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In 2018, GDP per capita based on PPP for Benin was 2,420 international dollars. Over the last 20 years, GDP per capita based on PPP of Benin grew substantially from 1,262 to 2,420 international dollars rising at an increasing annual rate that reached a maximum of 6.32 % in 2018.The description is composed by our digital data assistant.
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.