Economic growth: Benin makes a performance of 7.5% in 2024 : Orishas-finance

Version Française

Economic growth: Benin makes a performance of 7.5% in 2024

02/04/2025

Source : ORISHAS FINANCE

Categories: Economy/Forex

imprimer

Economic growth: Benin makes a performance of 7.5% in 2024

Enjoy a simplified experience

Find all the economic and financial information on our Orishas Direct application to download on Play Store

Statistical data from the National Institute of Statistics and Demography (Instad) on national accounts mention that in the fourth quarter of 2024, the economic growth rate was 9.2%, after 6.3%, 6.6% and 7.3% respectively in the first, second and third quarters of the same year.

The annual report shows that economic growth rebounded to 7.5% in 2024 after 6.4% in 2023, an increase of 1.1 percentage points, according to Instad data.

This growth was felt in all business sectors.

During the period under review, the primary sector grew by 6.2%, compared to 5.9% a quarter earlier. The value added of the secondary sector increased by 13.9%, after 8.9% in the third quarter of 2024. Over the same period, the tertiary sector grew by 9.6%, compared to 7.7% a quarter earlier

It should be noted that the performance of the Beninese economy in the fourth quarter of 2024 was mainly driven by the tertiary sector, with a contribution to real Gross Domestic Product (GDP) growth of 4.2 percentage points. The primary and secondary sectors contributed 1.9 and 2.3 percentage points respectively.

Provided by AWS Translate