Economy of Benin. Statistics, Data and Indicators
Benin
| N/AN/A | Credit rank # |
| N/A | Quality of life # |
| 72 | Corruption rank#77 |
| 149 | Ease of doing business#135 |
Benin Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 17.4 USD Billion | 2022 |
| GDP Annual Growth Rate | 5.8 % | 2Q/23 |
| GDP per capita | 1256 USD | 2022 |
| Inflation Rate YoY | 2.1 % | Aug/23 |
| Interest Rate | 5.25 % | Sep/23 |
| Unemployment Rate | 1.7 % | 2022 |
| Balance of Trade | -348 XAF Billion | -0.563 B USD | 2Q/23 |
| Current Account | -735 USD Million | -0.735 B USD | 2021 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 17.4 USD Billion | 2022 |
| GDP Annual Growth Rate | 5.8 % | 2Q/23 |
| GDP per capita | 1256 USD | 2022 |
| GDP Constant Prices | 9912 XOF Billion | 16.033 B USD | 2022 |
| GDP per capita PPP | 3435 USD | 2022 |
| GDP From Agriculture | 2638 XOF Billion | 4.267 B USD | 2022 |
| GDP From Manufacturing | 962 XOF Billion | 1.556 B USD | 2022 |
| GDP From Mining | 41.6 XOF Billion | 0.067 B USD | 2022 |
| GDP From Public Administration | 694 XOF Billion | 1.123 B USD | 2022 |
| GDP From Services | 4695 XOF Billion | 7.594 B USD | 2022 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 52.8 % | 2022 |
| Government Budget to GDP | -5.5 % | 2022 |
| Military Expenditure | 97.2 USD Million | 0.097 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 108 Index Points | Aug/23 |
| Food Inflation | -3.8 % | Aug/23 |
| Inflation Rate YoY | 2.1 % | Aug/23 |
| Inflation Rate Mom | -2.8 % | Aug/23 |
| CPI Housing Utilities | 109 Index Points | Aug/23 |
| CPI Transportation | 132 Index Points | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -5.7 % | 2022 |
| Balance of Trade | -348 XAF Billion | -0.563 B USD | 2Q/23 |
| Current Account | -735 USD Million | -0.735 B USD | 2021 |
| Exports | 167 XAF Billion | 0.27 B USD | 2Q/23 |
| Imports | 514 XAF Billion | 0.831 B USD | 2Q/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interbank Rate | 5.81 % | Aug/23 |
| Interest Rate | 5.25 % | Sep/23 |
| Deposit Interest Rate | 6.49 % | 2017 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 1.7 % | 2022 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Sales Tax Rate | 18 % | 2023 |
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 | -3.2 % | 2Q/23 |
