Skip to main content
Knowledge4Policy
KNOWLEDGE FOR POLICY

Supporting policy with scientific evidence

We mobilise people and resources to create, curate, make sense of and use knowledge to inform policymaking across Europe.

Publication | 2024

Benin Economic Update 2024: Adapting to climate change for sustainable, resilient economic growth

Global Food and Nutrition Security
  • Growth is projected to stabilize at 6.2% between 2024 and 2026, averaging 3.5% per capita, driven by investment and the expansion of the Glo-Djigbé Industrial Zone (GDIZ).
  • Fiscal consolidation efforts were successful in 2023, thanks to the adoption of innovative tax measures and the containment of spending.
  • Without additional adaptation efforts, climate change is projected to cause increasing economic losses, with average annual GDP losses potentially reaching up to 19% by 2050.
  • With the agricultural sector accounting for a significant share of the economy, it is critical to adapt agricultural practices, restore and protect forests, and invest in water resources.
  • Addressing vulnerabilities in the health system, particularly those exacerbated by climate change, is essential to enhance the resilience of health and education services and protect human capital.
  • Strengthening resilience to urban flooding and investing in resilient transport and digital infrastructure are key to keeping people and markets connected.
  • Benin should prioritize private sector partnerships and financing for climate investments, as the long-term benefits outweigh the costs.