Lending Rate, Percent per annum in Benin
Benin: Lending Rate, Percent per annum was 6.25 in 2021. ▲ Rising
Lending Rate, Percent per annum in Benin, 2005–2021
Source: International Monetary Fund.
Analysis
In 2021, lending rate, percent per annum in Benin stood at 6.25.
That represents a change of down 4.4% on the previous year and up 18.9% over ten years.
Over the whole period, lending rate, percent per annum in Benin peaked at 8.04 in 2005 and was at its lowest, 4.74, in 2006.
Benin ranks 104th of 144 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 Rate, Percent per annum in Benin, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 8.04 | — |
| 2006 | 4.74 | -41.1% |
| 2007 | 4.75 | +0.3% |
| 2008 | 4.98 | +4.9% |
| 2009 | 4.98 | -0.1% |
| 2010 | 5.11 | +2.7% |
| 2011 | 5.26 | +2.8% |
| 2012 | 5.04 | -4.1% |
| 2013 | 5.29 | +4.9% |
| 2014 | 5.34 | +1.0% |
| 2015 | 5.15 | -3.4% |
| 2016 | 5.29 | +2.7% |
| 2017 | 6.93 | +31.0% |
| 2018 | 6.76 | -2.5% |
| 2019 | 6.69 | -1.1% |
| 2020 | 6.54 | -2.3% |
| 2021 | 6.25 | -4.4% |
Benin compared with similar countries
- Benin's 6.25 is below the median for lower middle income countries, which is 11.63, 54% of the median. (38 countries reporting)
- Benin's 6.25 is below the median for Sub-Saharan Africa, which is 14.29, 44% of the median. (43 countries reporting)
Biggest year-on-year movements
Years where Lending Rate, Percent per annum 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% | 8.04 | 4.74 |
| 2017 | +31.0% | 5.29 | 6.93 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.5 | 4.74 | 8.04 | 5 |
| 2010s | 5.69 | 5.04 | 6.93 | 10 |
| 2020s | 6.39 | 6.25 | 6.54 | 2 |
Countries ranked near Benin
- 101 Montenegro 6.32 compare
- 102 Botswana 6.26 compare
- 103 Saint Lucia 6.25 compare
- 104 Burkina Faso 6.25 compare
- 106 Norway 5.88 compare
- 107 Dominica 5.77 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 rate, percent per annum in Benin?
- Lending rate, percent per annum in Benin was 6.25 in 2021, according to International Monetary Fund.
- What is the highest lending rate, percent per annum recorded in Benin?
- The highest recorded value was 8.04 in 2005.
- What is the lowest lending rate, percent per annum recorded in Benin?
- The lowest recorded value was 4.74 in 2006.
- How does Benin rank for lending rate, percent per annum?
- Benin ranks 104th out of 144 countries with data for 2021.
- Is lending rate, percent per annum 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 Monetary Fund, published as part of Lending Rate, Percent per annum. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.