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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 554.02 545 540 534 529 468 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 5.30 5.3 5.2 5.2 4.4 5.8 percent [+]
GDP 8.58 8.6 8.45 8.3 8.15 7.8 USD Billion [+]
GDP per capita 837.30 841 840 839 838 834 USD [+]
GDP per capita PPP 2010.00 2006 2006 2006 2006 1992 USD [+]
GDP Constant Prices 4094.80 4092 4081 4070 4060 3920 XOF Billion [+]
GDP From Agriculture 855.40 849 847 846 845 811 XOF Billion [+]
GDP From Manufacturing 874.40 864 861 858 855 804 XOF Billion [+]
GDP From Mining 14.70 12.41 12.17 11.93 11.69 9.3 XOF Billion [+]
GDP From Public Administration 315.90 317 316 316 316 308 XOF Billion [+]
GDP From Services 1510.50 1511 1508 1505 1502 1451 XOF Billion [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 1.00 1 1 1 1 1 percent [+]
Population 11.19 11.49 11.57 11.65 11.73 12.45 Million [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 3.10 2 2.1 2.2 2.3 1.61 percent [+]
Food Inflation 9.70 3.8 3.25 2.76 2.5 2.19 percent [+]
Consumer Price Index CPI 110.50 113 113 113 112 111 Index Points [+]
CPI Transportation 113.00 113 112 112 112 110 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 4.50 4.5 4.5 4.5 4.5 4 percent [+]
Deposit Interest Rate 7.11 7.66 7.71 7.76 7.81 8.51 percent [+]
Interbank Rate 5.58 5.29 5.25 5.23 5.22 5.2 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -177.26 -305 -255 -209 -232 -219 CFA Franc Billion [+]
Exports 165.84 51.67 67.34 119 118 89.61 CFA Franc Billion [+]
Imports 343.10 358 343 337 335 308 CFA Franc Billion [+]
Current Account -744.72 -688 -674 -661 -648 -696 USD Million [+]
Current Account to GDP -7.10 -10 -8 -8 -6.56 -5 percent [+]
Terrorism Index 0.00 0.05 0.06 0.07 0.07 0.08 [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 23.20 22 19 19 28.42 20 percent [+]
Government Budget -6.20 -4.1 -3.63 -3.15 -2.68 -1.56 percent of GDP [+]
Military Expenditure 96.40 97.03 97.14 97.25 97.36 94.45 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Internet Speed 1516.62 1497 1468 1468 1429 1235 KBps [+]
IP Addresses 5580.00 5249 5158 5071 4990 4480 IP [+]
Leading Economic Index 0.80 0.57 0.55 0.51 0.5 0.48 [+]
Ease of Doing Business 151.00 154 151 150 149 161 [+]
Capacity Utilization 68.40 67.21 66.05 66.34 66.13 66.53 percent [+]
Competitiveness Index 3.47 3.49 3.49 3.49 3.49 3.5 Points [+]
Competitiveness Rank 120.00 122 122 122 122 118 [+]
Corruption Index 36.00 35 34 34 34 32 Points [+]
Corruption Rank 95.00 95 95 96 96 96 [+]
Industrial Production 39.40 13.12 -2.73 -11.36 -6.66 1.36 percent [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Retail Sales Yoy 11.60 40.53 1.4 2.37 -0.97 0.05 percent [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Sales Tax Rate 18.00 18 18 18 18 18 percent [+]
CLIMATE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Temperature 25.00 27.35 27.35 27.36 27.35 27.35 celsius [+]