Benin's growth improved in 2021 to 7.0 percent from 3.8 percent in 2020. Inflation has fallen to 1.7 percent in 2021 due to improved food supply. The current account deficit is estimated to have doubled in 2021 to 3.7 percent of GDP and foreign exchange reserves cover 5.9 months of imports in 2021. Benin received $118.6 million in SDR allocations. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
Benin is a member of the West African Economic and Monetary Union (WAEMU) and is a member of the Regional Stock Exchange (BRVM), a stock exchange common to all eight (8) countries of the union. At the end of December 2022, the BRVM had 46 listed companies representing a market capitalization of $12.2 billion. In 2021, foreign direct investment flows to Benin will amount to $242.4 million compared to $174.0 million in 2020, an increase of 39%.
