Source
Central bank

Central Bank of West African States (BCEAO)

International Reserves

USD 0.07 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 9.6 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 26.2 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
3.9% 6% 4.9% 2.3% 2.1% 3% 4.7%
2013* 2014* 2015* 2016* 2017*    
6.9% 6.5% 5% 4.6% 5.4%    

*Estimate

GDP per capita - current prices

USD 842.9 (2017, estimate)

GDP per capita - PPP

Intl$ 2,297.3 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.02% 0.02% 0.02% 0.02% 0.02%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 22.9% 
  • industry: 24.9% 
  • services: 52.2%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014* 2015* 2016* 2017*
1.0% -1.1% 0.3% 0.6% 2.2%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014* 2015* 2016* 2017*
25.4% 30.9% 39.3% 42.5% 43.9%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014* 2015* 2016* 2017*
-1.9% -2.3% -7.5% -4.2% -4.3%

*Estimate

Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies in Benin

N/A

 
 
Source
Current account balance

USD -1.1 billion (2017 estimate)

Current account balance by percentage of GDP

-11.8% (2017 estimate)

Exports as percent of GDP(Exports of goods and services)

28.2% (2015)

Shares in world total merchandising export

0.01% (2015)

Shares in world total commercial services export

0.009% (2014)

Total exports

USD 1.7 billion (2016 estimate)

Export commodities

Cotton, cashews, shea butter, textiles, palm products, seafood

Total imports

USD 2.6 billion (2016 estimate)

 
 
Source
Import commodities

Foodstuffs, capital goods, petroleum products

Exports - major partners

India 24.2%, Gabon 14.6%, China 7.2%, Niger 6%, Bangladesh 5%, Nigeria 4.9%, Vietnam 4.2% (2015)

Imports - major partners

China 42.1%, US 8.9%, India 5.7%, Malaysia 4.8%, Thailand 4.3%, France 4% (2015)

FDI inflows
2013 2014 2015
USD 360 million USD 405 million USD 229 million
FDI outflows
2013 2014 2015
USD 59 million USD 17 million USD 26 million
Value of cross-border M&A;, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Cross-border M&A; deals worth over $3 billion completed in 2014 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2015 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 155 out of 190 countries (2016)

Subcategories:

Starting a business: 57 out of 190 countries

Enforcing Contracts: 169 out of 190 countries

Registering Property: 173 out of 190 countries

Getting credit: 139 out of 190 countries

Protecting investors: 145 out of 190 countries

Trading across border: 133 out of 190 countries

Paying Taxes: 173 out of 190 countries

Dealing with Construction Permits: 74 out of 190 countries

Getting Electricity: 174 out of 190 countries

Resolving Insolvency: 115 out of 190 countries

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

124 out of 138 countries

(2016-2017)

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 101 / Score: 59.31 (Mostly unfree) (2017)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+1

Total area

112,622 sq km

Capital

Porto-Novo (official capital); Cotonou (seat of government)

Currency

Communaute Financiere Africaine francs (XOF)

Government type

republic

Languages

French (official), Fon and Yoruba (most common vernaculars in south), tribal languages (at least six major ones in north)

Religions

Catholic 27.1%, Muslim 24.4%, Vodoun 17.3%, Protestant 10.4% (Celestial 5%, Methodist 3.2%, other Protestant 2.2%), other Christian 5.3%, other 15.5% (2002 census)

Total population
1990 2000 2010 2014* 2019**
5.189 million 6.949 million 9.51 million 10.592 million 11.929 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
9.3% 27% 38% 43%
Population median age

17.7 years (2014 est.)

Population growth rate

2.81% (2014 est.)

Life expectancy

61.07 years  (2014 est.)

Adult literacy

42.4% (2010 estimate)

% of population living on less than $2 a day

74.3% (2012)

Inequality of wealth distribution (Gini index)

43.5 (2012)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 2
Civil Liberties: 2 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed  1.5%   Mobile  93.3% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

4.90% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Cotonou 87th (2014)

CO2 emissions(Metric tons of CO2 per capita)

0.5 (2010)

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