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) $27,799,325,827 (2018)
GDP Growth Rate (annual %) 6.858% (2018)
GDP Per Capita, PPP (current international) $2,420 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 136/196 (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$) $3,690,588,734 (2018)
Total tax rate (% of commercial profits) 57.4% (2018)
Real Interest Rate (5 year average %) 5.107% (2017)
Manufacturing, value added (% of GDP) 12.294% (2018)
Current Account Balance (BoP, current US$) ($927,305,109) (2017)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 4,707,182 (2018)
Employment in Agriculture (% of total employment) 41.401% (2018)
Employment in Industry (% of total employment) 19.404% (2018)
Employment in Services (% of total employment) 39.196% (2018)
Unemployment Rate 2.125% (2018)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $4,577,704,315 (2018)
Exports of goods and services (current US$) $3,665,382,142 (2018)
Total Merchandise Trade (% of GDP) 58.471% (2018)
FDI, net inflows (BoP, current US$) $207,510,855 (2018)
Commercial Service Exports (current US$) $323,018,434 (2017)
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