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Benin

Benin : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$2.213 billion (2011 est.)
$1.802 billion (2010 est.)

Exports

$1.849 billion (2011 est.)
$1.487 billion (2010 est.)

Inflation rate (consumer prices)

2.7% (2011 est.)
2.3% (2010 est.)

Unemployment rate

NA%

GDP - per capita (PPP)

$1,500 (2011 est.)
$1,500 (2010 est.)
$1,500 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

3% (2010 est.)
2.7% (2009 est.)
5.1% (2008 est.)

Internet users

200,100 (2009)

Telephones - mobile cellular

7.075 million (2010)

Population growth rate

2.877% (2012 est.)

Population

9,598,787 (July 2012 est.)
note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected

Historical background

Present day Benin was the site of Dahomey, a prominent West African kingdom that rose in the 15th century.

The territory became a French Colony in 1872 and achieved independence on 1 August 1960, as the Republic of Benin.

A succession of military governments ended in 1972 with the rise to power of Mathieu KEREKOU and the establishment of a government based on Marxist-Leninist principles.

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Benin

Economic overview

The economy of Benin remains underdeveloped and dependent on subsistence agriculture, cotton production, and regional trade.

Growth in real output had averaged about 4% before the global recession, but fell to 2.

5% in 2009 and 3% in 2010.

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Oxford Economics

Country Economic Forecasts > Benin

Country Economic Forecasts > Benin

  • $ 185
  • Country report
  • May 2013
  • by Oxford Economics

GDP growth is estimated to have remained above 3% in 2011 and 2012, after being badly hit by flooding in 2010. We expect it to rise further to 4% this year, following a marked increase in cotton production ...

  • Countries : Benin

The Economist Intelligence Unit

Country Report Benin 1st Quarter 2014

Country Report Benin 1st Quarter 2014

  • $ 285
  • Country report
  • January 2014
  • by The Economist Intelligence Unit

Outlook for 2014-15 Although the president, Boni Yayi, is expected to remain in power until the 2016 polls, he will find it increasingly challenging to implement his political and economic reform programme ...

  • Countries : Benin

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