Benin: Claims on private sector (annual growth as % of broad money)

Key figures

Over five years it is up 13.35 percentage points from -3.63% in 2020. Since 1963 it is down 0.03 percentage points from 9.74% in 1963.

What the numbers say

In 2025, Benin's claims on private sector (annual growth as % of broad money) rose 2.76 percentage points on 2024 (from 6.96% to 9.72%).

Across the 30 yearly changes before that (1995 to 2024), the average change was +0.09 percentage points and a typical year strayed about 10.5 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above 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 61.52 percentage points in 1975 and the biggest yearly fall was 87.75 percentage points in 1976. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about 0.83 percentage points a year. A straight line explains 32% 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.

How it compares

In 2025, Benin had the 15th highest value of the 94 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 2025 ranking

• North Macedonia — 12th of 94: 10.97%
• Suriname — 13th of 94: 10.1%
• Ecuador — 14th of 94: 9.85%
• Sierra Leone — 16th of 94: 9.56%
• Serbia — 17th of 94: 9.56%
• Colombia — 18th of 94: 9.02%

What this measures

Claims on private sector include gross credit from the financial system to individuals, enterprises, nonfinancial public entities not included under net domestic credit, and financial institutions not included elsewhere. Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator represents the annual percentage growth in the ratio of claims to broad money.

All 63 values

Claims on private sector (annual growth as % of broad money) in nearby economies

• Angola — 5.49% (2025)
• Botswana — 2.39% (2025)
• Burkina Faso — -2.62% (2025)
• Burundi — 20.15% (2025)
• Cabo Verde — 4.11% (2025)
• Cameroon — 0.32% (2019)
• Central African Republic — 6.12% (2022)
• Chad — 11.95% (2021)
• Comoros — 0.62% (2024)
• Congo, Dem. Rep. — 26.85% (2023)
• Congo, Rep. — 0.91% (2023)
• Côte d'Ivoire — 6.42% (2025)
• Equatorial Guinea — -25.95% (2023)
• Eswatini — 7.24% (2023)
• Gabon — 4.33% (2019)

More financial sector data for Benin

• Domestic credit to private sector by banks (% of GDP) — 19.76% (2025)
• Monetary sector credit to private sector (% of GDP) — 19.78% (2025)
• Domestic credit to private sector (% of GDP) — 19.78% (2025)
• GDP deflator (base year varies by country) — 116.78 (2025)
• DEC alternative conversion factor (LCU per US$) — US$581.93 (2025)
• Official exchange rate (LCU per US$, period average) — US$581.93 (2025)
• Inflation, GDP deflator (annual % growth) — 1.55% (2025)
• Net domestic credit (current LCU) — 3.35 trillion (2025)
• Net foreign assets (current LCU) — 2.24 trillion (2025)
• Broad money (current LCU) — 4.23 trillion (2025)
• Broad money (% of GDP) — 29.58% (2025)
• Claims on central government, etc. (% of GDP) — 1.94% (2025)
• Claims on central government (annual growth as % of broad money) — 2.96% (2025)
• Broad money (annual % growth) — 15.43% (2025)
• Inflation, GDP deflator, linked series (annual % growth) — 1.55% (2025)

Every indicator for Benin is on the Benin data page.

Reading data like this

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Questions people ask

What is Benin's claims on private sector (annual growth as % of broad money)?

9.72% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1963?

It is down 0.03 percentage points from 9.74% in 1963. The highest value was 86.67% in 1975 and the lowest -35.16% in 1989.

How does Benin rank?

15th highest of 94 economies with data for 2025.

Is the latest change in claims on private sector (annual growth as % of broad money) unusual for Benin?

In 2025, Benin's claims on private sector (annual growth as % of broad money) rose 2.76 percentage points on 2024 (from 6.96% to 9.72%). Across the 30 yearly changes before that (1995 to 2024), the average change was +0.09 percentage points and a typical year strayed about 10.5 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF).

Source

World Bank, World Development Indicators, indicator FM.AST.PRVT.ZG.M3, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) 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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