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| See also: | Other events of 2017 List of years in Benin | ||||
This articles lists events from the year 2017 in Benin .
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| See also: | Other events of 2017 List of years in Benin | ||||
This articles lists events from the year 2017 in Benin .
Benin's overall macroeconomic conditions were positive in 2017, with a growth rate of around 5.6 percent. Economic growth was largely driven by Benin's cotton industry and other cash crops, the Port of Cotonou, and telecommunications. Cashew and pineapple production and processing have substantial commercial potential. The country's primary source of revenue is the Port of Cotonou, although the government is seeking to expand its revenue base. In 2017, Benin imported about $2.8 billion in goods such as rice, meat and poultry, alcoholic beverages, fuel plastic materials, specialized mining and excavating machinery, telecommunications equipment, passenger vehicles, and toiletries and cosmetics. Principal exports are ginned cotton, cotton cake and cotton seeds, cashew, shea butter, cooking oil, and lumber. [1]
Benin, officially the Republic of Benin, and formerly Dahomey, is a country in West Africa. It is bordered by Togo to the west, Nigeria to the east, Burkina Faso to the north-west, and Niger to the north-east. The majority of its population lives on the southern coastline of the Bight of Benin, part of the Gulf of Guinea in the northernmost tropical portion of the Atlantic Ocean. The capital is Porto-Novo, and the seat of government is in Cotonou, the most populous city and economic capital. Benin covers an area of 114,763 square kilometres (44,310 sq mi) and its population in 2021 was estimated to be approximately 13 million. It is a tropical nation, dependent on agriculture, and is an exporter of palm oil and cotton. Some employment and income arise from subsistence farming.
The economy of Benin remains underdeveloped and dependent on subsistence agriculture and cotton. Cotton accounts for 40% of Benin's GDP and roughly 80% of official export receipts. There is also production of textiles, palm products, and cocoa beans. Maize (corn), beans, rice, peanuts, cashews, pineapples, cassava, yams, and other various tubers are grown for local subsistence. Benin began producing a modest quantity of offshore oil in October 1982. Production ceased in recent years but exploration of new sites is ongoing.
The economy of Guinea-Bissau comprises a mixture of state-owned and private companies. Guinea-Bissau is among the world's least developed nations and one of the 10 poorest countries in the world, and depends mainly on agriculture and fishing. Cashew crops have increased remarkably in recent years, and the country ranked ninth in cashew production for the year of 2019.
The economy of Mali is based to a large extent upon agriculture, with a mostly rural population engaged in subsistence agriculture.
The History of Benin since the 16th century, for the geographical area included in 1960 in what was then called the Republic of Dahomey before becoming the People's Republic of Benin.
Cotonou is a city in Benin. Its official population count was 761,137 inhabitants in 2006; however, some estimates indicate its population to be as high as 2.4 million.
The economy of Mozambique is $14.396 billion by gross domestic product as of 2018, and has developed since the end of the Mozambican Civil War (1977–1992). In 1987, the government embarked on a series of macroeconomic reforms, which were designed to stabilize the economy. These steps, combined with donor assistance and with political stability since the multi-party elections in 1994, have led to dramatic improvements in the country's growth rate. Inflation was brought to single digits during the late 1990s, although it returned to double digits in 2000–02. Fiscal reforms, including the introduction of a value-added tax and reform of the customs service, have improved the government's revenue collection abilities.
Porto-Novo, also known as Hogbonu and Ajashe, is the capital of Benin. The commune covers an area of 110 square kilometres (42 sq mi) and as of 2002 had a population of 223,552 people.
Parakou is the largest city in northern Benin, with an estimated population of around 206,667 people, and capital of the Borgou Department. Administratively the commune of Parakou makes up one of Benin's 77 communes. Since 2015, its mayor is Souradjou Adamou Karimou.
Ségbana is a town, arrondissement and commune located in the Alibori Department of Benin. The commune covers an area of 4471 square kilometres and as of 2013 had a population of 89,268 people.
Cotonou Cadjehoun Airport is an airport in the Cadjehoun neighborhood of Cotonou, the largest city in Benin, in West Africa. The airport is the largest in the country, and as such, is the primary entry point into the country by air, with flights to Africa and Europe.
Benin and the United States have had an excellent history of relations in the years since Benin embraced democracy. The U.S. Government continues to assist Benin with the improvement of living standards that are key to the ultimate success of Benin's experiment with democratic government and economic liberalization, and are consistent with U.S. values and national interest in reducing poverty and promoting growth. The bulk of the U.S. effort in support of consolidating democracy in Benin is focused on long-term human resource development through U.S. Agency for International Development (USAID) programs.
Benin is predominantly a rural society, and agriculture in Benin supports more than 70% of the population. Agriculture contributes around 35% of the country's gross domestic product (GDP) and 80% of export income. While the Government of Benin (GOB) aims to diversify its agricultural production, Benin remains underdeveloped, and its economy is underpinned by subsistence agriculture. Approximately 93% of total agricultural production goes into food production. The proportion of the population living in poverty is about 35.2%, with more rural households in poverty (38.4%) than urban households (29.8%). 36% of households depend solely upon agricultural (crop) production for income, and another 30% depend on crop production, livestock, or fishing for income.
Agriculture was the foundation of the economy in Ivory Coast and its main source of growth. In 1987 the agricultural sector contributed 35 percent of the country's GDP and 66 percent of its export revenues, provided employment for about two-thirds of the national work force, and generated substantial revenues despite the drop in coffee and cocoa prices. From 1965 to 1980, agricultural GDP grew by an average 4.6 percent per year. Growth of agricultural GDP from coffee, cocoa, and timber production, which totaled nearly 50 percent of Ivory Coast's export revenues, averaged 7 percent a year from 1965 to 1980.
The economy of Ivory Coast is stable and currently growing, in the aftermath of political instability in recent decades. The Ivory Coast's economy is largely market-based and depends heavily on the agricultural sector. Almost 70% of the Ivorian people are engaged in some form of agricultural activity. GDP per capita grew 82% in the 1960s, reaching a peak growth of 360% in the 1970s, but this proved unsustainable and it shrank by 28% in the 1980s and a further 22% in the 1990s. This decline, coupled with high population growth, resulted in a steady fall in living standards. The Gross national product per capita, now rising again, was about US$727 in 1996. It was substantially higher two decades before.
The number of adults and children living with HIV/AIDS in Benin in 2003 was estimated by the Joint United Nations Programme for HIV/AIDS (UNAIDS) to range between 38,000 and 120,000, with nearly equal numbers of males and females. A recent study conducted by the National AIDS Control Program estimated the number of people living with HIV/AIDS to be 71,950. In 2003, an estimated 6,140 adults and children died of AIDS. Benin has a well-functioning system of antenatal HIV surveillance; in 2002, the median HIV prevalence at 36 antenatal clinics was 1.9%. Another study in 2002 showed an overall prevalence of 2.3% among adults in Cotonou, Benin's largest city.
Benin has a total of 578 km (359 mi) of single track, 1,000 mm railway. Rail construction began around 1900, with regular services commencing in 1906; rail operation was taken into government control in 1930.
Patrice Guillaume Athanase Talon is a Beninese politician and businessman who has been President of Benin since 6 April 2016.
Foreign trade, particularly informal transit trade, plays an important role in Benin's economy.
Fresh (wet) markets occur in most towns and villages in Benin, usually surrounded by large numbers of small shops selling foods, consumer items, imported foods and goods, clothing, household goods, etc. With a large portion of the population producing much of their own food, particularly for starches, open markets are where the diet is rounded out with items not self-produced. For those with higher incomes, more of the food consumed is purchased at market. Most vegetables are in villages and town markets, which usually have a major day, or multiple days, where traders and retailers are active in selling perishables in particular. Fish, meats, staple starch crops, legumes, soy and milk cheeses, fruits, and vegetables are available in the market every week of the year in most places with significant variations in the quantity supplied. Staple crops are usually sold to retailers by wholesalers, who obtain them from the producers. Meat is sold by the butchers who source from the producers. The source of vegetables depends on the season. Regional trade keeps a selection of vegetables available, with price and quantity fluctuations depending on the season. Visits to markets in the Parakou and Nikki areas observed avocados from Lomé in Togo and red onions from Niger. Eastern border markets have many Nigerian traders coming into Benin to purchase fruits and vegetables for sale in Nigeria. Most of these transactions are not captured in either of the countries' statistical records. Vegetables traders/retailers obtain their products either from the intermediary traders or directly at the farm gate if possible. For many items there are unwritten agreements that producers will sell to retailers, not directly to consumers. Intermediaries buy at the farms and transport the products directly to their various market destinations. Women dominate the role of vegetable retailers at these open markets. Vegetable producers market much of their produce in bulk at harvest time because of the highly perishable nature of their products. In general, producers conduct all of their sales immediately after harvest. The long marketing channel of vegetables in the larger peri-urban and urban areas involves several types of intermediaries, from local traders to wholesalers. Studies by INRAB have shown that producers are more inefficient in marketing than in production. There is a lack of market participation of farmers and current barriers to entry by farmers limit their access to markets.
This article incorporates text from this source, which is in the public domain . 
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