Trade in services in Benin
Benin: Trade in services was 10.2% in 2023. ▼ Falling
Trade in services in Benin, 1974–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, trade in services in Benin stood at 10.2%.
That represents a change of up 18.8% on the previous year and down 0.2% over ten years.
Over the whole period, trade in services in Benin peaked at 21.5% in 1995 and was at its lowest, 7.2%, in 2005.
That places Benin 160th out of 199 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 50 years of available data.
Trade in services in Benin, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1974 | 11.3% | — |
| 1975 | 12.7% | +12.5% |
| 1976 | 13.1% | +3.4% |
| 1977 | 13.8% | +5.3% |
| 1978 | 13.4% | -3.4% |
| 1979 | 11.7% | -12.8% |
| 1980 | 12.2% | +4.3% |
| 1981 | 16.2% | +33.4% |
| 1982 | 14.3% | -11.7% |
| 1983 | 13.0% | -9.1% |
| 1984 | 14.5% | +11.2% |
| 1985 | 14.2% | -1.6% |
| 1986 | 14.3% | +0.3% |
| 1987 | 14.7% | +3.2% |
| 1988 | 14.9% | +0.9% |
| 1989 | 14.6% | -1.7% |
| 1990 | 13.1% | -10.3% |
| 1991 | 16.9% | +28.9% |
| 1992 | 20.2% | +19.5% |
| 1993 | 14.1% | -29.9% |
| 1994 | 20.2% | +43.2% |
| 1995 | 21.5% | +6.2% |
| 1996 | 13.2% | -38.5% |
| 1997 | 12.7% | -3.8% |
| 1998 | 13.6% | +7.0% |
| 1999 | 10.7% | -21.1% |
| 2000 | 9.4% | -12.7% |
| 2001 | 9.3% | -1.2% |
| 2002 | 8.7% | -6.4% |
| 2003 | 8.0% | -7.8% |
| 2004 | 8.2% | +2.3% |
| 2005 | 7.2% | -11.5% |
| 2006 | 8.2% | +12.7% |
| 2007 | 9.8% | +20.6% |
| 2008 | 8.8% | -10.5% |
| 2009 | 7.4% | -16.0% |
| 2010 | 9.4% | +26.6% |
| 2011 | 8.6% | -8.4% |
| 2012 | 9.1% | +6.7% |
| 2013 | 10.2% | +11.4% |
| 2014 | 10.3% | +0.9% |
| 2015 | 8.1% | -21.3% |
| 2016 | 9.5% | +17.5% |
| 2017 | 8.1% | -14.9% |
| 2018 | 8.9% | +10.3% |
| 2019 | 9.3% | +3.9% |
| 2020 | 8.3% | -10.6% |
| 2021 | 8.2% | -1.6% |
| 2022 | 8.6% | +5.0% |
| 2023 | 10.2% | +18.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.7% | 11.3% | 13.8% | 6 |
| 1980s | 14.3% | 12.2% | 16.2% | 10 |
| 1990s | 15.6% | 10.7% | 21.5% | 10 |
| 2000s | 8.5% | 7.2% | 9.8% | 10 |
| 2010s | 9.1% | 8.1% | 10.3% | 10 |
| 2020s | 8.8% | 8.2% | 10.2% | 4 |
Countries ranked near Benin
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 trade in services in Benin?
- Trade in services in Benin was 10.2% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Benin?
- The highest recorded value was 21.5% in 1995.
- What is the lowest trade in services recorded in Benin?
- The lowest recorded value was 7.2% in 2005.
- How does Benin rank for trade in services?
- Benin ranks 160th out of 199 countries with data for 2023.
- Is trade in services rising or falling in Benin?
- Over the last ten years it is down 0.2%. The long-run trend across the full record is falling.
- 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 Trade in services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.