What is the unemployment rate in Benin?
According to the United Nations Development Programme (2018), the youth unemployment rate in Benin is 2.4%. The minimum wage is 40,000 CFA francs, or approximately €61.
Official Employment Data
According to the report by the United Nations Development Programme (UNDP) published on August 7, 2018, the youth unemployment rate in Benin reaches 2.4%. This statistic specifically concerns the age group of active young people.
Remuneration Level
The legal minimum wage in Benin is set at 40,000 CFA francs, which is approximately equivalent to 61 euros. This amount constitutes the official salary base in the formal sector of the Beninese economy.
Key Takeaways
These figures reflect the situation in the formal sector. The informal economy, which is very developed in West Africa, is not fully accounted for in these official statistics.