Skip to Main Navigation

Benin Country Economic Memorandum 2.0 : Accelerating the Growth Momentum and Creating Better Jobs - Chapter 1 (English)

A small open economy, Benin has seen growth that is above average for the region. The volatility of high growth spells combined with low productivity growth has translated into limited gains in income per capita. Following its transition from low-income country to lower middle income country status in 2020 Benin is at the start of a new growth path Its challenge to boost the structural transformation of its economy driven by new growth drivers capable of sustaining an economic acceleration, lifting labor productivity and creating quality jobs for its young labor force, including women. While Benin’s economy has been spared by the worse of the Coronavirus disease 2019 (COVID 19) crisis, the shock has reinforced the need to focus on structural reforms that address long term challenges and ensure that economic recovery is sustainable and inclusive. The key conclusions that underpin this report, following the country economic memorandum (CEM) 2.0 framework suggest that investing further in human capital and closing gender gaps, particularly to accelerate the decline in fertility rates, and integrate women and youth into a higher quality labor market, should be central. Deepening market integration, connecting people and creating agglomeration economies through transport infrastructure and services should catalyze additional opportunities, taking advantage of Benin’s geographical position.

Details

  • Author

    Picarelli,Nathalie, Yan,Xun, Henry,Alexandre Ben-Aziz Kutu, Rougeaux,Solene Marie Paule, Mongan Agbeshie,Saint-Martin Kodjovi, Accrombessy,Felicien Donat Edgar Towenan, Dudu,Hasan, Engel,Jakob, Avdiu,Besart, Lebrand,Mathilde Sylvie Maria, Benitez,Daniel Alberto, Abate,Megersa Abera, Petreski,Marjan, Bartl,Esther Maria, Samson,Houdou Romaric, Beyene,Lulit Mitik, Sicra,Alejandro, Liu,Zhen-000495915, Kouwoaye,Amevi Rocard, Levai,Adam, Homegnon,Noukpo

  • Document Date

    2022/02/25

  • Document Type

    Working Paper

  • Report Number

    164448

  • Volume No

    1

  • Total Volume(s)

    5

  • Country

    Benin,

  • Region

    Africa West,

  • Disclosure Date

    2022/03/01

  • Disclosure Status

    Disclosed

  • Doc Name

    Accelerating the Growth Momentum and Creating Better Jobs - Chapter 1

  • Keywords

    productivity growth; Country Policy and Institutional Assessment; private investment; gender gap in education; capital stock per capita; domestic terms of trade; legal and regulatory framework; private investment in infrastructure; per capita income level; change in tax revenue; labor productivity growth; domestic revenue mobilization; per capita term; decline in fertility; global value chain; capital per worker; share of employment; access to finance; factor of production; Access to Electricity; Boosting Growth; human capital accumulation; fiscal stimulus package; high population growth; private infrastructure investment; Population Age structure; accelerated economic growth; agricultural raw material; rate of change; global financial crisis; right to education; consumption per capita; domestic financial sector; source of employment; social protection system; change in employment; closing gender gap; economies of scale; gross capital formation; long term growth; use of service; access to infrastructure; quality of infrastructure; effective exchange rate; output per worker; high productivity growth; Transport and ICT; human capital loss; national poverty line; human capital development; working age population; quality of transport; agricultural self-employment; quality of job; account advance rate; Water and Energy; agriculture and service; movement of worker; regional public goods; education and health; unpaid family worker; rate of investment; protectionist trade policy; labor productivity level; return to education; foreign direct investment; total factor productivity; domestic private investment; electronic payment system; domestic financial institution; source of revenue; real gdp; informal worker; recent years; productivity gap; informal firms; economic diversification; Labor Market; Macroeconomic Stability; rural transportation infrastructure; comparator country; border closure; private consumption; gross investment; informal sector; demographic dividend; productivity gain; Learning and Innovation Credit; supply side; long-term credit; government consumption; Fiscal policies; global marketplace; credit growth; market integration; value added; fiscal policy; capital spending; real growth; increase productivity; natural capital; middle-income economy; average worker; export market; public expenditure; other sectors; capital deepening; external position; recent history; trade integration; market access; customs revenue; primary sector; productivity differential; domestic value; secondary sector; social distance; net tax; advanced economy; Informal Economy; fiscal consolidation; capital expenditure; Antenatal Care; annual labor; economic integration; employment growth; tax base; Fragile Countries; land border; trade activity; business environment; high volatility; Job Creation; constant dollar; comparative advantage; wage employment; external shock; digital development; endowment effect; job opportunities; job opportunity; transport service; geographical position; demographic change; agglomeration economy; creating job; domestic credit; financial deepening; cotton export; foreign origin; policy source; customs procedure; infrastructure service; global trade; skill development; high capital; scale economy; resource-rich country; regional inequality; cotton industry; market support; macroeconomic indicator; regional disparity; potential output; household survey; recent studies; low inflation; lower fertility; tax burden; household productivity; monetary policy; real money; cement industry; constant price; Demographic Transition; lower rate; capita growth; labor participation; employment rate; in work; demographic factor; firm level; real output; noncommercial purposes; subsidiary right; aggregate demand; fixed asset; Fixed Assets; annual sale; Capital Investments; transport cost; effective growth; informal business; tax filing; physical infrastructure; Informal Jobs; informal employment; firm survey; participation rate

Downloads

COMPLETE REPORT

Official version of document (may contain signatures, etc)

  • Official PDF
  • TXT*
  • Total Downloads** :
  • Download Stats
  • *The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

Citation

Picarelli,Nathalie Yan,Xun Henry,Alexandre Ben-Aziz Kutu Rougeaux,Solene Marie Paule Mongan Agbeshie,Saint-Martin Kodjovi Accrombessy,Felicien Donat Edgar Towenan Dudu,Hasan Engel,Jakob Avdiu,Besart Lebrand,Mathilde Sylvie Maria Benitez,Daniel Alberto Abate,Megersa Abera Petreski,Marjan Bartl,Esther Maria Samson,Houdou Romaric Beyene,Lulit Mitik Sicra,Alejandro Liu,Zhen-000495915 Kouwoaye,Amevi Rocard Levai,Adam Homegnon,Noukpo

Benin Country Economic Memorandum 2.0 : Accelerating the Growth Momentum and Creating Better Jobs - Chapter 1 (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/846601645771329681/Accelerating-the-Growth-Momentum-and-Creating-Better-Jobs-Chapter-1