Financial Institutions Index in Benin
Benin: Financial Institutions Index was 0.2336 in 2020. ▼ Falling
Financial Institutions Index in Benin, 1980–2020
Source: International Monetary Fund.
Analysis
Benin recorded 0.2336 for financial institutions index in 2020.
The figure is up 9.9% on the previous year and up 18.0% over ten years.
Over the whole period, financial institutions index in Benin peaked at 0.3027 in 1982 and was at its lowest, 0.1299, in 1993.
That places Benin 140th out of 183 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 41 years of available data.
Financial Institutions Index in Benin, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.2598 | — |
| 1981 | 0.281 | +8.1% |
| 1982 | 0.3027 | +7.7% |
| 1983 | 0.2984 | -1.4% |
| 1984 | 0.269 | -9.8% |
| 1985 | 0.2857 | +6.2% |
| 1986 | 0.2775 | -2.9% |
| 1987 | 0.2672 | -3.7% |
| 1988 | 0.2763 | +3.4% |
| 1989 | 0.2336 | -15.4% |
| 1990 | 0.2253 | -3.6% |
| 1991 | 0.1928 | -14.4% |
| 1992 | 0.164 | -14.9% |
| 1993 | 0.1299 | -20.8% |
| 1994 | 0.153 | +17.7% |
| 1995 | 0.1975 | +29.1% |
| 1996 | 0.1867 | -5.5% |
| 1997 | 0.1844 | -1.2% |
| 1998 | 0.1834 | -0.5% |
| 1999 | 0.1708 | -6.9% |
| 2000 | 0.1744 | +2.1% |
| 2001 | 0.195 | +11.8% |
| 2002 | 0.1681 | -13.8% |
| 2003 | 0.1543 | -8.2% |
| 2004 | 0.164 | +6.3% |
| 2005 | 0.1747 | +6.5% |
| 2006 | 0.1547 | -11.4% |
| 2007 | 0.1855 | +19.9% |
| 2008 | 0.1952 | +5.3% |
| 2009 | 0.1922 | -1.5% |
| 2010 | 0.1979 | +3.0% |
| 2011 | 0.2028 | +2.5% |
| 2012 | 0.1731 | -14.6% |
| 2013 | 0.2073 | +19.7% |
| 2014 | 0.2218 | +7.0% |
| 2015 | 0.2088 | -5.9% |
| 2016 | 0.2123 | +1.7% |
| 2017 | 0.1943 | -8.4% |
| 2018 | 0.2081 | +7.1% |
| 2019 | 0.2124 | +2.1% |
| 2020 | 0.2336 | +9.9% |
Benin compared with similar countries
- Benin's 0.2336 is below the median for lower middle income countries, which is 0.2568, 91% of the median. (45 countries reporting)
- Benin's 0.2336 is above the median for Sub-Saharan Africa, which is 0.2105, 1.1× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.2751 | 0.2336 | 0.3027 | 10 |
| 1990s | 0.1788 | 0.1299 | 0.2253 | 10 |
| 2000s | 0.1758 | 0.1543 | 0.1952 | 10 |
| 2010s | 0.2039 | 0.1731 | 0.2218 | 10 |
| 2020s | 0.2336 | 0.2336 | 0.2336 | 1 |
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 financial institutions index in Benin?
- Financial institutions index in Benin was 0.2336 in 2020, according to International Monetary Fund.
- What is the highest financial institutions index recorded in Benin?
- The highest recorded value was 0.3027 in 1982.
- What is the lowest financial institutions index recorded in Benin?
- The lowest recorded value was 0.1299 in 1993.
- How does Benin rank for financial institutions index?
- Benin ranks 140th out of 183 countries with data for 2020.
- Is financial institutions index rising or falling in Benin?
- Over the last ten years it is up 18.0%. 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 Financial Institutions Index. Statizoid updates them automatically from the source API.
Download this data
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About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.