Gross savings in Benin
Benin: Gross savings was 3.61 trillion current LCU in 2023. ◆ Volatile
Gross savings in Benin, 1974–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Benin recorded 3.61 trillion current LCU for gross savings in 2023. That is the highest value across all 50 years on record.
That represents a change of up 16.4% on the previous year and up 258.9% over ten years.
Over the whole period, gross savings in Benin peaked at 3.61 trillion current LCU in 2023 and was at its lowest, -11.41 billion current LCU, in 1981.
Benin ranks 41st of 178 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 savings in Benin, year by year
| Year | current LCU | Change |
|---|---|---|
| 1974 | 14.82 billion current LCU | — |
| 1975 | 14.72 billion current LCU | -0.7% |
| 1976 | 18.72 billion current LCU | +27.1% |
| 1977 | 25.09 billion current LCU | +34.0% |
| 1978 | 22.02 billion current LCU | -12.2% |
| 1979 | 31.90 billion current LCU | +44.9% |
| 1980 | 12.39 billion current LCU | -61.2% |
| 1981 | -11.41 billion current LCU | -192.1% |
| 1982 | 55.08 billion current LCU | -582.8% |
| 1983 | 34.20 billion current LCU | -37.9% |
| 1984 | 34.52 billion current LCU | +1.0% |
| 1985 | 12.38 billion current LCU | -64.2% |
| 1986 | 19.14 billion current LCU | +54.7% |
| 1987 | 20.46 billion current LCU | +6.9% |
| 1988 | 3.72 billion current LCU | -81.8% |
| 1989 | 21.63 billion current LCU | +481.9% |
| 1990 | 51.70 billion current LCU | +139.0% |
| 1991 | 60.28 billion current LCU | +16.6% |
| 1992 | 56.92 billion current LCU | -5.6% |
| 1993 | 62.38 billion current LCU | +9.6% |
| 1994 | 128.71 billion current LCU | +106.3% |
| 1995 | 172.16 billion current LCU | +33.8% |
| 1996 | 184.12 billion current LCU | +6.9% |
| 1997 | 214.32 billion current LCU | +16.4% |
| 1998 | 228.82 billion current LCU | +6.8% |
| 1999 | 281.93 billion current LCU | +23.2% |
| 2000 | 317.09 billion current LCU | +12.5% |
| 2001 | 356.56 billion current LCU | +12.4% |
| 2002 | 396.10 billion current LCU | +11.1% |
| 2003 | 352.59 billion current LCU | -11.0% |
| 2004 | 432.75 billion current LCU | +22.7% |
| 2005 | 422.15 billion current LCU | -2.4% |
| 2006 | 458.06 billion current LCU | +8.5% |
| 2007 | 549.16 billion current LCU | +19.9% |
| 2008 | 551.85 billion current LCU | +0.5% |
| 2009 | 524.61 billion current LCU | -4.9% |
| 2010 | 537.25 billion current LCU | +2.4% |
| 2011 | 611.05 billion current LCU | +13.7% |
| 2012 | 769.81 billion current LCU | +26.0% |
| 2013 | 1.01 trillion current LCU | +30.8% |
| 2014 | 1.22 trillion current LCU | +21.2% |
| 2015 | 949.18 billion current LCU | -22.2% |
| 2016 | 1.26 trillion current LCU | +32.5% |
| 2017 | 1.35 trillion current LCU | +7.0% |
| 2018 | 1.61 trillion current LCU | +19.7% |
| 2019 | 1.87 trillion current LCU | +16.3% |
| 2020 | 1.94 trillion current LCU | +3.7% |
| 2021 | 2.24 trillion current LCU | +15.3% |
| 2022 | 3.10 trillion current LCU | +38.5% |
| 2023 | 3.61 trillion current LCU | +16.4% |
Benin compared with similar countries
- Benin's 3.61 trillion current LCU is above the median for lower middle income countries, which is 205.45 billion current LCU, 17.6× the median. (45 countries reporting)
- Benin's 3.61 trillion current LCU is above the median for Sub-Saharan Africa, which is 841.37 billion current LCU, 4.3× the median. (43 countries reporting)
Biggest year-on-year movements
Years where Gross savings 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 |
|---|---|---|---|
| 1982 | +582.8% | -11.41 billion current LCU | 55.08 billion current LCU |
| 1989 | +481.9% | 3.72 billion current LCU | 21.63 billion current LCU |
| 1981 | -192.1% | 12.39 billion current LCU | -11.41 billion current LCU |
| 1990 | +139.0% | 21.63 billion current LCU | 51.70 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.21 billion current LCU | 14.72 billion current LCU | 31.90 billion current LCU | 6 |
| 1980s | 20.21 billion current LCU | -11.41 billion current LCU | 55.08 billion current LCU | 10 |
| 1990s | 144.13 billion current LCU | 51.70 billion current LCU | 281.93 billion current LCU | 10 |
| 2000s | 436.09 billion current LCU | 317.09 billion current LCU | 551.85 billion current LCU | 10 |
| 2010s | 1.12 trillion current LCU | 537.25 billion current LCU | 1.87 trillion current LCU | 10 |
| 2020s | 2.73 trillion current LCU | 1.94 trillion current LCU | 3.61 trillion current LCU | 4 |
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 savings in Benin?
- Gross savings in Benin was 3.61 trillion current LCU in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Benin?
- The highest recorded value was 3.61 trillion current LCU in 2023.
- What is the lowest gross savings recorded in Benin?
- The lowest recorded value was -11.41 billion current LCU in 1981.
- How does Benin rank for gross savings?
- Benin ranks 41st out of 178 countries with data for 2023.
- Is gross savings rising or falling in Benin?
- Over the last ten years it is up 258.9%. The long-run trend across the full record is volatile.
- Where does this Benin data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.