Exports in Benin increased to 184.30 CFA Franc Billion in the second quarter of 2019 from 150.56 CFA Franc Billion in the first quarter of 2019. Exports in Benin averaged 62.48 CFA Franc Billion from 2003 until 2019, reaching an all time high of 184.30 CFA Franc Billion in the second quarter of 2019 and a record low of 0.80 CFA Franc Billion in the third quarter of 2004. Benin exports mostly agricultural products. Cotton (40 percent of total exports) is the most important export followed by cocoa, maize and seafood. This lack of diversification makes the country’s trade highly vulnerable to weather conditions and price fluctuations. Benin’s main export partners are Nigeria (21 percent) and China (20 percent). Others include: India, Chad, Ghana, Thailand, Togo and Indonesia. This page provides the latest reported value for - Benin Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports in Benin decreased to 349.28 CFA Franc Billion in the second quarter of 2019 from 514.33 CFA Franc Billion in the first quarter of 2019. Imports in Benin averaged 251.04 CFA Franc Billion from 2003 until 2019, reaching an all time high of 744.61 CFA Franc Billion in the third quarter of 2013 and a record low of 27.40 CFA Franc Billion in the second quarter of 2005. Benin’s main imports are: fuel, food and capital equipment. Benin’s main import partner is France (18 percent of total imports) followed by China (15 percent). Others include: Togo, Ghana, Belgium and the United Kingdom. This page provides the latest reported value for - Benin Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Benin recorded a trade deficit of 164.98 CFA Franc Billion in the second quarter of 2019. Balance of Trade in Benin averaged -188.60 CFA Franc Billion from 2003 until 2019, reaching an all time high of -8.30 CFA Franc Billion in the second quarter of 2005 and a record low of -679.56 CFA Franc Billion in the third quarter of 2013. Benin’s systemic trade deficit is the result of the country’s dependence on imports for energy needs and high value-added goods. Moreover, Benin’s exports of agricultural products such as cotton, cocoa and maze are highly vulnerable to the weather and price fluctuations. Main trading partner is China (20 percent of exports and 15 percent of imports). Others include: Thailand, Togo and India. This page provides the latest reported value for - Benin Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Benin scored 45.82 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Benin averaged 13.82 Points from 2007 until 2019, reaching an all time high of 45.82 Points in 2019 and a record low of 3.42 Points in 2007. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. This page provides the latest reported value for - Benin Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Benin is the 125 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Benin averaged 114.25 from 2007 until 2019, reaching an all time high of 130 in 2014 and a record low of 103 in 2010. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. This page provides the latest reported value for - Benin Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Benin recorded a Current Account deficit of 10.80 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Benin averaged -6.74 percent from 1974 until 2018, reaching an all time high of 0.66 percent in 1994 and a record low of -29.75 percent in 1982. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Benin Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Benin is ranked 149 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Benin improved to 149 in 2019 from 153 in 2018. Ease of Doing Business in Benin averaged 163.67 from 2008 until 2019, reaching an all time high of 175 in 2011 and a record low of 149 in 2019. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Benin.

Deposit Interest Rate in Benin decreased to 6.49 percent in 2017 from 6.93 percent in 2016. Deposit Interest Rate in Benin averaged 7.70 percent from 2005 until 2017, reaching an all time high of 8.58 percent in 2009 and a record low of 6.49 percent in 2017. The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in Benin.

Terrorism Index in Benin remained unchanged at 0 in 2018 from 0 in 2017. Terrorism Index in Benin averaged 0.05 from 2002 until 2018, reaching an all time high of 0.46 in 2007 and a record low of 0 in 2003. The Global Terrorism Index measures the direct and indirect impact of terrorism, including its effects on lives lost, injuries, property damage and the psychological aftereffects. It is a composite score that ranks countries according to the impact of terrorism from 0 (no impact) to 10 (highest impact).

GDP Constant Prices in Benin increased to 4629.70 XOF Billion in 2018 from 4323.80 XOF Billion in 2017. GDP Constant Prices in Benin averaged 2137.01 XOF Billion from 1990 until 2018, reaching an all time high of 4629.70 XOF Billion in 2018 and a record low of 490.10 XOF Billion in 1990. This page provides - Benin Gdp Constant Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Agriculture in Benin increased to 983.50 XOF Billion in 2018 from 900.20 XOF Billion in 2017. GDP From Agriculture in Benin averaged 530.01 XOF Billion from 1990 until 2018, reaching an all time high of 983.50 XOF Billion in 2018 and a record low of 180 XOF Billion in 1990. This page provides - Benin Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Manufacturing in Benin increased to 1012.80 XOF Billion in 2018 from 943.50 XOF Billion in 2017. GDP From Manufacturing in Benin averaged 444.26 XOF Billion from 1990 until 2018, reaching an all time high of 1012.80 XOF Billion in 2018 and a record low of 63.20 XOF Billion in 1990. This page provides - Benin Gdp From Industrial Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Mining in Benin increased to 15.90 XOF Billion in 2018 from 15 XOF Billion in 2017. GDP From Mining in Benin averaged 8.91 XOF Billion from 1990 until 2018, reaching an all time high of 15.90 XOF Billion in 2018 and a record low of -9 XOF Billion in 2014. This page provides - Benin Gdp From Extraction, Mining and Oil- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Public Administration in Benin increased to 330 XOF Billion in 2018 from 314 XOF Billion in 2017. GDP From Public Administration in Benin averaged 153.58 XOF Billion from 1990 until 2018, reaching an all time high of 330 XOF Billion in 2018 and a record low of 45.90 XOF Billion in 1993. This page provides - Benin Gdp From Public Administration- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Services in Benin increased to 1696.10 XOF Billion in 2018 from 1593 XOF Billion in 2017. GDP From Services in Benin averaged 792.67 XOF Billion from 1992 until 2018, reaching an all time high of 1696.10 XOF Billion in 2018 and a record low of 171 XOF Billion in 1992. This page provides - Benin Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Benin was last recorded at 896.30 US dollars in 2018. The GDP per Capita in Benin is equivalent to 7 percent of the world's average. GDP per capita in Benin averaged 649.45 USD from 1960 until 2018, reaching an all time high of 896.30 USD in 2018 and a record low of 503.60 USD in 1962. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides the latest reported value for - Benin GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Benin scored 41 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Benin averaged 33.44 Points from 2004 until 2019, reaching an all time high of 41 Points in 2019 and a record low of 25 Points in 2006. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Benin Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Benin is the 80 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Benin averaged 94.50 from 2004 until 2019, reaching an all time high of 121 in 2006 and a record low of 77 in 2004. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Benin Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Unemployment Rate in Benin decreased to 2 percent in 2019 from 2.10 percent in 2018. Unemployment Rate in Benin averaged 1.48 percent from 1991 until 2019, reaching an all time high of 2.70 percent in 2011 and a record low of 0.70 percent in 2001. In Benin, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Benin Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Sales Tax Rate in Benin stands at 18 percent. In Benin, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Benin. This page provides the latest reported value for - Benin Sales Tax Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Benin recorded a Current Account deficit of 927.31 USD Million in 2017. Current Account in Benin averaged -251.15 USD Million from 1974 until 2017, reaching an all time high of 10.55 USD Million in 1994 and a record low of -927.31 USD Million in 2017. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides the latest reported value for - Benin Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in Benin was worth 10.40 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Benin represents 0.01 percent of the world economy. GDP in Benin averaged 2.99 USD Billion from 1960 until 2019, reaching an all time high of 10.40 USD Billion in 2019 and a record low of 0.23 USD Billion in 1960. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides - Benin GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The total population in Benin was estimated at 11.8 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Benin had a population of 2.4 million people. The population of Benin represents 0.13 percent of the world´s total population which arguably means that one person in every 766 people on the planet is a resident of Benin. This page provides the latest reported value for - Benin Population - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The benchmark interest rate in Benin was last recorded at 4.50 percent. Interest Rate in Benin averaged 4.03 percent from 2010 until 2020, reaching an all time high of 4.50 percent in December of 2016 and a record low of 3.50 percent in September of 2013. Benin is a member of the Economic and Monetary Community of West Africa (UEMOA). In UEMOA, interest rates decisions are taken by the Central Bank of West African States’ Monetary Policy Committee. The Central Bank of West African States’ official rate is the key interest rate. This page provides - Benin Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The inflation rate in Benin was recorded at 0.50 percent in January of 2020. Inflation Rate in Benin averaged 2.09 percent from 2001 until 2020, reaching an all time high of 15.20 percent in August of 2008 and a record low of -3.80 percent in April of 2017. In Benin, the main components of the consumer price index are: Food and Non-Alcoholic Beverages (37.5 percent of total weight); Restaurants and Hotels (11.6 percent); Transports (11 percent) and Housing and Utilities (10.9 percent). Others include: Education (5.6 percent); Clothing and Footwear (5.1 percent); Miscellaneous Goods and Services (4.9 percent) and Health (4.6 percent). Communication, Household Contents, Equipment and Maintenance, Recreation and Culture and Alcoholic Beverages and Tobacco account for the remaining 8.8 percent of total weight. . This page provides the latest reported value for - Benin Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Consumer Price Index in Benin increased 1.30 percent in January of 2020 over the previous month. Inflation Rate Mom in Benin averaged 0.13 percent from 2010 until 2020, reaching an all time high of 5 percent in January of 2012 and a record low of -2.60 percent in September of 2017. This page provides - Benin Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Benin increased 3.60 percent in February of 2020 over the same month in the previous year. Food Inflation in Benin averaged 1.42 percent from 2010 until 2020, reaching an all time high of 14.86 percent in January of 2011 and a record low of -6.70 percent in April of 2017. This page provides the latest reported value for - Benin Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Benin recorded a government debt equivalent to 26.20 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Benin averaged 27.69 percent from 2000 until 2018, reaching an all time high of 58.20 percent in 2001 and a record low of 10.50 percent in 2007. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Benin Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Benin recorded a Government Budget deficit equal to 4.70 percent of the country's Gross Domestic Product in 2018. Government Budget in Benin averaged -2.83 percent of GDP from 2002 until 2018, reaching an all time high of 0.20 percent of GDP in 2007 and a record low of -6.50 percent of GDP in 2015. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Benin Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Industrial Production in Benin increased 20.30 percent in the fourth quarter of 2019 over the same quarter in the previous year. Industrial Production in Benin averaged 5.19 percent from 2009 until 2019, reaching an all time high of 48.80 percent in the third quarter of 2012 and a record low of -29.20 percent in the second quarter of 2015. In Benin, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides - Benin Industrial Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Capacity Utilization in Benin decreased to 56.30 percent in the fourth quarter of 2019 from 76.30 percent in the third quarter of 2019. Capacity Utilization in Benin averaged 64.99 percent from 2008 until 2019, reaching an all time high of 78.30 percent in the third quarter of 2015 and a record low of 46.90 percent in the third quarter of 2010. This page provides - Benin Capacity Utilization- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Price Index CPI in Benin decreased to 103.70 points in March from 104.20 points in February of 2020. Consumer Price Index CPI in Benin averaged 98.70 points from 2009 until 2020, reaching an all time high of 104.20 points in February of 2020 and a record low of 88.70 points in June of 2009. In Benin, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services. This page provides - Benin Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in Benin decreased to 108.30 points in March of 2020 from 110.30 points in February of 2020. CPI Transportation in Benin averaged 112.23 points from 2009 until 2020, reaching an all time high of 140.50 points in January of 2012 and a record low of 91.20 points in June of 2009. This page provides - Benin Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cpi Housing Utilities in Benin increased to 104.20 points in March from 103.30 points in February of 2020. Cpi Housing Utilities in Benin averaged 111.74 points from 2009 until 2020, reaching an all time high of 118.90 points in September of 2012 and a record low of 96.60 points in May of 2019. This page provides - Benin Cpi Housing Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Benin expanded 7.50 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Benin averaged 4.28 percent from 1961 until 2019, reaching an all time high of 9.95 percent in the fourth quarter of 1981 and a record low of -4.90 percent in the fourth quarter of 1975. Benin is one of the healthiest African democracies and has an active civil society. Agriculture is the most important sector of the economy. A large part of the population still depends on subsistence agriculture and agriculture products account for over 70 percent of total exports. Recent government investment in infrastructure, agriculture and tourism may result in growth in coming years. This page provides - Benin GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Standard & Poor's credit rating for Benin stands at B+ with stable outlook. Moody's credit rating for Benin was last set at B2 with positive outlook. Fitch's credit rating for Benin was last reported at B with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Benin thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Benin as reported by major credit rating agencies.

Benin recorded 242 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Benin reported 2 Coronavirus Deaths. This page includes a chart with historical data for Benin Coronavirus Cases.

Benin recorded 2 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Benin reported 242 Coronavirus Cases. This page includes a chart with historical data for Benin Coronavirus Deaths.

Benin recorded 62 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Benin reported 2 Coronavirus Deaths. This page includes a chart with historical data for Benin Coronavirus Recovered.

Imports of Crude Benzene in Japan increased to 82.65 JPY Million in March from 82.10 JPY Million in January of 2020. Imports of Crude Benzene in Japan averaged 301.92 JPY Million from 1988 until 2020, reaching an all time high of 1530.70 JPY Million in August of 2006 and a record low of 0 JPY Million in December of 1995. This page includes a chart with historical data for Japan Imports of Crude Benzene.

Retail Sales in Benin decreased 4.50 percent in the fourth quarter of 2019 over the same quarter in the previous year. Retail Sales Yoy in Benin averaged 7.10 percent from 2010 until 2019, reaching an all time high of 47.90 percent in the third quarter of 2015 and a record low of -32.40 percent in the third quarter of 2016. This page provides - Benin Retail Sales YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Interbank Rate in Benin increased to 4.23 percent in February from 3.64 percent in January of 2020. Interbank Rate in Benin averaged 5.24 percent from 2005 until 2020, reaching an all time high of 7.35 percent in February of 2018 and a record low of 3.64 percent in January of 2020. The interbank rate is the rate of interest charged on short-term loans made between banks in the local currency. This page provides - Benin Interbank Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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