Public and publicly guaranteed debt service in Benin
Benin: Public and publicly guaranteed debt service was 15.7% in 2023. ◆ Volatile
Public and publicly guaranteed debt service in Benin, 1974–2023
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
Benin recorded 15.7% for public and publicly guaranteed debt service in 2023.
The figure is up 57.6% on the previous year and up 411.8% over ten years.
Over the whole period, public and publicly guaranteed debt service in Benin peaked at 16.3% in 2021 and was at its lowest, 1.6%, in 2008.
Benin ranks 16th of 120 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Public and publicly guaranteed debt service in Benin, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1974 | 5.2% | — |
| 1975 | 4.1% | -21.3% |
| 1976 | 3.6% | -13.0% |
| 1977 | 2.4% | -34.3% |
| 1978 | 3.1% | +30.4% |
| 1979 | 3.6% | +15.9% |
| 1980 | 3.6% | +1.7% |
| 1981 | 2.2% | -40.4% |
| 1982 | 7.5% | +247.8% |
| 1983 | 13.6% | +81.6% |
| 1984 | 13.6% | -0.1% |
| 1985 | 12.1% | -11.4% |
| 1986 | 13.5% | +11.9% |
| 1987 | 6.3% | -53.2% |
| 1988 | 5.8% | -8.5% |
| 1989 | 6.6% | +13.6% |
| 1990 | 8.4% | +27.7% |
| 1991 | 5.1% | -39.4% |
| 1992 | 4.8% | -5.5% |
| 1993 | 5.2% | +8.2% |
| 1994 | 6.7% | +28.6% |
| 1995 | 6.9% | +3.3% |
| 1996 | 5.8% | -15.9% |
| 1997 | 7.6% | +31.1% |
| 1998 | 8.2% | +8.5% |
| 1999 | 8.8% | +6.7% |
| 2000 | 10.9% | +23.6% |
| 2001 | 6.4% | -41.3% |
| 2002 | 7.0% | +10.0% |
| 2003 | 5.2% | -25.9% |
| 2004 | 3.9% | -24.5% |
| 2005 | 4.9% | +23.9% |
| 2006 | 4.1% | -16.1% |
| 2007 | 2.1% | -48.3% |
| 2008 | 1.6% | -25.2% |
| 2009 | 2.9% | +84.6% |
| 2010 | 2.3% | -22.1% |
| 2011 | 2.4% | +6.7% |
| 2012 | 2.8% | +17.8% |
| 2013 | 3.1% | +7.3% |
| 2014 | 2.2% | -27.4% |
| 2015 | 2.4% | +10.2% |
| 2016 | 2.7% | +9.6% |
| 2017 | 2.5% | -5.8% |
| 2018 | 5.3% | +109.8% |
| 2019 | 5.1% | -3.4% |
| 2020 | 5.7% | +10.5% |
| 2021 | 16.3% | +188.8% |
| 2022 | 9.9% | -39.2% |
| 2023 | 15.7% | +57.6% |
Benin compared with similar countries
- Benin's 15.7% is above the median for lower middle income countries, which is 6.4%, 2.5× the median. (43 countries reporting)
- Benin's 15.7% is above the median for Sub-Saharan Africa, which is 5.7%, 2.8× the median. (43 countries reporting)
Biggest year-on-year movements
Years where Public and publicly guaranteed debt service 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 | +247.8% | 2.2% | 7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.7% | 2.4% | 5.2% | 6 |
| 1980s | 8.5% | 2.2% | 13.6% | 10 |
| 1990s | 6.7% | 4.8% | 8.8% | 10 |
| 2000s | 4.9% | 1.6% | 10.9% | 10 |
| 2010s | 3.1% | 2.2% | 5.3% | 10 |
| 2020s | 11.9% | 5.7% | 16.3% | 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)
- Net financial flows, IDA (NFL, current US$), per square kilometre 3,343 NFL, current US$ per square kilometre (2023)
- Net financial flows, IDA (NFL, current US$), annual growth rate 18.91 % change on previous year (2024)
Frequently asked questions
- What is public and publicly guaranteed debt service in Benin?
- Public and publicly guaranteed debt service in Benin was 15.7% in 2023, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in Benin?
- The highest recorded value was 16.3% in 2021.
- What is the lowest public and publicly guaranteed debt service recorded in Benin?
- The lowest recorded value was 1.6% in 2008.
- How does Benin rank for public and publicly guaranteed debt service?
- Benin ranks 16th out of 120 countries with data for 2023.
- Is public and publicly guaranteed debt service rising or falling in Benin?
- Over the last ten years it is up 411.8%. 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 Public and publicly guaranteed debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Public and publicly guaranteed debt service to exports of goods, services, and income. Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.