Foreign Trade (As % of GDP) rose to 67.6% in Benin in 2017

Foreign Trade (As % of GDP) (%)
Economy | Benin | May 17, 2019
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Excel Sheet

Foreign trade as a share of GDP reached 67.6 % in 2017 in Benin, according to the National Statistical Office. This is 10.6 % more than in the previous year.

Historically, foreign trade as a share of GDP in Benin reached an all time high of 74.2 % in 2014 and an all time low of 13.5 % in 1962. When compared to Benin's main peers, foreign trade as a share of GDP in Burkina Faso amounted to 52.3 %, 49.6 % in Niger, 26.3 % in Nigeria and 101 % in Togo in 2017.

Benin has been ranked 101st within the group of 165 countries we follow in terms of foreign trade as a share of GDP, 28 places above the position seen 10 years ago.

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

Foreign Trade (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Algeria % 67.5% 65.4% 63.6% 62.1% 59.7%
Benin % 50.7% 54.8% 63.9% 74.2% 58.8%
Burkina Faso % 58.2% 62.7% 50.1% 46.6% 47.9%
Cameroon % 56.9% 56.4% 55.6% 55.1% 49.9%
Chad % 80.7% 80.6% 72.6% 76.6% 66.6%
Ghana % 86.3% 93.2% 61.7% 65.2% 75.6%
Ivory Coast % 91.2% 93.7% 80.1% 73.6% 72.0%
Libya % 99.6% 114% 135% 139% 114%
Mali % 53.9% 58.7% 64.8% 60.6% 63.6%
Niger % 68.7% 61.2% 61.7% 60.3% 59.1%
Nigeria % 53.3% 44.5% 31.0% 30.9% 21.4%
Togo % 93.0% 107% 118% 105% 107%