Deposit Interest Rates Statistics in Benin (2026)
As of 2021, the average deposit interest rate in Benin was 5.3%, per World Bank World Development Indicators data. Up from 5.1% in 2020 to 5.3% in 2021 (+0.2 percentage points). Benin ranks #16 of 27 economies in Sub-Saharan Africa on this measure, and #44 of 113 globally.
Key Statistics
- Latest value (2021)
- 5.3% (2021)
- Deposit Interest Rates in Benin as of 2021, the most recent observation in World Bank World Development Indicators data.
- Change since 2020
- +0.2 pp (2021)
- Up from 5.1% in 2020 to 5.3% in 2021 (+0.2 percentage points).
- Earliest value in this dataset (2005)
- 7.6% (2005)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 7.6% in 2005 to 5.3% in 2021.
- Peak value (2009)
- 8.6% (2009)
- Highest value in the available series; the 2021 value is 5.3%.
- Rank in Sub-Saharan Africa
- #16 of 27 (2021)
- Benin ranks 16 of 27 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #44 of 113 (2021)
- Benin ranks 44 of 113 countries with data globally.
- Sub-Saharan Africa average
- 6.3% (2021)
- Benin (5.3%) is below the average of 6.3% across the 27 countries in Sub-Saharan Africa with data.
- Interest rate spread (lending rate minus deposit rate, %) (2021)
- 1% (2021)
- Related indicator from World Bank World Development Indicators.
- 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, 2005–2021
| Year | % | Change |
|---|---|---|
| 2021 | 5.3% | +0.2 pp |
| 2020 | 5.1% | −0.2 pp |
| 2019 | 5.3% | −0.1 pp |
| 2018 | 5.4% | +0.1 pp |
| 2017 | 5.3% | −1.7 pp |
| 2016 | 6.9% | −0.1 pp |
| 2015 | 7% | −0.3 pp |
| 2014 | 7.3% | −0.4 pp |
| 2013 | 7.7% | −0.3 pp |
| 2012 | 8% | −0.5 pp |
| 2011 | 8.5% | +0.1 pp |
| 2010 | 8.4% | −0.2 pp |
| 2009 | 8.6% | +0.5 pp |
| 2008 | 8.1% | +0.3 pp |
| 2007 | 7.8% | −0.0 pp |
| 2006 | 7.8% | +0.2 pp |
| 2005 | 7.6% | — |
Frequently asked questions
What is the latest figure for average deposit interest rate in Benin?
The average deposit interest rate in Benin stood at 5.3% in 2021, according to World Bank World Development Indicators data.
How has deposit interest rates in Benin changed over time?
World Bank World Development Indicators data show a decline from 7.6% in 2005 to 5.3% in 2021.
How does Benin compare with other countries in Sub-Saharan Africa?
Benin ranks 16 of 27 countries in Sub-Saharan Africa with data, with 5.3% versus a regional average of 6.3% (latest values per country).
Where does Benin rank globally on deposit interest rates?
Benin ranks 44 of 113 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FR.INR.DPST, 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 .