Private credit by deposit money banks and other financial in Benin
Benin: Private credit by deposit money banks and other financial was 15.5% in 2021. ◆ Volatile
Private credit by deposit money banks and other financial in Benin, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for private credit by deposit money banks and other financial in Benin is 15.5%, measured in 2021.
The figure is down 0.2% on the previous year and down 7.8% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Benin peaked at 31.8% in 1983 and was at its lowest, 2.0%, in 1966.
That places Benin 155th out of 187 countries with data for 2021, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Private credit by deposit money banks and other financial in Benin, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 5.0% | — |
| 1961 | 5.5% | +10.5% |
| 1962 | 2.6% | -52.8% |
| 1963 | 2.6% | +0.9% |
| 1964 | 2.6% | -1.7% |
| 1965 | 2.2% | -14.2% |
| 1966 | 2.0% | -12.2% |
| 1967 | 2.0% | +2.6% |
| 1968 | 2.0% | -0.1% |
| 1969 | 2.4% | +22.3% |
| 1970 | 2.7% | +8.7% |
| 1971 | 2.9% | +10.1% |
| 1972 | 3.2% | +7.8% |
| 1973 | 3.5% | +11.9% |
| 1974 | 4.3% | +22.1% |
| 1975 | 12.4% | +188.0% |
| 1976 | 10.9% | -12.4% |
| 1977 | 11.0% | +0.9% |
| 1978 | 11.8% | +7.6% |
| 1979 | 14.2% | +20.0% |
| 1980 | 28.6% | +102.0% |
| 1981 | 24.8% | -13.4% |
| 1982 | 30.2% | +21.9% |
| 1983 | 31.8% | +5.4% |
| 1984 | 25.4% | -20.1% |
| 1985 | 31.0% | +21.7% |
| 1986 | 28.7% | -7.4% |
| 1987 | 26.6% | -7.3% |
| 1988 | 28.6% | +7.5% |
| 1989 | 21.6% | -24.4% |
| 1990 | 19.1% | -11.4% |
| 1991 | 15.4% | -19.6% |
| 1992 | 11.7% | -24.1% |
| 1993 | 10.5% | -9.9% |
| 1994 | 8.5% | -19.6% |
| 1995 | 7.4% | -12.1% |
| 1996 | 8.5% | +14.1% |
| 1997 | 5.4% | -36.1% |
| 1998 | 6.9% | +27.7% |
| 1999 | 7.1% | +3.3% |
| 2000 | 7.8% | +8.7% |
| 2001 | 7.2% | -7.5% |
| 2002 | 7.6% | +6.3% |
| 2003 | 9.5% | +24.0% |
| 2004 | 9.6% | +0.9% |
| 2005 | 10.8% | +13.3% |
| 2006 | 11.3% | +4.5% |
| 2007 | 13.3% | +17.5% |
| 2008 | 14.3% | +7.6% |
| 2009 | 15.3% | +6.6% |
| 2010 | 16.1% | +5.3% |
| 2011 | 16.8% | +4.4% |
| 2012 | 16.3% | -3.1% |
| 2013 | 16.5% | +1.8% |
| 2014 | 16.5% | -0.1% |
| 2015 | 15.8% | -4.4% |
| 2016 | 17.4% | +10.0% |
| 2017 | 16.5% | -5.0% |
| 2018 | 16.7% | +1.1% |
| 2019 | 17.6% | +5.2% |
| 2020 | 15.5% | -11.8% |
| 2021 | 15.5% | -0.2% |
Benin compared with similar countries
- Benin's 15.5% is below the median for lower middle income countries, which is 24.6%, 63% of the median. (46 countries reporting)
- Benin's 15.5% is above the median for Sub-Saharan Africa, which is 15.4%, 1.0× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Private credit by deposit money banks and other financial 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 |
|---|---|---|---|
| 1975 | +188.0% | 4.3% | 12.4% |
| 1980 | +102.0% | 14.2% | 28.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.9% | 2.0% | 5.5% | 10 |
| 1970s | 7.7% | 2.7% | 14.2% | 10 |
| 1980s | 27.7% | 21.6% | 31.8% | 10 |
| 1990s | 10.1% | 5.4% | 19.1% | 10 |
| 2000s | 10.7% | 7.2% | 15.3% | 10 |
| 2010s | 16.6% | 15.8% | 17.6% | 10 |
| 2020s | 15.5% | 15.5% | 15.5% | 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 private credit by deposit money banks and other financial in Benin?
- Private credit by deposit money banks and other financial in Benin was 15.5% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Benin?
- The highest recorded value was 31.8% in 1983.
- What is the lowest private credit by deposit money banks and other financial recorded in Benin?
- The lowest recorded value was 2.0% in 1966.
- How does Benin rank for private credit by deposit money banks and other financial?
- Benin ranks 155th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Benin?
- Over the last ten years it is down 7.8%. The long-run trend across the full record is volatile.
- Where does this Benin data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
Download this data
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)