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Benin

Benin has been one of the ECOWAS growth locomotives in the past 5 years and is expected to grow at an average yearly rate above 6% for the next 5 years according to the IMF. Benin has engaged in a set of reforms to discipline public finance and significantly improve its business environment. In 2023, Benin ranked as the sixth freest economy in Sub-Saharan Africa and the second in ECOWAS, just behind Ivory Coast (Economic Freedom Index). With a population of 13.7 million in 2023, the market base for Beninese firms extends to other ECOWAS countries. Gold and cotton are main exported products from Benin. Cotonou’s port is the main export/import gate for the country and neighbouring land-locked states. Special industrial ecosystems have been set up with a particular focus on the textile sector which is expected to grow to 250 000 jobs by 2030.

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Benin

Benin: The textile products market for Benin is set hit 500+ Billions by 2030

From thread spinning to textile-based apparels manufacturing, the industry is projected based on current consumption trends and future income paths, to hit a total gross value added of 532 illions by 2035.

This huge growth in output is expected to generate 3 millions employment and boost fiscal revenue and could become a leading exporting sector for the Gabonese economy

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Recents focus on Benin

Which African countries made the highest leap in GDP per capita in the last decade?

Only 3 African countries were capable of doubling their GDP per capita between 2013 and 2023. The performance is relatively poor compared to their South Asian counterparts.

Benin: What is the optimal level of fossil fuels subsidies for Benin?

We modelled the Benenise economy with a price subsidy shock and assessed the welfare impact under different levels of subsidies.

Benin: the impact of climate change on food production

We forecasted the impact of climate change scenarios on the Agriculture sector in Benin.

Benin: the economic impacts of the export pipeline Niger-Benin

We assessed the short- and long term GDP and employment impacts of the Niger-Benin pipeline.

Benin: education

The import of education services in Benin We estimated the import size of education services in Benin and highlighted the investment opportunities in the sector.

Our offer for Benin

We report on facts and social preferences relative to the Beninese economy and society using state-of-the-art tools and reliable sources.

Socio-economic and financial data

Trends & Poor maintains an unrivalled database the Beninese economy , covering a wide range of topics, from immigration to market data like prices, consumers preferences, major players, ... Our Data capabilities in Benin go beyond readily available data to designing and implementing bespoke data needs, whether for scientific research or market intelligence.

Macro-modelling and forecasting

Our team of economic modellers have built outstanding capabilities in macroeconomic policy and options simulations for Benin. We maintain forecasting models based on the state-of-the-art evidence from academic research, which are constantly updated and with appreciable accuracy. Our forecastings for Benin cover the macroeconomy and a wide range of industries.

Market studies

Trends & Poor provides in a regular basis, reports for important markets and industries in Benin. These reports provide major trends analysis, investment opportunities and risk profile. Supplementary studies are released on major companies per sector, and/or covering specific topics of economic significance.

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