Personal remittances, received (current US$) (Personal IMF balance) in Benin
Benin: Personal remittances, received (current US$) (Personal IMF balance) was 338.54 million current US$ in 2023. ◆ Volatile
Personal remittances, received in Benin, 1974–2023
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
The most recent figure for personal remittances, received in Benin is 338.54 million current US$, measured in 2023. That is the highest value across all 50 years on record.
The figure is up 35.2% on the previous year and up 36.1% over ten years.
Over the whole period, personal remittances, received in Benin peaked at 338.54 million current US$ in 2023 and was at its lowest, 7.38 million current US$, in 1974.
Benin ranks 133rd of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received (current US$) (Personal IMF balance) in Benin, year by year
| Year | current US$ | Change |
|---|---|---|
| 1974 | 7.38 million current US$ | — |
| 1975 | 17.59 million current US$ | +138.3% |
| 1976 | 28.04 million current US$ | +59.4% |
| 1977 | 39.18 million current US$ | +39.7% |
| 1978 | 56.24 million current US$ | +43.5% |
| 1979 | 72.92 million current US$ | +29.7% |
| 1980 | 77.00 million current US$ | +5.6% |
| 1981 | 62.01 million current US$ | -19.5% |
| 1982 | 36.95 million current US$ | -40.4% |
| 1983 | 43.85 million current US$ | +18.7% |
| 1984 | 42.07 million current US$ | -4.1% |
| 1985 | 40.29 million current US$ | -4.2% |
| 1986 | 50.82 million current US$ | +26.1% |
| 1987 | 60.23 million current US$ | +18.5% |
| 1988 | 71.12 million current US$ | +18.1% |
| 1989 | 91.34 million current US$ | +28.4% |
| 1990 | 101.05 million current US$ | +10.6% |
| 1991 | 117.97 million current US$ | +16.7% |
| 1992 | 136.31 million current US$ | +15.5% |
| 1993 | 108.89 million current US$ | -20.1% |
| 1994 | 89.48 million current US$ | -17.8% |
| 1995 | 98.93 million current US$ | +10.6% |
| 1996 | 84.92 million current US$ | -14.2% |
| 1997 | 70.11 million current US$ | -17.4% |
| 1998 | 89.18 million current US$ | +27.2% |
| 1999 | 75.03 million current US$ | -15.9% |
| 2000 | 85.88 million current US$ | +14.5% |
| 2001 | 83.06 million current US$ | -3.3% |
| 2002 | 76.11 million current US$ | -8.4% |
| 2003 | 55.40 million current US$ | -27.2% |
| 2004 | 63.12 million current US$ | +13.9% |
| 2005 | 146.94 million current US$ | +132.8% |
| 2006 | 195.67 million current US$ | +33.2% |
| 2007 | 240.79 million current US$ | +23.1% |
| 2008 | 207.86 million current US$ | -13.7% |
| 2009 | 126.46 million current US$ | -39.2% |
| 2010 | 139.57 million current US$ | +10.4% |
| 2011 | 172.19 million current US$ | +23.4% |
| 2012 | 207.76 million current US$ | +20.7% |
| 2013 | 248.80 million current US$ | +19.8% |
| 2014 | 304.66 million current US$ | +22.5% |
| 2015 | 214.45 million current US$ | -29.6% |
| 2016 | 221.73 million current US$ | +3.4% |
| 2017 | 195.78 million current US$ | -11.7% |
| 2018 | 198.74 million current US$ | +1.5% |
| 2019 | 216.99 million current US$ | +9.2% |
| 2020 | 204.62 million current US$ | -5.7% |
| 2021 | 230.91 million current US$ | +12.8% |
| 2022 | 250.41 million current US$ | +8.4% |
| 2023 | 338.54 million current US$ | +35.2% |
Benin compared with similar countries
- Benin's 338.54 million current US$ is below the median for lower middle income countries, which is 1.25 billion current US$, 27% of the median. (47 countries reporting)
- Benin's 338.54 million current US$ is below the median for Sub-Saharan Africa, which is 403.52 million current US$, 84% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 36.89 million current US$ | 7.38 million current US$ | 72.92 million current US$ | 6 |
| 1980s | 57.57 million current US$ | 36.95 million current US$ | 91.34 million current US$ | 10 |
| 1990s | 97.19 million current US$ | 70.11 million current US$ | 136.31 million current US$ | 10 |
| 2000s | 128.13 million current US$ | 55.40 million current US$ | 240.79 million current US$ | 10 |
| 2010s | 212.07 million current US$ | 139.57 million current US$ | 304.66 million current US$ | 10 |
| 2020s | 256.12 million current US$ | 204.62 million current US$ | 338.54 million current US$ | 4 |
Countries ranked near Benin
- 130 Zambia 403.52 million current US$ compare
- 131 Cape Verde 356.81 million current US$ compare
- 132 Saudi Arabia 350.57 million current US$ compare
- 134 Sierra Leone 320.83 million current US$ compare
- 135 Malawi 305.71 million current US$ compare
- 136 Comoros 305.57 million 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 personal remittances, received in Benin?
- Personal remittances, received in Benin was 338.54 million current US$ in 2023, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, received recorded in Benin?
- The highest recorded value was 338.54 million current US$ in 2023.
- What is the lowest personal remittances, received recorded in Benin?
- The lowest recorded value was 7.38 million current US$ in 1974.
- How does Benin rank for personal remittances, received?
- Benin ranks 133rd out of 197 countries with data for 2023.
- Is personal remittances, received rising or falling in Benin?
- Over the last ten years it is up 36.1%. The long-run trend across the full record is volatile.
- Where does this Benin data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, received (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.