International organization participation: ACCT, ACP, AfDB, ECA,
ECOWAS, Entente, FAO, FZ, G-77, IBRD, ICAO, ICFTU, ICRM, IDA, IDB,
IFAD, IFC, IFRCS, ILO, IMF, IMO, Intelsat, Interpol, IOC, ISO
(subscriber), ITU, MINURCA, MIPONUH, NAM, OAU, OIC, OPCW, UN,
UNCTAD, UNESCO, UNIDO, UPU, WADB, WAEMU, WCL, WFTU, WHO, WIPO, WMO,
WToO, WTrO
Diplomatic representation in the US: chief of mission: Ambassador Lucien Edgar TONOUKOUIN chancery: 2737 Cathedral Avenue NW, Washington, DC 20008
Diplomatic representation from the US: chief of mission: Ambassador Robert C. FELDER embassy: Rue Caporal Bernard Anani, Cotonou mailing address: B. P. 2012, Cotonou
Flag description: two equal horizontal bands of yellow (top) and red with a vertical green band on the hoist side
Economy
Economy—overview: The economy of Benin remains underdeveloped and dependent on subsistence agriculture, cotton production, and regional trade. Growth in real output has averaged a sound 4% in 1990-95 and 5% in 1996-98. Rapid population growth has offset much of this growth in output. Inflation has subsided over the past three years. Commercial and transport activities, which make up a large part of GDP, are vulnerable to developments in Nigeria, particularly fuel shortages. Support by the Paris Club and official bilateral creditors has eased the external debt situation in recent years. The government, still burdened with money-losing state enterprises and a bloated civil service, has been gradually implementing a World Bank supported structural adjustment program since 1991.
GDP: purchasing power parity—$7.6 billion (1998 est.)
GDP—real growth rate: 4.4% (1998 est.)
GDP—per capita: purchasing power parity?$1,300 (1998 est.)
GDP—composition by sector: agriculture: 34% industry: 14% services: 52% (1997)