Its economy remains underdeveloped and dependent upon agriculture, cotton production, and regional trade. The agricultural sector makes up 38.4 percent of GDP while the industrial sector makes up only 13.9 percent. Although the size of government consumption is relatively low, a large number of government enterprises exist within the economy.
Price controls are still prevalent.
The banking sector is completely private with all deposits held in private banks. There are still strong restrictions on capital transactions with foreigners and the ability to own foreign currencies remains unchanged receiving a rating of 0. Problems also remain in generating a trustworthy established legal structure. Benin needs to contend with corruption, encourage competition and adopt market-based policies if its prospects for growth are to improve. Please report any dead links or technical problems.