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Indicators of economy in Benin

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Benin, on the other hand, reached USD 1.428 per capita, or 17.79 billion USD in the whole country. Benin is one of the smaller economies and is currently ranked 125. If this is calculated per inhabitant taking into account the purchasing power parity, then Benin is in the list of the world's richest countries in place 148.
Inflation in Benin was in 2021 at around 1.73%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 62.5% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.
Back to overview: Benin

Impact of the Covid-19 pandemic

Overall, the gross domestic product in Benin in 2020 increased from 14.39 billion US Dollar to 15.65 billion US Dollar. Certainly, there have been shifts in numerous sectors of the economy, but a 8.8 percent increase has been rather unusual this year. While most countries have suffered significant losses, Benin has certainly held its own. The unemployment rate rose from 1.5 to 1.6 percent. The consumer inflation rate has risen from -0.7% previously to 3.0% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Benin
Total
Benin
per capita
EU
Total
EU
per capita
GDP17.79 bn USD1,428.45 USD17.09 tn USD33,228.68 USD
Gross national product17.12 bn USD1,374.60 USD16.78 tn USD32,621.03 USD

Development of the Gross domestic product in billion US Dollar 1960 - 2021



Im- and Exports 2020

 Benin
Total
Benin
per capita
EU
Total
EU
per capita
Imports3.94 bn USD316.59 USD8,916.24 bn USD17,337.55 USD
Exports3.51 bn USD281.60 USD9,554.34 bn USD18,578.33 USD

Development of imports and exports in millions of USD 1974 - 2020
Exports
Imports

Benin: AirportsThe Cadjehoun Airport (COO) in BeninCadjehoun Airport - the only public airport in Benin with further information on airlines and destinations
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