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Benin
Benin
HistorySaid – ranking
Benin ranks 68th globally by GDP ($21.5B in 2024). View →
HistorySaid – inflation
Inflation in Benin fell from 2.7% (2023) to 1.2% (2024) – a 1.6pp shift. View →
HistorySaid – population
Benin has a population of 14.5 million as of 2024 (growth: 2.49%). View →
Economy & Growth
GDP $21.5B
GDP per Capita $1,485
GDP Growth 7.45%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Value Added | 26.90% | 25.40% | 24.23% | 23.77% Trend | 22.88% Trend | 21.99% Trend | – | – | – |
| GDP | $17.4B | $19.7B | $21.5B | $24.4B IMF WEO Oct 2025 | $27.5B IMF WEO Oct 2025 | $29.8B IMF WEO Oct 2025 | $32.3B IMF WEO Oct 2025 | $34.9B IMF WEO Oct 2025 | $37.7B IMF WEO Oct 2025 |
| GDP Deflator | 4.14% | 3.39% | 1.57% | 2.46% Trend | 2.38% Trend | 2.29% Trend | – | – | – |
| GDP Growth | 6.25% | 6.35% | 7.45% | 7.04% IMF WEO Oct 2025 | 6.72% IMF WEO Oct 2025 | 6.59% IMF WEO Oct 2025 | 6.49% IMF WEO Oct 2025 | 6.00% IMF WEO Oct 2025 | 5.97% IMF WEO Oct 2025 |
| GDP PPP | $52.9B | $58.3B | $64.1B | $70.4B IMF WEO Oct 2025 | $76.5B IMF WEO Oct 2025 | $82.9B IMF WEO Oct 2025 | $89.7B IMF WEO Oct 2025 | $96.8B IMF WEO Oct 2025 | $104.5B IMF WEO Oct 2025 |
| GDP per Capita | $1,266 | $1,394 | $1,485 | $1,635 IMF WEO Oct 2025 | $1,788 IMF WEO Oct 2025 | $1,884 IMF WEO Oct 2025 | $1,984 IMF WEO Oct 2025 | $2,079 IMF WEO Oct 2025 | $2,181 IMF WEO Oct 2025 |
| GDP per Capita PPP | $3,844 | $4,130 | $4,435 | $4,719 IMF WEO Oct 2025 | $4,982 IMF WEO Oct 2025 | $5,245 IMF WEO Oct 2025 | $5,511 IMF WEO Oct 2025 | $5,766 IMF WEO Oct 2025 | $6,039 IMF WEO Oct 2025 |
| GNI | $17.3B | $19.5B | $21.3B | $22.2B Trend | $23.6B Trend | $24.9B Trend | – | – | – |
| GNI per Capita | $1,360 | $1,390 | $1,430 | $1,507 Trend | $1,566 Trend | $1,625 Trend | – | – | – |
| Gross Savings | 28.59% | 30.15% | – | 28.29% IMF WEO Oct 2025 | 29.56% IMF WEO Oct 2025 | 29.97% IMF WEO Oct 2025 | 30.60% IMF WEO Oct 2025 | 31.13% IMF WEO Oct 2025 | 31.60% IMF WEO Oct 2025 |
| Industry Value Added | 17.02% | 17.30% | 17.38% | 17.80% Trend | 18.10% Trend | 18.40% Trend | – | – | – |
| Services Value Added | 46.89% | 47.72% | 48.88% | 48.60% Trend | 48.98% Trend | 49.36% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
Inflation Rate 1.16%
Consumer Price Index 122.24
PPP Conversion Factor 203.10
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Consumer Price Index | 117.61 | 120.83 | 122.24 | 124.50 Trend | 126.61 Trend | 128.72 Trend | – | – | – |
| Inflation Rate | 1.35% | 2.74% | 1.16% | 2.10% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 | 2.00% IMF WEO Oct 2025 |
| PPP Conversion Factor | 205.21 | 204.79 | 203.10 | 199.83 Trend | 197.33 Trend | 194.84 Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Population
Population 14.5M
Population Growth 2.46%
Population Density 125.1
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| Birth Rate | 33.9 | – | – | 32.8 Trend | 32.2 Trend | – | – |
| Death Rate | 8.8 | – | – | 8.6 Trend | 8.5 Trend | – | – |
| Dependency Ratio | 81.57 | 80.74 | – | 79.87 Trend | 79.02 Trend | 78.16 Trend | – |
| Fertility Rate | 4.56 | – | – | 4.38 Trend | 4.29 Trend | – | – |
| Life Expectancy | 60.8 | – | – | 61.0 Trend | 61.2 Trend | – | – |
| Net Migration | -192 | -7,725 | -7,847 | – | -10,851 Trend | -13,519 Trend | -16,188 Trend |
| Population | 14.1M | 14.5M | – | 14.8M Trend | 15.2M Trend | 15.5M Trend | – |
| Population Density | 125.1 | – | – | 131.2 Trend | 134.3 Trend | – | – |
| Population Growth | 2.52% | 2.46% | – | 2.42% Trend | 2.37% Trend | 2.32% Trend | – |
| Refugee Population | – | – | – | – | – | – | – |
| Urban Population | 51.75% | 52.55% | – | 53.30% Trend | 54.08% Trend | 54.85% Trend | – |
Italic values are IMF World Economic Outlook projections.
Employment
Unemployment Rate 1.59%
Youth Unemployment 2.89%
Labor Force Participation 76.36%
▾
| Indicator | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| Agriculture Employment | 41.86% | 41.05% | 40.24% | 39.45% Trend | 38.65% Trend | 37.85% Trend |
| Female Labor Participation | 74.80% | 74.99% | 75.16% | 75.22% Trend | 75.34% Trend | 75.45% Trend |
| Industry Employment | 18.30% | 18.28% | 18.32% | 18.41% Trend | 18.46% Trend | 18.51% Trend |
| Labor Force Participation | 76.27% | 76.27% | 76.36% | 76.42% Trend | 76.47% Trend | 76.53% Trend |
| Services Employment | 39.84% | 40.67% | 41.44% | 42.14% Trend | 42.89% Trend | 43.64% Trend |
| Unemployment Rate | 1.64% | 1.64% | 1.59% | – | – | – |
| Youth Unemployment | 3.09% | 3.09% | 2.89% | 2.86% Trend | 2.79% Trend | 2.71% Trend |
Italic values are IMF World Economic Outlook projections.
Government
Tax Revenue 10.79%
Military Spending 0.72%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Budget Deficit | -5.56% | -4.13% | -3.06% | -2.90% IMF WEO Oct 2025 | -2.90% IMF WEO Oct 2025 | -2.90% IMF WEO Oct 2025 | -2.90% IMF WEO Oct 2025 | -2.90% IMF WEO Oct 2025 | -2.90% IMF WEO Oct 2025 |
| Education Spending | – | – | – | – | – | – | – | – | – |
| Government Debt to GDP | 54.19% | 54.90% | 53.44% | 50.74% IMF WEO Oct 2025 | 49.59% IMF WEO Oct 2025 | 48.71% IMF WEO Oct 2025 | 47.88% IMF WEO Oct 2025 | 47.28% IMF WEO Oct 2025 | 46.78% IMF WEO Oct 2025 |
| Government Revenue | 14.31% | 15.04% | 14.99% | 15.57% IMF WEO Oct 2025 | 15.85% IMF WEO Oct 2025 | 16.35% IMF WEO Oct 2025 | 16.74% IMF WEO Oct 2025 | 17.13% IMF WEO Oct 2025 | 17.52% IMF WEO Oct 2025 |
| Government Spending | – | – | – | – | – | – | – | – | – |
| Health Spending | 2.98% | 3.34% | – | 3.30% Trend | 3.36% Trend | – | – | – | – |
| Military Spending | 0.63% | 0.76% | 0.72% | 0.84% Trend | 0.92% Trend | 0.99% Trend | – | – | – |
| Tax Revenue | – | – | – | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Debt
External Debt $14.2B
External Debt to GNI 66.55%
Short-term Debt 8.97%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Debt Service | 11.27% | 18.10% | 26.81% | 28.21% Trend | 32.24% Trend | 36.27% Trend |
| Domestic Credit | – | – | – | – | – | – |
| External Debt | $10.9B | $12.5B | $14.2B | $15.3B Trend | $16.7B Trend | $18.0B Trend |
| External Debt to GNI | 63.16% | 64.41% | 66.55% | 70.23% Trend | 73.07% Trend | 75.92% Trend |
| Interest Payments to Revenue | – | – | – | – | – | – |
| Short-term Debt | 15.15% | 10.32% | 8.97% | 6.72% Trend | 4.36% Trend | 2.00% Trend |
Italic values are IMF World Economic Outlook projections.
Money
Lending Rate 6.25%
Deposit Rate 5.30%
Real Interest Rate 4.56%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Credit to GDP | 17.10% | 18.61% | 18.98% | 20.13% Trend | 21.13% Trend | 22.12% Trend |
| Deposit Rate | – | – | – | – | – | – |
| Lending Rate | – | – | – | – | – | – |
| M2 Money Supply Growth | 13.01% | -0.39% | 1.37% | -5.08% Trend | -9.98% Trend | -14.87% Trend |
| Non-Performing Loans | – | – | – | – | – | – |
| Real Interest Rate | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Currency
Exchange Rate 606.35
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Exchange Rate | 622.91 | 606.65 | 606.35 | 627.81 Trend | 639.42 Trend | 651.04 Trend |
| Foreign Reserves | – | – | – | – | – | – |
| Real Effective Exchange Rate | – | – | – | – | – | – |
| Reserves in Months of Imports | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Trade
Exports $4.5B
Imports $6.2B
Trade Balance $-635.8M
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Current Account Balance | -5.69% | -8.18% | – | -5.55% IMF WEO Oct 2025 | -4.98% IMF WEO Oct 2025 | -4.70% IMF WEO Oct 2025 | -4.53% IMF WEO Oct 2025 | -4.30% IMF WEO Oct 2025 | -4.22% IMF WEO Oct 2025 |
| Exports | $4.3B | $4.5B | – | $5.1B Trend | $5.3B Trend | – | – | – | – |
| FDI Inflows | 2.16% | 2.25% | 2.53% | 2.94% Trend | 3.25% Trend | 3.57% Trend | – | – | – |
| FDI Outflows | 0.27% | 0.07% | 0.28% | 0.23% Trend | 0.24% Trend | 0.25% Trend | – | – | – |
| Imports | $5.3B | $6.2B | – | $7.0B Trend | $7.5B Trend | – | – | – | – |
| Remittances Received | $250.4M | $338.5M | $235.6M | $302.9M Trend | $319.9M Trend | $336.9M Trend | – | – | – |
| Tourism Receipts | – | – | – | – | – | – | – | – | – |
| Trade Balance | $-479.4M | $-916.0M | $-635.8M | $-633.3M Trend | $-582.4M Trend | $-531.6M Trend | – | – | – |
| Trade Openness | 44.38% | 44.66% | 40.64% | 40.98% Trend | 39.80% Trend | 38.63% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Financial Markets
▾
| Indicator | 2019 | 2020 | 2021 |
|---|---|---|---|
| Interest Rate Spread | 1.38% | 1.44% | 0.95% |
| Listed Companies | – | – | – |
| Market Capitalization | – | – | – |
| Stock Turnover Ratio | – | – | – |
Italic values are IMF World Economic Outlook projections.
Political Stability
Political Stability -0.35
Government Effectiveness -0.22
Regulatory Quality -0.30
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Control of Corruption | -0.17 | -0.09 | -0.05 | 0.07 Trend | 0.12 Trend |
| Government Effectiveness | -0.24 | -0.17 | -0.22 | -0.02 Trend | 0.05 Trend |
| Political Stability | -0.40 | -0.34 | -0.35 | -0.29 Trend | -0.27 Trend |
| Regulatory Quality | -0.45 | -0.35 | -0.30 | -0.23 Trend | -0.19 Trend |
| Rule of Law | -0.63 | -0.60 | -0.51 | -0.43 Trend | -0.38 Trend |
| Voice and Accountability | -0.23 | -0.34 | -0.22 | -0.49 Trend | -0.57 Trend |
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $47
Infant Mortality Rate 46.4
Maternal Mortality Ratio 518.00
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Health Expenditure per Capita | $38 | $38 | $47 | $49 Trend | $52 Trend |
| Hospital Beds | 0.43 | – | – | – | – |
| Infant Mortality Rate | 49.1 | 47.7 | 46.4 | 43.7 Trend | 42.3 Trend |
| Maternal Mortality Ratio | 584.00 | 547.00 | 518.00 | 504.20 Trend | 490.30 Trend |
| Physicians | 0.21 | 0.19 | 0.22 | 0.30 Trend | 0.33 Trend |
Italic values are IMF World Economic Outlook projections.
Education
Literacy Rate 51.38%
Tertiary Enrollment 10.24%
Education Spending 3.23%
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Education Spending | 3.10% | 3.10% | 3.23% | 3.49% Trend | 3.61% Trend |
| Literacy Rate | 43.83% | 51.38% | – | 49.56% Trend | – |
| Primary Enrollment | 105.63% | 108.04% | – | 102.91% Trend | – |
| Tertiary Enrollment | 9.83% | 10.24% | – | 8.86% Trend | – |
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 54.50%
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| CO2 Emissions | – | – | – | – | – |
| CO2 per Capita | – | – | – | – | – |
| Electricity Access | 42.00% | 56.50% | 57.00% | 67.10% Trend | 72.05% Trend |
| Energy Use per Capita | 376 | 376 | – | 336 Trend | – |
| Forest Area | 27.36% | 26.92% | 26.47% | 25.59% Trend | 25.14% Trend |
| Renewable Energy | 54.50% | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 32.21%
Mobile Subscriptions 116.04
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| High-tech Exports | 4.29% | 4.42% | 30.54% | 26.49% Trend | 32.40% Trend | 38.31% Trend |
| Internet Users | 30.01% | 32.21% | – | 39.13% Trend | 42.26% Trend | – |
| Mobile Subscriptions | 105.75 | 116.04 | – | 132.62 Trend | 141.62 Trend | – |
| Patent Applications | – | – | – | – | – | – |
| R&D Spending | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Inequality
Gini Index 34.4
Poverty Rate 27.20%
Income Share Top 10% 27.20%
▾
| Indicator | 2015 | 2018 | 2021 |
|---|---|---|---|
| Gini Index | 47.6 | 37.9 | 34.4 |
| Income Share Bottom 10% | 1.10% | 2.90% | 3.10% |
| Income Share Top 10% | 37.60% | 30.00% | 27.20% |
| Poverty Rate | 65.80% | 37.20% | 27.20% |
Italic values are IMF World Economic Outlook projections.