Primary income payments in Benin
Benin: Primary income payments 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
135th
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$, in 1974.
That places Benin 135th out of 200 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Primary income payments in Benin, year by year
| Year | BoP, current US$ | 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 below the median for Sub-Saharan Africa, which is 558.91 million BoP, current US$, 95% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.63 million BoP, current US$ | 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
- 132 Botswana 564.76 million BoP, current US$ compare
- 133 South Sudan 558.91 million BoP, current US$ compare
- 134 Bermuda 550.10 million BoP, current US$ compare
- 136 Montenegro 530.27 million BoP, current US$ compare
- 137 Brunei 513.40 million BoP, current US$ compare
- 138 Niger 505.39 million BoP, current US$ 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 60.28 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0028 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 4.17 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 543.01 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 22.59 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0253 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 37.55 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 12.54 % change on previous year (2025)
Frequently asked questions
- What is primary income payments in Benin?
- Primary income payments in Benin was 533.30 million BoP, current US$ 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 135th 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.