Benin: Adjusted savings, gross savings (% of GNI)

Key figures

What the numbers say

In 2020, Benin's adjusted savings, gross savings (% of GNI) fell 0.4 percentage points on 2019 (from 21.94% to 21.54%).

Across the 30 yearly changes before that (1990 to 2019), the average change was +0.58 percentage points and a typical year strayed about 2.17 percentage points from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 16.54 percentage points in 1982 and the biggest yearly fall was 8.45 percentage points in 1980. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2011 to 2020 the straight-line trend is upward, about 0.97 percentage points a year. A straight line explains 78% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about 24.6% for 2023. We show this only because the same method, fitted on earlier years, predicted 2018 to 2020 better than "no change" would have: its average miss was 2.58%, against 3.52% for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2020, Benin had the 9th highest value of the 20 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Benin in the 2020 ranking

• Saudi Arabia — 5th of 20: 24.09%
• Togo — 6th of 20: 22.31%
• Côte d'Ivoire — 7th of 20: 21.81%
• Lesotho — 9th of 20: 19.7%
• Congo, Rep. — 10th of 20: 19.15%
• Solomon Islands — 11th of 20: 18.21%

What this measures

Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.

Limitations: Because gross savings is calculated as a residual it includes errors, which may not be offsetting, in its components.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 47 values

Adjusted savings, gross savings (% of GNI) in nearby economies

• Angola — 43.66% (2021)
• Botswana — 23.11% (2021)
• Burkina Faso — 17.8% (2019)
• Burundi — 5.53% (2018)
• Cabo Verde — 33.01% (2021)
• Cameroon — 14.41% (2021)
• Comoros — 13.92% (2021)
• Congo, Dem. Rep. — 25.53% (2021)
• Congo, Rep. — 19.15% (2020)
• Côte d'Ivoire — 21.81% (2020)

More economic policy & debt data for Benin

• General government final consumption expenditure (current US$) — US$2.18 billion (2025)
• General government final consumption expenditure (current LCU) — 1.27 trillion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$2.01 billion (2025)
• General government final consumption expenditure (constant LCU) — 1.19 trillion (2025)
• General government final consumption expenditure (% of GDP) — 8.87% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$14.33 billion (2025)
• Households and NPISHs final consumption expenditure (current LCU) — 8.34 trillion (2025)
• Households and NPISHs final consumption expenditure (constant 2015 US$)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Benin's adjusted savings, gross savings (% of GNI)?

21.54% in 2020, according to the World Bank (World Development Indicators).

How has it changed since 1974?

It is up 10.48 percentage points from 11.06% in 1974. The highest value was 21.94% in 2019 and the lowest -3.26% in 1981.

Source

World Bank, World Development Indicators, indicator NY.ADJ.ICTR.GN.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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