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CS, ILO, IMF, IMO, Intelsat, Interpol, IOC, IOM, ISO (subscriber), ITU, MIPONUH, MONUC, NAM, OAU, OIC, OPCW, UN, UNCTAD, UNESCO, UNIDO, UNMEE, UNTAET, UPU, WADB, WADB (regional), WAEMU, WCL, WFTU, WHO, WIPO, WMO, WToO, WTrO Diplomatic representation in the US: chief of mission: Ambassador Lucien Edgar TONOUKOUIN chancery: 2737 Cathedral Avenue NW, Washington, DC 20008 telephone: [1] (202) 232-6656 FAX: [1] (202) 265-1996 Diplomatic representation from the US: chief of mission: Ambassador Pamela E. BRIDGEWATER embassy: Rue Caporal Bernard Anani, Cotonou mailing address: B. P. 2012, Cotonou telephone: [229] 30-06-50, 30-05-13, 30-17-92 FAX: [229] 30-14-39, 30-19-74 Flag description: two equal horizontal bands of yellow (top) and red with a vertical green band on the hoist side Benin Economy Economy - overview: The economy of Benin remains underdeveloped and dependent on subsistence agriculture, cotton production, and regional trade. Growth in real output averaged a sound 5% in 1996-99, but a rapid population rise offset much of this growth. Inflation has subsided over the past several years. Commercial and transport activities, which make up a large part of GDP, are vulnerable to developments in Nigeria, particularly fuel shortages. The Paris Club and bilateral creditors have eased the external debt situation in recent years. While high fuel prices constrained growth in 2000, increased cotton production - enabled by a major restructuring program - and an expansion of the Cotonou port, may lead to increased growth in 2001. GDP: purchasing power parity - $6.6 billion (2000 est.) GDP - real growth rate: 5% (2000 est.) GDP - per capita: purchasing power parity - $1,030 (2000 est.) GDP - composition by sector: agriculture: 37.9% industry: 13.5% services: 48.6% (1999) Population below poverty line: 37.2% (1999 est.) Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA% Inflation rate (consumer prices): 3% (2000 est.) Labor force: NA Unemployment rate: NA% Budget: revenues: $299 million expenditures: $445 million, including capital expenditures of $14 million (1995 est.) Industries: textiles, cigarettes; beverages, food; construction materials, petroleum Industrial production growth rate: 6.9% (2000 est.) Electricity - production: 226 million kWh (1999) Electricity - production by source: fossil fuel: 2
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