BENIN

Country risk rating

C4

HIGH RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD10.36bn (World ranking 141, World Bank 2018)
Population 11.49mn (World ranking 77, World Bank 2018)
Form of state Republic
Head of government 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

Contact Euler Hermes

Economic Research Team

research@eulerhermes.com

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