Country profile · Sovereign risk

Benin

West Africa·BEN·XOF·18 May 2026
RicherFin rating
Proprietary analytical opinion
Currency
XOF
UEMOA
Public projects
35
Published public projects
Reference data
2023–2025
Macroeconomic periods

Ratings & sovereign risk

RicherFin Ratings

The analysis behind the rating.

The RicherFin file presents risk drivers, their sources and limitations, separately from agency ratings.

Agency ratings and outlooks
AgencyRatingOutlook
FitchB+Positive
Moody'sB1Positive
S&PBB-Stable

Sources and reference dates are listed below.

Economic indicators

Each indicator retains its period
IndicatorValuePeriod
Real GDP growth8.1%2025
Current account / GDP-8.2%2023
Inflation1.1%2025
GDP per capitaUSD 1,6582025
Trade openness37.1%2025

Access the markets

Existing RicherFin pages
CodeIssuerCouponMaturityPrice
TPBJ.O10TPBJ 6,15% 2025-20356.15%2035—
TPBJ.O3TPBJ 6,50% 2020-20286.50%2028—
TPBJ.O4TPBJ 5,50 % 2022-20375.50%2037—
TPBJ.O5TPBJ 5,85 % 2022-20425.85%2042—
TPBJ.O6TPBJ 5,75% 2022-20375.75%2037—

Public projects & infrastructure

35 projects →
AGRICULTURAL COMPETITIVENESS AND EXPORT DIVERSIFICATION PROJECTPorts and logistics · ActivePreview→BENIN - Rural Electrification Project in Benin-Phase II (PERU II)Energy sector policy, planning and administration · ApprovedPreview→Benin - Djougou-Pehunco-Banikoara Cotton Road Development ProjectNational road construction · OngoingPreview→Benin - Djougou-Pehunco-Kerou-Banikoara cotton road development projectNational road construction · OngoingPreview→

Sources & data scope

Economic indicator sources

Real GDP growth · 2025 · World Bank · Primary source →

Current account / GDP · 2023 · World Bank · Primary source →

Inflation · 2025 · World Bank · Primary source →

GDP per capita · 2025 · World Bank · Primary source →

Trade openness · 2025 · World Bank · Primary source →

RicherFin and agency ratings

The RicherFin opinion is distinct from agency ratings. A dash indicates an unavailable value.

Fitch · B+ · · Source →

Moody's · B1 · · Source →

S&P · BB- · · Source →