Benin vs Latin America & the Caribbean (IDA & IBRD countries): Gross savings
Gross savings over time
- Benin
- Latin America & the Caribbean (IDA & IBRD countries)
How they compare
Benin currently reports 30.3% against 16.5% in Latin America & the Caribbean (IDA & IBRD countries), a difference of 13.8%.
That makes Benin's figure about 1.8 times Latin America & the Caribbean (IDA & IBRD countries)'s.
The two have swapped places 3 times across 48 shared years of data; in 1976 it was Latin America & the Caribbean (IDA & IBRD countries) ahead.
Benin ranks 38th and Latin America & the Caribbean (IDA & IBRD countries) ranks 39th of 178 countries.
Across the 6 decades both report, Benin averaged higher in 1 and Latin America & the Caribbean (IDA & IBRD countries) in 5.
Head to head by decade
| Decade | Benin | Latin America & the Caribbean (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 12.0% | 20.9% | 8.9% | Latin America & the Caribbean (IDA & IBRD countries) |
| 1980s | 4.6% | 20.3% | 15.7% | Latin America & the Caribbean (IDA & IBRD countries) |
| 1990s | 13.0% | 21.3% | 8.3% | Latin America & the Caribbean (IDA & IBRD countries) |
| 2000s | 12.7% | 22.6% | 9.9% | Latin America & the Caribbean (IDA & IBRD countries) |
| 2010s | 16.5% | 18.6% | 2.1% | Latin America & the Caribbean (IDA & IBRD countries) |
| 2020s | 25.8% | 17.7% | 8.1% | Benin |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Benin or Latin America & the Caribbean (IDA & IBRD countries)?
- Benin, at 30.3% against 16.5% in Latin America & the Caribbean (IDA & IBRD countries) as of 2023.
- What is the difference in gross savings between Benin and Latin America & the Caribbean (IDA & IBRD countries)?
- 13.8%, with Benin ahead.
- How many years of comparable data are there for Benin and Latin America & the Caribbean (IDA & IBRD countries)?
- 48 years are reported by both, from 1976 to 2023.
- How do Benin and Latin America & the Caribbean (IDA & IBRD countries) rank globally for gross savings?
- Benin ranks 38th and Latin America & the Caribbean (IDA & IBRD countries) ranks 39th of 178 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross savings (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.