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Economy Benin
Flag of Benin Benin
Population: 7,250,033 (July 2004 est.)
Capital: Porto-Novo
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Tabular Data - The Beninese Economy

GDP : purchasing power parity - $7.742 billion (2003 est.)
GDP - Real Growth Rate : 5.5% (2003 est.)
GDP - Per Capita : purchasing power parity - $1,100 (2003 est.)
GDP - Composition By Sector : agriculture: 36.4%
industry: 14.5%
services: 49.1% (2003 est.)
Population Below Poverty Line : 37% (2001 est.)
Inflation Rate (Consumer Prices) : 1.5% (2003 est.)
Budget : revenues: $698.9 million
expenditures: $613.2 million, including capital expenditures of NA (2003)
Industries : textiles, food processing, chemical production, construction materials (2001)
Industrial Production Growth Rate : 8.3% (2001 est.)
Electricity - Production : 274.3 million kWh (2001)
Electricity - Production by Source : fossil fuel: 14.2%
hydro: 85.8%
nuclear: 0%
other: 0% (2001)
Electricity - Consumption : 631.1 million kWh (2001)
Electricity - Imports : 376 million kWh (2001)
Agriculture - Products : cotton, corn, cassava (tapioca), yams, beans, palm oil, peanuts, livestock (2001)
Exports : $485 million f.o.b. (2003 est.)
Exports - Commodities : cotton, crude oil, palm products, cocoa
Exports - Partners : China 18.4%, India 15.7%, Nigeria 11.9%, Thailand 5.9%, Ghana 5%, Pakistan 5% (2003 est.)
Imports : $726 million f.o.b. (2003 est.)
Imports - Commodities : foodstuffs, capital goods, petroleum products
Imports - Partners : China 30%, France 15.1%, UK 4.8%, Cote d'Ivoire 4.8%, Thailand 4.7% (2003 est.)
Debt - External : $1.6 billion (2000)
Economic Aid - Recipient : $342.6 million (2000)
Currency : Communaute Financiere Africaine franc (XOF); note - responsible authority is the Central Bank of the West African States
Currency Code : XOF
Exchange Rates : Communaute Financiere Africaine francs (XOF) per US dollar - 581.2 (2003), 696.988 (2002), 733.039 (2001), 711.976 (2000), 615.699 (1999)
Fiscal Year : Calendar Year

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Data Source: Central Intelligence Agency 2004 World Factbook