In 2023, Benin's GDP is primarily driven by the services sector at 26.96%, with agriculture including hunting, forestry, and fishing contributing 22.97%. The industrial sectors, specifically mining, manufacturing, and utilities, account for 16.26% of GDP. Wholesale, retail trade, restaurants, and hotels follow closely at 14.94%, while transport, storage, and communication hold an 11.03% share. Construction represents 7.84%. Year-on-year data indicate slight variations in sectoral GDP contributions, with the last CAGR reflecting balanced growth across these sectors over the past five years.
Future trends for Benin's GDP composition may include:
- An increasing share of the services sector as digital technologies further penetrate the economy.
- Potential growth in the agricultural sector driven by investments in productivity enhancements.
- Steady development in infrastructure which may boost the construction sector's GDP contribution.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 26.96 | 2016 | |
| 2 | 2 Agriculture, hunting, forestry, fishing | 22.97 | 2016 | |
| 3 | 3 Mining, Manufacturing, Utilities | 16.26 | 2016 | |
| 4 | 4 Wholesale, retail trade, restaurants and hotels | 14.94 | 2016 | |
| 5 | 5 Transport, storage and communication | 11.03 | 2016 | |
| 6 | 6 Construction | 7.84 | 2016 |
