Benin
Price:
Delivery:
Investment size:
Payment methods:
Requirements:
Benin
Issuer
Abbreviation
Phone
Location
Capital
Official languages
Population
Currency
ISO 4217
Porto-Novo
Benin
French
13,712,828
XOF
West African CFA franc
Delivery
-
Certificate of incorporation
-
Articles of association
-
Meeting minutes
-
Company stamp
Document checklist:
<Economy>
Benin has seen a steady improvement in its economy over the past few years. According to the World Bank, the country's GDP grew by 5.2% in 2019, and is projected to grow by 5.3% in 2020. This growth is largely driven by the services sector, which accounts for nearly 60% of the country's GDP. The agricultural sector is also a major contributor to the economy, accounting for around 25% of GDP. Inflation in Benin has been relatively low, averaging around 2.5% in 2019. The country's unemployment rate is also low, at around 4.2%. Benin has also seen an increase in foreign direct investment, with inflows reaching $1.2 billion in 2019. This has helped to boost the country's economic growth and development. Overall, Benin's economy is on a positive trajectory, and the country is well-positioned to continue its growth in the coming years.