telephone: [1] (202) 232-6656
FAX: [1] (202) 265-1996
Diplomatic representation from the US: chief of mission: Ambassador
Pamela E. BRIDGEWATER
embassy: Rue Caporal Bernard Anani, Cotonou
mailing address: B. P. 2012, Cotonou
telephone: [229] 30-06-50, 30-05-13, 30-17-92
FAX: [229] 30-14-39, 30-19-74
Flag description: two equal horizontal bands of yellow (top) and red with a vertical green band on the hoist side
Benin Economy
Economy - overview: The economy of Benin remains underdeveloped and dependent on subsistence agriculture, cotton production, and regional trade. Growth in real output averaged a sound 5% in 1996-99, but a rapid population rise offset much of this growth. Inflation has subsided over the past several years. Commercial and transport activities, which make up a large part of GDP, are vulnerable to developments in Nigeria, particularly fuel shortages. The Paris Club and bilateral creditors have eased the external debt situation in recent years. While high fuel prices constrained growth in 2000, increased cotton production - enabled by a major restructuring program - and an expansion of the Cotonou port, may lead to increased growth in 2001.