Bénin revises national accounts base, GDP 2023 jumps by 25.2%
Bénin revises national accounts base, GDP 2023 jumps by 25.2%
The National Institute of Statistics and Demography (INStaD) has completed the rebasing of Benin’s national accounts, adopting 2023 as the new reference year in place of the previous 2015 base. This statistical adjustment has revised the country’s 2023 GDP to 14,020.2 billion FCFA, marking a significant 25.2% increase—a reflection of improved tracking of recent economic transformations in Benin.
Rebasing aligns with global standards
This overhaul aligns Benin’s economic measurement with the 2008 United Nations System of National Accounts, which advocates regular updates to the base year for more accurate economic estimates. The INStaD noted that the conventional five-year revision cycle was delayed due to global economi...











