Financial account balance (assets less liabilities), Net (net) in Benin
Benin: Financial account balance (assets less liabilities), Net (net) was -1.45 billion in 2023. ◆ Volatile
Financial account balance (assets less liabilities), Net (net) in Benin, 2005–2023
Source: International Monetary Fund.
Analysis
The most recent figure for financial account balance (assets less liabilities), net (net) in Benin is -1.45 billion, measured in 2023. That is the lowest value across all 19 years on record.
The figure is down 84.2% on the previous year and down 209.2% over ten years.
Over the whole period, financial account balance (assets less liabilities), net (net) in Benin peaked at 966.60 million in 2006 and was at its lowest, -1.45 billion, in 2023.
That places Benin 147th out of 197 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.
Financial account balance (assets less liabilities), Net (net) in Benin, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -95.46 million | — |
| 2006 | 966.60 million | -1112.6% |
| 2007 | -286.58 million | -129.6% |
| 2008 | -428.30 million | +49.5% |
| 2009 | -494.15 million | +15.4% |
| 2010 | -375.43 million | -24.0% |
| 2011 | -237.29 million | -36.8% |
| 2012 | -384.39 million | +62.0% |
| 2013 | -468.14 million | +21.8% |
| 2014 | -627.00 million | +33.9% |
| 2015 | -546.22 million | -12.9% |
| 2016 | -215.16 million | -60.6% |
| 2017 | -315.57 million | +46.7% |
| 2018 | -457.58 million | +45.0% |
| 2019 | -357.96 million | -21.8% |
| 2020 | -79.47 million | -77.8% |
| 2021 | -496.55 million | +524.8% |
| 2022 | -785.77 million | +58.2% |
| 2023 | -1.45 billion | +84.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -67.58 million | -494.15 million | 966.60 million | 5 |
| 2010s | -398.47 million | -627.00 million | -215.16 million | 10 |
| 2020s | -702.30 million | -1.45 billion | -79.47 million | 4 |
Countries ranked near Benin
- 144 Montenegro -1.20 billion compare
- 145 Rwanda -1.25 billion compare
- 146 Honduras -1.43 billion compare
- 148 El Salvador -1.52 billion compare
- 149 South Africa -1.53 billion compare
- 150 Mali -1.54 billion compare
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 financial account balance (assets less liabilities), net (net) in Benin?
- Financial account balance (assets less liabilities), net (net) in Benin was -1.45 billion in 2023, according to International Monetary Fund.
- What is the highest financial account balance (assets less liabilities), net (net) recorded in Benin?
- The highest recorded value was 966.60 million in 2006.
- What is the lowest financial account balance (assets less liabilities), net (net) recorded in Benin?
- The lowest recorded value was -1.45 billion in 2023.
- How does Benin rank for financial account balance (assets less liabilities), net (net)?
- Benin ranks 147th out of 197 countries with data for 2023.
- Is financial account balance (assets less liabilities), net (net) rising or falling in Benin?
- Over the last ten years it is down 209.2%. The long-run trend across the full record is volatile.
- Where does this Benin data come from?
- The figures come from International Monetary Fund, published as part of Financial account balance (assets less liabilities), Net (net acquisition of financial assets less net incurrence of liabilities), Adjusted using IMF accounting records (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.