Gross savings in Benin
Benin: Gross savings was 5.96 billion current US$ in 2023. ◆ Volatile
Gross savings in Benin, 1974–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross savings in Benin is 5.96 billion current US$, measured in 2023. That is the highest value across all 50 years on record.
That represents a change of up 19.6% on the previous year and up 192.2% over ten years.
Over the whole period, gross savings in Benin peaked at 5.96 billion current US$ in 2023 and was at its lowest, -41.98 million current US$, in 1981.
That places Benin 108th out of 178 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Benin, year by year
| Year | current US$ | Change |
|---|---|---|
| 1974 | 61.58 million current US$ | — |
| 1975 | 68.70 million current US$ | +11.6% |
| 1976 | 78.33 million current US$ | +14.0% |
| 1977 | 102.12 million current US$ | +30.4% |
| 1978 | 97.57 million current US$ | -4.5% |
| 1979 | 149.96 million current US$ | +53.7% |
| 1980 | 58.63 million current US$ | -60.9% |
| 1981 | -41.98 million current US$ | -171.6% |
| 1982 | 167.62 million current US$ | -499.3% |
| 1983 | 89.74 million current US$ | -46.5% |
| 1984 | 79.01 million current US$ | -12.0% |
| 1985 | 27.55 million current US$ | -65.1% |
| 1986 | 55.28 million current US$ | +100.7% |
| 1987 | 68.09 million current US$ | +23.2% |
| 1988 | 12.48 million current US$ | -81.7% |
| 1989 | 67.82 million current US$ | +443.3% |
| 1990 | 189.89 million current US$ | +180.0% |
| 1991 | 213.67 million current US$ | +12.5% |
| 1992 | 162.33 million current US$ | -24.0% |
| 1993 | 220.30 million current US$ | +35.7% |
| 1994 | 231.82 million current US$ | +5.2% |
| 1995 | 344.91 million current US$ | +48.8% |
| 1996 | 359.93 million current US$ | +4.4% |
| 1997 | 367.19 million current US$ | +2.0% |
| 1998 | 387.87 million current US$ | +5.6% |
| 1999 | 458.08 million current US$ | +18.1% |
| 2000 | 446.47 million current US$ | -2.5% |
| 2001 | 486.83 million current US$ | +9.0% |
| 2002 | 570.99 million current US$ | +17.3% |
| 2003 | 608.02 million current US$ | +6.5% |
| 2004 | 820.64 million current US$ | +35.0% |
| 2005 | 800.66 million current US$ | -2.4% |
| 2006 | 876.79 million current US$ | +9.5% |
| 2007 | 1.15 billion current US$ | +30.9% |
| 2008 | 1.24 billion current US$ | +7.8% |
| 2009 | 1.12 billion current US$ | -9.8% |
| 2010 | 1.09 billion current US$ | -2.7% |
| 2011 | 1.30 billion current US$ | +19.4% |
| 2012 | 1.51 billion current US$ | +16.3% |
| 2013 | 2.04 billion current US$ | +35.2% |
| 2014 | 2.47 billion current US$ | +21.3% |
| 2015 | 1.61 billion current US$ | -35.0% |
| 2016 | 2.12 billion current US$ | +32.2% |
| 2017 | 2.32 billion current US$ | +9.3% |
| 2018 | 2.90 billion current US$ | +25.2% |
| 2019 | 3.20 billion current US$ | +10.2% |
| 2020 | 3.38 billion current US$ | +5.8% |
| 2021 | 4.04 billion current US$ | +19.4% |
| 2022 | 4.98 billion current US$ | +23.3% |
| 2023 | 5.96 billion current US$ | +19.5% |
Benin compared with similar countries
- Benin's 5.96 billion current US$ is above the median for lower middle income countries, which is 4.69 billion current US$, 1.3× the median. (45 countries reporting)
- Benin's 5.96 billion current US$ is above the median for Sub-Saharan Africa, which is 3.44 billion current US$, 1.7× the median. (43 countries reporting)
Biggest year-on-year movements
Years where Gross savings in Benin changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1982 | +499.3% | -41.98 million current US$ | 167.62 million current US$ |
| 1989 | +443.3% | 12.48 million current US$ | 67.82 million current US$ |
| 1981 | -171.6% | 58.63 million current US$ | -41.98 million current US$ |
| 1990 | +180.0% | 67.82 million current US$ | 189.89 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 93.04 million current US$ | 61.58 million current US$ | 149.96 million current US$ | 6 |
| 1980s | 58.42 million current US$ | -41.98 million current US$ | 167.62 million current US$ | 10 |
| 1990s | 293.60 million current US$ | 162.33 million current US$ | 458.08 million current US$ | 10 |
| 2000s | 811.06 million current US$ | 446.47 million current US$ | 1.24 billion current US$ | 10 |
| 2010s | 2.05 billion current US$ | 1.09 billion current US$ | 3.20 billion current US$ | 10 |
| 2020s | 4.59 billion current US$ | 3.38 billion current US$ | 5.96 billion current US$ | 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$) 12.54 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Benin?
- Gross savings in Benin was 5.96 billion current US$ 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 5.96 billion current US$ in 2023.
- What is the lowest gross savings recorded in Benin?
- The lowest recorded value was -41.98 million current US$ in 1981.
- How does Benin rank for gross savings?
- Benin ranks 108th out of 178 countries with data for 2023.
- Is gross savings rising or falling in Benin?
- Over the last ten years it is up 192.2%. 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 US$). 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 indicator is expressed in United States dollars.