Domestic credit to private sector in Benin
Benin: Domestic credit to private sector was 15.5% in 2020. ◆ Volatile
Domestic credit to private sector in Benin, 1960–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector in Benin is 15.5%, measured in 2020.
The figure is down 11.8% on the previous year and down 1.9% over ten years.
Over the whole period, domestic credit to private sector in Benin peaked at 31.8% in 1983 and was at its lowest, 4.8%, in 2002.
That places Benin 158th out of 187 countries with data for 2020, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector in Benin, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 5.0% | — |
| 1961 | 5.5% | +10.5% |
| 1962 | 6.7% | +20.7% |
| 1963 | 7.1% | +6.8% |
| 1964 | 7.4% | +3.0% |
| 1965 | 6.4% | -13.5% |
| 1966 | 5.7% | -10.0% |
| 1967 | 6.1% | +6.0% |
| 1968 | 6.4% | +4.8% |
| 1969 | 7.6% | +19.9% |
| 1970 | 8.0% | +5.2% |
| 1971 | 9.3% | +15.3% |
| 1972 | 10.1% | +8.9% |
| 1973 | 11.3% | +12.5% |
| 1974 | 12.3% | +8.8% |
| 1975 | 22.4% | +81.5% |
| 1976 | 19.2% | -14.0% |
| 1977 | 20.4% | +6.1% |
| 1978 | 21.5% | +5.5% |
| 1979 | 25.2% | +17.0% |
| 1980 | 28.6% | +13.7% |
| 1981 | 24.8% | -13.4% |
| 1982 | 30.2% | +21.9% |
| 1983 | 31.8% | +5.4% |
| 1984 | 25.4% | -20.1% |
| 1985 | 31.0% | +21.7% |
| 1986 | 28.7% | -7.4% |
| 1987 | 26.6% | -7.3% |
| 1988 | 28.6% | +7.5% |
| 1989 | 21.6% | -24.4% |
| 1990 | 19.1% | -11.4% |
| 1991 | 15.4% | -19.6% |
| 1992 | 11.7% | -24.1% |
| 1993 | 10.5% | -9.9% |
| 1994 | 8.5% | -19.6% |
| 1995 | 7.4% | -12.1% |
| 1996 | 8.5% | +14.1% |
| 1997 | 5.4% | -36.1% |
| 1998 | 6.9% | +27.7% |
| 1999 | 7.1% | +3.3% |
| 2000 | 7.8% | +8.7% |
| 2001 | 5.1% | -33.8% |
| 2002 | 4.8% | -5.9% |
| 2003 | 7.7% | +58.7% |
| 2004 | 7.8% | +1.7% |
| 2005 | 9.0% | +15.8% |
| 2006 | 10.3% | +14.4% |
| 2007 | 12.3% | +19.1% |
| 2008 | 12.8% | +3.8% |
| 2009 | 15.1% | +18.4% |
| 2010 | 15.8% | +4.7% |
| 2011 | 16.6% | +4.7% |
| 2012 | 15.6% | -5.6% |
| 2013 | 16.5% | +5.2% |
| 2014 | 16.7% | +1.7% |
| 2015 | 16.7% | -0.0% |
| 2016 | 17.5% | +4.5% |
| 2017 | 16.6% | -5.2% |
| 2018 | 16.7% | +1.0% |
| 2019 | 17.6% | +5.2% |
| 2020 | 15.5% | -11.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.4% | 5.0% | 7.6% | 10 |
| 1970s | 16.0% | 8.0% | 25.2% | 10 |
| 1980s | 27.7% | 21.6% | 31.8% | 10 |
| 1990s | 10.1% | 5.4% | 19.1% | 10 |
| 2000s | 9.3% | 4.8% | 15.1% | 10 |
| 2010s | 16.6% | 15.6% | 17.6% | 10 |
| 2020s | 15.5% | 15.5% | 15.5% | 1 |
Countries ranked near Benin
- 155 Madagascar 16.2% compare
- 156 Somalia 16.0% compare
- 157 Argentina 16.0% compare
- 159 Timor-Leste 15.3% compare
- 160 Equatorial Guinea 15.2% compare
- 161 Zambia 15.2% compare
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 domestic credit to private sector in Benin?
- Domestic credit to private sector in Benin was 15.5% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Benin?
- The highest recorded value was 31.8% in 1983.
- What is the lowest domestic credit to private sector recorded in Benin?
- The lowest recorded value was 4.8% in 2002.
- How does Benin rank for domestic credit to private sector?
- Benin ranks 158th out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Benin?
- Over the last ten years it is down 1.9%. The long-run trend across the full record is volatile.
- Where does this Benin data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.