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The economy of Benin remains underdeveloped and dependent on subsistence agriculture, cotton production, and regional trade. Growth in real output has averaged around 4% in the past three years, but rapid population growth has offset much of this increase. Inflation has subsided over the past several years. In order to raise growth, Benin plans to attract more foreign investment, place more emphasis on tourism, facilitate the development of new food processing systems and agricultural products, and encourage new information and communication technology. Specific projects to improve the business climate by reforms...  More..

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Economy of Benin
SOURCE: CIA - The World Factbook
Currency West African CFA Franc
Fiscal Year 01 January - 31 December
GDP (PPP) $13.25 billion (2009 est.)
GDP (per capita) $1,500 (2009 est.)
Exports $1.024 billion (2009 est.)
Imports $1.543 billion (2009 est.)
Main Industries Textiles, Food Processing, Construction Materials, Cement
Exports - Commodities Cotton, Cashews, Shea Butter, Textiles, Palm Products, Seafood
Imports - Commodities Foodstuffs, Capital Goods, Petroleum Products
Exports Partners China 15.2%, India 13.6%, Japan 8.3%, Niger 4.8%, US 4.5%, Nigeria 4.2% (2008)
Imports Partners China 36.1%, US 13.3%, Thailand 6.6%, France 6.5%, Malaysia 6.2% (2008)

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