Gross Domestic Product — Value Standard Local Currency in Benin
Benin: Gross Domestic Product — Value Standard Local Currency was 13.03 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Benin, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency in Benin stood at 13.03 million million SLC. That is the highest value across all 55 years on record.
That represents a change of up 9.1% on the previous year and up 98.6% over ten years.
Over the whole period, gross domestic product — value standard local currency in Benin peaked at 13.03 million million SLC in 2024 and was at its lowest, 89,017 million SLC, in 1970.
Benin ranks 53rd of 218 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Benin, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 89,017 million SLC | — |
| 1971 | 94,113 million SLC | +5.7% |
| 1972 | 106,084 million SLC | +12.7% |
| 1973 | 114,924 million SLC | +8.3% |
| 1974 | 133,327 million SLC | +16.0% |
| 1975 | 144,438 million SLC | +8.3% |
| 1976 | 171,510 million SLC | +18.7% |
| 1977 | 193,077 million SLC | +12.6% |
| 1978 | 215,242 million SLC | +11.5% |
| 1979 | 247,126 million SLC | +14.8% |
| 1980 | 313,634 million SLC | +26.9% |
| 1981 | 381,586 million SLC | +21.7% |
| 1982 | 450,073 million SLC | +17.9% |
| 1983 | 450,938 million SLC | +0.2% |
| 1984 | 496,202 million SLC | +10.0% |
| 1985 | 507,478 million SLC | +2.3% |
| 1986 | 499,654 million SLC | -1.5% |
| 1987 | 507,236 million SLC | +1.5% |
| 1988 | 521,150 million SLC | +2.7% |
| 1989 | 517,656 million SLC | -0.7% |
| 1990 | 542,610 million SLC | +4.8% |
| 1991 | 569,818 million SLC | +5.0% |
| 1992 | 604,420 million SLC | +6.1% |
| 1993 | 654,908 million SLC | +8.4% |
| 1994 | 902,190 million SLC | +37.8% |
| 1995 | 1.17 million million SLC | +29.7% |
| 1996 | 1.41 million million SLC | +20.6% |
| 1997 | 1.67 million million SLC | +18.5% |
| 1998 | 1.98 million million SLC | +18.3% |
| 1999 | 2.26 million million SLC | +14.4% |
| 2000 | 2.50 million million SLC | +10.5% |
| 2001 | 2.69 million million SLC | +7.4% |
| 2002 | 2.91 million million SLC | +8.4% |
| 2003 | 3.10 million million SLC | +6.6% |
| 2004 | 3.26 million million SLC | +5.2% |
| 2005 | 3.46 million million SLC | +6.1% |
| 2006 | 3.67 million million SLC | +6.1% |
| 2007 | 3.91 million million SLC | +6.4% |
| 2008 | 4.37 million million SLC | +11.6% |
| 2009 | 4.58 million million SLC | +4.9% |
| 2010 | 4.72 million million SLC | +3.0% |
| 2011 | 5.04 million million SLC | +6.8% |
| 2012 | 5.69 million million SLC | +12.9% |
| 2013 | 6.18 million million SLC | +8.7% |
| 2014 | 6.56 million million SLC | +6.1% |
| 2015 | 6.73 million million SLC | +2.6% |
| 2016 | 7.01 million million SLC | +4.0% |
| 2017 | 7.38 million million SLC | +5.3% |
| 2018 | 7.92 million million SLC | +7.4% |
| 2019 | 8.43 million million SLC | +6.4% |
| 2020 | 9.01 million million SLC | +6.8% |
| 2021 | 9.81 million million SLC | +8.9% |
| 2022 | 10.85 million million SLC | +10.7% |
| 2023 | 11.93 million million SLC | +10.0% |
| 2024 | 13.03 million million SLC | +9.1% |
Benin compared with similar countries
- Benin's 13.03 million million SLC is above the median for lower middle income countries, which is 1.54 million million SLC, 8.5× the median. (43 countries reporting)
- Benin's 13.03 million million SLC is above the median for Sub-Saharan Africa, which is 8.81 million million SLC, 1.5× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 150,886 million SLC | 89,017 million SLC | 247,126 million SLC | 10 |
| 1980s | 464,561 million SLC | 313,634 million SLC | 521,150 million SLC | 10 |
| 1990s | 1.18 million million SLC | 542,610 million SLC | 2.26 million million SLC | 10 |
| 2000s | 3.45 million million SLC | 2.50 million million SLC | 4.58 million million SLC | 10 |
| 2010s | 6.57 million million SLC | 4.72 million million SLC | 8.43 million million SLC | 10 |
| 2020s | 10.93 million million SLC | 9.01 million million SLC | 13.03 million million SLC | 5 |
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)
- 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 gross domestic product — value standard local currency in Benin?
- Gross domestic product — value standard local currency in Benin was 13.03 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Benin?
- The highest recorded value was 13.03 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Benin?
- The lowest recorded value was 89,017 million SLC in 1970.
- How does Benin rank for gross domestic product — value standard local currency?
- Benin ranks 53rd out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Benin?
- Over the last ten years it is up 98.6%. The long-run trend across the full record is volatile.
- Where does this Benin data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).