Gross savings in Benin
Benin: Gross savings was 30.6% in 2023. ▲ Rising
Gross savings in Benin, 1974–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
In 2023, gross savings in Benin stood at 30.6%. That is the highest value across all 50 years on record.
The figure is up 6.1% on the previous year and up 86.6% over ten years.
Over the whole period, gross savings in Benin peaked at 30.6% in 2023 and was at its lowest, -3.3%, in 1981.
Benin ranks 36th of 177 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 50 years of available data.
Gross savings in Benin, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1974 | 11.1% | — |
| 1975 | 10.2% | -8.0% |
| 1976 | 11.2% | +10.3% |
| 1977 | 13.6% | +21.4% |
| 1978 | 10.5% | -22.9% |
| 1979 | 12.6% | +20.3% |
| 1980 | 4.2% | -66.9% |
| 1981 | -3.3% | -178.0% |
| 1982 | 13.3% | -507.5% |
| 1983 | 8.3% | -37.6% |
| 1984 | 7.7% | -6.7% |
| 1985 | 2.7% | -65.2% |
| 1986 | 4.2% | +56.9% |
| 1987 | 4.4% | +5.2% |
| 1988 | 0.8% | -82.4% |
| 1989 | 4.6% | +492.0% |
| 1990 | 9.9% | +113.4% |
| 1991 | 10.9% | +10.5% |
| 1992 | 9.9% | -9.1% |
| 1993 | 9.9% | -0.7% |
| 1994 | 14.8% | +50.5% |
| 1995 | 16.2% | +9.4% |
| 1996 | 15.5% | -4.2% |
| 1997 | 16.4% | +5.5% |
| 1998 | 15.9% | -3.2% |
| 1999 | 12.5% | -21.3% |
| 2000 | 12.7% | +1.8% |
| 2001 | 13.3% | +4.7% |
| 2002 | 13.7% | +2.8% |
| 2003 | 11.4% | -16.5% |
| 2004 | 13.3% | +16.5% |
| 2005 | 12.2% | -8.3% |
| 2006 | 12.5% | +2.4% |
| 2007 | 14.1% | +12.9% |
| 2008 | 12.7% | -10.4% |
| 2009 | 11.5% | -9.2% |
| 2010 | 11.5% | -0.4% |
| 2011 | 12.1% | +6.0% |
| 2012 | 13.6% | +12.1% |
| 2013 | 16.4% | +20.3% |
| 2014 | 18.7% | +14.1% |
| 2015 | 14.2% | -24.1% |
| 2016 | 18.0% | +27.0% |
| 2017 | 18.3% | +1.6% |
| 2018 | 20.4% | +11.6% |
| 2019 | 22.3% | +9.3% |
| 2020 | 21.7% | -2.6% |
| 2021 | 23.1% | +6.2% |
| 2022 | 28.8% | +24.7% |
| 2023 | 30.6% | +6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.5% | 10.2% | 13.6% | 6 |
| 1980s | 4.7% | -3.3% | 13.3% | 10 |
| 1990s | 13.2% | 9.9% | 16.4% | 10 |
| 2000s | 12.8% | 11.4% | 14.1% | 10 |
| 2010s | 16.6% | 11.5% | 22.3% | 10 |
| 2020s | 26.0% | 21.7% | 30.6% | 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)
- Industry (including construction), value added (constant 2015 US$) 9.82 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1466 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 243.18 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 9.82 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 86.7 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 143,771 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 17.12 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5006 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Benin?
- Gross savings in Benin was 30.6% 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 30.6% in 2023.
- What is the lowest gross savings recorded in Benin?
- The lowest recorded value was -3.3% in 1981.
- How does Benin rank for gross savings?
- Benin ranks 36th out of 177 countries with data for 2023.
- Is gross savings rising or falling in Benin?
- Over the last ten years it is up 86.6%. The long-run trend across the full record is rising.
- Where does this Benin data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GNI). Statizoid updates them automatically from the source API.
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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 as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.