Benin’s economic activity seems to have begun to recover since 2011, after having come under severe pressure in 2009 and 2010 from the combined effects of the global economic crisis and the floods that hit the country. The growth rate of the real economy increased from 2.6% in 2010 to 3.5% in 2011, then to 3.6% in 2012. The recovery in growth has been the result of combined efforts to revive agriculture and repair the infrastructure after the floods of 2010. The country has also benefited from good rainfall. These elements of positive growth were partially offset by the impact of a sharp increase in January 2012 in the price of adulterated petrol called “kpayo”. The economic outlook for 2013 and 2014 is positive and should confirm growth recovery, supported by good results from the 2012/13 cotton season and recovery in port activities.