Summary
According to IMF data, Benin's GDP was US$5.4bn in 2007, with GDP per head at just US$692 (or US$1541 on a PPP basis) placing it among the thirty poorest countries in the world. * Since the return to democracy in 1990, which coincided with significant economic difficulties resulting from low commodity prices, there has been some improvement in the economy, aided by increased inflows of foreign investment from both public and private sources.
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Extract
Benin
Highlights and Key Issues
* GDP rose by around 4.5% in 2007 despite weaker than expected cotton output, as activity in the port of Cotonou and a good performance by agriculture boosted activity. The same factors should result in growth remaining solid at around 5% in 2008 despite the less favourable international e...See the full content of this document