Current account balance (credit less debit), Net (credits less debits) in Benin
Benin: Current account balance (credit less debit), Net (credits less debits) was -1.61 billion in 2023. ▼ Falling
Current account balance (credit less debit), Net (credits less debits) in Benin, 2005–2023
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), net (credits less debits) in Benin is -1.61 billion, measured in 2023. That is the lowest value across all 19 years on record.
That represents a change of down 62.3% on the previous year and down 138.9% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Benin peaked at -217.20 million in 2006 and was at its lowest, -1.61 billion, in 2023.
That places Benin 143rd out of 198 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Current account balance (credit less debit), Net (credits less debits) in Benin, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -226.18 million | — |
| 2006 | -217.20 million | -4.0% |
| 2007 | -534.76 million | +146.2% |
| 2008 | -538.19 million | +0.6% |
| 2009 | -651.55 million | +21.1% |
| 2010 | -530.86 million | -18.5% |
| 2011 | -516.84 million | -2.6% |
| 2012 | -576.94 million | +11.6% |
| 2013 | -673.37 million | +16.7% |
| 2014 | -885.80 million | +31.5% |
| 2015 | -679.20 million | -23.3% |
| 2016 | -354.24 million | -47.8% |
| 2017 | -531.03 million | +49.9% |
| 2018 | -648.83 million | +22.2% |
| 2019 | -575.59 million | -11.3% |
| 2020 | -273.97 million | -52.4% |
| 2021 | -734.66 million | +168.2% |
| 2022 | -991.00 million | +34.9% |
| 2023 | -1.61 billion | +62.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -433.57 million | -651.55 million | -217.20 million | 5 |
| 2010s | -597.27 million | -885.80 million | -354.24 million | 10 |
| 2020s | -902.04 million | -1.61 billion | -273.97 million | 4 |
Countries ranked near Benin
More financial sector data for Benin
- Net domestic credit (current LCU), per capita 226,044 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 136.31 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 13.87 % change on previous year (2025)
- Domestic credit to private sector by banks 19.7% (2025)
- Net domestic credit 3.35 trillion current LCU (2025)
- Net foreign assets 2.25 trillion current LCU (2025)
- Monetary Sector credit to private sector 19.8% (2025)
- Broad money 29.6% (2025)
- Claims on central government, etc. 2.0% (2025)
- Domestic credit to private sector 19.8% (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Benin?
- Current account balance (credit less debit), net (credits less debits) in Benin was -1.61 billion in 2023, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Benin?
- The highest recorded value was -217.20 million in 2006.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Benin?
- The lowest recorded value was -1.61 billion in 2023.
- How does Benin rank for current account balance (credit less debit), net (credits less debits)?
- Benin ranks 143rd out of 198 countries with data for 2023.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Benin?
- Over the last ten years it is down 138.9%. The long-run trend across the full record is falling.
- Where does this Benin data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.