Formal & Mobile Money Savings Statistics in Benin (2026)
According to World Bank Global Findex data, 23.4% of adults in Benin saved at a formal financial institution or using a mobile money account in 2024. Up from 12.7% in 2021 to 23.4% in 2024 (+10.7 percentage points). Benin ranks #26 of 36 economies in Sub-Saharan Africa on this measure, and #93 of 142 globally.
Key Statistics
- Latest value (2024)
- 23.4% (2024)
- Formal & Mobile Money Savings in Benin as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- +10.7 pp (2024)
- Up from 12.7% in 2021 to 23.4% in 2024 (+10.7 percentage points).
- Earliest value in this dataset (2011)
- 7% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 7% in 2011 to 23.4% in 2024.
- Record high (2024)
- 23.4% (2024)
- The 2024 value is the highest in the available World Bank Global Findex series for Benin.
- Rank in Sub-Saharan Africa
- #26 of 36 (2024)
- Benin ranks 26 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #93 of 142 (2024)
- Benin ranks 93 of 142 countries with data globally.
- Sub-Saharan Africa average
- 30.8% (2024)
- Benin (23.4%) is below the average of 30.8% across the 36 countries in Sub-Saharan Africa with data.
- Saved at a bank or similar financial institution (% age 15+) (2024)
- 7.5% (2024)
- Related indicator from World Bank Global Findex.
- 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, 2011–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 23.4% | +10.7 pp |
| 2021 | 12.7% | +2.9 pp |
| 2017 | 9.8% | +2.7 pp |
| 2014 | 7.1% | +0.1 pp |
| 2011 | 7% | — |
Frequently asked questions
What share of adults in Benin saved at a formal financial institution or using a mobile money account?
23.4% of adults in Benin saved at a formal financial institution or using a mobile money account in 2024, according to World Bank Global Findex data.
How does Benin compare with other countries in Sub-Saharan Africa?
Benin ranks 26 of 36 countries in Sub-Saharan Africa with data, with 23.4% versus a regional average of 30.8% (latest values per country).
Where does Benin rank globally on formal & mobile money savings?
Benin ranks 93 of 142 countries with data globally, based on the latest World Bank Global Findex value for each country.
Source & methodology
Source: World Bank Global Findex, indicator
fin17a.17a1.d, 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 .