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Laboratoire de la finance africaine

Benin (UEMOA)

Preview 2018
Projected Real GDP Growth (% Change) : 6.7
GDP (current, USD Bn) : 10.40
Projected Consumer Prices (% Change) : -0.1
Country Population : 12.1 million
Market Capitalization : 8 billion$
Number of Listed Companies : 46
Sociétés Cotées à BRVM
Economic performance and outlook

Economic growth in Benin remains robust (estimated at 6.7% in 2019), thanks in part to an increase in public investment from 21% of GDP in 2016 to 29.6% in 2019. On the supply side, growth is due to the performance of the agricultural sector led by cotton, whose production rose from 269,222 tons in 2016 to 726,831 in 2019; the vitality of the construction industry; and the dynamism of the port of Cotonou. Inflation remained low, estimated at –0.1% in 2019, and below the WAEMU 3% threshold.

 The CFA franc, pegged to the euro, appreciated against the dollar over 2017–19.

(Download detailed Analysis Source : Report African Economic Outlook 2020 ; AfDB)

Financial markets

As a member of UEMOA, the Benin is a member of the Regional Securities Exchange (BRVM), which account 46 listed companies, representing, in the end of 2019, representing a market capitalization of $ 8.1 billion.

In the end of 2019, the banking sector of UEMOA represented a total asset of $ 56 billion.

Credit distributed to private sector in 2019 represents $ 32 billion.