Real interest rate in Benin
Benin: Real interest rate was 4.6% in 2021. ◆ Volatile
Real interest rate in Benin, 2005–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, real interest rate in Benin stood at 4.6%.
That represents a change of up 28.1% on the previous year and up 210.4% over ten years.
Over the whole period, real interest rate in Benin peaked at 7.3% in 2017 and was at its lowest, -2.5%, in 2012.
That places Benin 78th out of 149 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Real interest rate in Benin, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 3.6% | — |
| 2006 | 2.6% | -28.0% |
| 2007 | 4.3% | +67.9% |
| 2008 | -1.4% | -131.4% |
| 2009 | 2.4% | -274.5% |
| 2010 | 4.2% | +76.5% |
| 2011 | 1.5% | -65.0% |
| 2012 | -2.5% | -268.2% |
| 2013 | 3.8% | -255.4% |
| 2014 | 5.6% | +46.0% |
| 2015 | 4.3% | -23.8% |
| 2016 | 4.6% | +7.4% |
| 2017 | 7.3% | +60.0% |
| 2018 | 6.1% | -17.4% |
| 2019 | 7.1% | +17.5% |
| 2020 | 3.6% | -50.0% |
| 2021 | 4.6% | +28.1% |
Benin compared with similar countries
- Benin's 4.6% is below the median for lower middle income countries, which is 5.2%, 87% of the median. (38 countries reporting)
- Benin's 4.6% is below the median for Sub-Saharan Africa, which is 4.9%, 93% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.3% | -1.4% | 4.3% | 5 |
| 2010s | 4.2% | -2.5% | 7.3% | 10 |
| 2020s | 4.1% | 3.6% | 4.6% | 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 real interest rate in Benin?
- Real interest rate in Benin was 4.6% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest real interest rate recorded in Benin?
- The highest recorded value was 7.3% in 2017.
- What is the lowest real interest rate recorded in Benin?
- The lowest recorded value was -2.5% in 2012.
- How does Benin rank for real interest rate?
- Benin ranks 78th out of 149 countries with data for 2021.
- Is real interest rate rising or falling in Benin?
- Over the last ten years it is up 210.4%. The long-run trend across the full record is volatile.
- Where does this Benin data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Real interest rate (%). Statizoid updates them automatically from the source API.
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About this data
An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.