Benin: Economy

Economic Trivia

Cotton has been one of Benin's biggest drives toward economic growth, contributing to 40% of GDP and 80% of exports.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Data unavailable

Top Industries Source: CIA World Factbook

Textiles; Food Processing; Construction Materials; Cement

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international $) $18 billion (2013)
GDP Growth Rate (annual %) 5.6% (2013)
GDP Per Capita, PPP (current international $) $1,791 (2013)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 138/192 (2013)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 0.97% (2013)
External debt stocks, total (DOD, current US$) $2,055 million (2012)
Total tax rate (% of commercial profits) 65.9% (2013)
Real Interest Rate (5 year average %) 13.322% (1992)
Manufacturing, value added (% of GDP) 7.714% (2010)
Current Account Balance (BoP, current US$) $-516,162,493 (2011)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 4,174,221 (2012)
Employment in Agriculture (% of total employment) 42.7% (2003)
Employment in Industry (% of total employment) 9.5% (2003)
Employment in Services (% of total employment) 46.2% (2003)
Unemployment Rate 1% (2012)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $1,967 million (2011)
Exports of goods and services (current US$) $1,093 million (2011)
Total Merchandise Trade (% of GDP) 47.725% (2012)
FDI, net inflows (BoP, current US$) $159 million (2012)
Commercial Service Exports (current US$) $390,805,982 (2011)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Benin’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary