Benin - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Benin including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Benin economy.


MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 531.94
574 591 608 625 700
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 5.50
percent
5.2 5.2 4.6 5.53 5.8
GDP 8.58
USD Billion
8.45 8.5 8.55 8.6 7.8
GDP per capita 837.30
USD
830 833 837 841 834
GDP per capita PPP 2010.00
USD
1990 1995 2001 2006 1992
GDP Constant Prices 4094.80
XOF Billion
3979 4017 4054 4092 3920
GDP From Agriculture 855.40
XOF Billion
877 867 858 849 811
GDP From Manufacturing 874.40
XOF Billion
793 817 840 864 804
GDP From Mining 14.70
XOF Billion
11.76 11.98 12.19 12.41 9.3
GDP From Public Administration 315.90
XOF Billion
321 320 318 317 308
GDP From Services 1510.50
XOF Billion
1505 1507 1509 1511 1451
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 1.00
percent
1 1 1 1 1
Population 11.19
Million
11.24 11.33 11.41 11.49 12.45
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 2.80
percent
2.1 2.2 2.6 2.4 1.61
Food Inflation 5.40
percent
3.5 3 2.66 2.47 2.2
Consumer Price Index CPI 113.30
Index Points
113 113 112 112 111
CPI Transportation 112.70
Index Points
112 112 112 111 110
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 4.50
percent
4.5 4.5 4.5 4.5 4
Deposit Interest Rate 7.11
percent
7.17 7.33 7.5 7.66 8.51
Interbank Rate 6.04
percent
5.28 5.27 5.25 5.23 5.2
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -177.26
CFA Franc Billion
-255 -209 -232 -260 -219
Exports 165.84
CFA Franc Billion
67.34 119 118 77.87 89.61
Imports 343.10
CFA Franc Billion
343 337 335 335 308
Current Account -744.72
USD Million
-748 -728 -708 -688 -696
Current Account to GDP -7.10
percent
-8 -8 -6.22 -8 -5
Terrorism Index 0.00
0.05 0.05 0.05 0.05 0.08
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 23.20
percent
19 19 25.67 19 20
Government Budget -6.20
percent of GDP
-4.98 -4.69 -4.39 -4.1 -1.56
Military Expenditure 96.40
USD Million
95.38 95.93 96.48 97.03 94.45
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Internet Speed 1516.62
KBps
1468 1468 1429 1404 1235
IP Addresses 5580.00
IP
5158 5071 4990 4914 4480
Leading Economic Index 0.70
Percent
0.57 0.53 0.51 0.5 0.49
Ease of Doing Business 151.00
153 151 150 149 161
Capacity Utilization 62.30
percent
64.84 67.57 66.4 67.18 66.43
Competitiveness Index 3.47
Points
3.49 3.49 3.49 3.49 3.5
Competitiveness Rank 120.00
122 122 122 122 118
Corruption Index 36.00
Points
35 35 35 35 32
Corruption Rank 95.00
91 93 94 95 96
Industrial Production 39.70
percent
-1.37 -18.24 -16.52 -5.46 1.5
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Retail Sales Yoy 16.80
percent
1.5 -0.82 4.51 -12.37 2.98
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Sales Tax Rate 18.00
percent
18 18 18 18 18
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Temperature 25.99
celsius
28.29 28.47 25.5 26.69 27.85