Economic Trivia

Cotton has been one of Benin's biggest drivers 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 (2016): India, Thailand, and France
Top 3 Exported Goods (2016): Cotton, Fruit & Nuts, and Fats & Oils

Top Industries Source: CIA World Factbook

Textiles; Food Processing; Construction Materials; Cement

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $25,326,706,387 (2017)
GDP Growth Rate (annual %) 5.584% (2017)
GDP Per Capita, PPP (current international) $2,266 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 138/195 (2017)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) -0.93% (2016)
External debt stocks, total (DOD, current US$) $2,323,370,000 (2016)
Total tax rate (% of commercial profits) 57.4% (2017)
Real Interest Rate (5 year average %) 5.591% (2016)
Manufacturing, value added (% of GDP) 12.115% (2017)
Current Account Balance (BoP, current US$) ($808,744,429) (2016)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 4,541,703 (2017)
Employment in Agriculture (% of total employment) 43.196% (2017)
Employment in Industry (% of total employment) 18.486% (2017)
Employment in Services (% of total employment) 38.317% (2017)
Unemployment Rate 2.466% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $4,493,421,578 (2017)
Exports of goods and services (current US$) $2,868,484,639 (2017)
Total Merchandise Trade (% of GDP) 42.048% (2016)
FDI, net inflows (BoP, current US$) $131,685,943 (2016)
Commercial Service Exports (current US$) $316,867,386 (2016)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank