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
|