Data at glance of Benin - average on period

variable 1980-1989 1990-1999 2000-2007 2008-2009 2010-2019 2022 2023 2024 2025 2026
real gdp growth 1.65 4.53 4.27 2.2 4.96 6.4 7.5 7.5 7.0 6.7
CPI % 1.37 8.04 3.34 1.5 1.33 2.7 1.2 1.1 2.0 2.0
Unemployment rate - - - - - - - - - -
Debt/GDP % - 44.2 22.71 19.85 31.57 61.3 60.5 57.3 57.2 55.6
Current account balance/GDP % -6.58 -3.41 -4.39 -6.15 -4.54 -8.2 -6.0 -5.7 -5.0 -4.9

Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here

History

Present-day Benin is comprised of about 42 ethnic groups, including the Yoruba in the southeast, who migrated from what is now Nigeria in the 12th century; the Dendi in the north-central area, who came from Mali in the 16th century; the Bariba and the Fula in the northeast; the Ottamari in the Atakora mountains; the Fon in the area around Abomey in the south-central area; and the Mina, Xueda, and Aja, who came from Togo, on the coast. The Kingdom of Dahomey emerged on the Abomey plateau in the 17th century and was a regional power for much of the 18th and 19th centuries. The growth of Dahomey coincided with the growth of the Atlantic slave trade, and it became known as a major source of enslaved people. France began to control the coastal areas of Dahomey in the second half of the 19th century; the entire kingdom was conquered by 1894. French Dahomey achieved independence in 1960, and it changed its name to the Republic of Benin in 1975. A succession of military governments ended in 1972 with the rise to power of Mathieu KEREKOU and a Marxist-Leninist government. A move to representative government began in 1989. Two years later, free elections ushered in former Prime Minister Nicephore SOGLO as president, marking the first successful transfer of power in Africa from a dictatorship to a democracy. KEREKOU returned to power after elections in 1996 and 2001. He stepped down in 2006 and was succeeded by Thomas YAYI Boni, a political outsider and independent, who won a second term in 2011. Patrice TALON, a wealthy businessman, took office in 2016; the space for pluralism, dissent, and free expression has narrowed under his administration. TALON won a second term in 2021.

Environment

Area: 112,622 sq km km2

Climate: tropical; hot, humid in south; semiarid in north

Natural resources: small offshore oil deposits, limestone, marble, timber

Ethnic characteristics

Groups: Fon and related 38.4%, Adja and related 15.1%, Yoruba and related 12%, Bariba and related 9.6%, Fulani and related 8.6%, Ottamari and related 6.1%, Yoa-Lokpa and related 4.3%, Dendi and related 2.9%, other 0.9%, foreigner 1.9% (2013 est.)

Languages:

Religions: Muslim 27.7%, Roman Catholic 25.5%, Protestant 13.5% (Celestial 6.7%, Methodist 3.4%, other Protestant 3.4%), Vodoun 11.6%, other Christian 9.5%, other traditional religions 2.6%, other 2.6%, none 5.8% (2013 est.)

Government

Capital: Porto-Novo (constitutional capital); Cotonou (seat of government)

Government type: presidential republic

Executive branch

Chief of state: President Patrice TALON (since 6 April 2016)

Head of government: President Patrice TALON (since 6 April 2016)

Legislative branch

Description: National Assembly (Assemblée nationale) - unicameral

Economic Overview

robust economic growth; slightly declining but still widespread poverty; strong trade relations with Nigeria; cotton exporter; COVID-19 has led to capital outflows and border closures; WAEMU member with currency pegged to the euro; recent fiscal deficit and debt reductions

Industries

textiles, food processing, construction materials, cement

GDP by sector: Agriculture: 24.2% (2024 est.), Industry: 17.4% (2024 est.), Services: 48.9% (2024 est.)

Trade

Export partners: UAE 42%, Bangladesh 20%, India 11%, China 5%, Togo 3% (2023)

Export commodities: gold, cotton, coconuts/brazil nuts/cashews, soybeans, wood (2023)

Import partners: China 21%, India 15%, USA 6%, France 6%, Nigeria 4% (2023)

Import commodities: rice, refined petroleum, palm oil, poultry, cars (2023)

Geography

Western Africa, bordering the Bight of Benin, between Nigeria and Togo

Defence

Military expenditure: 2024: 0.7% of GDP (2024 est.)

Information derived from worldfactbook.io (Lupon Media), open successor to the CIA World Factbook. Data sourced from World Bank, IMF, UN and other international organizations.