The Gross Domestic Product (GDP) in Benin expanded 3.40 percent in the fourth quarter of 2020 over the same quarter of the previous year. source: Institut National de la Statistique et de l’Analyse Economique

GDP Annual Growth Rate in Benin averaged 4.11 percent from 1961 until 2020, reaching an all time high of 9.95 percent in the fourth quarter of 1981 and a record low of -4.90 percent in the fourth quarter of 1975. This page provides - Benin GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Benin GDP Annual Growth Rate - values, historical data and charts - was last updated on April of 2021.

GDP Annual Growth Rate in Benin is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Benin to stand at 4.60 in 12 months time. In the long-term, the Benin GDP Annual Growth Rate is projected to trend around 6.50 percent in 2022 and 5.80 percent in 2023, according to our econometric models.

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Benin GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.40 1.60 9.95 -4.90 1961 - 2020 percent Quarterly

Benin GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.40 1.60 9.95 -4.90 percent [+]
GDP 14.39 14.25 14.39 0.23 USD Billion [+]
GDP per capita 1259.81 1211.32 1259.81 688.95 USD [+]
GDP per capita PPP 3287.30 3160.80 3287.30 2175.20 USD [+]
GDP Constant Prices 4629.70 4323.80 4629.70 490.10 XOF Billion [+]
GDP From Agriculture 2083280.00 2025160.00 2083280.00 34580.00 XOF Billion [+]
GDP From Manufacturing 1012.80 949.40 1012.80 63.20 XOF Billion [+]
GDP From Mining 15.90 15.00 15.90 -9.00 XOF Billion [+]
GDP From Public Administration 330.00 314.00 330.00 45.90 XOF Billion [+]
GDP From Services 3841360.00 3813610.00 3841360.00 200980.00 XOF Billion [+]


Benin GDP Annual Growth Rate
Benin is one of the healthiest African democracies and has an active civil society. Agriculture is the most important sector of the economy. A large part of the population still depends on subsistence agriculture and agriculture products account for over 70 percent of total exports. Recent government investment in infrastructure, agriculture and tourism may result in growth in coming years.