KEY FACTS AT A GLANCE
Gross Domestic Product (GDP)
The contribution of Travel & Tourism to Gross Domestic Product is expected to rise from 5.3% (XOF192.9bn or US$434.7mn) in 2010 to 5.7% (XOF436.9bn or US$867.9mn) by 2020.
Employment
The contribution of the Travel & Tourism economy to employment is expected to rise from 83,000 jobs in 2010, 4.3% of total employment or 1 in every 23.4 jobs to 120,000 jobs, 4.6% of total employment or 1 in every 21.6 jobs by 2020.
Growth
Real GDP growth for Travel & Tourism economy is expected to be 1.8% in 2010 and to average 5.3% per annum over the coming 10 years.
Visitor Exports
Export earnings from international visitors and tourism goods are expected to generate 16.3% of total exports (XOF71.1bn or US$160.2mn) in 2010, growing (nominal terms) to XOF181.4bn or US$360.3mn (17.6%) of total in 2020.
Investment
Travel & Tourism investment is estimated at XOF38.9bn, US$87.7mn or 5.7% of total investment in 2010. By 2020, this should reach XOF79.1bn, US$157.2mn or 6.1% of total investment.
WORLD RANKING
The Benin Travel & Tourism economy is ranked number:
- 151 in absolute size worldwide
- 153 in relative contribution to national economies
- 69 in long-term (10-year) growth
(181 countries are estimated by WTTC / OE)
Benin Economic Forecast Data
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Benin Economic Forecast Data
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