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Economy of Benin. Statistics, Data and Indicators

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Benin
N/AN/A Credit rank #
N/A Quality of life #
72 Corruption rank#77
149 Ease of doing business#135
Benin


Benin Major Economic Indicators

Indicator Data Period
GDP Value 17.14 USD Billion 2021
GDP Annual Growth Rate 5.4 % 4Q/22
GDP per capita 1214 USD 2021
Inflation Rate YoY 1.2 % Feb/23
Interest Rate 4.75 % Feb/23
Unemployment Rate 1.6 % 2021
Balance of Trade -310 XAF Billion | -0.513 B USD 2Q/22
Current Account -274 USD Million | -0.274 B USD 2020


GDP Indicators

Indicator Data Period
GDP Value 17.14 USD Billion 2021
GDP Annual Growth Rate 5.4 % 4Q/22
GDP per capita 1214 USD 2021
GDP Constant Prices 7904 XOF Billion | 13.053 B USD 2021
GDP per capita PPP 3322 USD 2021
GDP From Agriculture  2140120 XOF Billion | 3534.292 B USD 2021
GDP From Manufacturing  1013 XOF Billion | 1.751 B USD 2018
GDP From Mining  15.9 XOF Billion | 0.027 B USD 2018
GDP From Public Administration  330 XOF Billion | 0.571 B USD 2018
GDP From Services  4277440 XOF Billion | 7063.96 B USD 2021


Budget Indicators

Indicator Data Period
Government Debt to GDP 47.2 % 2021
Government Budget to GDP -6.1 % 2021
Military Expenditure 97.4 USD Million | 0.097 B USD 2021


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 112 Index Points Feb/23
Food Inflation -1.8 % Jan/23
Inflation Rate YoY 1.2 % Feb/23
Inflation Rate Mom 0.09 % Feb/23
CPI Housing Utilities 109 Index Points Feb/23
CPI Transportation 121 Index Points Feb/23


Trade Indicators

Indicator Data Period
Current Account to GDP -4.5 % 2021
Balance of Trade -310 XAF Billion | -0.513 B USD 2Q/22
Current Account -274 USD Million | -0.274 B USD 2020
Exports 185 XAF Billion | 0.306 B USD 2Q/22
Imports 495 XAF Billion | 0.819 B USD 2Q/22


Money Indicators

Indicator Data Period
Interbank Rate 3.2 % Jan/23
Interest Rate 4.75 % Feb/23
Deposit Interest Rate 6.49 % 2017


Labor Indicators

Indicator Data Period
Unemployment Rate 1.6 % 2021


Taxes

Indicator Data Period
Sales Tax Rate 18 % 2022


Business Indicators

Indicator Data Period
Corruption Index 43 Index Points 2022
Corruption Rank 72 place 2022
Ease of Doing Business 149 place 2019
Competitiveness Index 45.82 Index Points 2019
Competitiveness Rank 125 2019


Consumer Indicators

Indicator Data Period
Retail Sales YoY 5.3 % 4Q/22