Benin - Economic Forecasts - 2018-2020 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 560.01
 587 609 631 653 753
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 5.50
percent		 5.5 5.53 5.5 5.5 5.8
GDP 9.27
USD Billion		 9.3 9.3 9.4 9.4 9.5
GDP per capita 859.95
USD		 899 899 907 907 916
GDP per capita PPP 2064.24
USD		 2100 2100 2178 2178 2200
GDP Constant Prices 4094.80
XOF Billion		 4320 4321 4320 4320 4835
GDP From Agriculture 855.40
XOF Billion		 902 903 902 902 1010
GDP From Manufacturing 874.40
XOF Billion		 922 923 922 922 1033
GDP From Mining 14.70
XOF Billion		 15.51 15.51 15.51 15.51 17.36
GDP From Public Administration 315.90
XOF Billion		 333 333 333 333 373
GDP From Services 1510.50
XOF Billion		 1594 1594 1594 1594 1784
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 2.50
percent		 2.5 2.5 2.5 2.5 2
Population 11.50
Million		 11.72 11.8 11.87 11.95 12.72
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 0.80
percent		 0.9 2.4 1.6 0.9 1.61
Food Inflation 1.80
percent		 1.47 1.22 1.14 1.1 1.06
Consumer Price Index CPI 113.60
Index Points		 112 117 113 115 120
Cpi Housing Utilities 113.90
Index Points		 114 114 114 114 114
CPI Transportation 117.70
Index Points		 114 118 117 119 122
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 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 5.08
percent		 5.08 5.08 5.08 5.08 5.08
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -190.39
CFA Franc Billion		 -343 -332 -253 -249 -308
Exports 147.15
CFA Franc Billion		 106 96.37 145 163 116
Imports 337.54
CFA Franc Billion		 450 438 398 412 424
Current Account -808.74
USD Million		 -768 -769 -812 -855 -931
Current Account to GDP -7.10
percent		 -8 -8 -7 -7 -5
Terrorism Index 0.00
 0.04 0.04 0.05 0.05 0.07
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 23.20
percent		 19 19 23 23 20
Government Budget -5.80
percent of GDP		 -5.45 -5.4 -5.33 -5.27 -4.86
Military Expenditure 112.26
USD Million		 97.58 99.41 104 110 126
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 1516.62
KBps		 1501 1534 1534 1519 1530
IP Addresses 5580.00
IP		 5086 5035 4990 4951 4749
Leading Economic Index 0.80
Percent		 0.76 0.76 0.76 0.76 0.76
Ease of Doing Business 151.00
 150 149 150 152 164
Capacity Utilization 57.90
percent		 58.45 60.59 57.57 60.57 60.27
Competitiveness Index 3.47
Points		 3.5 3.5 3.54 3.56 3.43
Competitiveness Rank 120.00
 123 123 118 116 120
Corruption Index 39.00
Points		 38 38 38 37 35
Corruption Rank 85.00
 84 82 82 82 83
Industrial Production 5.40
percent		 1.58 16.31 30.39 27.94 10.01
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Retail Sales Yoy -3.40
percent		 20.13 20.23 37.91 3.57 16.87
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Sales Tax Rate 18.00
percent		 18 18 18 18 18
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 25.99
celsius		 25.5 26.69 28.35 27.81 27.85