# Benin: GDP per capita, PPP

* indicates monthly or quarterly data series
Benin

## GDP per capita, Purchasing Power Parity

Latest value 3,829
Year 2023
Measure U.S. dollars
Data availability 1990 - 2023
Average 2,837
Min - Max 2,271 - 3,829
Source The World Bank
The latest value from 2023 is 3829 U.S. dollars, an increase from 3698 U.S. dollars in 2022. In comparison, the world average is 25726 U.S. dollars, based on data from 178 countries. Historically, the average for Benin from 1990 to 2023 is 2837 U.S. dollars. The minimum value, 2271 U.S. dollars, was reached in 1990 while the maximum of 3829 U.S. dollars was recorded in 2023. See the global rankings for that indicator or use the country comparator to compare trends over time.
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GDP per capita in Benin and other countries is calculated as the Gross Domestic Product (GDP) divided by the population.

We show the GDP per capita in Purchasing Power Parity (PPP) terms, i.e. we calculate the GDP per capita in different countries using U.S. prices. The PPP measure is useful to compare income across countries. It allows us to answer the following question: 'What can the average person in some country buy if they paid U.S. prices?'

Moreover, we use constant prices. Using the prices from only one year allows us to compare GDP per capita over time as the effect of inflation is eliminated. Otherwise, we are not sure if the increase in GDP is due to price increases or to a growth in production.

GDP per capita varies considerably across countries. In advanced economies, it exceeds 35,000 dollars per year. In some very poor countries, it is less than 1000 dollars per year.
Definition: GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2011 international dollars.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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Related indicators Latest Reference Measure
Economic growth 6.35 2023 percent
GDP, constant dollars 17.8 2023 billion U.S. dollars
GDP, current U.S. dollars 19.67 2023 billion U.S. dollars
GDP per capita, current dollars 1,434.66 2023 U.S. dollars
GDP per capita, PPP 3,829 2023 U.S. dollars
GDP per capita, constant dollars 1,300.32 2023 U.S. dollars
Economic growth, quarterly 6.60 Q3/2023 percent