Net financial account (BoP, current US$) in Benin
Benin: Net financial account (BoP, current US$) was -1.41 billion BoP, current US$ in 2023. ◆ Volatile
Net financial account in Benin, 1974–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net financial account in Benin is -1.41 billion BoP, current US$, measured in 2023. That is the lowest value across all 50 years on record.
That represents a change of down 74.7% on the previous year and down 198.9% over ten years.
Over the whole period, net financial account in Benin peaked at 963.62 million BoP, current US$ in 2006 and was at its lowest, -1.41 billion BoP, current US$, in 2023.
Benin ranks 141st of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net financial account (BoP, current US$) in Benin, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | -18.61 million BoP, current US$ | — |
| 1975 | -30.70 million BoP, current US$ | +65.0% |
| 1976 | -39.83 million BoP, current US$ | +29.7% |
| 1977 | -36.38 million BoP, current US$ | -8.7% |
| 1978 | -76.98 million BoP, current US$ | +111.6% |
| 1979 | -39.82 million BoP, current US$ | -48.3% |
| 1980 | -49.39 million BoP, current US$ | +24.0% |
| 1981 | -97.11 million BoP, current US$ | +96.6% |
| 1982 | -365.10 million BoP, current US$ | +276.0% |
| 1983 | -125.14 million BoP, current US$ | -65.7% |
| 1984 | -22.00 million BoP, current US$ | -82.4% |
| 1985 | -22.50 million BoP, current US$ | +2.3% |
| 1986 | -52.17 million BoP, current US$ | +131.9% |
| 1987 | -86.78 million BoP, current US$ | +66.3% |
| 1988 | -19.73 million BoP, current US$ | -77.3% |
| 1989 | 86.76 million BoP, current US$ | -539.7% |
| 1990 | 114.85 million BoP, current US$ | +32.4% |
| 1991 | 12.61 million BoP, current US$ | -89.0% |
| 1992 | 16.10 million BoP, current US$ | +27.7% |
| 1993 | 11.90 million BoP, current US$ | -26.1% |
| 1994 | 83.56 million BoP, current US$ | +602.0% |
| 1995 | -79.22 million BoP, current US$ | -194.8% |
| 1996 | 76.38 million BoP, current US$ | -196.4% |
| 1997 | -62.73 million BoP, current US$ | -182.1% |
| 1998 | -58.76 million BoP, current US$ | -6.3% |
| 1999 | -78.24 million BoP, current US$ | +33.1% |
| 2000 | -1.05 million BoP, current US$ | -98.7% |
| 2001 | -1.22 million BoP, current US$ | +16.4% |
| 2002 | -90.84 million BoP, current US$ | +7358.6% |
| 2003 | -85.04 million BoP, current US$ | -6.4% |
| 2004 | -218.17 million BoP, current US$ | +156.5% |
| 2005 | -92.36 million BoP, current US$ | -57.7% |
| 2006 | 963.62 million BoP, current US$ | -1143.3% |
| 2007 | -288.07 million BoP, current US$ | -129.9% |
| 2008 | -418.45 million BoP, current US$ | +45.3% |
| 2009 | -495.57 million BoP, current US$ | +18.4% |
| 2010 | -370.15 million BoP, current US$ | -25.3% |
| 2011 | -232.36 million BoP, current US$ | -37.2% |
| 2012 | -392.10 million BoP, current US$ | +68.7% |
| 2013 | -470.98 million BoP, current US$ | +20.1% |
| 2014 | -617.90 million BoP, current US$ | +31.2% |
| 2015 | -549.99 million BoP, current US$ | -11.0% |
| 2016 | -212.61 million BoP, current US$ | -61.3% |
| 2017 | -328.03 million BoP, current US$ | +54.3% |
| 2018 | -446.33 million BoP, current US$ | +36.1% |
| 2019 | -370.40 million BoP, current US$ | -17.0% |
| 2020 | -95.45 million BoP, current US$ | -74.2% |
| 2021 | -470.17 million BoP, current US$ | +392.6% |
| 2022 | -805.98 million BoP, current US$ | +71.4% |
| 2023 | -1.41 billion BoP, current US$ | +74.7% |
Benin compared with similar countries
- Benin's -1.41 billion BoP, current US$ is below the median for lower middle income countries, which is -222.58 million BoP, current US$, 6.3× the median. (47 countries reporting)
- Benin's -1.41 billion BoP, current US$ is below the median for Sub-Saharan Africa, which is -410.29 million BoP, current US$, 3.4× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Net financial account (BoP, current US$) 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 |
|---|---|---|---|
| 2002 | -7358.6% | -1.22 million BoP, current US$ | -90.84 million BoP, current US$ |
| 2006 | +1143.3% | -92.36 million BoP, current US$ | 963.62 million BoP, current US$ |
| 1994 | +602.0% | 11.90 million BoP, current US$ | 83.56 million BoP, current US$ |
| 1989 | +539.7% | -19.73 million BoP, current US$ | 86.76 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -40.39 million BoP, current US$ | -76.98 million BoP, current US$ | -18.61 million BoP, current US$ | 6 |
| 1980s | -75.32 million BoP, current US$ | -365.10 million BoP, current US$ | 86.76 million BoP, current US$ | 10 |
| 1990s | 3.64 million BoP, current US$ | -79.22 million BoP, current US$ | 114.85 million BoP, current US$ | 10 |
| 2000s | -72.72 million BoP, current US$ | -495.57 million BoP, current US$ | 963.62 million BoP, current US$ | 10 |
| 2010s | -399.09 million BoP, current US$ | -617.90 million BoP, current US$ | -212.61 million BoP, current US$ | 10 |
| 2020s | -694.82 million BoP, current US$ | -1.41 billion BoP, current US$ | -95.45 million BoP, current US$ | 4 |
Countries ranked near Benin
- 138 Madagascar -1.22 billion BoP, current US$ compare
- 139 Rwanda -1.25 billion BoP, current US$ compare
- 140 Hungary -1.37 billion BoP, current US$ compare
- 142 Cameroon -1.52 billion BoP, current US$ compare
- 143 Kenya -1.62 billion BoP, current US$ compare
- 144 Jordan -1.64 billion BoP, current US$ compare
More economy & growth data for Benin
- Real gdp growth, annual growth rate 17.31 % change on previous year (2024)
- 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)
Frequently asked questions
- What is net financial account in Benin?
- Net financial account in Benin was -1.41 billion BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net financial account recorded in Benin?
- The highest recorded value was 963.62 million BoP, current US$ in 2006.
- What is the lowest net financial account recorded in Benin?
- The lowest recorded value was -1.41 billion BoP, current US$ in 2023.
- How does Benin rank for net financial account?
- Benin ranks 141st out of 199 countries with data for 2023.
- Is net financial account rising or falling in Benin?
- Over the last ten years it is down 198.9%. The long-run trend across the full record is volatile.
- Where does this Benin data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net financial account (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The net financial account shows net acquisition and disposal of financial assets and liabilities. It measures how net lending to or borrowing from nonresidents is financed, and is conceptually equal to the sum of the balances on the current and capital accounts. 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.