HistoryCentral · Nation by Nation
HistoryCentral Est. 1996
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flag — Benin
Nation by Nation

Benin

Economy

$21.5 billion
GDP
World Bank · 2024
$1,485
GDP / Capita
World Bank · 2024
+7.5%
GDP Growth
World Bank · 2024
1.6%
Unemployment
World Bank · 2024

Benin is a small, low-income West African economy based heavily on agriculture, especially cotton, and on trade — much of it informal — with its giant neighbor Nigeria, including significant re-export commerce.

The government has pursued reforms and investment to develop infrastructure and local processing, though poverty remains widespread.

Key Sectors

The economy rests on cotton (the main export and a major employer), agriculture, and trade through the port of Cotonou, including re-exports to Nigeria.

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