Financial and insurance activities (banking), value added in Benin
Benin: Financial and insurance activities (banking), value added was 22.52 billion constant LCU in 2010. ▲ Rising
Financial and insurance activities (banking), value added in Benin, 1990–2010
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in constant LCU.
Analysis
Benin recorded 22.52 billion constant LCU for financial and insurance activities (banking), value added in 2010. That is the highest value across all 21 years on record.
That represents a change of up 3.5% on the previous year and up 75.6% over ten years.
Over the whole period, financial and insurance activities (banking), value added in Benin peaked at 22.52 billion constant LCU in 2010 and was at its lowest, 8.42 billion constant LCU, in 1990.
Benin ranks 13th of 31 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Financial and insurance activities (banking), value added in Benin, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1990 | 8.42 billion constant LCU | — |
| 1991 | 8.88 billion constant LCU | +5.4% |
| 1992 | 9.87 billion constant LCU | +11.2% |
| 1993 | 10.33 billion constant LCU | +4.6% |
| 1994 | 8.69 billion constant LCU | -15.8% |
| 1995 | 9.46 billion constant LCU | +8.9% |
| 1996 | 9.96 billion constant LCU | +5.2% |
| 1997 | 10.90 billion constant LCU | +9.5% |
| 1998 | 11.40 billion constant LCU | +4.6% |
| 1999 | 12.12 billion constant LCU | +6.3% |
| 2000 | 12.83 billion constant LCU | +5.8% |
| 2001 | 13.83 billion constant LCU | +7.8% |
| 2002 | 14.79 billion constant LCU | +6.9% |
| 2003 | 15.94 billion constant LCU | +7.8% |
| 2004 | 16.02 billion constant LCU | +0.5% |
| 2005 | 17.06 billion constant LCU | +6.5% |
| 2006 | 17.91 billion constant LCU | +5.0% |
| 2007 | 19.06 billion constant LCU | +6.4% |
| 2008 | 20.36 billion constant LCU | +6.8% |
| 2009 | 21.76 billion constant LCU | +6.9% |
| 2010 | 22.52 billion constant LCU | +3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.00 billion constant LCU | 8.42 billion constant LCU | 12.12 billion constant LCU | 10 |
| 2000s | 16.96 billion constant LCU | 12.83 billion constant LCU | 21.76 billion constant LCU | 10 |
| 2010s | 22.52 billion constant LCU | 22.52 billion constant LCU | 22.52 billion constant LCU | 1 |
Countries ranked near Benin
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)
- Gross value added at basic prices (GVA) (current US$), annual growth 14.34 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9049 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 1,500 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.74 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 526.56 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 873,178 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 7.95 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7625 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is financial and insurance activities (banking), value added in Benin?
- Financial and insurance activities (banking), value added in Benin was 22.52 billion constant LCU in 2010, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest financial and insurance activities (banking), value added recorded in Benin?
- The highest recorded value was 22.52 billion constant LCU in 2010.
- What is the lowest financial and insurance activities (banking), value added recorded in Benin?
- The lowest recorded value was 8.42 billion constant LCU in 1990.
- How does Benin rank for financial and insurance activities (banking), value added?
- Benin ranks 13th out of 31 countries with data for 2010.
- Is financial and insurance activities (banking), value added rising or falling in Benin?
- Over the last ten years it is up 75.6%. The long-run trend across the full record is rising.
- Where does this Benin data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Financial and insurance activities (banking), value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Value added in banking is defined as the value of output of the banking industry less the value of intermediate consumption (intermediate inputs). Banking is a subset of services, comprising financial intermediation (ISIC 65-67). Data are in constant local currency.