The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more

Benin

Benin and the AfDB

Cooperation between the African Development Bank and Benin dates back to 1972. Financing provided by the Bank since that date amounts to UA 709 million, corresponding nearly to FCFA 550 billion, and covering several areas. The Bank’s investments in this country are as follows: transport, 27.8 per cent; agriculture, 26.3 per cent; multi-sector, 18.8 per cent; social sector, 15.8 per cent, electricity, water, sanitation and communication, 10.5 per cent; finance 0.5 per cent and industry 0.3 per cent.

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Benin Economic Outlook

Real GDP growth was an estimated 6.0% in 2018, up from 5.4% in 2017, due to good performance in agriculture, especially cotton (with 5.6% growth); the industrial sector (6.7%), driven by cotton ginning plants (18%); and the building and public works sector (8.5%). The services sector grew by 7.5% because of dynamism in transport, post, and telecommunications (with 10.6% growth); banks and other financial institutions (9.5%); and trade and the food and hotel industries (6.9%). On the demand side, growth was driven mainly by final consumption (up by 3.6%). The trade deficit fell slightly to 8.3% of GDP from 9.1% in 2017.

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Key Facts

Flag:
Capital: Porto Novo
Area: 112,620 sq km
Total Population 2017: 11.5 Million
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 10.4 Billion
GNI Per Capita 2015: US$ 860
Inflation Rate: 2.12%
Crude Birth Rate (per 1000): 34.80%
Human Development Index (rank / 188): 167
Human Development Index (scale 0 to 1): 0.485
Membership Date: 10/09/1964
Cumulative Approvals (1967-2016): UA 708.1 Million

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Contacts

Benin Country Office

Immeuble DIBOUSSE
3ème Etage, Aile Gauche
Boulevard de la Marina
Cotonou – BENIN
Tél : 00 229 90 30 40 42 (Standard) - 00 229 69 38 26 89 (CM)
Email : j.andrianarisata@afdb.org / e.martin-correa@afdb.org

Mr John Andrianarisata, Country Manager

West Africa Region

Mrs Marie-Laure Akin-Olugbade, Director General

African Development Bank Group
24ème Etage, Immeuble CCIA, Plateau
01 Boite Postale 1387 Abidjan 01
Côte d’Ivoire

TEL. : (+225) 20 26 40 47

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