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.

Top 3 Trade Partners (2014): India, Thailand, and China
Top 3 Exported Goods (2014): Cotton, Oil & Mineral Fuels, and Industrial Machinery

Top Industries Source: CIA World Factbook

Textiles; Food Processing; Construction Materials; Cement

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $21,516,703,864 (2014)
GDP Growth Rate (annual %) 6.541% (2014)
GDP Per Capita, PPP (current international) $2,030 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 137/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) -1.087% (2014)
External debt stocks, total (DOD, current US$) $2,366,618,000 (2013)
Total tax rate (% of commercial profits) 63.3% (2015)
Real Interest Rate (5 year average %) 13.322% (1992)
Manufacturing, value added (% of GDP) 14.393% (2014)
Current Account Balance (BoP, current US$) ($673,175,481) (2013)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 4,444,955 (2014)
Employment in Agriculture (% of total employment) 45.1% (2010)
Employment in Industry (% of total employment) 10.4% (2010)
Employment in Services (% of total employment) 44% (2010)
Unemployment Rate 1% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $4,317,830,163 (2014)
Exports of goods and services (current US$) $3,461,060,041 (2014)
Total Merchandise Trade (% of GDP) 46.9% (2014)
FDI, net inflows (BoP, current US$) $377,358,669 (2014)
Commercial Service Exports (current US$) $499,688,186 (2013)
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