Goods balance (credit less debit), Net (credits less debits) in Benin
Benin: Goods balance (credit less debit), Net (credits less debits) 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) 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% |
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 Timor-Leste -643.04 million compare
- 95 Antigua and Barbuda -653.47 million compare
More financial sector data for Benin
- Net domestic credit (current LCU), per capita 226,044 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 136.31 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 13.87 % change on previous year (2025)
- Domestic credit to private sector by banks 19.7% (2025)
- Net domestic credit 3.35 trillion current LCU (2025)
- Net foreign assets 2.25 trillion current LCU (2025)
- Monetary Sector credit to private sector 19.8% (2025)
- Broad money 29.6% (2025)
- Claims on central government, etc. 2.0% (2025)
- Domestic credit to private sector 19.8% (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.
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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.