Economy of Benin |
Currency |
CFA Franc (XOF) |
Fiscal year |
Calendar year |
Trade organisations |
AU, ECOWAS, WTO |
Statistics [1] |
GDP ranking |
144th (2004) [2] |
GDP |
$8.338 billion (2004) |
GDP growth |
5% (2004) |
GDP per capita |
$1,200 (2004) |
GDP by sector |
agriculture (36.3%), industry (14.3%), services (49.4%) (2004) |
Inflation |
2.8% (2004) |
Pop below poverty line |
33% (2001) |
Labour force |
N/A (1996) |
Labour force by occupation |
N/A |
Unemployment |
N/A (2003) |
Main industries |
textiles, food processing, construction materials, cement |
Trading Partners [3] |
Exports |
$720.9 million (2004) |
Export Commodities |
cotton, crude oil, palm products, cocoa |
Main partners |
People's Republic of China 30.2%, India 15.6%, Thailand 6%, Ghana 5.9%, Niger 4.5% (2004) |
Imports |
$934.5 million (2004) |
Imports Commodities |
foodstuffs, capital goods, petroleum products |
Main Partners |
People's Republic of China 29.7%, France 13.8%, Thailand 7.2%, Côte d'Ivoire 4.6% (2004) |
Public finances [4] |
Public debt |
N/A |
Revenues |
$869.4 million (2004) |
Expenses |
$720.4 million (1994) |
Economic aid |
$342.6 million (recipient)(2000) |