Real GDP Per Capita for Benin
BENNGDPRPCPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.14
Year-over-Year Change
-4.73%
Date Range
1/1/2000 - 1/1/2026
Summary
The Real GDP Per Capita for Benin is an economic indicator that measures the total economic output of Benin divided by its population, adjusted for inflation. It provides insight into the country's standard of living and economic development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This trend represents the real (inflation-adjusted) gross domestic product (GDP) per capita in Benin. It is used by economists and policymakers to analyze the country's economic performance and living standards over time.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
Real GDP per capita is a key metric for evaluating Benin's economic progress and informing policy decisions.
Key Facts
- Benin's real GDP per capita was $2,291 in 2021.
- GDP per capita has grown by over 30% in Benin since 2010.
- Benin's real GDP per capita remains well below the global average.
FAQs
Q: What does this economic trend measure?
A: The Real GDP Per Capita for Benin measures the total economic output of the country divided by its population, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Benin's standard of living and economic development, making it a key indicator for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and population data.
Q: How is this trend used in economic policy?
A: Real GDP per capita is used to evaluate Benin's economic progress and inform policy decisions aimed at improving living standards and driving sustainable growth.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the World Bank's national accounts.
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Citation
U.S. Federal Reserve, Real GDP Per Capita for Benin (BENNGDPRPCPCPPPT), retrieved from FRED.