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Present day Benin was the site of Dahomey, a West African kingdom that rose to prominence in about 1600 and over the next two and a half centuries became a regional power, largely based on its slave trade. Coastal areas of Dahomey began to be controlled by the French in the second half of the 19th century; the entire kingdom was conquered by 1894. French Dahomey achieved independence in 1960; it changed its name to the Republic of Benin in 1975.

Localização

Western Africa, bordering the Bight of Benin, between Nigeria and Togo

Recursos Naturais

small offshore oil deposits, limestone, marble, timber

Distribuição da População

the population is primarily located in the south, with the highest concentration of people residing in and around the cities on the Atlantic coast; most of the north remains sparsely populated with higher concentrations of residents in the west

9056010
French (official), Fon and Yoruba (most common vernaculars in south), tribal languages (at least six major ones in north)
PORTO-NOVO (capital) 268,000 (2014); COTONOU (seat of government) 682,000; Abomey-Calavi 757,000 (2015)
Designação longa convencional
Republic of Benin
Abreviatura
Benin
Forma longa local
Republique du Benin
Forma curto local
Benin
presidential republic
Nome
Porto-Novo
Coordenadas Geográficas
6 29 N, 2 37 E
Fuso horário
UTC+1 (6 hours ahead of Washington, DC, during Standard Time)
has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction
The free market economy of Benin has grown consecutively for three years, averaging about 5% annually since 2014, but its close trade links to Nigeria expose Benin to risks from volatile commodity prices. Cotton is a key export commodity; high prices supported export earnings, but prices have fallen. Inflation has subsided and remains just 1% over the past several years.
Inflação
-0,93%
Acções de dívida externa
US$ 2.179.153.000
Taxa de imposto total (% dos lucros empresa)
57,4%
Taxa de juro real
5,789%
Produção, valor acrescentado (% PIB)
13,724%
Saldo Corrente
US$ -744.720.833
Força de trabalho, total
4.452.676
Emprego na Agricultura
45,11%
Emprego na Industria
10,42%
Emprego nos Serviços
43,99%
Taxa de Desemprego
1,01%
Importação de Produtos e Serviços
US$ 3.403.657.825
Exportação de Produtos e Serviços
US$ 2.621.906.409
Total Comércio de Mercadorias
42%
IDE, entradas líquidas
US$ 149.695.382
Exportações de serviços comerciais
US$ 341.702.542
cotton, corn, cassava (manioc, tapioca), yams, beans, palm oil, peanuts, cashews; livestock
textiles, food processing, construction materials, cement
Mercadorias
cotton, cashews, shea butter, textiles, palm products, seafood
Parceiros
India 25.1%, Gabon 14.4%, China 7.1%, Niger 5.9%, Bangladesh 4.9%, Nigeria 4.8%, Vietnam 4.2% (2015)
Mercadorias
foodstuffs, capital goods, petroleum products
Parceiros
China 42.2%, US 8.9%, India 5.7%, Malaysia 4.8%, Thailand 4.3%, France 4% (2015)
Índice de Risco do País
B
Political and economic uncertainties and an occasionally difficult business environment can affect corporate payment behavior. Corporate default probability is appreciable.
Classificação de Clima de Negócios
C
The business environment is difficult. Corporate financial information is often unavailable and when available often unreliable. Debt collection is unpredictable. The institutional framework has many troublesome weaknesses. Intercompany transactions run major risks in the difficult environments rated C.
  • One of the most stable democracies in Africa
  • Significant financial support from donors (ODA, HIPC, and MDRI)
  • Strategic position (access to the sea for landlocked countries)
  • Narrow and volatile export base (dependent on fluctuations in cotton price)
  • Erratic electricity supply
  • Governance shortcomings
  • Impact on activity and tax revenues of Nigeria's economic policy decisions (33 times Benin's GDP)
  • Terrorist threat (Boko Haram) from neighboring Nigeria

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