Money market Rate, Percent per annum in Benin
Benin: Money market Rate, Percent per annum was 2 in 2021. ▼ Falling
Money market Rate, Percent per annum in Benin, 2001–2021
Source: International Monetary Fund.
Analysis
The most recent figure for money market rate, percent per annum in Benin is 2, measured in 2021. That is the lowest value across all 21 years on record.
The figure is down 12.9% on the previous year and down 51.4% over ten years.
Over the whole period, money market rate, percent per annum in Benin peaked at 5.4 in 2008 and was at its lowest, 2, in 2021.
That places Benin 73rd out of 94 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Money market Rate, Percent per annum in Benin, year by year
| Year | Value | Change |
|---|---|---|
| 2001 | 4.95 | — |
| 2002 | 4.95 | +0.0% |
| 2003 | 4.95 | +0.0% |
| 2004 | 4.95 | +0.0% |
| 2005 | 4.95 | +0.0% |
| 2006 | 4.95 | +0.0% |
| 2007 | 4.67 | -5.7% |
| 2008 | 5.4 | +15.6% |
| 2009 | 4.76 | -11.7% |
| 2010 | 4.16 | -12.8% |
| 2011 | 4.12 | -0.9% |
| 2012 | 4.43 | +7.5% |
| 2013 | 3.83 | -13.5% |
| 2014 | 4.14 | +8.0% |
| 2015 | 4.33 | +4.6% |
| 2016 | 4.61 | +6.5% |
| 2017 | 3.34 | -27.6% |
| 2018 | 3.55 | +6.6% |
| 2019 | 3.22 | -9.5% |
| 2020 | 2.3 | -28.7% |
| 2021 | 2 | -12.9% |
Benin compared with similar countries
- Benin's 2 is below the median for lower middle income countries, which is 5.09, 39% of the median. (19 countries reporting)
- Benin's 2 is below the median for Sub-Saharan Africa, which is 5.09, 39% of the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.95 | 4.67 | 5.4 | 9 |
| 2010s | 3.97 | 3.22 | 4.61 | 10 |
| 2020s | 2.15 | 2 | 2.3 | 2 |
Countries ranked near Benin
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 money market rate, percent per annum in Benin?
- Money market rate, percent per annum in Benin was 2 in 2021, according to International Monetary Fund.
- What is the highest money market rate, percent per annum recorded in Benin?
- The highest recorded value was 5.4 in 2008.
- What is the lowest money market rate, percent per annum recorded in Benin?
- The lowest recorded value was 2 in 2021.
- How does Benin rank for money market rate, percent per annum?
- Benin ranks 73rd out of 94 countries with data for 2021.
- Is money market rate, percent per annum rising or falling in Benin?
- Over the last ten years it is down 51.4%. The long-run trend across the full record is falling.
- Where does this Benin data come from?
- The figures come from International Monetary Fund, published as part of Money market Rate, Percent per annum. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 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.