Benin’s economic growth is expected to average 7.1% over the period 2025–2027, according to the World Bank.
In a press release summarizing the third edition of the Benin Economic Update report, titled “Boosting Domestic Revenue Mobilization While Protecting the Poor”, the institution notes that despite rising uncertainty in global trade and unstable trade relations with neighboring countries, Benin’s economy is projected to grow at an average rate of 7.1% between 2025 and 2027.
In 2024, according to the same source, Benin’s economic growth reached 7.5%, its highest level since 1990, driven by strong performance in the services and industrial sectors.
Ongoing fiscal consolidation has enabled the country to meet the 3% budget deficit target set by the West African Economic and Monetary Union (WAEMU) in 2024, while also reducing public debt levels and improving the country’s debt profile, the report states.
Poverty in Benin has declined by 2.2 percentage points, from 33.2% in 2023 to 31% in 2024, the press release adds. It further indicates that strong economic activity, combined with moderate inflation, is expected to reduce poverty to 22.3% by 2027.
