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ECON FACTBOOK

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Economy of Benin

Population: 10.3 million in 20131

GDP: $8.3 billion in 20132

GDP per capita: $805 nominal3 ($1,791 PPP4) in 2013

GDP growth rate: 5.6% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Agriculture, hunting, forestry, fishing2,43536.3%
Other activities1,55123.1%
Wholesale, retail trade, restaurants and hotels1,17617.5%
Transport, storage and communication5808.6%
Manufacturing5618.4%
Construction3154.7%
Mining and utilities931.4%
Total value added6,711100%

Employment

Unemployment rate: 1.0% in 20137

Employment by Industry

N/A

Corporations

Top 10 Corporations by Revenue 20138

N/A

Households

Household Wealth: $17 billion (204% of GDP) in 20149

Household Wealth per Adult: $3,523 in 20149

Gini Coefficient: .386 in 201310

Government

Central Government

Central Government Revenue: $1.7 billion (21% of GDP) in 201311

Central Government Expenditure: $1.8 billion (22% of GDP) in 201311

Central Government Budget Balance: -$0.1 billion (-1% of GDP) in 201311

Central Government Public Debt: N/A

Central Government 7 Year Bond Interest Rate: 6.50% in Oct 201412

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 201413

Corporate Tax Rate: 30% in 201414

Monetary Policy

Money Supply (M0, West Africa Currency Union): N/A

Benchmark Interest Rate (West Africa Currency Union): 2.50% in Sept 201415

Total Reserves: $694 million (8% of GDP) in 201316

Exchange Rate: 579 West African CFA Francs = 1 U.S. Dollar on Feb 18, 201517

Inflation: 1.0% in 201318

Financial Institutions

Top 10 Financial Institutions by Assets 201319

N/A (data not available at Relbanks.com)

International Accounts

Exports: $1.1 billion (13% of GDP) in 201320

Imports: $1.8 billion (22% of GDP) in 201320

Trade Balance: -$0.7 billion (-9% of GDP) in 201320

Foreign Direct Investment Inflow: $320 million (4% of GDP) in 201321

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $511 million (6% of GDP) in 201222

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: Fortune Global 500 (Top corporations) Go back
9. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
10. Source: UN Human Development Report (Gini coefficient) Go back
11. Source: CIA World Factbook (Government budget) Go back
12. Source: Reuters (Government bond yield) Go back
13. Source: Deloitte Benin Highlights (Individual tax rates) Go back
14. Source: Tax Foundation (Corporate tax rate) Go back
15. Source: Reuters (Benchmark interest rate) Go back
16. Source: World Bank Indicators (Total reserves) Go back
17. Source: xe.com (Exchange rate) Go back
18. Source: World Bank Indicators (Inflation rate) Go back
19. Source: Relbanks.com (Financial institutions by assets) Go back
20. Source: CIA World Factbook (Trade data) Go back
21. Source: World Bank Indicators (FDI data) Go back
22. Source: World Bank Indicators (Aid data) Go back