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 102nd of 148 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.
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
- 99 Montenegro 6.3% compare
- 100 Botswana 6.3% compare
- 101 Saint Lucia 6.3% compare
- 102 Burkina Faso 6.2% compare
- 104 Libya 6.0% compare
- 105 Norway 5.9% compare
More financial sector data for Benin
- 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)
- Official exchange rate 581.93 LCU per US$, period average (2025)
- Net migration -7,847 (2025)
- Claims on central government 3.0% (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 102nd out of 148 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.