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Benin Economy bases itself on the agricultural produces and the cotton production in this west African country. According to the statistics provided by the Benin Economy for the year 2004, the GDP of Benin ranks at the one hundred and forty fourth position in the world. The Gross Domestic Production of the Benin Economy is equal to $8.338 billion with the GDP growth being equal to 5%. The GDP per capital of the economy of Benin is that of $1,200.
Agriculture contributes 36.3% of the total GDP of the Benin Economy while industry accounts for a 14.3% and services consist of 49.4% of the total GDP. The cotton production in the land accounts for 40% of the GDP as well as 80% of the total exports. 2.8% inflation is observed in the Economy of Benin.
The major items which constitute the export business in the Benin Economy are that of crude oil, cotton, palm products and cocoa, while the chief goods of import consist of foodstuffs, petroleum products and the capital goods. The main partners who are engaged in the import and export business in Benin include France (13.8%), People's Republic of China (29.7%), Côte d'Ivoire (4.6%) and Thailand (7.2%).
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