Debt service as a proportion of exports of goods, services and in Benin
Benin: Debt service as a proportion of exports of goods, services and was 18.5% in 2023. ◆ Volatile
Latest (2023)
18.5%
Change on year
up 80.5%
World rank
9th
of 125 countries
All-time high
18.5%
in 2023
All-time low
1.6%
in 2008
Years of data
24
2000–2023
Debt service as a proportion of exports of goods, services and in Benin, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2023, debt service as a proportion of exports of goods, services and in Benin stood at 18.5%. That is the highest value across all 24 years on record.
The figure is up 80.5% on the previous year and up 498.3% over ten years.
Over the whole period, debt service as a proportion of exports of goods, services and in Benin peaked at 18.5% in 2023 and was at its lowest, 1.6%, in 2008.
That places Benin 9th out of 125 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service as a proportion of exports of goods, services and in Benin, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 12.9% | — |
| 2001 | 8.3% | -36.0% |
| 2002 | 8.7% | +4.8% |
| 2003 | 6.6% | -23.8% |
| 2004 | 4.9% | -25.4% |
| 2005 | 5.9% | +19.0% |
| 2006 | 4.1% | -29.6% |
| 2007 | 2.1% | -48.2% |
| 2008 | 1.6% | -26.0% |
| 2009 | 2.9% | +84.9% |
| 2010 | 2.3% | -22.1% |
| 2011 | 2.4% | +6.8% |
| 2012 | 2.9% | +18.2% |
| 2013 | 3.1% | +7.4% |
| 2014 | 2.5% | -20.7% |
| 2015 | 2.7% | +11.7% |
| 2016 | 3.0% | +8.4% |
| 2017 | 3.0% | +1.1% |
| 2018 | 5.8% | +94.0% |
| 2019 | 5.7% | -2.4% |
| 2020 | 6.3% | +11.3% |
| 2021 | 16.7% | +162.9% |
| 2022 | 10.3% | -38.4% |
| 2023 | 18.5% | +80.5% |
Benin compared with similar countries
- Benin's 18.5% is above the median for lower middle income countries, which is 7.0%, 2.7× the median. (41 countries reporting)
- Benin's 18.5% is above the median for Sub-Saharan Africa, which is 9.0%, 2.1× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.8% | 1.6% | 12.9% | 10 |
| 2010s | 3.3% | 2.3% | 5.8% | 10 |
| 2020s | 13.0% | 6.3% | 18.5% | 4 |
Countries ranked near Benin
- 6 Jamaica 21.7% compare
- 7 Senegal 19.4% compare
- 8 Guinea-Bissau 18.8% compare
- 10 El Salvador 18.4% compare
- 11 Colombia 18.0% compare
- 12 Côte d'Ivoire 17.8% compare
- 12 Cote d'Ivoire 17.8% compare
More economy & growth data for Benin
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 60.28 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0028 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 4.17 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 543.01 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 22.59 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0253 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 37.55 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 12.54 % change on previous year (2025)
Frequently asked questions
- What is debt service as a proportion of exports of goods, services and in Benin?
- Debt service as a proportion of exports of goods, services and in Benin was 18.5% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest debt service as a proportion of exports of goods, services and recorded in Benin?
- The highest recorded value was 18.5% in 2023.
- What is the lowest debt service as a proportion of exports of goods, services and recorded in Benin?
- The lowest recorded value was 1.6% in 2008.
- How does Benin rank for debt service as a proportion of exports of goods, services and?
- Benin ranks 9th out of 125 countries with data for 2023.
- Is debt service as a proportion of exports of goods, services and rising or falling in Benin?
- Over the last ten years it is up 498.3%. The long-run trend across the full record is volatile.
- Where does this Benin data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Debt service as a proportion of exports of goods, services and primary income (%). Statizoid updates them automatically from the source API.
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