Benin: Commercial banks and other lending (PPG + PNG) (NFL, current US$)

Key figures

Over five years it is up 150.97% from US$183.95 million in 2019 (20.21% a year on average, compounded). Since 1971 it is up 38,381% from −US$1.21 million in 1971. The World Bank has no value for 34 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2024, Benin's commercial banks and other lending (PPG + PNG) (NFL, current US$) fell US$637.79 million on 2023 (from US$1.1 billion to US$461.66 million).

Across the 14 yearly changes before that (1974 to 2023), the average change was +US$33.45 million and a typical year strayed about US$334.53 million from that (the standard deviation). This year's change was 2.0 standard deviations below that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was US$840.41 million in 2023 and the biggest yearly fall was US$641.1 million in 2019. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2017 to 2024 there is no clear straight-line trend: a straight line explains 3% of the movement over 8 observed years, so the value is moving around more than it is heading anywhere.

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

How it compares

In 2024, Benin had the 16th highest value of the 87 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 2024 ranking

• Philippines — 13th of 87: US$985.28 million
• Pakistan — 14th of 87: US$834.85 million
• Tanzania — 15th of 87: US$777.7 million
• Cameroon — 17th of 87: US$452.97 million
• Albania — 18th of 87: US$423.93 million
• Guatemala — 19th of 87: US$348.32 million

What this measures

Commercial bank and other lending includes net commercial bank lending (public and publicly guaranteed and private non- guaranteed) and other private credits. Data are in current U.S. dollars. Proposed: Commercial bank and other lending includes net commercial bank and other private creditors lending excluding bonds (public and publicly guaranteed + private nonguaranteed).

Limitations: Data on external debt are gathered through the World Bank's Debtor Reporting System (DRS). Long term debt data are compiled using the countries report on public and publicly guaranteed borrowing on a loan-by-loan basis and private non guaranteed borrowing on an aggregate basis. These data are supplemented by information from major multilateral banks and official lending agencies in major creditor countries. Short-term debt data are gathered from the Quarterly External Debt Statistics (QEDS) database, jointly developed by the World Bank and the IMF and from creditors through the reporting systems of the Bank for International Settlements.

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

All 20 values

Commercial banks and other lending (PPG + PNG) (NFL, current US$) in nearby economies

• Angola — −US$924.98 million (2024)
• Burkina Faso — US$131.21 million (2024)
• Cabo Verde — −US$22.14 million (2024)
• Cameroon — US$452.97 million (2024)
• Congo, Dem. Rep. — −US$9.02 million (2024)
• Congo, Rep. — −US$404.91 million (2024)
• Côte d'Ivoire — US$233.35 million (2024)
• Eswatini — −US$37.85 million (2024)
• Ethiopia

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 commercial banks and other lending (PPG + PNG) (NFL, current US$)?

US$461.66 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1971?

It is up 38,381% from −US$1.21 million in 1971. The highest value was US$1.1 billion in 2023 and the lowest −US$17.98 million in 1985.

How does Benin rank?

16th highest of 87 economies with data for 2024.

Is the latest change in commercial banks and other lending (PPG + PNG) (NFL, current US$) unusual for Benin?

In 2024, Benin's commercial banks and other lending (PPG + PNG) (NFL, current US$) fell US$637.79 million on 2023 (from US$1.1 billion to US$461.66 million). Across the 14 yearly changes before that (1974 to 2023), the average change was +US$33.45 million and a typical year strayed about US$334.53 million from that (the standard deviation). This year's change was 2.0 standard deviations below that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator DT.NFL.PCBO.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB), uri: https://www.worldbank.org/en/programs/debt-statistics 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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.