Benin vs Ghana: Financial system deposits to GDP
Financial system deposits to GDP over time
- Benin
- Ghana
How they compare
Benin currently reports 24.8% against 23.9% in Ghana, a difference of 0.9%.
The two have swapped places 5 times across 62 shared years of data; in 1960 it was Ghana ahead.
Benin ranks 153rd and Ghana ranks 156th of 185 countries.
Across the 7 decades both report, Benin averaged higher in 2 and Ghana in 5.
Head to head by decade
| Decade | Benin | Ghana | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 1.6% | 5.5% | 3.8% | Ghana |
| 1970s | 4.6% | 5.8% | 1.1% | Ghana |
| 1980s | 15.6% | 7.2% | 8.4% | Benin |
| 1990s | 17.1% | 14.1% | 3.0% | Benin |
| 2000s | 13.1% | 20.2% | 7.1% | Ghana |
| 2010s | 20.7% | 24.5% | 3.8% | Ghana |
| 2020s | 23.7% | 25.6% | 1.9% | Ghana |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher financial system deposits to gdp, Benin or Ghana?
- Benin, at 24.8% against 23.9% in Ghana as of 2021.
- What is the difference in financial system deposits to gdp between Benin and Ghana?
- 0.9%, with Benin ahead.
- How many years of comparable data are there for Benin and Ghana?
- 62 years are reported by both, from 1960 to 2021.
- How do Benin and Ghana rank globally for financial system deposits to gdp?
- Benin ranks 153rd and Ghana ranks 156th of 185 countries.
- Where does this data come from?
- International Financial Statistics (IFS), International Monetary Fund (IMF), published as Financial system deposits to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).