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 (2019): India, China, and Togo
Top 3 Exported Goods (2019): 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) $42,481,128,221 (2020)
GDP Growth Rate (annual %) 3.849% (2020)
GDP Per Capita, PPP (current international) $3,504 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 117/197 (2020)

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 %) 3.023% (2020)
External debt stocks, total (DOD, current US$) $5,250,479,649 (2020)
Total tax rate (% of commercial profits) 48.9% (2019)
Real Interest Rate (5 year average %) 5.528% (2017)
Manufacturing, value added (% of GDP) 9.688% (2020)
Current Account Balance (BoP, current US$) ($580,555,692) (2019)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 4,925,314 (2020)
Employment in Agriculture (% of total employment) 37.962% (2020)
Employment in Industry (% of total employment) 19.096% (2020)
Employment in Services (% of total employment) 42.942% (2020)
Unemployment Rate 2.54% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $3,906,745,128 (2020)
Exports of goods and services (current US$) $3,110,348,717 (2020)
Total Merchandise Trade (% of GDP) 35.645% (2020)
FDI, net inflows (BoP, current US$) $218,207,872 (2019)
Commercial Service Exports (current US$) $510,256,259 (2019)
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


  1. The World Bank