The Gross Domestic Product (GDP) in Benin expanded 7.60 percent in the third quarter of 2019 over the same quarter of the previous year. Benin GDP Annual Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Annual Growth Rate in Benin averaged 4.23 percent from 1961 until 2019, 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.

GDP Annual Growth Rate in Benin is expected to be 6.30 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 6.70 in 12 months time. In the long-term, the Benin GDP Annual Growth Rate is projected to trend around 6.50 percent in 2021 and 6.40 percent in 2022, according to our econometric models.

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Benin GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.60 7.60 9.95 -4.90 1961 - 2019 percent Quarterly

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.