What is the GDP of Benin?

Benin's GDP is approximately $21.5 billion USD. The GDP growth rate is 7.5%.

What is the population of Benin?

Benin has a population of approximately 14.5 million people. The population growth rate is 2.5%.

What is the inflation rate in Benin?

The inflation rate in Benin is 1.2%.

What is the unemployment rate in Benin?

The unemployment rate in Benin is 1.6%.

What is the GDP per capita of Benin?

Benin's GDP per capita is approximately $1,485 USD.

Is Benin a good country to invest in?

Benin has an investment score of 37/100, classified as "Caution" risk. Key sectors include Agriculture (Cotton), Trade & Logistics, Construction. Credit rating: NR.

How open is Benin's economy to trade?

Benin's trade openness (trade as % of GDP) is 41%. Exports total approximately $4B and imports $4.7B.

How much foreign investment does Benin attract?

Foreign direct investment (FDI) in Benin is 2.5% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Benin?

Benin's economy is composed of services (49% of GDP), industry (17% of GDP), and agriculture (24% of GDP).

Can I start a business in Benin as a foreigner?

Benin offers various options for foreign entrepreneurs. Visit our business setup guide for Benin for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Benin's economy growing?

Benin's GDP growth rate is 7.5%. This is above the global average, indicating strong economic momentum.

🇧🇯

Benin Economy Overview

Name: Benin Economic Data
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Sub-Saharan AfricaLower MiddleCapital: Porto-NovoBEN

Caution

Growing

21.5B USD

GDP (Nominal)

Growing at 7.5%

$1,485

GDP Per Capita

Developing economy

14.5M

Population

+2.5% annual growth

Stable

1.2%

Inflation

Price stability

41%of GDP

Trade Openness

Strong

2.5%of GDP

FDI Inflows

Public Debt

Low

1.6%

Unemployment

Deficit

-$0.7B

Trade Balance

GDP

Billion USD, nominal

$21.5B

2024+1.8B

GDP Growth

Annual %

7.5%

2024+1.1%

Inflation

Consumer prices, annual %

1.2%

2024-1.5%

Population

Millions

14.5M

2024+0.4M

Economic Structure

Services49%

Industry17%

Agriculture24%

Investment Score Breakdown

Economic Health (30%)38

Political Safety (25%)35

Business Climate (20%)38

Financial Strength (15%)32

Growth Potential (10%)50

Key Sectors

Agriculture (Cotton)

22% of GDP

stable

Trade & Logistics

15% of GDP

growing

Construction

5% of GDP

growing

Should I Invest in Benin?

CautionSetup: ModerateROI: Moderate

Benin scores 37/100 on the NationsData Investment Index, rated "Caution". The economy is growing at 6%, offering expanding market opportunity.

Investment Score37/100

GDP Growth6%

Inflation3%

FDI/GDP1.5%

Public Debt52%

Political Stability-0.2

Strengths

+Strong GDP growth at 6% - expanding market opportunity
+Low inflation (3%) - stable pricing environment

Risks

-Moderate political risk - monitor regulatory changes closely
-Corruption is a significant concern - budget for compliance and due diligence
-Large current account deficit (-5%) - currency depreciation risk

Also Consider

Uganda

Same region, similar income level

Zambia

Same region, similar income level

Cameroon

Same region, similar income level

Tanzania

Same region, similar income level

Countries Similar to Benin

Based on investment profile, economic size, growth rate, and region

🇿🇲

Zambia

Similar investment profile · Similar risk level

97% match

🇹🇿

Tanzania

Similar investment profile · Similar risk level

93% match

🇺🇬

Uganda

Similar investment profile · Similar risk level

93% match

🇨🇲

Cameroon

Similar investment profile · Similar risk level

93% match

🇬🇳

Guinea

Similar income level · Similar growth rate

93% match

Start a Business in Benin

Entity types, registration steps, costs, tax rates, labor laws, and break-even calculator

Explore more for Benin

Go deeper with Benin

Unlock investment risk scores, business setup guides, and cost calculators for Benin and 40+ other countries.

Loading Macroeconomic Data

Fetching live data from World Bank...