Deposit interest rate in Benin
Benin: Deposit interest rate was 5.3% in 2021. ▼ Falling
Deposit interest rate in Benin, 2005–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, deposit interest rate in Benin stood at 5.3%.
That represents a change of up 4.0% on the previous year and down 37.7% over ten years.
Over the whole period, deposit interest rate in Benin peaked at 8.6% in 2009 and was at its lowest, 5.1%, in 2020.
That places Benin 55th out of 152 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.0% | 7.6% | 8.6% | 5 |
| 2010s | 7.0% | 5.3% | 8.5% | 10 |
| 2020s | 5.2% | 5.1% | 5.3% | 2 |
Countries ranked near Benin
More financial sector data for Benin
- Domestic credit to private sector 19.8% (2025)
- Net domestic credit 3.35 trillion current LCU (2025)
- Net foreign assets 2.25 trillion current LCU (2025)
- Domestic credit to private sector by banks 19.7% (2025)
- Monetary Sector credit to private sector 19.8% (2025)
- Claims on central government, etc. 2.0% (2025)
- Broad money 29.6% (2025)
- Official exchange rate 581.93 LCU per US$, period average (2025)
- Net migration -7,847 (2025)
- Broad money 4.23 trillion current LCU (2025)
Frequently asked questions
- What is deposit interest rate in Benin?
- Deposit interest rate in Benin was 5.3% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Benin?
- The highest recorded value was 8.6% in 2009.
- What is the lowest deposit interest rate recorded in Benin?
- The lowest recorded value was 5.1% in 2020.
- How does Benin rank for deposit interest rate?
- Benin ranks 55th out of 152 countries with data for 2021.
- Is deposit interest rate rising or falling in Benin?
- Over the last ten years it is down 37.7%. The long-run trend across the full record is falling.
- Where does this Benin data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.