Debt service (PPG and IMF only, % of exports of goods, services and) in Benin
Benin: Debt service (PPG and IMF only, % of exports of goods, services and) was 16.4% in 2023. ◆ Volatile
Debt service (PPG and IMF only, % of exports of goods, services and) in Benin, 1978–2023
Source: International Debt Statistics, World Bank (WB).
Analysis
Benin recorded 16.4% for debt service (ppg and imf only, % of exports of goods, services and) in 2023.
That represents a change of up 60.2% on the previous year and up 430.6% over ten years.
Over the whole period, debt service (ppg and imf only, % of exports of goods, services and) in Benin peaked at 16.7% in 2021 and was at its lowest, 1.6%, in 2008.
Benin ranks 17th of 118 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service (PPG and IMF only, % of exports of goods, services and) in Benin, year by year
| Year | Value | Change |
|---|---|---|
| 1978 | 3.1% | — |
| 1979 | 3.6% | +16.1% |
| 1980 | 3.6% | +1.7% |
| 1981 | 2.2% | -40.4% |
| 1982 | 7.5% | +247.0% |
| 1983 | 13.8% | +82.9% |
| 1984 | 14.0% | +1.6% |
| 1985 | 12.4% | -11.5% |
| 1986 | 14.3% | +15.3% |
| 1987 | 7.0% | -50.7% |
| 1988 | 6.8% | -3.6% |
| 1989 | 7.2% | +6.1% |
| 1990 | 8.9% | +23.8% |
| 1991 | 5.1% | -42.7% |
| 1992 | 4.8% | -5.6% |
| 1993 | 5.2% | +8.4% |
| 1994 | 6.9% | +31.4% |
| 1995 | 7.2% | +5.6% |
| 1996 | 6.2% | -15.0% |
| 1997 | 8.4% | +37.1% |
| 1998 | 9.2% | +9.3% |
| 1999 | 10.4% | +12.4% |
| 2000 | 12.9% | +24.8% |
| 2001 | 8.3% | -36.0% |
| 2002 | 8.7% | +4.8% |
| 2003 | 6.6% | -23.8% |
| 2004 | 4.9% | -25.4% |
| 2005 | 5.9% | +19.0% |
| 2006 | 4.1% | -29.6% |
| 2007 | 2.1% | -48.2% |
| 2008 | 1.6% | -26.0% |
| 2009 | 2.9% | +84.9% |
| 2010 | 2.3% | -22.1% |
| 2011 | 2.4% | +6.8% |
| 2012 | 2.9% | +18.2% |
| 2013 | 3.1% | +7.4% |
| 2014 | 2.5% | -20.7% |
| 2015 | 2.7% | +11.7% |
| 2016 | 3.0% | +8.4% |
| 2017 | 3.0% | +1.1% |
| 2018 | 5.8% | +94.0% |
| 2019 | 5.7% | -2.4% |
| 2020 | 6.3% | +11.3% |
| 2021 | 16.7% | +162.9% |
| 2022 | 10.3% | -38.5% |
| 2023 | 16.4% | +60.2% |
Benin compared with similar countries
- Benin's 16.4% is above the median for lower middle income countries, which is 8.4%, 1.9× the median. (43 countries reporting)
- Benin's 16.4% is above the median for Sub-Saharan Africa, which is 8.0%, 2.1× the median. (42 countries reporting)
Biggest year-on-year movements
Years where Debt service (PPG and IMF only, % of exports of goods, services and) in Benin changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1982 | +247.0% | 2.2% | 7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.3% | 3.1% | 3.6% | 2 |
| 1980s | 8.9% | 2.2% | 14.3% | 10 |
| 1990s | 7.2% | 4.8% | 10.4% | 10 |
| 2000s | 5.8% | 1.6% | 12.9% | 10 |
| 2010s | 3.3% | 2.3% | 5.8% | 10 |
| 2020s | 12.4% | 6.3% | 16.7% | 4 |
Countries ranked near Benin
More external debt data for Benin
- IFC, private nonguaranteed 41.44 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 2.87 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0019 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 0 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 4.5% (2024)
- Net financial flows, IDA 448.24 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 30.99 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0209 NFL, current US$ per US$ of GDP (2024)
- Public and publicly guaranteed debt service 15.7% (2023)
- Net financial flows, IDA (NFL, current US$), per square kilometre 3,343 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is debt service (ppg and imf only, % of exports of goods, services and) in Benin?
- Debt service (ppg and imf only, % of exports of goods, services and) in Benin was 16.4% in 2023, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service (ppg and imf only, % of exports of goods, services and) recorded in Benin?
- The highest recorded value was 16.7% in 2021.
- What is the lowest debt service (ppg and imf only, % of exports of goods, services and) recorded in Benin?
- The lowest recorded value was 1.6% in 2008.
- How does Benin rank for debt service (ppg and imf only, % of exports of goods, services and)?
- Benin ranks 17th out of 118 countries with data for 2023.
- Is debt service (ppg and imf only, % of exports of goods, services and) rising or falling in Benin?
- Over the last ten years it is up 430.6%. The long-run trend across the full record is volatile.
- Where does this Benin data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service (PPG and IMF only, % of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
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About this data
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.