Economic Growth in Benin
The Benin economy recorded average real GDP growth of 5.5% in the decade to 2022. In 2022, real GDP growth was 6.3%. For more GDP information, visit our dedicated page.
Benin GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Benin from 2023 to 2013.
Source: Macrobond.
Benin GDP Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Economic Growth (Real GDP, ann. var. %) | 3.8 | 7.2 | 6.3 | 6.4 | - |
| GDP (USD bn) | 15.7 | 17.7 | 17.4 | 19.7 | - |
| GDP (LCU bn) | 9,008,810,000,000 | 9,809,694,000,000 | 10,854,508,000,000 | 11,934,896,000,000 | - |
| Economic Growth (Nominal GDP, ann. var. %) | 6.8 | 8.9 | 10.7 | 10.0 | - |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Beninese GDP projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Beninese GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Beninese GDP projections.
Want to get access to the full dataset of Beninese GDP forecasts? Send an email to info@focus-economics.com.