Benin: Gross savings (current LCU)

Key figures

What the numbers say

In 2023, Benin's gross savings (current LCU) rose 509.86 billion on 2022 (from 3.1 trillion to 3.61 trillion).

Across the 30 yearly changes before that (1993 to 2022), the average change was +101.54 billion and a typical year strayed about 186.57 billion from that (the standard deviation). This year's change was 2.2 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 862.44 billion in 2022 and the biggest yearly fall was 271.14 billion in 2015. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 the straight-line trend is upward, about 264.15 billion a year. A straight line explains 86% 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 3.66 trillion for 2026. We show this only because the same method, fitted on earlier years, predicted 2021 to 2023 better than "no change" would have: its average miss was 816.93 billion, against 1.04 trillion 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.

Closest to Benin in the 2023 ranking

• Senegal — 1st of 7: 4.27 trillion
• Comoros — 3rd of 7: 80.36 billion
• Libya — 4th of 7: 54.81 billion
• Aruba — 5th of 7: 931 million

What this measures

Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

All 50 values

Gross savings (current LCU) in nearby economies

• Angola — 16.51 trillion (2024)
• Botswana — 76.02 billion (2025)
• Burkina Faso — 2.23 trillion (2024)
• Burundi — 7.73 trillion (2025)
• Cabo Verde — 63.24 billion (2025)
• Cameroon — 5.02 trillion (2024)
• Comoros — 80.36 billion (2023)
• Congo, Dem. Rep. — 69.91 trillion (2025)
• Congo, Rep. — 2.6 trillion (2021)
• Côte d'Ivoire — 9.06 trillion (2024)
• Eswatini — 16.19 billion (2024)

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
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Benin's gross savings (current LCU)?

3.61 trillion in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1974?

It is up 24,277% from 14.82 billion in 1974 (11.87% a year on average, compounded). The highest value was 3.61 trillion in 2023 and the lowest -11.41 billion in 1981.

Is the latest change in gross savings (current LCU) unusual for Benin?

Source

World Bank, World Development Indicators, indicator NY.GNS.ICTR.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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