Current account balance (credit less debit), Net (credits less) in Benin
Benin: Current account balance (credit less debit), Net (credits less) 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) 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% |
Benin compared with similar countries
- Benin's -1.61 billion is below the median for lower middle income countries, which is -96.83 million, 16.6× the median. (46 countries reporting)
- Benin's -1.61 billion is below the median for Sub-Saharan Africa, which is -606.36 million, 2.7× the median. (43 countries reporting)
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
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.7 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.24 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.7 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (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.