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mbly; National Revolutionary Assembly--dissolved 1 March 1990 and replaced by a 24-member interim High Council of the Republic with legislative elections for new institutions planned for February 1991 Communists: dropped Marxism-Leninism December 1989 Member of: ACP, AfDB, CEAO, EAMA, ECA, ECOWAS, Entente, FAO, G-77, GATT, IBRD, ICAO, ICO, IDA, IFAD, ILO, IMF, IMO, INTELSAT, INTERPOL, ITU, NAM, Niger River Commission, OAU, OCAM, UN, UNESCO, UPU, WFTU, WHO, WIPO, WMO, WTO Diplomatic representation: Ambassador Theophile NATA; Chancery at 2737 Cathedral Avenue NW, Washington DC 20008; telephone (202) 232-6656; US--Ambassador Harriet ISOM; Embassy at Rue Caporal Anani Bernard, Cotonou (mailing address is B. P. 2012, Cotonou); telephone p229o 30-06-50 Flag: green with a red five-pointed star in the upper hoist-side corner - Economy Overview: Benin is one of the least developed countries in the world because of limited natural resources and a poorly developed infrastructure. Agriculture accounts for almost 45% of GDP, employs about 60% of the labor force, and generates a major share of foreign exchange earnings. The industrial sector contributes only about 15% to GDP and employs 2% of the work force. Persistently low prices in recent years have limited hard currency earnings from Benin's major exports of agricultural products and crude oil. GDP: $1.7 billion, per capita $335; real growth rate 1.8% (1988) Inflation rate (consumer prices): 4.3% (1988) Unemployment: NA Budget: revenues $168 million; expenditures $317 million, including capital expenditures of $97 million (1989) Exports: $226 million (f.o.b., 1988); commodities--crude oil, cotton, palm products, cocoa; partners--FRG 36%, France 16%, Spain 14%, Italy 8%, UK 7% Imports: $413 million (f.o.b., 1988); commodities--foodstuffs, beverages, tobacco, petroleum products, intermediate goods, capital goods, light consumer goods; partners--France 34%, Netherlands 10%, Japan 7%, Italy 6%, US 5% External debt: $1.0 billion (December 1989 est.) Industrial production: growth rate - 0.7% (1988) Electricity: 28,000 kW capacity; 24 million kWh produced, 5 kWh per capita (1989) Industries: palm oil and palm kernel oil processing, textiles, beverages, petroleum Agriculture: small farms produce 90% of agricultural output; production is dominated by food crops--corn, sorghum, cassava, beans, and rice; cash crops include cotton, palm oil, and peanuts
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