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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 #
78 Corruption rank#77
149 Ease of doing business#135
Benin


Benin Major Economic Indicators

Indicator Data Period
GDP Value 15.65 USD Billion 2020
GDP Annual Growth Rate 6.7 % 4Q/21
GDP per capita 1215 USD 2020
Inflation Rate YoY 2 % Apr/22
Interest Rate 4 % May/22
Unemployment Rate 1.6 % 2021
Balance of Trade -294 XAF Billion | -0.468 B USD 4Q/21
Current Account -274 USD Million | -0.274 B USD 2020


GDP Indicators

Indicator Data Period
GDP Value 15.65 USD Billion 2020
GDP Annual Growth Rate 6.7 % 4Q/21
GDP per capita 1215 USD 2020
GDP Constant Prices 7904 XOF Billion | 12.595 B USD 2021
GDP per capita PPP 3323 USD 2020
GDP From Agriculture  2140120 XOF Billion | 3410.38 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 | 6816.297 B USD 2021


Budget Indicators

Indicator Data Period
Government Debt to GDP 47.2 % 2021
Government Budget to GDP -6.1 % 2021
Military Expenditure 68.8 USD Million | 0.069 B USD 2020


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 105 Index Points Apr/22
Food Inflation -1 % Apr/22
Inflation Rate YoY 2 % Apr/22
Inflation Rate Mom 0.2 % Apr/22
CPI Housing Utilities 100 Index Points Apr/22
CPI Transportation 112 Index Points Apr/22


Trade Indicators

Indicator Data Period
Current Account to GDP -4.5 % 2021
Balance of Trade -294 XAF Billion | -0.468 B USD 4Q/21
Current Account -274 USD Million | -0.274 B USD 2020
Exports 119 XAF Billion | 0.19 B USD 4Q/21
Imports 413 XAF Billion | 0.658 B USD 4Q/21


Money Indicators

Indicator Data Period
Interbank Rate 5.33 % May/22
Interest Rate 4 % May/22
Deposit Interest Rate 6.49 % 2017


Labor Indicators

Indicator Data Period
Unemployment Rate 1.6 % 2021


Taxes

Indicator Data Period
Sales Tax Rate 18 % 2020


Business Indicators

Indicator Data Period
Corruption Index 42 Index Points 2021
Corruption Rank 78 place 2021
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 14.8 % 4Q/21