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

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

N/A

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

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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

Best countries for doing business

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

124 out of 138 countries

(2016-2017)

Index of Economic Freedom

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

Currency

Communaute Financiere Africaine francs (XOF)

Government type

Presidential republic

Languages

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

Religions

Muslim 27.7%, Catholic 25.5%, Protestant 13.5% (Celestial 6.7%, Methodist 3.4%, other Protestant 3.4%), Vodoun 11.6%, other Christian 9.5%, other traditional religions 2.6%, other 2.6%, none 5.8% (2013 est.)

Total population
1990 2000 2010 2016* 2021*
5.001 million 6.949 million 9.51 million 11.128 million 12.439 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
9% 27% 38% 44%
Population median age

18 years (2016 estimate)

Population growth rate

2.75% (2016 estimate)

Life expectancy

61.9 years (2016 estimate)

Literacy

Total population: 38.4%
Male: 49.9%
Female: 27.3% (2015 est.)

(age 15 and over can read and write)

% of population living on less than $3.10 a day

37.2% (2011)

Inequality of wealth distribution (Gini index)

43.4 (2011)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 2
Civil Liberties: 2 (2017)

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

Source
Total telephone subscribers as % of population

Fixed 1.79%   Mobile 85.64% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

6.79% (2015)

Mercer Cost of living index

Cotonou: 124th (2016)

CO2 emissions

0.6 (2013)

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