Benin Economic Statistics and Indicators

16, Nov 2018, EST. Welcome to the Benin economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Benin › Change country
National or Regional Currency: Central African Franc, XAF
Year of data: 2015 › Change year
Number of Indicators Listed: 35
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 10160556 ; note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2014 est.)
Area: total: 112,622 sq km ; land: 110,622 sq km ; water: 2,000 sq km
Natural Resources: small offshore oil deposits, limestone, marble, timber
Capital: name: Porto-Novo (official capital); Cotonou (seat of government) ; geographic coordinates: 6 29 N, 2 37 E ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time)

The economy of Benin remains underdeveloped and dependent on subsistence agriculture, cotton production, and regional trade. Growth in real output had averaged almost 4% before the global recession and it has returned to roughly that level in 2011-12. Inflation has subsided over the past several years. In order to raise growth, Benin plans to attract more foreign investment, place more emphasis on tourism, facilitate the development of new food processing systems and agricultural products, and encourage new information and communication technology. Specific projects to improve the business climate by reforms to the land tenure system, the commercial justice system, and the financial sector were included in Benin's $307 million Millennium Challenge Account grant signed in February 2006. The 2001 privatization policy continues in telecommunications, water, electricity, and agriculture. The Paris Club and bilateral creditors have eased the external debt situation with Benin benefiting from a G-8 debt reduction announced in July 2005, while pressing for more rapid structural reforms. An insufficient electrical supply continues to adversely affect Benin's economic growth though the government recently has taken steps to increase domestic power production. Private foreign direct investment is small, and foreign aid accounts for the majority of investment in infrastructure projects. Cotton, a key export, suffered from flooding in 2010-11, but high prices supported export earnings. The government agreed to a 25% increase in civil servant salaries in 2011, following a series of strikes, increasing pressure on the national budget. Benin has appealed for international assistance to mitigate piracy against commercial shipping in its territory.
More on the Benin Economy
More on the Benin Export, Import and Trade

Economic Indicator Listing
  For Benin in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 5.208 %
GDP (Current Prices, National Currency)XAF 5,007.68 Billion.
GDP (Current Prices, US Dollars)US$ 8.471 Billion
GDP Deflator 123.731 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)XAF 372,692.42 .
GDP Per Capita (Current Prices, National Currency)XAF 461,135.95 .
GDP Per Capita (Current Prices, US Dollars)US$ 780.063
GDP (PPP), US DollarsUS$ 22.948 Billion
GDP Per Capita (PPP), US DollarsUS$ 2,113.16
GDP Share of World Total (PPP) 0.02 %
Implied PPP Conversion Rate 218.221
Investment (% of GDP) 27.808 %
Gross National Savings (% of GDP) 16.746 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 112.667 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 0.271 %
Inflation, End of Year (Indexed to Year 2000) 113.719 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 2.301 %
Import Volume of All Items Including Goods and Services (Percent Change) 10.722 %
Import Volumes of Goods Only (Percent Change) 0.228 %
Export Volume of All Items Including Goods and Services (Percent Change) 7.934 %
Export Volumes of Goods Only (Percent Change) -1.599 %
Population 10.859 Million
General government revenue (National Currency)XAF 848.24 Billions.
General government revenue (% of GDP) 16.939 %
General government total expenditure (National Currency)XAF 1,244.51 Billions.
General government total expenditure (% of GDP) 24.852 %
Total Government Net Lending/ Borrowing (National Currency)XAF -396.272 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -7.913 %
Fiscal Year Gross Domestic Product, Current PricesXAF 5,007.68 Billions.
Current Account Balance (US Dollars)US$ -0.937 Billion
Current Account Balance (% GDP) -11.062 %
Economic Indicators for Benin 2015

GDP (Constant Prices, National Currency) for Benin in year 2015 is XAF 4,047.23 Billion.

GDP Growth (Constant Prices, National Currency) for Benin in year 2015 is 5.208 %.

GDP (Current Prices, National Currency) for Benin in year 2015 is XAF 5,007.68 Billion.

GDP (Current Prices, US Dollars) for Benin in year 2015 is US$ 8.471 Billion.

GDP Deflator for Benin in year 2015 is 123.731 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Benin in year 2015 is XAF 372,692.42 .

GDP Per Capita (Current Prices, National Currency) for Benin in year 2015 is XAF 461,135.95 .

GDP Per Capita (Current Prices, US Dollars) for Benin in year 2015 is US$ 780.063 .

GDP (PPP), US Dollars for Benin in year 2015 is US$ 22.948 Billion.

GDP Per Capita (PPP), US Dollars for Benin in year 2015 is US$ 2,113.16 .

GDP Share of World Total (PPP) for Benin in year 2015 is 0.02 %.

Implied PPP Conversion Rate for Benin in year 2015 is 218.221 .

Investment (% of GDP) for Benin in year 2015 is 27.808 %.

Gross National Savings (% of GDP) for Benin in year 2015 is 16.746 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Benin in year 2015 is 112.667 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Benin in year 2015 is 0.271 %.

Inflation, End of Year (Indexed to Year 2000) for Benin in year 2015 is 113.719 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Benin in year 2015 is 2.301 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Benin in year 2015 is 10.722 %.

Import Volumes of Goods Only (Percent Change) for Benin in year 2015 is 0.228 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Benin in year 2015 is 7.934 %.

Export Volumes of Goods Only (Percent Change) for Benin in year 2015 is -1.599 %.

Population for Benin in year 2015 is 10.859 Million .

General government revenue (National Currency) for Benin in year 2015 is XAF 848.24 Billions.

General government revenue (% of GDP) for Benin in year 2015 is 16.939 %.

General government total expenditure (National Currency) for Benin in year 2015 is XAF 1,244.51 Billions.

General government total expenditure (% of GDP) for Benin in year 2015 is 24.852 %.

Total Government Net Lending/ Borrowing (National Currency) for Benin in year 2015 is XAF -396.272 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Benin in year 2015 is -7.913 %.

Fiscal Year Gross Domestic Product, Current Prices for Benin in year 2015 is XAF 5,007.68 Billions.

Current Account Balance (US Dollars) for Benin in year 2015 is US$ -0.937 Billion.

Current Account Balance (% GDP) for Benin in year 2015 is -11.062 %.

* Source: IMF
Aggregate Indicators for Benin
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Benin
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Benin
  Natural Resources, Agricultural Products, Land Use and Water Use for Benin
  Nationality, Ethnic Groups, Languages and Religions for Benin
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Benin
  Age Structure, Median Age, Gender and Urbanization for Benin
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Benin
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Benin
  HIV, AIDS and Other Major Infectious Disease Rates for Benin
  Literacy Rate, Educational Expenditure and School Life Expectancy for Benin
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Benin
  Industries and Industrial Growth Production Rate for Benin
  Labor Force by Occupation for Benin
  Poverty Line, Gini Index, Household Income and Consumption for Benin
  National Budget and Public Debt for Benin
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Benin
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Benin
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Benin
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Benin
  Foreign Exchange Reserves and Gold Reserves for Benin
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Benin
  Exchange Rate Statistics for Benin
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Benin
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Benin
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Benin
  Television and Radio Statistics (TV Stats, Radio Stats) for Benin
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Benin
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Benin
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Benin
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Benin
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Benin
* Source: CIA
Internet Indicators for Benin
Indicators
  Number of Internet Users for Benin
  Internet Penetration Rate for Benin
  Number of Facebook Accounts for Benin
  Facebook Penetration Rate for Benin
* Source: IWS
Economic Freedom Indicators for Benin
Indicators
  Economic Freedom World Rank for Benin
  Government Spending for Benin
  Monetary Freedom for Benin
  Investment Freedom for Benin
  Financial Freedom for Benin
  Property Rights for Benin
  Economic Freedom Regional Ranking for Benin
  Freedom from Corruption for Benin
  Labor Freedom for Benin
  Tariff Rate for Benin
  Income Tax Rate for Benin
  Corporate Tax Rate for Benin
  Tax Burden % of GDP for Benin
  Government Expenditure % of GDP for Benin
  Business Freedom for Benin
  Trade Freedom for Benin
  Fiscal Freedom for Benin
  2016 Score for Benin
* Source: HFO
Benin Economic Indicators in other Years
  Benin Economic Indicators for Year 2021 (Forecast)
  Benin Economic Indicators for Year 2020 (Forecast)
  Benin Economic Indicators for Year 2019 (Forecast)
  Benin Economic Indicators for Year 2018 (Forecast)
  Benin Economic Indicators for Year 2017 (Forecast)
  Benin Economic Indicators for Year 2016 (Forecast)
Benin Economic Indicators for Year 2015 (Current)
  Benin Economic Indicators for Year 2014
  Benin Economic Indicators for Year 2013
  Benin Economic Indicators for Year 2012
  Benin Economic Indicators for Year 2011
  Benin Economic Indicators for Year 2010
  Benin Economic Indicators for Year 2009
  Benin Economic Indicators for Year 2008
  Benin Economic Indicators for Year 2007
  Benin Economic Indicators for Year 2006
  Benin Economic Indicators for Year 2005
  Benin Economic Indicators for Year 2004
  Benin Economic Indicators for Year 2003
  Benin Economic Indicators for Year 2002
  Benin Economic Indicators for Year 2001
  Benin Economic Indicators for Year 2000
  Benin Economic Indicators for Year 1999
  Benin Economic Indicators for Year 1998
  Benin Economic Indicators for Year 1997
  Benin Economic Indicators for Year 1996
  Benin Economic Indicators for Year 1995
  Benin Economic Indicators for Year 1994
  Benin Economic Indicators for Year 1993
  Benin Economic Indicators for Year 1992
  Benin Economic Indicators for Year 1991
  Benin Economic Indicators for Year 1990
  Benin Economic Indicators for Year 1989
  Benin Economic Indicators for Year 1988
  Benin Economic Indicators for Year 1987
  Benin Economic Indicators for Year 1986
  Benin Economic Indicators for Year 1985
  Benin Economic Indicators for Year 1984
  Benin Economic Indicators for Year 1983
  Benin Economic Indicators for Year 1982
  Benin Economic Indicators for Year 1981
  Benin Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International