Formal Borrowing Statistics in Benin (2026)
According to World Bank Global Findex data, 8.7% of adults in Benin borrowed from a formal financial institution in 2024. Up from 8.2% in 2021 to 8.7% in 2024 (+0.5 percentage points). Benin ranks #15 of 36 economies in Sub-Saharan Africa on this measure, and #109 of 142 globally.
Key Statistics
- Latest value (2024)
- 8.7% (2024)
- Formal Borrowing in Benin as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- +0.5 pp (2024)
- Up from 8.2% in 2021 to 8.7% in 2024 (+0.5 percentage points).
- Earliest value in this dataset (2014)
- 7.7% (2014)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 7.7% in 2014 to 8.7% in 2024.
- Peak value (2017)
- 11.4% (2017)
- Highest value in the available series; the 2024 value is 8.7%.
- Rank in Sub-Saharan Africa
- #15 of 36 (2024)
- Benin ranks 15 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #109 of 142 (2024)
- Benin ranks 109 of 142 countries with data globally.
- Sub-Saharan Africa average
- 7.8% (2024)
- Benin (8.7%) is above the average of 7.8% across the 36 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, 2014–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 8.7% | +0.5 pp |
| 2021 | 8.2% | −3.2 pp |
| 2017 | 11.4% | +3.6 pp |
| 2014 | 7.7% | — |
Frequently asked questions
What share of adults in Benin borrowed from a formal financial institution?
8.7% of adults in Benin borrowed from a formal financial institution in 2024, according to World Bank Global Findex data.
Where does the formal borrowing data for Benin come from?
The data comes from the World Bank Global Findex (indicator fin22a). The latest observation for Benin is from 2024; the snapshot was retrieved on 2026-06-10.
How has formal borrowing in Benin changed over time?
World Bank Global Findex data show a rise from 7.7% in 2014 to 8.7% in 2024.
Source & methodology
Source: World Bank Global Findex, indicator
fin22a, 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 .