Current account balance (credit less debit), Percent of GDP (Balance) in Benin
Benin: Current account balance (credit less debit), Percent of GDP (Balance) was -4.86 in 2027. ▼ Falling
Current account balance (credit less debit), Percent of GDP (Balance) in Benin, 2000–2027
Source: International Monetary Fund.
Analysis
Benin recorded -4.86 for current account balance (credit less debit), percent of gdp (balance) in 2027.
That represents a change of up 1.9% on the previous year and down 17.0% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in Benin peaked at -1.75 in 2020 and was at its lowest, -8.18, in 2023.
That places Benin 30th out of 45 countries with data for 2027, putting it in the middle of the range.
The long-run direction has been consistently falling across the 28 years of available data.
Current account balance (credit less debit), Percent of GDP (Balance) in Benin, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -2.29 | — |
| 2001 | -2.05 | -10.9% |
| 2002 | -3.74 | +82.9% |
| 2003 | -6.21 | +65.9% |
| 2004 | -4.67 | -24.8% |
| 2005 | -3.44 | -26.2% |
| 2006 | -3.09 | -10.3% |
| 2007 | -6.55 | +112.0% |
| 2008 | -5.5 | -16.0% |
| 2009 | -6.69 | +21.7% |
| 2010 | -5.57 | -16.8% |
| 2011 | -4.83 | -13.2% |
| 2012 | -5.18 | +7.1% |
| 2013 | -5.38 | +3.9% |
| 2014 | -6.67 | +24.0% |
| 2015 | -5.96 | -10.6% |
| 2016 | -3 | -49.8% |
| 2017 | -4.16 | +38.8% |
| 2018 | -4.52 | +8.8% |
| 2019 | -3.92 | -13.4% |
| 2020 | -1.75 | -55.4% |
| 2021 | -4.15 | +137.8% |
| 2022 | -5.69 | +36.9% |
| 2023 | -8.18 | +43.8% |
| 2024 | -6.04 | -26.1% |
| 2025 | -5.67 | -6.2% |
| 2026 | -4.96 | -12.5% |
| 2027 | -4.86 | -1.9% |
Benin compared with similar countries
- Benin's -4.86 is below the median for Sub-Saharan Africa, which is -2.9, 1.7× the median. (45 countries reporting)
- Benin's -4.86 is below the median for lower middle income countries, which is -2.77, 1.8× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.42 | -6.69 | -2.05 | 10 |
| 2010s | -4.92 | -6.67 | -3 | 10 |
| 2020s | -5.16 | -8.18 | -1.75 | 8 |
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), percent of gdp (balance) in Benin?
- Current account balance (credit less debit), percent of gdp (balance) in Benin was -4.86 in 2027, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in Benin?
- The highest recorded value was -1.75 in 2020.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in Benin?
- The lowest recorded value was -8.18 in 2023.
- How does Benin rank for current account balance (credit less debit), percent of gdp (balance)?
- Benin ranks 30th out of 45 countries with data for 2027.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in Benin?
- Over the last ten years it is down 17.0%. 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), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
Sub-Saharan Africa Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in sub-Saharan Africa. Data for the REO for sub-Saharan Africa are prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall.