Gross Fixed Capital Formation — Value Standard Local Currency in Benin
Benin: Gross Fixed Capital Formation — Value Standard Local Currency was 5.30 million million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Benin, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Benin recorded 5.30 million million SLC for gross fixed capital formation — value standard local currency in 2024. That is the highest value across all 55 years on record.
The figure is up 10.9% on the previous year and up 273.6% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Benin peaked at 5.30 million million SLC in 2024 and was at its lowest, 13,737 million SLC, in 1970.
That places Benin 51st out of 230 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency in Benin, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 13,737 million SLC | — |
| 1971 | 13,812 million SLC | +0.5% |
| 1972 | 19,953 million SLC | +44.5% |
| 1973 | 18,926 million SLC | -5.1% |
| 1974 | 27,124 million SLC | +43.3% |
| 1975 | 30,651 million SLC | +13.0% |
| 1976 | 29,480 million SLC | -3.8% |
| 1977 | 30,721 million SLC | +4.2% |
| 1978 | 31,145 million SLC | +1.4% |
| 1979 | 52,028 million SLC | +67.0% |
| 1980 | 64,645 million SLC | +24.3% |
| 1981 | 70,135 million SLC | +8.5% |
| 1982 | 114,515 million SLC | +63.3% |
| 1983 | 70,527 million SLC | -38.4% |
| 1984 | 58,272 million SLC | -17.4% |
| 1985 | 63,985 million SLC | +9.8% |
| 1986 | 69,662 million SLC | +8.9% |
| 1987 | 67,988 million SLC | -2.4% |
| 1988 | 72,281 million SLC | +6.3% |
| 1989 | 60,662 million SLC | -16.1% |
| 1990 | 68,486 million SLC | +12.9% |
| 1991 | 73,825 million SLC | +7.8% |
| 1992 | 81,094 million SLC | +9.8% |
| 1993 | 90,918 million SLC | +12.1% |
| 1994 | 229,073 million SLC | +152.0% |
| 1995 | 302,358 million SLC | +32.0% |
| 1996 | 316,042 million SLC | +4.5% |
| 1997 | 369,740 million SLC | +17.0% |
| 1998 | 409,749 million SLC | +10.8% |
| 1999 | 454,013 million SLC | +10.8% |
| 2000 | 468,133 million SLC | +3.1% |
| 2001 | 511,868 million SLC | +9.3% |
| 2002 | 492,103 million SLC | -3.9% |
| 2003 | 544,196 million SLC | +10.6% |
| 2004 | 525,126 million SLC | -3.5% |
| 2005 | 520,847 million SLC | -0.8% |
| 2006 | 520,403 million SLC | -0.1% |
| 2007 | 666,938 million SLC | +28.2% |
| 2008 | 691,682 million SLC | +3.7% |
| 2009 | 758,702 million SLC | +9.7% |
| 2010 | 832,727 million SLC | +9.8% |
| 2011 | 918,454 million SLC | +10.3% |
| 2012 | 921,726 million SLC | +0.4% |
| 2013 | 1.28 million million SLC | +38.9% |
| 2014 | 1.42 million million SLC | +10.9% |
| 2015 | 1.38 million million SLC | -2.8% |
| 2016 | 1.38 million million SLC | +0.1% |
| 2017 | 1.73 million million SLC | +25.1% |
| 2018 | 2.05 million million SLC | +18.7% |
| 2019 | 2.12 million million SLC | +3.5% |
| 2020 | 2.27 million million SLC | +7.0% |
| 2021 | 2.79 million million SLC | +22.9% |
| 2022 | 3.92 million million SLC | +40.5% |
| 2023 | 4.78 million million SLC | +21.9% |
| 2024 | 5.30 million million SLC | +10.9% |
Benin compared with similar countries
- Benin's 5.30 million million SLC is above the median for lower middle income countries, which is 367,772 million SLC, 14.4× the median. (44 countries reporting)
- Benin's 5.30 million million SLC is above the median for Sub-Saharan Africa, which is 1.26 million million SLC, 4.2× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value Standard Local Currency in Benin changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +152.0% | 90,918 million SLC | 229,073 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 26,758 million SLC | 13,737 million SLC | 52,028 million SLC | 10 |
| 1980s | 71,267 million SLC | 58,272 million SLC | 114,515 million SLC | 10 |
| 1990s | 239,530 million SLC | 68,486 million SLC | 454,013 million SLC | 10 |
| 2000s | 570,000 million SLC | 468,133 million SLC | 758,702 million SLC | 10 |
| 2010s | 1.40 million million SLC | 832,727 million SLC | 2.12 million million SLC | 10 |
| 2020s | 3.81 million million SLC | 2.27 million million SLC | 5.30 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0229 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Benin?
- Gross fixed capital formation — value standard local currency in Benin was 5.30 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Benin?
- The highest recorded value was 5.30 million million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Benin?
- The lowest recorded value was 13,737 million SLC in 1970.
- How does Benin rank for gross fixed capital formation — value standard local currency?
- Benin ranks 51st out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Benin?
- Over the last ten years it is up 273.6%. 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 Fixed Capital Formation — 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).