Benin: Gross savings (% of GDP)

Key figures

What the numbers say

In 2023, Benin's gross savings (% of GDP) rose 1.68 percentage points on 2022 (from 28.59% to 30.27%).

Across the 30 yearly changes before that (1993 to 2022), the average change was +0.63 percentage points and a typical year strayed about 2.16 percentage points from that (the standard deviation). This year's change was 0.5 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 16.47 percentage points in 1982 and the biggest yearly fall was 8.47 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 2014 to 2023 the straight-line trend is upward, about 1.47 percentage points a year. A straight line explains 82% 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 31.58% 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 3.22%, against 5.66% 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

See how every economy compares in the full ranking.

Closest to Benin in the 2023 ranking

• Libya — 2nd of 7: 25.86%
• Senegal — 3rd of 7: 22.94%
• Aruba — 4th of 7: 13.88%

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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

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

All 50 values

Gross savings (% of GDP) in nearby economies

• Angola — 15.88% (2024)
• Botswana — 28.25% (2025)
• Burkina Faso — 15.89% (2024)
• Burundi — 43.06% (2025)
• Cabo Verde — 21.14% (2025)
• Cameroon — 15.54% (2024)
• Comoros — 12.05% (2023)
• Congo, Dem. Rep. — 28.69% (2025)
• Congo, Rep. — 31.66% (2021)
• Côte d'Ivoire — 17.15% (2024)
• Eswatini — 18.19% (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
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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 (% of GDP)?

30.27% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1974?

It is up 19.17 percentage points from 11.1% in 1974. The highest value was 30.27% in 2023 and the lowest -3.25% in 1981.

Is the latest change in gross savings (% of GDP) unusual for Benin?

In 2023, Benin's gross savings (% of GDP) rose 1.68 percentage points on 2022 (from 28.59% to 30.27%). Across the 30 yearly changes before that (1993 to 2022), the average change was +0.63 percentage points and a typical year strayed about 2.16 percentage points from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.GNS.ICTR.ZS, 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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