In 2019, the economic dynamics of Benin resulted in the achievement of an economic growth rate estimated at 6.9% against 6.7% in 2018 thanks to the performance of the export sectors and the satisfactory implementation of the government's action program.

The Central Bank of West African States (Bceao) reveals that the economic dynamics of Benin resulted, in 2019, in the achievement of an economic growth rate estimated at 6.9% against 6, 7% in 2018. This is, according to the institution, in relation to the performance of the export sectors and the satisfactory implementation of the Government's Action Program. The central bank notes that the overall balance of the balance of payments has been affected by this environment, posting a surplus of 45,550.6 million in 2019.

According to him, the structural deficit of the current account balance narrowed slightly, standing at 340,177.1 million in 2019, against 360,362.6 million the previous year. This development is explained, according to the same source, by a reduction in the deficit in the balance of goods, the effects of which were moderated by the increase in the deficit in services and primary income.

Indeed, she explains, the deficit in the balance of goods fell by 45,241.3 million compared to 2018, in connection with a greater decrease in imports of goods compared to exports of goods. This development, continues the Bceao, is related to the evolution of the economic situation during the last five months of the year 2019.

As for the deficit of net services, it increased by 14,988.2 million, standing at 162,430.1 million in 2019 against a deficit of 147,441.9 million in 2018, reports the institution. Who adds finally that the strengthening of the services deficit is explained by the satisfaction of internal needs related to specialized services and management consulting services.