Financial and insurance activities (banking), value added in Benin
Benin: Financial and insurance activities (banking), value added was 62.78 billion current 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 current LCU.
Analysis
The most recent figure for financial and insurance activities (banking), value added in Benin is 62.78 billion current LCU, measured in 2010. That is the highest value across all 21 years on record.
That represents a change of up 3.6% on the previous year and up 114.0% over ten years.
Over the whole period, financial and insurance activities (banking), value added in Benin peaked at 62.78 billion current LCU in 2010 and was at its lowest, 10.41 billion current LCU, in 1990.
Benin ranks 11th of 36 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 | current LCU | Change |
|---|---|---|
| 1990 | 10.41 billion current LCU | — |
| 1991 | 11.29 billion current LCU | +8.5% |
| 1992 | 13.06 billion current LCU | +15.7% |
| 1993 | 14.12 billion current LCU | +8.1% |
| 1994 | 16.28 billion current LCU | +15.3% |
| 1995 | 19.83 billion current LCU | +21.8% |
| 1996 | 21.27 billion current LCU | +7.3% |
| 1997 | 23.77 billion current LCU | +11.7% |
| 1998 | 25.32 billion current LCU | +6.5% |
| 1999 | 27.18 billion current LCU | +7.4% |
| 2000 | 29.33 billion current LCU | +7.9% |
| 2001 | 32.26 billion current LCU | +10.0% |
| 2002 | 35.14 billion current LCU | +8.9% |
| 2003 | 38.61 billion current LCU | +9.9% |
| 2004 | 39.61 billion current LCU | +2.6% |
| 2005 | 43.00 billion current LCU | +8.5% |
| 2006 | 46.05 billion current LCU | +7.1% |
| 2007 | 49.98 billion current LCU | +8.5% |
| 2008 | 55.55 billion current LCU | +11.1% |
| 2009 | 60.57 billion current LCU | +9.0% |
| 2010 | 62.78 billion current LCU | +3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 18.25 billion current LCU | 10.41 billion current LCU | 27.18 billion current LCU | 10 |
| 2000s | 43.01 billion current LCU | 29.33 billion current LCU | 60.57 billion current LCU | 10 |
| 2010s | 62.78 billion current LCU | 62.78 billion current LCU | 62.78 billion current 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 domestic savings (current US$), annual growth rate 16.89 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.3281 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 544.15 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 12.18 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 190.96 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 316,656 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 14.88 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.965 current 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 62.78 billion current 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 62.78 billion current LCU in 2010.
- What is the lowest financial and insurance activities (banking), value added recorded in Benin?
- The lowest recorded value was 10.41 billion current LCU in 1990.
- How does Benin rank for financial and insurance activities (banking), value added?
- Benin ranks 11th out of 36 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 114.0%. 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 (current 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 current local currency.