The economy of Benin remains underdeveloped and dependent on subsistence agriculture, cotton production, and regional trade. Rapid population growth offset much of this growth in output. Commercial and transport activities, which make up a large part of GDP, are extremely vulnerable to developments in Nigeria, particularly fuel shortages. Support by the Paris Club and official bilateral creditors has eased the external debt situation in recent years. The government, still burdened with money-losing state enterprises and a bloated civil service, has been gradually implementing a World Bank supported structural adjustment program since 1991.
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