Benin's net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) was US$504.98 million in 2023, the latest year in the World Bank's World Development Indicators. That is up 873.87% from US$51.85 million in 2013 (25.56% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$504.98 million | 2023 |
| Five years earlier | US$437.68 million | 2018 |
| Ten years earlier | US$51.85 million | 2013 |
| Highest | US$687.78 million | 2016 |
| Lowest | −US$269.31 million | 2011 |
| Average since 2014 | US$255.15 million | 2014–2023 |
| First recorded | US$8.67 million |
What the numbers say
In 2023, Benin's net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) rose US$316.16 million on 2022 (from US$188.82 million to US$504.98 million).
Across the 25 yearly changes before that (1998 to 2022), the average change was +US$7.21 million and a typical year strayed about US$230.01 million from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was US$801.91 million in 2016 and the biggest yearly fall was US$354.2 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 2014 to 2023 there is no clear straight-line trend: a straight line explains 3% of the movement over 10 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
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Benin | US$504.98 million | 2023 |
| Lower middle income | US$27 billion | 2024 |
Closest to Benin in the 2023 ranking
- Haiti — 2nd of 2: US$1.67 million
What this measures
Private nonguaranteed external debt is an external obligation of a private debtor that is not guaranteed for repayment by a public entity. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents by residents of an economy and repayable in currency, goods, or services. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 27 values
| Year | Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) |
|---|---|
| 2023 | 504,980,000 |
| 2022 | 188,818,000 |
| 2021 | 79,035,000 |
| 2020 | 260,669,000 |
| 2019 | 83,471,000 |
| 2018 | 437,675,000 |
| 2017 | 336,402,000 |
| 2016 | 687,777,000 |
| 2015 | -114,128,000 |
| 2014 | 86,820,000 |
Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) in nearby economies
- Angola — US$315.18 million (2024)
- Burkina Faso — US$68.23 million (2024)
- Cameroon — −US$53.46 million (2024)
- Côte d'Ivoire — −US$141.21 million (2024)
- Eswatini — −US$37.85 million (2024)
- Ghana — −US$1.24 billion (2024)
- Guinea-Bissau — −US$23.6 million (2020)
- Kenya — −US$90.57 million (2024)
More economic policy & debt data for Benin
- General government final consumption expenditure (current US$) — 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
Questions people ask
- What is Benin's net flows on external debt, private nonguaranteed (PNG) (NFL, current US$)?
- US$504.98 million in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1997?
- It is up 5,726% from US$8.67 million in 1997 (16.92% a year on average, compounded). The highest value was US$687.78 million in 2016 and the lowest −US$269.31 million in 2011.
- Is the latest change in net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) unusual for Benin?
- In 2023, Benin's net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) rose US$316.16 million on 2022 (from US$188.82 million to US$504.98 million). Across the 25 yearly changes before that (1998 to 2022), the average change was +US$7.21 million and a typical year strayed about US$230.01 million from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator DT.NFL.DPNG.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.
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