Number of Depositors, Commercial Banks, of Which: Household Sector in Benin
Benin: Number of Depositors, Commercial Banks, of Which: Household Sector was 2.15 million in 2024. ◆ Volatile
Number of Depositors, Commercial Banks, of Which: Household Sector in Benin, 2004–2024
Source: International Monetary Fund.
Analysis
The most recent figure for number of depositors, commercial banks, of which: household sector in Benin is 2.15 million, measured in 2024.
The figure is up 4.2% on the previous year and up 152.2% over ten years.
Over the whole period, number of depositors, commercial banks, of which: household sector in Benin peaked at 2.26 million in 2021 and was at its lowest, 177,321, in 2004.
Benin ranks 42nd of 72 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Number of Depositors, Commercial Banks, of Which: Household Sector in Benin, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 177,321 | — |
| 2005 | 200,556 | +13.1% |
| 2006 | 240,553 | +19.9% |
| 2007 | 220,184 | -8.5% |
| 2008 | 341,486 | +55.1% |
| 2009 | 428,161 | +25.4% |
| 2010 | 510,952 | +19.3% |
| 2011 | 599,423 | +17.3% |
| 2012 | 651,482 | +8.7% |
| 2013 | 755,355 | +15.9% |
| 2014 | 854,069 | +13.1% |
| 2015 | 983,228 | +15.1% |
| 2016 | 1.09 million | +10.9% |
| 2017 | 1.21 million | +10.7% |
| 2018 | 1.22 million | +1.0% |
| 2019 | 1.53 million | +25.8% |
| 2020 | 2.13 million | +38.7% |
| 2021 | 2.26 million | +6.1% |
| 2022 | 2.07 million | -8.4% |
| 2023 | 2.07 million | +0.0% |
| 2024 | 2.15 million | +4.2% |
Benin compared with similar countries
- Benin's 2.15 million is above the median for lower middle income countries, which is 2.15 million, 1.0× the median. (19 countries reporting)
- Benin's 2.15 million is above the median for Sub-Saharan Africa, which is 970,883, 2.2× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 268,044 | 177,321 | 428,161 | 6 |
| 2010s | 940,552 | 510,952 | 1.53 million | 10 |
| 2020s | 2.13 million | 2.07 million | 2.26 million | 5 |
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 number of depositors, commercial banks, of which: household sector in Benin?
- Number of depositors, commercial banks, of which: household sector in Benin was 2.15 million in 2024, according to International Monetary Fund.
- What is the highest number of depositors, commercial banks, of which: household sector recorded in Benin?
- The highest recorded value was 2.26 million in 2021.
- What is the lowest number of depositors, commercial banks, of which: household sector recorded in Benin?
- The lowest recorded value was 177,321 in 2004.
- How does Benin rank for number of depositors, commercial banks, of which: household sector?
- Benin ranks 42nd out of 72 countries with data for 2024.
- Is number of depositors, commercial banks, of which: household sector rising or falling in Benin?
- Over the last ten years it is up 152.2%. The long-run trend across the full record is volatile.
- Where does this Benin data come from?
- The figures come from International Monetary Fund, published as part of Number of Depositors, Commercial Banks, of Which: Household Sector Depositors. Statizoid updates them automatically from the source API.
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About this data
Gender-disaggregated data on access to and use of financial services.