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Find all the economic and financial information on our Orishas Direct application to download on Play StoreBenin's economy was resilient in 2020 in the face of shocks induced by the Covid-19 pandemic. Thus, national economic growth is estimated at 3.8% in 2020 against -3.5% globally.
The industrial market is the sector most affected by the health crisis. Strong disruptions were caused by the Covid-19 crisis during the second and third quarters of 2020. According to the Quarterly Economic Note for the fourth quarter of 2020 of the Directorate of Forecasting and Economic Affairs (Dpc), there was sustained growth in economic activity in large companies in the fourth quarter. The output of the food industries has improved, both in variation and year-on-year. For 2021, it is expected to improve the value added of the secondary sector by 10.3% against an estimate of 5.2% in 2020 in line with the expected performance in the Construction sector, according to the Dpc/Mef.
While it was expected to be around 2.3%, national economic growth is finally estimated at 3.8% in 2020 against 0.9% for the WAEMU and -3.5% worldwide according to the Quarterly Economic Note. This performance testifies to the resilience of benin's economy. Growth is projected at 6% in 2021 by the Directorate General of Economic Affairs (Dgae) of the Ministry of Economy and Finance on which the Dpc depends.
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