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 557.75
 564 570 575 581 606
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 4323.80
XOF Billion		 4320 4563 4562 4562 5106
GDP From Agriculture 900.20
XOF Billion		 916 950 950 950 1063
GDP From Manufacturing 943.50
XOF Billion		 907 996 995 995 1114
GDP From Mining 15.00
XOF Billion		 14.14 15.83 15.83 15.83 17.71
GDP From Public Administration 314.00
XOF Billion		 333 331 331 331 371
GDP From Services 1593.00
XOF Billion		 1597 1681 1681 1681 1881
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 0.70
percent		 0.8 0.7 0.9 1 1.61
Food Inflation 0.30
percent		 1.42 1.13 1.18 1.17 1.17
Inflation Rate Mom -0.30
percent		 0.01 0.09 0.04 0.07 0.06
Consumer Price Index CPI 113.30
Index Points		 112 115 112 115 118
Cpi Housing Utilities 113.00
Index Points		 113 114 114 114 114
CPI Transportation 119.50
Index Points		 114 116 116 119 120
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 4.44
percent		 4.44 4.44 4.44 4.44 4.44
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 -11.00
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 22.10
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