Real Gross Domestic Product for Benin
BENNGDPRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.19
Year-over-Year Change
-2.70%
Date Range
1/1/2000 - 1/1/2026
Summary
The Real Gross Domestic Product (GDP) for Benin measures the total inflation-adjusted value of all goods and services produced within the country. It is a key indicator of economic growth and development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Real GDP for Benin represents the broadest measure of economic activity and living standards in the country. It is used by policymakers, analysts, and international organizations to assess the performance of the Beninese economy over time.
Methodology
The data is calculated by the Beninese government's national statistics agency based on surveys and economic indicators.
Historical Context
Real GDP is a crucial metric for evaluating Benin's economic policies and progress towards development goals.
Key Facts
- Benin's real GDP per capita was $2,324 in 2021.
- The agricultural sector accounts for over 25% of Benin's real GDP.
- Real GDP growth in Benin averaged 4.6% annually from 2010 to 2020.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product (GDP) for Benin measures the total inflation-adjusted value of all goods and services produced within the country.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a crucial indicator of economic growth, living standards, and overall economic performance in Benin.
Q: How is this data collected or calculated?
A: The data is calculated by Benin's national statistics agency based on surveys and economic indicators.
Q: How is this trend used in economic policy?
A: Real GDP is used by policymakers, analysts, and international organizations to assess the Beninese economy and evaluate the impact of economic policies.
Q: Are there update delays or limitations?
A: There may be delays in data reporting or revisions due to the complexity of measuring economic activity.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product for Benin (BENNGDPRPCPPPT), retrieved from FRED.