Gross national savings — all countries

Gross national savings — Benin

Gross national savings in Benin in 2023 — 30.3%. Ranked 37 in the world out of 156. Since 1974, the indicator has risen by 19.2 pp.

2023 30.3% +1.7 pp vs 2022
World rank 37of 156
Period maximum 30.3%2023
Period minimum -3.3%1981

Trend over time

1974–2023 · % of GDP

Gross national savings — Benin, 1974–2023-10010203040197419791984198919941999200420092014201920231974: 11.1%1975: 10.1%1976: 11.2%1977: 13.6%1978: 10.5%1979: 12.6%1980: 4.2%1981: -3.3%1982: 13.2%1983: 8.2%1984: 7.5%1985: 2.6%1986: 4.1%1987: 4.4%1988: 0.8%1989: 4.5%1990: 9.7%1991: 10.8%1992: 9.6%1993: 9.7%1994: 14.5%1995: 15.9%1996: 15.2%1997: 16.2%1998: 15.8%1999: 12.5%2000: 12.7%2001: 13.3%2002: 13.6%2003: 11.4%2004: 13.3%2005: 12.2%2006: 12.5%2007: 14%2008: 12.6%2009: 11.5%2010: 11.4%2011: 12.1%2012: 13.5%2013: 16.3%2014: 18.6%2015: 14.1%2016: 18%2017: 18.3%2018: 20.3%2019: 22.2%2020: 21.6%2021: 22.8%2022: 28.6%2023: 30.3%
Change over the period: +19.2 pp Annual average: 0.39 pp

Comparison, 2023

How the value compares with the world and the groups this territory belongs to: Benin

Benin 30.3%
World 26.2%
Sub-Saharan Africa computed 18.2%
Western Africa computed 15.9%
Gross national savings — Benin, by year Benin All countries CSV XLSX
Year % Change, pp
2023 30.3 +1.7 pp
2022 28.6 +5.7 pp
2021 22.8 +1.3 pp
2020 21.6 −0.6 pp
2019 22.2 +1.9 pp
2018 20.3 +2.1 pp
2017 18.3 +0.3 pp
2016 18 +3.9 pp
2015 14.1 −4.5 pp
2014 18.6 +2.3 pp
2013 16.3 +2.7 pp
2012 13.5 +1.4 pp
2011 12.1 +0.7 pp
2010 11.4 −0.1 pp
2009 11.5 −1.2 pp
2008 12.6 −1.4 pp
2007 14 +1.6 pp
2006 12.5 +0.3 pp
2005 12.2 −1.1 pp
2004 13.3 +1.9 pp
2003 11.4 −2.2 pp
2002 13.6 +0.3 pp
2001 13.3 +0.6 pp
2000 12.7 +0.2 pp
1999 12.5 −3.3 pp
1998 15.8 −0.4 pp
1997 16.2 +0.9 pp
1996 15.2 −0.7 pp
1995 15.9 +1.4 pp
1994 14.5 +4.8 pp
1993 9.7 +0.1 pp
1992 9.6 −1.2 pp
1991 10.8 +1.1 pp
1990 9.7 +5.2 pp
1989 4.5 +3.7 pp
1988 0.8 −3.6 pp
1987 4.4 +0.2 pp
1986 4.1 +1.5 pp
1985 2.6 −4.9 pp
1984 7.5 −0.7 pp
1983 8.2 −5 pp
1982 13.2 +16.5 pp
1981 -3.3 −7.4 pp
1980 4.2 −8.5 pp
1979 12.6 +2.1 pp
1978 10.5 −3.1 pp
1977 13.6 +2.4 pp
1976 11.2 +1.1 pp
1975 10.1 −1 pp
1974 11.1

About the indicator

Gross national savings as a percent of GDP — what is left of national income after all consumption, private and public. Savings and capital formation differ by the balance of external transactions: a country that saves more than it invests at home exports capital, and one that invests more than it saves imports it. Hence the stable link with the current account balance, which is exactly what this indicator makes visible.

Important: The difference between savings and capital formation is approximately equal to the current account balance — that is an identity of the national accounts, not a coincidence.

Source: World Development Indicators (World Bank), license CC BY 4.0.