Real GDP grew by 5.4% in 2012, 5.6% in 2013, and an estimated 5.5% in 2014. Growth has been primarily driven by trade and agriculture. Continued improvements at the port of Cotonou have increased traffic and boosted efficiency, while favorable weather conditions have strengthened agricultural output. Benin’s fiscal stance remains stable, and the overall fiscal deficit is estimated at 3.1% of GDP in 2014, following 3.7% in 2013 and 2.4% in 2012.
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