Bank Deposits Statistics in Benin (2026)
According to IMF Financial Access Survey data, outstanding bank deposits in Benin came to 23.6% of GDP in 2024. Down from 35.6% of GDP in 2023 to 23.6% of GDP in 2024 (−12 percentage points). Benin ranks #24 of 40 economies in Sub-Saharan Africa on this measure, and #150 of 172 globally.
Key Statistics
- Latest value (2024)
- 23.6% of GDP (2024)
- Bank Deposits in Benin as of 2024, the most recent observation in IMF Financial Access Survey data.
- Change since 2023
- −12 pp (2024)
- Down from 35.6% of GDP in 2023 to 23.6% of GDP in 2024 (−12 percentage points).
- Earliest value in this dataset (2004)
- 15.2% of GDP (2004)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 15.2% of GDP in 2004 to 23.6% of GDP in 2024.
- Peak value (2023)
- 35.6% of GDP (2023)
- Highest value in the available series; the 2024 value is 23.6% of GDP.
- Rank in Sub-Saharan Africa
- #24 of 40 (2024)
- Benin ranks 24 of 40 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #150 of 172 (2024)
- Benin ranks 150 of 172 countries with data globally.
- Sub-Saharan Africa average
- 39.2% of GDP (2024)
- Benin (23.6% of GDP) is below the average of 39.2% of GDP across the 40 countries in Sub-Saharan Africa with data.
- Internet use in Benin (2024)
- 34% (2024)
- 34% of the population in Benin used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 14.5 million (2024)
- Benin had a population of 14.5 million in 2024 (World Bank); shown for scale only.
Trend, 2004–2024
| Year | % of GDP | Change |
|---|---|---|
| 2024 | 23.6% | −12.0 pp |
| 2023 | 35.6% | +0.1 pp |
| 2022 | 35.6% | +0.3 pp |
| 2021 | 35.3% | +3.8 pp |
| 2020 | 31.5% | +1.7 pp |
| 2019 | 29.8% | +1.4 pp |
| 2018 | 28.4% | +0.4 pp |
| 2017 | 27.9% | −1.8 pp |
| 2016 | 29.8% | −0.4 pp |
| 2015 | 30.2% | +2.5 pp |
| 2014 | 27.7% | +2.1 pp |
| 2013 | 25.6% | +1.1 pp |
| 2012 | 24.5% | −0.8 pp |
| 2011 | 25.4% | −0.0 pp |
| 2010 | 25.4% | +2.7 pp |
| 2009 | 22.7% | +1.3 pp |
| 2008 | 21.4% | +0.9 pp |
| 2007 | 20.5% | +4.0 pp |
| 2006 | 16.5% | +0.4 pp |
| 2005 | 16.1% | +0.9 pp |
| 2004 | 15.2% | — |
Frequently asked questions
What is the latest figure for outstanding bank deposits in Benin?
Outstanding bank deposits in Benin stood at 23.6% of GDP in 2024, according to IMF Financial Access Survey data.
How does Benin compare with other countries in Sub-Saharan Africa?
Benin ranks 24 of 40 countries in Sub-Saharan Africa with data, with 23.6% of GDP versus a regional average of 39.2% of GDP (latest values per country).
Where does Benin rank globally on bank deposits?
Benin ranks 150 of 172 countries with data globally, based on the latest IMF Financial Access Survey value for each country.
When did bank deposits in Benin peak?
The highest value in the available series was 35.6% of GDP in 2023; the latest (2024) value is 23.6% of GDP.
How recent is the bank deposits data for Benin?
The most recent observation is from 2024. IMF Financial Access Survey data is reported with a lag, so 2024 is the latest available year for Benin.
Source & methodology
Source: IMF Financial Access Survey, indicator
OUTD_COMBANK.POGDP, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .