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Benin Trade (% GDP)

Benin's trade (% GDP) fell to 40.64% in 2024, down from 44.66% in 2023, according to World Bank. This represents a decrease of 4.02% from the previous year. Benin has the 19th lowest trade (% GDP). Within Africa, it ranks 42nd out of 48 countries.

Yearly Historical Data (1960-2024)

(in %)
Year Trade (% GDP)
2024 40.64%
2023 44.66%
2022 44.38%
2021 48.05%
2020 44.83%
2019 63.68%
2018 61.8%
2017 61.48%
2016 58.99%
2015 56.76%
2014 65.27%
2013 59.2%
2012 50.74%
2011 47.22%
2010 51.43%
2009 44.7%
2008 47.78%
2007 49.11%
2006 39.77%
2005 39.1%
2004 39.9%
2003 41.62%
2002 43.77%
2001 48.26%
2000 47.35%
1999 54.39%
1998 59.59%
1997 58.71%
1996 56.52%
1995 63.8%
1994 64.4%
1993 55.38%
1992 56.74%
1991 51.34%
1990 45.72%
1989 38.3%
1988 45.89%
1987 46.22%
1986 49.29%
1985 60.3%
1984 50.51%
1983 45.34%
1982 57.86%
1981 59.89%
1980 53.14%
1979 54.54%
1978 51.07%
1977 50.96%
1976 44.02%
1975 47.94%
1974 43.81%
1973 41.61%
1972 41.18%
1971 45.62%
1970 39.64%
1969 33.2%
1968 28.41%
1967 27.44%
1966 23.04%
1965 22.17%
1964 17.38%
1963 15.45%
1962 13.48%
1961 14.12%
1960 18.23%
Benin Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Benin divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $1.05B $899.18M 2023
Annual Imports $3.9B $3.85B 2023
Exports (% GDP) 18.84% 20% 2024
FDI Inflows (% GDP) 2.25% 2.16% 2023
Imports (% GDP) 21.8% 24.66% 2024
Net Trade (Goods & Services, BoP) -$1.68B -$1.02B 2023
Tariff Rate 11.3% 11.32% 2022