Primary income payments (BoP, current US$) in Benin
Benin: Primary income payments (BoP, current US$) was 533.30 million BoP, current US$ in 2023. ◆ Volatile
Latest (2023)
533.30 million BoP, current US$
Change on year
up 21.6%
World rank
134th
of 200 countries
All-time high
533.30 million BoP, current US$
in 2023
All-time low
1.79 million BoP, current US$
in 1974
Years of data
50
1974–2023
Primary income payments in Benin, 1974–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for primary income payments in Benin is 533.30 million BoP, current US$, measured in 2023. That is the highest value across all 50 years on record.
That represents a change of up 21.6% on the previous year and up 138.8% over ten years.
Over the whole period, primary income payments in Benin peaked at 533.30 million BoP, current US$ in 2023 and was at its lowest, 1.79 million BoP, current US$, in 1974.
That places Benin 134th out of 200 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Primary income payments (BoP, current US$) in Benin, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | 1.79 million BoP, current US$ | — |
| 1975 | 4.76 million BoP, current US$ | +166.7% |
| 1976 | 3.16 million BoP, current US$ | -33.8% |
| 1977 | 3.61 million BoP, current US$ | +14.5% |
| 1978 | 3.67 million BoP, current US$ | +1.6% |
| 1979 | 4.78 million BoP, current US$ | +30.1% |
| 1980 | 6.95 million BoP, current US$ | +45.3% |
| 1981 | 10.02 million BoP, current US$ | +44.2% |
| 1982 | 29.62 million BoP, current US$ | +195.7% |
| 1983 | 51.84 million BoP, current US$ | +75.0% |
| 1984 | 55.44 million BoP, current US$ | +6.9% |
| 1985 | 34.72 million BoP, current US$ | -37.4% |
| 1986 | 28.88 million BoP, current US$ | -16.8% |
| 1987 | 31.96 million BoP, current US$ | +10.7% |
| 1988 | 37.03 million BoP, current US$ | +15.9% |
| 1989 | 36.10 million BoP, current US$ | -2.5% |
| 1990 | 37.72 million BoP, current US$ | +4.5% |
| 1991 | 39.47 million BoP, current US$ | +4.6% |
| 1992 | 27.11 million BoP, current US$ | -31.3% |
| 1993 | 32.80 million BoP, current US$ | +21.0% |
| 1994 | 21.68 million BoP, current US$ | -33.9% |
| 1995 | 31.06 million BoP, current US$ | +43.3% |
| 1996 | 57.50 million BoP, current US$ | +85.1% |
| 1997 | 45.39 million BoP, current US$ | -21.1% |
| 1998 | 44.47 million BoP, current US$ | -2.0% |
| 1999 | 39.08 million BoP, current US$ | -12.1% |
| 2000 | 35.82 million BoP, current US$ | -8.3% |
| 2001 | 35.84 million BoP, current US$ | +0.0% |
| 2002 | 46.84 million BoP, current US$ | +30.7% |
| 2003 | 60.99 million BoP, current US$ | +30.2% |
| 2004 | 59.97 million BoP, current US$ | -1.7% |
| 2005 | 43.18 million BoP, current US$ | -28.0% |
| 2006 | 54.09 million BoP, current US$ | +25.3% |
| 2007 | 86.19 million BoP, current US$ | +59.3% |
| 2008 | 56.44 million BoP, current US$ | -34.5% |
| 2009 | 76.39 million BoP, current US$ | +35.4% |
| 2010 | 102.98 million BoP, current US$ | +34.8% |
| 2011 | 119.19 million BoP, current US$ | +15.7% |
| 2012 | 158.94 million BoP, current US$ | +33.3% |
| 2013 | 223.34 million BoP, current US$ | +40.5% |
| 2014 | 218.05 million BoP, current US$ | -2.4% |
| 2015 | 162.34 million BoP, current US$ | -25.6% |
| 2016 | 148.41 million BoP, current US$ | -8.6% |
| 2017 | 150.63 million BoP, current US$ | +1.5% |
| 2018 | 161.88 million BoP, current US$ | +7.5% |
| 2019 | 194.80 million BoP, current US$ | +20.3% |
| 2020 | 333.65 million BoP, current US$ | +71.3% |
| 2021 | 492.38 million BoP, current US$ | +47.6% |
| 2022 | 438.53 million BoP, current US$ | -10.9% |
| 2023 | 533.30 million BoP, current US$ | +21.6% |
Benin compared with similar countries
- Benin's 533.30 million BoP, current US$ is below the median for lower middle income countries, which is 1.37 billion BoP, current US$, 39% of the median. (47 countries reporting)
- Benin's 533.30 million BoP, current US$ is above the median for Sub-Saharan Africa, which is 533.30 million BoP, current US$, 1.0× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.63 million BoP, current US$ | 1.79 million BoP, current US$ | 4.78 million BoP, current US$ | 6 |
| 1980s | 32.26 million BoP, current US$ | 6.95 million BoP, current US$ | 55.44 million BoP, current US$ | 10 |
| 1990s | 37.63 million BoP, current US$ | 21.68 million BoP, current US$ | 57.50 million BoP, current US$ | 10 |
| 2000s | 55.58 million BoP, current US$ | 35.82 million BoP, current US$ | 86.19 million BoP, current US$ | 10 |
| 2010s | 164.06 million BoP, current US$ | 102.98 million BoP, current US$ | 223.34 million BoP, current US$ | 10 |
| 2020s | 449.47 million BoP, current US$ | 333.65 million BoP, current US$ | 533.30 million BoP, current US$ | 4 |
Countries ranked near Benin
- 131 Eswatini 567.93 million BoP, current US$ compare
- 132 South Sudan 558.91 million BoP, current US$ compare
- 133 Botswana 549.97 million BoP, current US$ compare
- 135 Montenegro 530.27 million BoP, current US$ compare
- 136 Madagascar 520.76 million BoP, current US$ compare
- 137 Brunei 513.40 million 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 primary income payments in Benin?
- Primary income payments in Benin was 533.30 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest primary income payments recorded in Benin?
- The highest recorded value was 533.30 million BoP, current US$ in 2023.
- What is the lowest primary income payments recorded in Benin?
- The lowest recorded value was 1.79 million BoP, current US$ in 1974.
- How does Benin rank for primary income payments?
- Benin ranks 134th out of 200 countries with data for 2023.
- Is primary income payments rising or falling in Benin?
- Over the last ten years it is up 138.8%. 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 Primary income payments (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Primary income payments refer to employee compensation paid to nonresident workers and investment income (payments on direct investment, portfolio investment, other investments).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.