Gross savings in Benin
Benin: Gross savings was 3.61 trillion current LCU in 2023. ◆ Volatile
Gross savings in Benin, 1974–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Benin recorded 3.61 trillion current LCU for gross savings in 2023. That is the highest value across all 50 years on record.
That represents a change of up 16.4% on the previous year and up 258.9% over ten years.
Over the whole period, gross savings in Benin peaked at 3.61 trillion current LCU in 2023 and was at its lowest, -11.41 billion current LCU, in 1981.
Benin ranks 41st of 177 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.21 billion current LCU | 14.72 billion current LCU | 31.90 billion current LCU | 6 |
| 1980s | 20.21 billion current LCU | -11.41 billion current LCU | 55.08 billion current LCU | 10 |
| 1990s | 144.13 billion current LCU | 51.70 billion current LCU | 281.93 billion current LCU | 10 |
| 2000s | 436.09 billion current LCU | 317.09 billion current LCU | 551.85 billion current LCU | 10 |
| 2010s | 1.12 trillion current LCU | 537.25 billion current LCU | 1.87 trillion current LCU | 10 |
| 2020s | 2.73 trillion current LCU | 1.94 trillion current LCU | 3.61 trillion current LCU | 4 |
Countries ranked near Benin
More economy & growth data for Benin
- DEC alternative conversion factor 581.93 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 178.36 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 306.50 million current US$ (2025)
- Taxes less subsidies on products 1.36 trillion current LCU (2025)
- Taxes less subsidies on products 2.34 billion current US$ (2025)
- Net primary income (Net income from abroad) -162.98 billion current LCU (2025)
- Net primary income (Net income from abroad) -280.07 million current US$ (2025)
- GNI per capita 953,995 current LCU (2025)
- GNI per capita, Atlas method 1,600 current US$ (2025)
- GNI 14.13 trillion current LCU (2025)
Frequently asked questions
- What is gross savings in Benin?
- Gross savings in Benin was 3.61 trillion current LCU in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Benin?
- The highest recorded value was 3.61 trillion current LCU in 2023.
- What is the lowest gross savings recorded in Benin?
- The lowest recorded value was -11.41 billion current LCU in 1981.
- How does Benin rank for gross savings?
- Benin ranks 41st out of 177 countries with data for 2023.
- Is gross savings rising or falling in Benin?
- Over the last ten years it is up 258.9%. The long-run trend across the full record is volatile.
- Where does this Benin data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current LCU). 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
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.