Source
Central bank

Central Bank of West African States (BCEAO)

International Reserves

US$ 695 million (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 9 billion (2014 estimate)

GDP (Purchasing Power Parity)

18 billion of International dollars (2014 estimate)

Real GDP growth
2005 2006 2007 2008 2009 2010 2011
2.9% 3.8% 4.6% 5.0% 2.7% 2.6% 3.3%
2012 2013 2014*        
5.4% 5.6% 5.5%        

*Estimate

GDP per capita - current prices

US$ 872 (2014 estimate)

GDP per capita - PPP

$1,693 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.02% 0.02% 0.02% 0.02% 0.02%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 31.6% 
  • industry: 12.9% 
  • services: 55.6% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2010 2011 2012 2013 2014*
2.2% 2.7% 6.7% 1.0% 1.7%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
30.2% 31.9% 29.2% 29.8% 29.5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-0.4% -1.4% -0.3% -2.1% -1.4%

*Estimate  

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Sept 22 2014)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Benin

N/A

 
 
Source
Current account balance

US$ -846 million (2014 estimate)

Current account balance by percentage of GDP

-9.163% of GDP (2014 estimate)

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

15% (2011)

(Data released on Oct 2014)

Shares in world total merchandising export

0.01% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

0.01% (2012)

(Data were released in 2014)

Total exports

US$1.108 billion (2013 estimate) 

Export commodities

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

Total imports

US$ 1.835 billion (2013 estimate) 

 
 
Source
Import commodities

foodstuffs, capital goods, petroleum products

Exports - major partners

China 25%, India 23.5%, Lebanon 18.7%, Niger 4.3%, Nigeria 4% (2012)

Imports - major partners

China 37.2%, US 8.9%, India 6.7%, France 5.6%, Malaysia 5.3% (2012)

FDI inflows
2011 2012 2013
US$ 161 million US$ 282 million US$ 320 million
FDI outflows
2011 2012 2013  
US$ 60 million US$ 40 million US$ 46 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012  2013
US$ 0 million US$ 0 million US$ 0 million US$ 0 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (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 2013(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, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 174 out of 189 countries (2013)

Subcategories:

Starting a business: 139 out of 189 countries

Enforcing Contracts: 181 out of 189 countries

Registering Property: 137 out of 189 countries

Getting credit: 130 out of 189 countries

Protecting investors: 157 out of 189 countries

Trading across border: 119 out of 189 countries

Paying Taxes: 179 out of 189 countries

Dealing with Construction Permits: 95 out of 189 countries

Getting Electricity: 160 out of 189 countries

Resolving Insolvency: 140 out of 189 countries

(2013)

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

N/A

 

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 113 Score: 57.1 (Mostly Unfree) (2014)

(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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