21, Nov 2009, CST. 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: 2008 › Change year
Number of Indicators Listed: 19
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 8791832 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 dis
Area: total: 112,620 sq km land: 110,620 sq km water: 2,000 sq km
Natural Resources: small offshore oil deposits, limestone, marble, timber
Government Type: Benin government type
Government Ministers: Benin ministers
Capital: Porto-Novo (official capital)
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

its economy of Benin remains underdeveloped and dependent on subsistence Agriculture, fisheries and farming, cotton production, and regional trade (imports and exports). Growth in real output has averaged around 5 per cent in the past seven years, but rapid general populace growth has offset much of this increase. Inflation rates has subsided over the past several years. In order to raise growth still further, Benin plans to attract more Foreign Direct Investment (FDI), place more emphasis on tourism and transportation, facilitate the development of new food stuffs processing systems and agricultural, agrarian, fisheries and farming products, and encourage new data and communication technology. Specific projects to improve the business climate by reform to the land tenure system, the commercial justice system, and the financial sector were included in Benin's US$307 mn Millennium Challenge Account grant signed in February 2006. The 2001 privatisation policy perpetuates in telecommunications, water, electric power, and Agriculture, fisheries and farming though the state annulled the privatisation of Benin's state cotton company in November 2007 after the discovery of irregularities in the bidding process. The Paris Club and bilateral creditors have eased the external public state debt situation, with Benin benefiting from aGroup of Seven (G8) public debt reduction announced in July 2005, while pressing for more rapid structural reform. An insufficient electrical supply perpetuates to adversely affect Benin's growth of the economy though the state recently has taken steps to increase domestic power production.
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GDP (Constant Prices, National Currency) for Benin in year 2008 is XAF 2,341.38 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Benin in year 2008 is 4.978 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Benin in year 2008 is XAF 2,991.49 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Benin in year 2008 is US$ 6.94 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Deflator for Benin in year 2008 is 127.766 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Benin in year 2008 is XAF 288,805.59 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Benin in year 2008 is XAF 368,994.93 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Benin in year 2008 is US$ 856.035 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

Output Gap, Percent of Potential GDP for Benin in year 2008 is not available

GDP (PPP), US Dollars for Benin in year 2008 is US$ 13.014 Billion. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Per Capita (PPP), US Dollars for Benin in year 2008 is US$ 1,605.26 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Share of World Total (PPP) for Benin in year 2008 is 0.019 %. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Implied PPP Conversion Rate for Benin in year 2008 is 229.866 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Investment (% of GDP) for Benin in year 2008 is not available

Gross National Savings (% of GDP) for Benin in year 2008 is not available

Inflation, Average Consumer Prices (Indexed to Year 2000) for Benin in year 2008 is 130.4 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Benin in year 2008 is 7.956 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Benin in year 2008 is 128.942 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Benin in year 2008 is 9.897 %. Data for inflation are end of the period, not annual average data.

Six-month London Interbank Offered Rate (LIBOR) Change % for Benin in year 2008 is not available

Unemployment Rate (% of Labour Force) for Benin in year 2008 is not available

Employment for Benin in year 2008 is not available

Population for Benin in year 2008 is 8.107 Million .

General Government Balance (National Currency) for Benin in year 2008 is not available

General Government Balance (% of GDP) for Benin in year 2008 is not available

General Government Structural Balance (National Currency) for Benin in year 2008 is not available

General Government Structural Balance (% Potential GDP) for Benin in year 2008 is not available

General Government Net Debt (National Currency) for Benin in year 2008 is not available

General Government Net Debt (% GDP) for Benin in year 2008 is not available

General Government Gross Debt (National Currency) for Benin in year 2008 is not available

General Government Gross Debt (% GDP) for Benin in year 2008 is not available

Current Account Balance (US Dollars) for Benin in year 2008 is US$ -0.575 Billion. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.

Current Account Balance (% GDP) for Benin in year 2008 is -8.281 %. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.