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Economic growth: Benin shows a solid performance in 2024

03/01/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex Rate

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The Note on National Accounts for the 3rd quarter of 2024 from the National Institute of Statistics and Demography (INSTAD) mentions that Benin recorded in the third quarter of 2024, a growth rate of 7.2% in the third quarter of 2024, after 6.2% after 6.6% a quarter earlier and 6.3% at the same period of 2023.

The National Institute of Statistics and Demography (INSTAD) indicated that in 2024 economic activity in Benin strengthened. Indeed, according to his note, a growth of 7.2% was recorded in the last quarter of 2024 after a rate of 6.6% one quarter earlier and 6.3% over the same period a year ago. Benin has a high growth rate compared to the community level. The good performance is due to the development of economic activities in all major sectors. The primary sector (+5.9%) is still driven by Agriculture, the secondary sector (+8.7%), supported by agro-industry and construction, is continuing to grow and the tertiary sector (+7.5%), the main contributor to GDP, is maintaining its

momentum.
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