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 | 17.14 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 |
