Services balance (credit less debit), Net (credits less debits) in Benin
Benin: Services balance (credit less debit), Net (credits less debits) was -1.08 billion in 2023. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in Benin, 2005–2023
Source: International Monetary Fund.
Analysis
Benin recorded -1.08 billion for services balance (credit less debit), net (credits less debits) in 2023. That is the lowest value across all 19 years on record.
The figure is down 178.3% on the previous year and down 337.6% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Benin peaked at -87.50 million in 2005 and was at its lowest, -1.08 billion, in 2023.
Benin ranks 140th of 197 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -172.94 million | -276.06 million | -87.50 million | 5 |
| 2010s | -258.74 million | -415.33 million | -92.84 million | 10 |
| 2020s | -541.49 million | -1.08 billion | -279.49 million | 4 |
Countries ranked near Benin
More financial sector data for Benin
- Net domestic credit (current LCU), annual growth rate 13.87 % change on previous year (2025)
- Net domestic credit (current LCU), per unit of GDP 136.31 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), per capita 226,044 current LCU per person (2025)
- Net foreign assets (current LCU), annual growth rate 10.36 % change on previous year (2025)
- Net foreign assets (current LCU), per unit of GDP 91.41 current LCU per US$ of GDP (2025)
- Net foreign assets (current LCU), per capita 151,577 current LCU per person (2025)
- Net migration, annual growth rate -1.58 % change on previous year (2025)
- Net migration -7,847 (2025)
- Official exchange rate 581.93 LCU per US$, period average (2025)
- Domestic credit to private sector 19.8% (2025)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in Benin?
- Services balance (credit less debit), net (credits less debits) in Benin was -1.08 billion in 2023, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Benin?
- The highest recorded value was -87.50 million in 2005.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Benin?
- The lowest recorded value was -1.08 billion in 2023.
- How does Benin rank for services balance (credit less debit), net (credits less debits)?
- Benin ranks 140th out of 197 countries with data for 2023.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Benin?
- Over the last ten years it is down 337.6%. 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 Services balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.