Benin | Economic Forecasts | 2017-2020 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 Q3/17 Q4/17 Q1/18 Q2/18 2020
Currency 543.38 540 534 529 523 463 [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Annual Growth Rate 5.30 5.5 5.3 5.2 5.2 5.8 percent [+]
GDP 8.58 9.08 9.23 9.23 9.22 9.29 USD Billion [+]
GDP per capita 837.30 842 848 850 852 868 USD [+]
GDP per capita PPP 2010.00 2004 2013 2021 2028 2090 USD [+]
GDP Constant Prices 4094.80 4170 4211 4239 4266 4548 XOF Billion [+]
GDP From Agriculture 855.40 881 874 881 888 945 XOF Billion [+]
GDP From Manufacturing 874.40 859 884 886 888 890 XOF Billion [+]
GDP From Mining 14.70 12.01 12.15 12.02 11.89 9.91 XOF Billion [+]
GDP From Public Administration 315.90 324 322 325 327 349 XOF Billion [+]
GDP From Services 1510.50 1550 1555 1568 1580 1693 XOF Billion [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 1.00 1.12 1.24 1.25 1.27 1 percent [+]
Population 11.19 11.4 11.49 11.56 11.64 12.4 Million [+]
Living Wage Individual 63300.00 63450 63450 63450 63450 63450 XOF/Month [+]
Wages High Skilled 120000.00 115000 115000 115000 115000 115000 XOF/Month [+]
Wages Low Skilled 48000.00 48000 48000 48000 48000 48000 XOF/Month [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 0.10 -1.5 -0.8 1 1.1 1.61 percent [+]
Food Inflation -0.50 -1.2 0.03 0.49 0.88 1.62 percent [+]
Consumer Price Index CPI 113.60 112 112 112 112 112 Index Points [+]
CPI Transportation 113.10 113 113 113 113 113 Index Points [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 4.50 4.5 4.5 4.5 4.5 4.5 percent [+]
Deposit Interest Rate 7.11 7.5 7.66 7.71 7.76 8.51 percent [+]
Interbank Rate 5.41 5.41 5.21 5.27 5.26 5.26 percent [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade -177.26 -291 -318 -290 -232 -272 CFA Franc Billion [+]
Exports 165.84 119 71.65 95.25 147 111 CFA Franc Billion [+]
Imports 343.10 353 373 356 352 355 CFA Franc Billion [+]
Current Account -744.72 -761 -746 -749 -752 -897 USD Million [+]
Current Account to GDP -7.10 -10 -10 -8 -8 -5 percent [+]
Terrorism Index 0.00 0.04 0.04 0.05 0.05 0.07 [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 23.20 22 22 19 19 20 percent [+]
Government Budget -4.30 -2.84 -3.09 -2.86 -2.64 -2.57 percent of GDP [+]
Military Expenditure 96.40 98.09 98.8 99.63 100 108 USD Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Leading Economic Index 0.80 0.77 0.73 0.73 0.74 0.74 [+]
Ease of Doing Business 155.00 160 162 163 164 167 [+]
Capacity Utilization 65.90 68.8 69.33 67.88 67.67 67.98 percent [+]
Competitiveness Index 3.47 3.46 3.46 3.41 3.4 3.43 Points [+]
Competitiveness Rank 124.00 121 121 125 126 126 [+]
Corruption Index 36.00 36 35 35 36 36 Points [+]
Corruption Rank 95.00 93 93 93 93 94 [+]
Industrial Production -12.00 -3.22 -3.16 -9.46 -11.65 -6.86 percent [+]
CONSUMER Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Retail Sales Yoy 39.20 45.97 48.36 47.3 47.77 47.63 percent [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Sales Tax Rate 18.00 18 18 18 18 18 percent [+]