Benin Economy and facts of Benin Economy

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Benin Economy : Benin is a Lower-income country comes under the Sub-Saharan African region, according to the classification made by the World Bank on the basis of Region and Income for the year 2006.

The country has a total surface area of 112.6 thousand square kilometer as of the year 2004 with a forest area of 26,750.0 square kilometer as in 2000.

The Socioeconomic indicators of the country over the years are as follows:

  2000 2003 2004
Population, total 7.2 million 7.9 million 8.2 million
Population growth (annual %) 3.0 3.2 3.2
Life expectancy at birth, total (years) 53.7 54.1 54.6
Fertility rate, total (births per woman) 6.0 5.8 5.7
Mortality rate, infant (per 1,000 live births) 95.0 .. 89.6
Mortality rate, under-5 (per 1,000) 160.0 .. 152.0

 

 

The important economic indicators of the country are as follows:

Economy 2000 2003 2004
GNI, Atlas method (current US$) 2.4 billion 3.0 billion 3.7 billion
GNI per capita, Atlas method (current US$) 340.0 380.0 450.0
GDP (current US$) 2.3 billion 3.6 billion 4.1 billion
GDP growth (annual %) 5.8 3.9 2.7
Inflation, GDP deflator (annual %) 3.3 5.9 1.4