The economy of Benin remains underdeveloped and dependent on subsistence agriculture, cotton production, and regional trade. Cotton accounts for 40% of GDP and roughly 80% of official export receipts.
Cotonou is the economic capital of Benin, as well as its largest city. Cotonou is Benin’s largest city and houses many of its government and diplomatic services. The city is a major port, and is also home to an airport and a railway that links to Parakou.
Cotonou has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.