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Benin - Gross domestic product based on purchasing-power-parity in current prices

27.72 (billion international dollars) in 2018

In 2018, GDP based on PPP for Benin was 27.72 billion international dollars. Over the last 20 years, GDP based on PPP of Benin grew substantially from 8.41 to 27.72 billion international dollars rising at an increasing annual rate that reached a maximum of 9.07 % in 2013 and then decreased to 8.95 % in 2018.

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What is GDP based on PPP?

GDP (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. A purchasing power parity (PPP) between two countries, A and B, is the ratio of the number of units of country A’s currency needed to purchase in country A the same quantity of a specific good or service as one unit of country B’s currency will purchase in country B. PPPs can be expressed in the currency of either of the countries. In practice, they are usually computed among large numbers of countries and expressed in terms of a single currency, with the U.S. dollar (US$) most commonly used as the base or "numeraire" currency.

What is Benin GDP based on PPP?

Date Value Change, %
2018 27.72 8.95 %
2017 25.44 7.84 %
2016 23.59 5.11 %
2015 22.45 3.19 %
2014 21.75 8.36 %
2013 20.07 9.07 %
2012 18.40 6.83 %
2011 17.23 5.11 %
2010 16.39 3.30 %
2009 15.87 3.11 %
2008 15.39 6.94 %
2007 14.39

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