Country risk rating

C4

HIGH RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD 14.4bn (World ranking 127, World Bank 2019)
Population 11.8mn (World ranking 76, World Bank 2019)
Form of state Presidential republic
Head of state Patrice Talon (President)
Next elections 2021, presidential
  • Potential for offshore oil resources
  • Political will to develop the country with President Talon’s initiative, “Revealing Benin”
  • Strategic regional infrastructure, such as the Cotonou port
  • High current account deficit (-9% of GDP in 2018)
  • Important protests against government’s privatization programs
  • Opaque business conditions
  • Piracy risks in the south and security risks in the north
  • High reliance on the cotton sector (40% of the GDP) and Nigeria’s economic performance
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