Latest: Colombia 15:00 Colombian Presidential Election Forecast: 0
Latest: Switzerland 12:00 SNB Gov Board Member Zurbrugg Speaks Forecast: 0
Latest: United Arab Emirates 16:05 GDP (YoY) Forecast: 0 % Actual: -6.1%
Latest: South Africa 16:00 SARB Monetary Policy Review Forecast: 0
Latest: United Kingdom 12:30 Annual Budget Release Forecast: 0

Economy of Benin. Statistics, Data and Indicators

flag
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 17.4 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