Merchandise Trade (As % of GDP) rose to 59.9% in Benin in 2017

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

Merchandise trade as a share of GDP reached 59.9 % in 2017 in Benin, according to the National Statistical Office. This is 10.5 % more than in the previous year.

Historically, merchandise trade as a share of GDP in Benin reached an all time high of 65.8 % in 2014 and an all time low of 14.5 % in 1966. When compared to Benin's main peers, merchandise trade as a share of GDP in Burkina Faso amounted to 54.9 %, 38.9 % in Niger, 20.2 % in Nigeria and 62.9 % in Togo in 2017.

Benin has been ranked 72nd within the group of 168 countries we follow in terms of merchandise trade as a share of GDP, 38 places above the position seen 10 years ago.

Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current US dollars.

Merchandise Trade (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Algeria % 60.4% 58.5% 57.2% 55.5% 52.0%
Benin % 45.3% 46.4% 54.5% 65.8% 51.2%
Burkina Faso % 44.8% 51.6% 56.3% 48.7% 50.4%
Cameroon % 38.6% 37.1% 34.5% 36.3% 32.7%
Chad % 66.6% 61.4% 52.5% 61.7% 53.9%
Ghana % 72.3% 74.7% 49.5% 51.9% 48.4%
Ivory Coast % 76.3% 81.7% 78.4% 68.3% 53.6%
Libya % 78.0% 101% 111% 96.8% 99.9%
Mali % 44.1% 49.3% 46.4% 46.6% 49.8%
Niger % 53.7% 48.3% 47.0% 44.2% 42.4%
Nigeria % 41.9% 36.1% 28.5% 28.4% 19.2%
Togo % 87.0% 95.4% 99.3% 84.3% 80.1%