Goods balance (credit less debit), Net (credits less debits) (US) in Benin
Benin: Goods balance (credit less debit), Net (credits less debits) (US) was -598.79 million in 2023. ▬ Flat
Goods balance (credit less debit), Net (credits less debits) in Benin, 2005–2023
Source: International Monetary Fund.
Analysis
In 2023, goods balance (credit less debit), net (credits less debits) in Benin stood at -598.79 million.
The figure is up 6.0% on the previous year and up 2.2% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Benin peaked at -110.69 million in 2016 and was at its lowest, -711.40 million, in 2014.
That places Benin 92nd out of 198 countries with data for 2023, putting it in the middle of the range.
Goods balance (credit less debit), Net (credits less debits) (US) in Benin, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -285.36 million | — |
| 2006 | -306.78 million | +7.5% |
| 2007 | -555.57 million | +81.1% |
| 2008 | -609.99 million | +9.8% |
| 2009 | -515.27 million | -15.5% |
| 2010 | -494.12 million | -4.1% |
| 2011 | -550.27 million | +11.4% |
| 2012 | -559.44 million | +1.7% |
| 2013 | -612.00 million | +9.4% |
| 2014 | -711.40 million | +16.2% |
| 2015 | -523.67 million | -26.4% |
| 2016 | -110.69 million | -78.9% |
| 2017 | -343.62 million | +210.4% |
| 2018 | -555.60 million | +61.7% |
| 2019 | -444.46 million | -20.0% |
| 2020 | -156.24 million | -64.8% |
| 2021 | -352.38 million | +125.5% |
| 2022 | -636.68 million | +80.7% |
| 2023 | -598.79 million | -6.0% |
Benin compared with similar countries
- Benin's -598.79 million is above the median for lower middle income countries, which is -673.06 million, 89% of the median. (46 countries reporting)
- Benin's -598.79 million is below the median for Sub-Saharan Africa, which is -577.00 million, 1.0× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -454.59 million | -609.99 million | -285.36 million | 5 |
| 2010s | -490.53 million | -711.40 million | -110.69 million | 10 |
| 2020s | -436.02 million | -636.68 million | -156.24 million | 4 |
Countries ranked near Benin
- 89 Mauritania -496.51 million compare
- 90 Liberia -499.38 million compare
- 91 Sierra Leone -577.00 million compare
- 93 Bhutan -628.89 million compare
- 94 East Timor -643.04 million compare
- 95 Antigua and Barbuda -653.47 million 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 goods balance (credit less debit), net (credits less debits) in Benin?
- Goods balance (credit less debit), net (credits less debits) in Benin was -598.79 million in 2023, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Benin?
- The highest recorded value was -110.69 million in 2016.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Benin?
- The lowest recorded value was -711.40 million in 2014.
- How does Benin rank for goods balance (credit less debit), net (credits less debits)?
- Benin ranks 92nd out of 198 countries with data for 2023.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Benin?
- Over the last ten years it is up 2.2%. The long-run trend across the full record is flat.
- Where does this Benin data come from?
- The figures come from International Monetary Fund, published as part of Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.