Country intelligence

Benin

Last updated 15 Nov 2026, 05:19 UTC (sources checked) · figures last changed 15 Nov 2026 · news checked 14 Nov 2026, 20:41 UTC

Partner risk indices

Country Risk Index
54.3
Political Risk Index
44.7
Short-Term Economic Risk Index
57.5
Long-Term Economic Risk Index
56.4
Operational Risk Index
61.2

Source: Partner Research Partner, as of 8 Nov 2026. 0-100, higher means higher risk.

Key indicators

IndicatorValuePeriodSource
Real GDP growth8.1%2025 (estimate)IMF WEO
Inflation, average consumer prices1.1%2025 (estimate)IMF WEO
GDP, current pricesUS$24.6bn2025 (estimate)IMF WEO
GDP per capita, current pricesUS$1,6612025 (estimate)IMF WEO
General government gross debt59.3%2025 (estimate)IMF WEO
Government net lending (+) / borrowing (-)-2.7%2025 (estimate)IMF WEO
Current account balance-5.7%2025 (estimate)IMF WEO
Population14.8 million2025World Bank WDI
Population growth2.4%2025World Bank WDI
Urban population53.4%2025World Bank WDI
Unemployment (modelled ILO estimate)1.6%2025World Bank WDI
Foreign direct investment, net inflows2%2025World Bank WDI
External debt stocks69.5%2025World Bank WDI
Official exchange rate (period average)581.9 LCU per USD2025World Bank WDI
Trade (exports plus imports)37.1%2025World Bank WDI
Bank lending interest rate6.25%2021World Bank WDI
Domestic credit to the private sector19.8%2025World Bank WDI
Internet users34%2024World Bank WDI
Mobile subscriptions125.9 per 100 people2024World Bank WDI
Fixed broadband subscriptions0.28 per 100 people2024World Bank WDI
Access to electricity59%2024World Bank WDI
Renewable share of final energy consumption54.5%2021World Bank WDI
Oil rents0%2021World Bank WDI
Fuel exports0%2024World Bank WDI
Mineral rents0%2021World Bank WDI
Ores and metals exports0.1%2024World Bank WDI
Agriculture, forestry and fishing, value added22.9%2025World Bank WDI
Employment in agriculture40.2%2025World Bank WDI
Manufacturing, value added10.2%2025World Bank WDI
Industry (including construction), value added17.5%2025World Bank WDI
Services, value added50.1%2025World Bank WDI
Political stability and absence of violence58.622025World Bank WGI
Regulatory quality50.42025World Bank WGI
Rule of law51.122025World Bank WGI
Control of corruption43.782025World Bank WGI
Government effectiveness48.922025World Bank WGI

Market overview

  • Benin is in West Africa and is classified by the World Bank as Lower middle income. (World Bank)
  • Population: 14.8 million (2025). (World Bank WDI)
  • GDP: US$24.6bn in 2025 (estimate). (IMF WEO)

Economic conditions

  • Real GDP growth: 8.1% in 2025 (estimate); the IMF projects 7% for 2026. (IMF WEO)
  • Average consumer price inflation: 1.1% in 2025 (estimate); projected 0.8% for 2026. (IMF WEO)
  • General government gross debt: 59.3% of GDP in 2025 (estimate). (IMF WEO)
  • Current account balance: -5.7% of GDP in 2025 (estimate). (IMF WEO)
  • Government net lending/borrowing: -2.7% of GDP in 2025 (estimate). (IMF WEO)
  • Official exchange rate averaged 581.93 local currency units per US dollar in 2025, against 606.65 in 2023: 4.1% more units per dollar fewer (the currency strengthened against the dollar). (World Bank WDI)

Key risks

  • Partner risk indices (0-100, higher = higher risk), as of 8 Nov 2026: Country Risk Index 54.3 (rank 16 of 53 in Africa, 1 = lowest risk); Political Risk Index 44.7 (rank 9 of 53 in Africa, 1 = lowest risk); Short-Term Economic Risk Index 57.5 (rank 34 of 53 in Africa, 1 = lowest risk); Long-Term Economic Risk Index 56.4 (rank 25 of 53 in Africa, 1 = lowest risk); Operational Risk Index 61.2 (rank 19 of 53 in Africa, 1 = lowest risk). (Partner Research Partner)
  • Highest-scoring Partner risk component: logistics risk (66, operational). (Partner Research Partner)
  • World Bank governance scores (2025, 0-100, higher is better): control of corruption 44; government effectiveness 49; political stability and absence of violence 59; rule of law 51; regulatory quality 5. (World Bank WGI)
  • External debt stocks: 69.5% of GNI (2025). (World Bank WDI)
  • Unemployment (modelled ILO estimate): 1.6% of labour force (2025). (World Bank WDI)

Investment considerations

  • Foreign direct investment, net inflows: 2% of GDP (2025). (World Bank WDI)
  • Domestic credit to the private sector: 19.8% of GDP (2025). (World Bank WDI)
  • Bank lending interest rate: 6.3% (2021). (World Bank WDI)
  • Trade (exports plus imports): 37.1% of GDP (2025). (World Bank WDI)
  • The Meridian holds 261 published records tagged to Benin. (The Meridian)

Sector snapshot

  • Energy and power: access to electricity 59% of population (2024); renewable share of final energy consumption 54.5% (2021). (World Bank WDI)
  • Mining and minerals: mineral rents 0% of GDP (2021); ores and metals exports 0.1% of merchandise exports (2024). (World Bank WDI)
  • Financial services: foreign direct investment, net inflows 2% of GDP (2025); bank lending interest rate 6.3% (2021). (World Bank WDI)
  • Technology, media and telecoms: internet users 34% of population (2024); mobile subscriptions 125.9 per 100 people (2024). (World Bank WDI)
  • Agriculture: agriculture, forestry and fishing, value added 22.9% of GDP (2025); employment in agriculture 40.2% of employment (2025). (World Bank WDI)
  • Manufacturing and industry: manufacturing, value added 10.2% of GDP (2025); industry (including construction), value added 17.5% of GDP (2025). (World Bank WDI)
  • Infrastructure and real estate: urban population 53.4% of population (2025); access to electricity 59% of population (2024). (World Bank WDI)

Recent developments

Data limitations and sources

  • Older data, shown with its period and not described as current: Bank lending interest rate (Latest published value is for 2021); Renewable share of final energy consumption (Latest published value is for 2021); Oil rents (Latest published value is for 2021); Mineral rents (Latest published value is for 2021).
  • IMF figures for the most recent year are IMF estimates and later years are projections. World Bank series typically lag by one to two years. Headlines come from automated news monitoring and are not verified by The Meridian.
  • Sources last checked 15 Nov 2026.

Meridian transactions

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Economic baseline (World Bank / IMF)

GDP
$24.6bn2025
Real GDP growth
8.1%2025
GDP per capita
$1,6612025
Consumer price inflation
1.1%2025
Population
14.8m2025
Current account balance (% of GDP)
-5.7%2025
General government gross debt (% of GDP)
59.3%2025

Sources: IMF World Economic Outlook via the IMF DataMapper (latest year shown is no later than 2025; recent years may be IMF estimates). Latest available year shown; refreshed weekly. Compare all 54 markets.

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