Goods balance (credit less debit), Percent of GDP (Balance of) in Benin
Benin: Goods balance (credit less debit), Percent of GDP (Balance of) was -1.5 in 2027. ▲ Rising
Goods balance (credit less debit), Percent of GDP (Balance of) in Benin, 2000–2027
Source: International Monetary Fund.
Analysis
The most recent figure for goods balance (credit less debit), percent of gdp (balance of) in Benin is -1.5, measured in 2027.
Compared with earlier readings it is down 6.0% on the previous year and up 44.4% over ten years.
Over the whole period, goods balance (credit less debit), percent of gdp (balance of) in Benin peaked at -0.9363 in 2016 and was at its lowest, -6.8, in 2007.
Benin ranks 21st of 45 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Goods balance (credit less debit), Percent of GDP (Balance of) in Benin, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -3.49 | — |
| 2001 | -4.9 | +40.4% |
| 2002 | -5.51 | +12.6% |
| 2003 | -5.2 | -5.6% |
| 2004 | -4.39 | -15.7% |
| 2005 | -4.34 | -1.0% |
| 2006 | -4.36 | +0.4% |
| 2007 | -6.8 | +55.9% |
| 2008 | -6.23 | -8.4% |
| 2009 | -5.29 | -15.1% |
| 2010 | -5.18 | -2.1% |
| 2011 | -5.15 | -0.7% |
| 2012 | -5.02 | -2.4% |
| 2013 | -4.89 | -2.6% |
| 2014 | -5.36 | +9.5% |
| 2015 | -4.6 | -14.1% |
| 2016 | -0.9363 | -79.6% |
| 2017 | -2.69 | +187.4% |
| 2018 | -3.87 | +44.0% |
| 2019 | -3.02 | -21.9% |
| 2020 | -0.996 | -67.1% |
| 2021 | -1.99 | +100.0% |
| 2022 | -3.65 | +83.4% |
| 2023 | -3.04 | -16.7% |
| 2024 | -1.06 | -65.1% |
| 2025 | -1.69 | +59.5% |
| 2026 | -1.41 | -16.7% |
| 2027 | -1.5 | +6.0% |
Benin compared with similar countries
- Benin's -1.5 is above the median for Sub-Saharan Africa, which is -2.52, 59% of the median. (45 countries reporting)
- Benin's -1.5 is above the median for lower middle income countries, which is -1.5, 1.0× the median. (19 countries reporting)
Biggest year-on-year movements
Years where Goods balance (credit less debit), Percent of GDP (Balance of) in Benin changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | -187.4% | -0.9363 | -2.69 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -5.05 | -6.8 | -3.49 | 10 |
| 2010s | -4.07 | -5.36 | -0.9363 | 10 |
| 2020s | -1.92 | -3.65 | -0.996 | 8 |
Countries ranked near Benin
- 18 South Africa 2.43 compare
- 19 Niger 1.94 compare
- 20 Eswatini 1.33 compare
- 22 Mozambique -2.36 compare
- 23 Sierra Leone -2.52 compare
- 24 Liberia -3.74 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), percent of gdp (balance of) in Benin?
- Goods balance (credit less debit), percent of gdp (balance of) in Benin was -1.5 in 2027, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), percent of gdp (balance of) recorded in Benin?
- The highest recorded value was -0.9363 in 2016.
- What is the lowest goods balance (credit less debit), percent of gdp (balance of) recorded in Benin?
- The lowest recorded value was -6.8 in 2007.
- How does Benin rank for goods balance (credit less debit), percent of gdp (balance of)?
- Benin ranks 21st out of 45 countries with data for 2027.
- Is goods balance (credit less debit), percent of gdp (balance of) rising or falling in Benin?
- Over the last ten years it is up 44.4%. The long-run trend across the full record is rising.
- Where does this Benin data come from?
- The figures come from International Monetary Fund, published as part of Goods balance (credit less debit), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
Download this data
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About this data
Sub-Saharan Africa Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in sub-Saharan Africa. Data for the REO for sub-Saharan Africa are prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall.