Volume of remittances (in United States dollars) as a proportion of in Benin
Benin: Volume of remittances (in United States dollars) as a proportion of was 1.7% in 2023. ▼ Falling
Latest (2023)
1.7%
Change on year
up 19.7%
World rank
116th
of 203 countries
All-time high
2.9%
in 2007
All-time low
1.0%
in 2004
Years of data
24
2000–2023
Volume of remittances (in United States dollars) as a proportion of in Benin, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Benin recorded 1.7% for volume of remittances (in united states dollars) as a proportion of in 2023.
The figure is up 19.7% on the previous year and down 13.4% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Benin peaked at 2.9% in 2007 and was at its lowest, 1.0%, in 2004.
Benin ranks 116th of 203 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Benin, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 2.4% | — |
| 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% |
Benin compared with similar countries
- Benin's 1.7% is below the median for lower middle income countries, which is 6.1%, 28% of the median. (43 countries reporting)
- Benin's 1.7% is below the median for Sub-Saharan Africa, which is 2.9%, 59% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 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
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 volume of remittances (in united states dollars) as a proportion of in Benin?
- Volume of remittances (in united states dollars) as a proportion of in Benin was 1.7% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Benin?
- The highest recorded value was 2.9% in 2007.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Benin?
- The lowest recorded value was 1.0% in 2004.
- How does Benin rank for volume of remittances (in united states dollars) as a proportion of?
- Benin ranks 116th out of 203 countries with data for 2023.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Benin?
- Over the last ten years it is down 13.4%. The long-run trend across the full record is falling.
- Where does this Benin data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
Download this data
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