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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 574.72
569 575 581 587 612
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 5.80
percent
6.1 6 6.2 6.3 5.8
GDP 9.27
USD Billion
9.3 9.4 9.4 9.4 9.5
GDP per capita 859.95
USD
899 907 907 907 916
GDP per capita PPP 2064.24
USD
2100 2178 2178 2178 2200
GDP Constant Prices 4323.80
XOF Billion
4583 4592 4596 4886 5169
GDP From Agriculture 900.20
XOF Billion
954 956 957 1017 1076
GDP From Manufacturing 943.50
XOF Billion
1000 1002 1003 1066 1128
GDP From Mining 15.00
XOF Billion
15.9 15.93 15.95 16.95 17.93
GDP From Public Administration 314.00
XOF Billion
333 333 334 355 375
GDP From Services 1593.00
XOF Billion
1689 1692 1693 1800 1904
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 2.50
percent
2.5 2.5 2.5 2.5 2
Population 11.50
Million
11.8 11.87 11.95 12.03 12.72
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate -0.90
percent
0.7 0.9 1 1.1 1.61
Food Inflation -5.10
percent
-1.5 2 2 2.5 3
Inflation Rate Mom -0.60
percent
0.1 0.02 0.06 0.04 0.05
Consumer Price Index CPI 113.00
Index Points
112 115 114 116 118
Cpi Housing Utilities 114.30
Index Points
114 114 114 114 114
CPI Transportation 121.20
Index Points
116 119 121 118 120
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 4.50
percent
4.5 4.5 4.5 4.5 4.5
Deposit Interest Rate 6.93
percent
6.93 6.93 6.93 6.93 6.93
Interbank Rate 4.44
percent
4.44 4.44 4.44 4.44 4.44
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -190.39
CFA Franc Billion
-332 -253 -249 -314 -308
Exports 147.15
CFA Franc Billion
96.37 145 163 117 116
Imports 337.54
CFA Franc Billion
438 398 412 431 424
Current Account -808.74
USD Million
-769 -812 -855 -897 -931
Current Account to GDP -11.00
percent
-8 -7 -7 -7 -5
Terrorism Index 0.00
0 0 0 0 0
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 22.10
percent
19 23 23 23 20
Government Budget -5.80
percent of GDP
-5.8 -4.97 -4.97 -4.97 -5.8
Military Expenditure 112.26
USD Million
99.41 104 110 115 126
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Internet Speed 1516.62
KBps
1534 1534 1519 1537 1530
IP Addresses 5580.00
IP
5035 4990 4951 4917 4749
Ease of Doing Business 153.00
148 153 155 157 156
Capacity Utilization 57.00
percent
57.34 58.37 58.38 58.08 57.82
Competitiveness Index 44.40
Points
44.9 44.9 44.9 44.9 47.4
Competitiveness Rank 123.00
123 123 123 123 123
Corruption Index 39.00
Points
39 39 39 39 39
Corruption Rank 85.00
85 85 85 85 85
Industrial Production -9.60
percent
20.16 31.07 26.06 9.96 14.06
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Retail Sales Yoy 7.00
percent
0.73 17.34 10.32 8.91 10.78
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Sales Tax Rate 18.00
percent
18 18 18 18 18
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 25.99
celsius
26.69 28.35 27.81 27.81 27.85



Benin - Economic Forecasts - 2018-2020 Outlook