic freedom comparison by year

Benin
Yemen
1x
Year Economic freedom index
Benin Yemen
2026 60 -
2025 58.5 -
2024 57.7 -
2023 59.8 -
2022 61 -
2021 59.6 -
2020 55.2 -
2019 55.3 -
2018 56.7 -
2017 59.2 -
2016 59.3 -
2015 58.8 53.7
2014 57.1 55.5
2013 57.6 55.9
2012 55.7 55.3
2011 56 54.2
2010 55.4 54.4
2009 55.4 56.9
2008 55.2 53.8
2007 55.1 54.1
2006 54 52.6
2005 52.3 53.8
2004 54.6 50.5
2003 54.9 50.3
2002 57.3 48.6
2001 60.1 44.3
2000 61.5 44.5
1999 60.6 43.3
1998 61.7 46.1
1997 61.3 48.4
1996 54.5 49.6
1995 - 49.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Benin is 60, ranking 96/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Benin Yemen
Services, % of GDP
48.9%
2024
41.8%
2018
Industry, % of GDP
17.4%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
24.2%
2024
28.7%
2018
GNI, Atlas method
$20.6B
2024
$25.3B
2018
GNI per capita, PPP
$4,390
2024
$3,020
2013
Total reserves including gold n/a
$1.25B
2022
Total reserves ranking n/a
139/177
2022
Net foreign direct investment
-$430M
2023
$15.4M
2015
Net inflows of foreign direct investment
$543M
2024
-$371M
2019
Net outflows of foreign direct investment
$60.3M
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.38%
2024
0.53%
2018
Poverty at national poverty lines
36.2%
2021
48.6%
2014
Gross capital formation, % of GDP
35.1%
2024
6.18%
2018

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1989–1998, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.