International organization participation: ACP, AfDB, CCC, ECA, ECOWAS,
Entente, FAO, FZ, G-77, IAEA, IBRD, ICAO, ICFTU, ICRM, IDA, IDB, IFAD,
IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, ISO (subscriber), ITU,
MIPONUH, MONUC, NAM, OAU, OIC, OPCW, UN, UNCTAD, UNESCO, UNIDO, UNMEE,
UNMIK, UPU, WADB (regional), WAEMU, WCL, WFTU, WHO, WIPO, WMO, WToO, WTrO
Diplomatic representation in the US: chief of mission: Ambassador Cyrille Segbe OGUIN FAX: [1] (202) 265-1996 telephone: [1] (202) 232-6656 chancery: 2124 Kalorama Road NW, Washington, DC 20008
Diplomatic representation from the US: chief of mission: Ambassador
Pamela E. BRIDGEWATER embassy: Rue Caporal
B. P. 2012, Cotonou telephone:
Flag description: two equal horizontal bands of yellow (top) and red
with a vertical green band on the hoist side
Economy Benin
Economy - overview: The economy of Benin remains underdeveloped and dependent on subsistence agriculture, cotton production, and regional trade. Growth in real output averaged a stable 5% in the past five years, but rapid population rise offset much of this increase. Inflation has subsided over the past several years. In order to raise growth still further, Benin plans to attract more foreign investment, place more emphasis on tourism, facilitate the development of new food processing systems and agricultural products, and encourage new information and communication technology. The 2001 privatization policy should continue in telecommunications, water, electricity, and agriculture in spite of initial government reluctance. The Paris Club and bilateral creditors have eased the external debt situation.
GDP: purchasing power parity - $6.8 billion (2001 est.)
GDP - real growth rate: 5.4% (2001 est.)
GDP - per capita: purchasing power parity - $1,040 (2001 est.)
GDP - composition by sector: agriculture: 36% industry: 14% services: 50% (2001 est.)
Population below poverty line: 37% (2001 est.)