Lending interest rate in Benin
Benin: Lending interest rate was 6.2% in 2021. ▲ Rising
Lending interest rate in Benin, 2005–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for lending interest rate in Benin is 6.2%, measured in 2021.
That represents a change of down 4.4% on the previous year and up 18.9% over ten years.
Over the whole period, lending interest rate in Benin peaked at 8.0% in 2005 and was at its lowest, 4.7%, in 2006.
Benin ranks 103rd of 149 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
Lending interest rate in Benin, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 8.0% | — |
| 2006 | 4.7% | -41.1% |
| 2007 | 4.8% | +0.3% |
| 2008 | 5.0% | +4.9% |
| 2009 | 5.0% | -0.1% |
| 2010 | 5.1% | +2.7% |
| 2011 | 5.3% | +2.8% |
| 2012 | 5.0% | -4.1% |
| 2013 | 5.3% | +4.9% |
| 2014 | 5.3% | +1.0% |
| 2015 | 5.2% | -3.4% |
| 2016 | 5.3% | +2.7% |
| 2017 | 6.9% | +31.0% |
| 2018 | 6.8% | -2.5% |
| 2019 | 6.7% | -1.1% |
| 2020 | 6.5% | -2.3% |
| 2021 | 6.2% | -4.4% |
Benin compared with similar countries
- Benin's 6.2% is below the median for lower middle income countries, which is 11.1%, 56% of the median. (38 countries reporting)
- Benin's 6.2% is below the median for Sub-Saharan Africa, which is 12.4%, 51% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Lending interest rate 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 |
|---|---|---|---|
| 2006 | -41.1% | 8.0% | 4.7% |
| 2017 | +31.0% | 5.3% | 6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.5% | 4.7% | 8.0% | 5 |
| 2010s | 5.7% | 5.0% | 6.9% | 10 |
| 2020s | 6.4% | 6.2% | 6.5% | 2 |
Countries ranked near Benin
- 100 Montenegro 6.3% compare
- 101 Botswana 6.3% compare
- 102 Saint Lucia 6.3% compare
- 103 Burkina Faso 6.2% compare
- 105 Libya 6.0% compare
- 106 Norway 5.9% 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 lending interest rate in Benin?
- Lending interest rate in Benin was 6.2% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in Benin?
- The highest recorded value was 8.0% in 2005.
- What is the lowest lending interest rate recorded in Benin?
- The lowest recorded value was 4.7% in 2006.
- How does Benin rank for lending interest rate?
- Benin ranks 103rd out of 149 countries with data for 2021.
- Is lending interest rate rising or falling in Benin?
- Over the last ten years it is up 18.9%. The long-run trend across the full record is rising.
- Where does this Benin data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Lending interest rate (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.