Personal remittances, received in Benin
Benin: Personal remittances, received was 1.7% in 2023. ◆ Volatile
Personal remittances, received in Benin, 1974–2023
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for personal remittances, received in Benin is 1.7%, measured in 2023.
That represents a change of up 19.7% on the previous year and down 13.4% over ten years.
Over the whole period, personal remittances, received in Benin peaked at 8.0% in 1992 and was at its lowest, 1.0%, in 2004.
That places Benin 110th out of 195 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.
Personal remittances, received in Benin, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1974 | 1.3% | — |
| 1975 | 2.6% | +95.3% |
| 1976 | 4.0% | +54.5% |
| 1977 | 5.2% | +30.1% |
| 1978 | 6.1% | +15.9% |
| 1979 | 6.1% | +1.5% |
| 1980 | 5.5% | -10.9% |
| 1981 | 4.8% | -12.4% |
| 1982 | 2.9% | -39.3% |
| 1983 | 4.0% | +37.3% |
| 1984 | 4.0% | -0.0% |
| 1985 | 3.9% | -3.7% |
| 1986 | 3.8% | -1.3% |
| 1987 | 3.9% | +1.3% |
| 1988 | 4.4% | +13.9% |
| 1989 | 6.1% | +38.5% |
| 1990 | 5.2% | -15.2% |
| 1991 | 5.9% | +15.2% |
| 1992 | 8.0% | +35.4% |
| 1993 | 4.8% | -40.5% |
| 1994 | 5.6% | +17.0% |
| 1995 | 4.6% | -18.6% |
| 1996 | 3.6% | -21.1% |
| 1997 | 3.1% | -14.1% |
| 1998 | 3.6% | +17.5% |
| 1999 | 2.0% | -43.8% |
| 2000 | 2.4% | +19.6% |
| 2001 | 2.3% | -7.1% |
| 2002 | 1.8% | -19.9% |
| 2003 | 1.0% | -42.9% |
| 2004 | 1.0% | -1.6% |
| 2005 | 2.2% | +119.4% |
| 2006 | 2.8% | +24.3% |
| 2007 | 2.9% | +6.0% |
| 2008 | 2.1% | -28.0% |
| 2009 | 1.3% | -38.9% |
| 2010 | 1.5% | +12.7% |
| 2011 | 1.6% | +10.0% |
| 2012 | 1.9% | +15.8% |
| 2013 | 2.0% | +6.6% |
| 2014 | 2.3% | +15.4% |
| 2015 | 1.9% | -17.9% |
| 2016 | 1.9% | -0.4% |
| 2017 | 1.5% | -17.8% |
| 2018 | 1.4% | -9.6% |
| 2019 | 1.5% | +8.2% |
| 2020 | 1.3% | -13.5% |
| 2021 | 1.3% | +0.1% |
| 2022 | 1.4% | +10.1% |
| 2023 | 1.7% | +19.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.2% | 1.3% | 6.1% | 6 |
| 1980s | 4.3% | 2.9% | 6.1% | 10 |
| 1990s | 4.6% | 2.0% | 8.0% | 10 |
| 2000s | 2.0% | 1.0% | 2.9% | 10 |
| 2010s | 1.7% | 1.4% | 2.3% | 10 |
| 2020s | 1.4% | 1.3% | 1.7% | 4 |
Countries ranked near Benin
- 107 Azerbaijan 2.0% compare
- 108 Bolivia, Plurinational State of 2.0% compare
- 109 Mauritius 1.9% compare
- 111 Malawi 1.7% compare
- 112 Peru 1.6% compare
- 113 Lao People's Democratic Republic 1.5% compare
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)
- Manufacturing, value added (constant LCU), per capita 81,602 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 15.15 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.175 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 290.27 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 10.51 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 101.86 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 168,916 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 9.82 % change on previous year (2025)
Frequently asked questions
- What is personal remittances, received in Benin?
- Personal remittances, received in Benin was 1.7% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Benin?
- The highest recorded value was 8.0% in 1992.
- What is the lowest personal remittances, received recorded in Benin?
- The lowest recorded value was 1.0% in 2004.
- How does Benin rank for personal remittances, received?
- Benin ranks 110th out of 195 countries with data for 2023.
- Is personal remittances, received rising or falling in Benin?
- Over the last ten years it is down 13.4%. The long-run trend across the full record is volatile.
- Where does this Benin data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). Statizoid updates them automatically from the source API.
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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.