Current account balance as a proportion of GDP (%) in Benin
Benin: Current account balance as a proportion of GDP (%) was -8.2% in 2023. ▼ Falling
Current account balance as a proportion of GDP in Benin, 2000–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Benin recorded -8.2% for current account balance as a proportion of gdp in 2023. That is the lowest value across all 24 years on record.
Compared with earlier readings it is down 43.8% on the previous year and down 52.0% over ten years.
Over the whole period, current account balance as a proportion of gdp in Benin peaked at -1.7% in 2020 and was at its lowest, -8.2%, in 2023.
That places Benin 169th out of 205 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Current account balance as a proportion of GDP (%) in Benin, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -2.3% | — |
| 2001 | -2.0% | -10.9% |
| 2002 | -3.7% | +82.9% |
| 2003 | -6.2% | +65.9% |
| 2004 | -4.7% | -24.8% |
| 2005 | -3.4% | -26.2% |
| 2006 | -3.1% | -10.3% |
| 2007 | -6.5% | +112.0% |
| 2008 | -5.5% | -16.0% |
| 2009 | -6.7% | +21.7% |
| 2010 | -5.6% | -16.8% |
| 2011 | -4.8% | -13.2% |
| 2012 | -5.2% | +7.1% |
| 2013 | -5.4% | +3.9% |
| 2014 | -6.7% | +24.0% |
| 2015 | -6.0% | -10.6% |
| 2016 | -3.0% | -49.8% |
| 2017 | -4.2% | +39.5% |
| 2018 | -4.5% | +8.8% |
| 2019 | -4.0% | -12.1% |
| 2020 | -1.7% | -56.3% |
| 2021 | -4.2% | +137.8% |
| 2022 | -5.7% | +36.9% |
| 2023 | -8.2% | +43.8% |
Benin compared with similar countries
- Benin's -8.2% is below the median for lower middle income countries, which is -0.8%, 9.9× the median. (43 countries reporting)
- Benin's -8.2% is below the median for Sub-Saharan Africa, which is -4.1%, 2.0× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.4% | -6.7% | -2.0% | 10 |
| 2010s | -4.9% | -6.7% | -3.0% | 10 |
| 2020s | -4.9% | -8.2% | -1.7% | 4 |
Countries ranked near Benin
More economy & growth data for Benin
- Real gdp growth, annual growth rate 17.31 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.42 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.03 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -3.83 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0103 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 17.01 units per person (2025)
- SDRs holdings, SDR, annual growth rate -8.42 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0075 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 12.42 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -0.7436 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Benin?
- Current account balance as a proportion of gdp in Benin was -8.2% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Benin?
- The highest recorded value was -1.7% in 2020.
- What is the lowest current account balance as a proportion of gdp recorded in Benin?
- The lowest recorded value was -8.2% in 2023.
- How does Benin rank for current account balance as a proportion of gdp?
- Benin ranks 169th out of 205 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Benin?
- Over the last ten years it is down 52.0%. The long-run trend across the full record is falling.
- Where does this Benin data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).