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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 586.45 619 626 644 638 736 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 5.00 5.7 5.5 5.3 5.2 5.8 percent [+]
GDP 8.29 9.09 8.73 8.37 8.39 8.07 USD Billion [+]
GDP per capita 804.72 804 803 803 805 834 USD [+]
GDP per capita PPP 1931.66 1935 1922 1910 1907 2005 USD [+]
GDP Constant Prices 4048.60 2610 3190 3771 3931 3540 XOF Billion [+]
GDP From Agriculture 881.30 718 793 867 907 1201 XOF Billion [+]
GDP From Manufacturing 778.80 501 649 797 781 506 XOF Billion [+]
GDP From Mining 10.70 5.39 7.26 9.13 9.54 15.19 XOF Billion [+]
GDP From Public Administration 315.00 255 305 355 365 499 XOF Billion [+]
GDP From Services 1491.30 936 1180 1424 1437 1080 XOF Billion [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 1.00 1 1.12 1.24 1.25 1 percent [+]
Population 11.19 11.32 11.4 11.49 11.56 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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate -2.30 0.4 0.5 0.8 1 1.61 percent [+]
Food Inflation -4.90 -3.96 -4.19 -4.05 -4.11 -4.09 percent [+]
Consumer Price Index CPI 109.80 110 110 110 110 110 Index Points [+]
Cpi Transportation 112.70 112 112 112 112 112 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 4.50 4.5 4.5 4.5 4.5 4.5 percent [+]
Deposit Interest Rate 5.57 5.93 5.91 5.89 5.78 5.88 percent [+]
Interbank Rate 3.96 4.85 4.87 4.87 4.87 4.87 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -379.80 -230 -284 -322 -307 -287 CFA Franc Billion [+]
Exports 29.75 39.34 32.18 28.1 38.75 31.73 CFA Franc Billion [+]
Imports 409.56 313 335 359 338 336 CFA Franc Billion [+]
Current Account -884.91 -746 -780 -814 -810 -964 USD Million [+]
Current Account to GDP -15.10 -10.9 -10.99 -11.08 -11.1 -12.54 percent [+]
Terrorism Index 0.00 0.06 0.07 0.07 0.07 0.07 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 20.80 21.1 19.97 18.85 19.1 19.71 percent [+]
Government Budget -4.30 -2.58 -2.84 -3.09 -2.86 -2.57 percent of GDP [+]
Military Expenditure 96.40 98.52 99.23 99.77 100 101 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Leading Economic Index 0.60 0.63 0.61 0.61 0.61 0.61 [+]
Ease of Doing Business 155.00 158 160 162 163 167 [+]
Capacity Utilization 65.60 72.53 72.53 67.02 67.16 69.9 percent [+]
Competitiveness Index 3.47 3.46 3.46 3.46 3.4 3.43 Points [+]
Competitiveness Rank 124.00 121 121 121 126 126 [+]
Corruption Index 36.00 36 36 35 35 36 Points [+]
Corruption Rank 95.00 92 93 93 93 94 [+]
Industrial Production -19.00 -9.48 -4.94 -3.31 -8.76 -8.12 percent [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Retail Sales Yoy -27.20 25.32 5.32 -6.01 -20.35 -2.48 percent [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Sales Tax Rate 18.00 18 18 18 18 18 percent [+]