Deposit Rate, Percent per annum in Benin
Benin: Deposit Rate, Percent per annum was 5.3 in 2021. ▼ Falling
Deposit Rate, Percent per annum in Benin, 2005–2021
Source: International Monetary Fund.
Analysis
Benin recorded 5.3 for deposit rate, percent per annum in 2021.
The figure is up 4.0% on the previous year and down 37.7% over ten years.
Over the whole period, deposit rate, percent per annum in Benin peaked at 8.58 in 2009 and was at its lowest, 5.09, in 2020.
That places Benin 52nd out of 143 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Deposit Rate, Percent per annum in Benin, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 7.61 | — |
| 2006 | 7.82 | +2.8% |
| 2007 | 7.81 | -0.1% |
| 2008 | 8.12 | +4.0% |
| 2009 | 8.58 | +5.6% |
| 2010 | 8.39 | -2.2% |
| 2011 | 8.5 | +1.4% |
| 2012 | 7.99 | -6.0% |
| 2013 | 7.65 | -4.2% |
| 2014 | 7.26 | -5.2% |
| 2015 | 7 | -3.6% |
| 2016 | 6.92 | -1.0% |
| 2017 | 5.27 | -23.9% |
| 2018 | 5.39 | +2.4% |
| 2019 | 5.31 | -1.5% |
| 2020 | 5.09 | -4.1% |
| 2021 | 5.3 | +4.0% |
Benin compared with similar countries
- Benin's 5.3 is above the median for lower middle income countries, which is 5.24, 1.0× the median. (40 countries reporting)
- Benin's 5.3 is below the median for Sub-Saharan Africa, which is 5.67, 93% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.99 | 7.61 | 8.58 | 5 |
| 2010s | 6.97 | 5.27 | 8.5 | 10 |
| 2020s | 5.2 | 5.09 | 5.3 | 2 |
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 deposit rate, percent per annum in Benin?
- Deposit rate, percent per annum in Benin was 5.3 in 2021, according to International Monetary Fund.
- What is the highest deposit rate, percent per annum recorded in Benin?
- The highest recorded value was 8.58 in 2009.
- What is the lowest deposit rate, percent per annum recorded in Benin?
- The lowest recorded value was 5.09 in 2020.
- How does Benin rank for deposit rate, percent per annum?
- Benin ranks 52nd out of 143 countries with data for 2021.
- Is deposit rate, percent per annum rising or falling in Benin?
- Over the last ten years it is down 37.7%. 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 Deposit Rate, Percent per annum. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.