Benin Economic Statistics and Indicators

13, Feb 2012, CET. Welcome to the Econ Stats Beta from EconomyWatch.com.

Country: Benin
National or Regional Currency: Central African Franc, XAF
Year of data: 2013 › Change year
Date of Last Update: 1st August 2011
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) geographic coordinates: 6 29 N, 2 37 E time difference: UTC+1 (6 hours ahead of Washington, DC during Standard Time) note: Cotonou (seat of government)
Data Source: All Sources (IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International)
More on the Benin Economy
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Economic Indicator Listing
  For Benin in year 2013 Indicator Value
GDP Growth (Constant Prices, National Currency) 4.823 %
GDP (Current Prices, National Currency)XAF 4,046.13 Billion.
GDP (Current Prices, US Dollars)US$ 8.342 Billion
GDP Deflator 145.327 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)XAF 265,747.75 .
GDP Per Capita (Current Prices, National Currency)XAF 386,203.08 .
GDP Per Capita (Current Prices, US Dollars)US$ 796.197
GDP (PPP), US DollarsUS$ 16.413 Billion
GDP Per Capita (PPP), US DollarsUS$ 1,566.64
GDP Share of World Total (PPP) 0.019 %
Implied PPP Conversion Rate 246.517
Investment (% of GDP) 21.051 %
Gross National Savings (% of GDP) 14.455 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 113.437 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 3 %
Inflation, End of Year (Indexed to Year 2000) 116.403 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 3 %
Import Volume of All Items Including Goods and Services (Percent Change) 7.304 %
Import Volumes of Goods Only (Percent Change) 7.304 %
Export Volume of All Items Including Goods and Services (Percent Change) 5.999 %
Export Volumes of Goods Only (Percent Change) 5.999 %
Value of Oil ImportsUS$ 0.249 Billions
Value of Oil ExportsUS$ 0 Billions
Population 10.477 Million
General government revenue (National Currency)XAF 870.025 Billions.
General government revenue (% of GDP) 21.503 %
General government total expenditure (National Currency)XAF 913.288 Billions.
General government total expenditure (% of GDP) 22.572 %
Total Government Net Lending/ Borrowing (National Currency)XAF -43.263 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -1.069 %
General Government Balance (National Currency)XAF -5.866 Billion.
General Government Balance (% of GDP) -0.145 %
Total Government Gross Debt (National Currency)XAF 1,113.92 Billion.
Total Government Gross Debt (% of GDP) 27.53 %
Fiscal Year Gross Domestic Product, Current PricesXAF 4,046.13 Billions.
Current Account Balance (US Dollars)US$ -0.55 Billion
Current Account Balance (% GDP) -6.596 %
Economic Indicators for Benin 2013

GDP (Constant Prices, National Currency) for Benin in year 2013 is XAF 2,784.16 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 2013 is 4.823 %. 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 2013 is XAF 4,046.13 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Benin in year 2013 is US$ 8.342 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.

GDP Deflator for Benin in year 2013 is 145.327 (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 2013 is XAF 265,747.75 . 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 2013 is XAF 386,203.08 . 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 2013 is US$ 796.197 . 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.

GDP (PPP), US Dollars for Benin in year 2013 is US$ 16.413 Billion. Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP. 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.

GDP Per Capita (PPP), US Dollars for Benin in year 2013 is US$ 1,566.64 . Gross domestic product based on purchasing-power-parity (PPP) per capita GDP. 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.

GDP Share of World Total (PPP) for Benin in year 2013 is 0.019 %. Gross domestic product based on purchasing-power-parity (PPP) share of world total. 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.

Implied PPP Conversion Rate for Benin in year 2013 is 246.517 . 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.

Investment (% of GDP) for Benin in year 2013 is 21.051 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.

Gross National Savings (% of GDP) for Benin in year 2013 is 14.455 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Benin in year 2013 is 113.437 (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 2013 is 3 %. 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 2013 is 116.403 (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 2013 is 3 %. Data for inflation are end of the period, not annual average data.

Import Volume of All Items Including Goods and Services (Percent Change) for Benin in year 2013 is 7.304 %.

Import Volumes of Goods Only (Percent Change) for Benin in year 2013 is 7.304 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Benin in year 2013 is 5.999 %.

Export Volumes of Goods Only (Percent Change) for Benin in year 2013 is 5.999 %.

Value of Oil Imports for Benin in year 2013 is US$ 0.249 Billions. Value is equal to the price per unit of quantity of oil imports multiplied by the number of quantity units.

Value of Oil Exports for Benin in year 2013 is US$ 0 Billions. Value is equal to the price per unit of quantity of oil exports multiplied by the number of quantity units.

Population for Benin in year 2013 is 10.477 Million .

General government revenue (National Currency) for Benin in year 2013 is XAF 870.025 Billions. Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.

General government revenue (% of GDP) for Benin in year 2013 is 21.503 %. Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.

General government total expenditure (National Currency) for Benin in year 2013 is XAF 913.288 Billions. Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.

General government total expenditure (% of GDP) for Benin in year 2013 is 22.572 %. Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.

Total Government Net Lending/ Borrowing (National Currency) for Benin in year 2013 is XAF -43.263 Billions. Net lending (+)/ borrowing (?) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (?) is also equal to net acquisition of financial assets minus net incurrence of liabilities.

Total Government Net Lending/ Borrowing (% of GDP) for Benin in year 2013 is -1.069 %.

General Government Balance (National Currency) for Benin in year 2013 is XAF -5.866 Billion. Primary net lending/borrowing is net lending (+)/borrowing (?) plus net interest payable/paid (interest expense minus interest revenue).

General Government Balance (% of GDP) for Benin in year 2013 is -0.145 %. Primary net lending/borrowing is net lending (+)/borrowing (?) plus net interest payable/paid (interest expense minus interest revenue).

Total Government Gross Debt (National Currency) for Benin in year 2013 is XAF 1,113.92 Billion. Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

Total Government Gross Debt (% of GDP) for Benin in year 2013 is 27.53 %. Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

Fiscal Year Gross Domestic Product, Current Prices for Benin in year 2013 is XAF 4,046.13 Billions. Gross domestic product corresponding to fiscal year is the country's GDP based on the same period during the year as their fiscal data. In the case of countries whose fiscal data are based on a fiscal calendar (e.g., July to June), this series would be the country's GDP over that same period. For countries whose fiscal data are based on a calendar year (i.e., January to December), this series will be the same as their GDP in current prices.

Current Account Balance (US Dollars) for Benin in year 2013 is US$ -0.55 Billion. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

Current Account Balance (% GDP) for Benin in year 2013 is -6.596 %. Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.

* 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
  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
  Nationality, Ethnic Groups, Languages and Religions 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
  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
  Industries and Industrial Growth Production Rate 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
  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
  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
  Economic Freedom Regional Ranking for Benin
  Business Freedom for Benin
  Trade Freedom for Benin
  Fiscal Freedom for Benin
  Government Spending for Benin
  Monetary Freedom for Benin
  Investment Freedom for Benin
  Financial Freedom for Benin
  Property Rights 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
* Source: HFO
Benin Economic Indicators in other Years
  Benin Economic Indicators for Year 2016 (Forecast)
  Benin Economic Indicators for Year 2015 (Forecast)
  Benin Economic Indicators for Year 2014 (Forecast)
Benin Economic Indicators for Year 2013 (Forecast)
  Benin Economic Indicators for Year 2012 (Forecast)
  Benin Economic Indicators for Year 2011 (Forecast)
  Benin Economic Indicators for Year 2010 (Current)
  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