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 (2018): India, Thailand, and China
Top 3 Exported Goods (2018): Cotton, Fruit & Nuts, and Oil Seeds

Top Industries Source: CIA World Factbook

Textiles; Food Processing; Construction Materials; Cement

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $37,185,967,537 (2018)
GDP Growth Rate (annual %) 6.697% (2018)
GDP Per Capita, PPP (current international) $3,238 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 126/196 (2018)

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 %) 1.024% (2018)
External debt stocks, total (DOD, current US$) $3,690,588,734 (2018)
Total tax rate (% of commercial profits) 48.9% (2019)
Real Interest Rate (5 year average %) 5.528% (2017)
Manufacturing, value added (% of GDP) 9.17% (2018)
Current Account Balance (BoP, current US$) ($648,780,156) (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 4,833,197 (2019)
Employment in Agriculture (% of total employment) 38.578% (2019)
Employment in Industry (% of total employment) 18.993% (2019)
Employment in Services (% of total employment) 42.429% (2019)
Unemployment Rate 2.232% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $4,923,520,372 (2018)
Exports of goods and services (current US$) $3,889,961,780 (2018)
Total Merchandise Trade (% of GDP) 41.794% (2018)
FDI, net inflows (BoP, current US$) $140,607,612 (2018)
Commercial Service Exports (current US$) $484,834,813 (2018)
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