Benin's net trade in goods and services (current US$, BoP) was −US$1.68 billion in 2023, the latest year in the World Bank's World Development Indicators. That is down 95.43% from −US$858.67 million in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$1.68 billion | 2023 |
| Five years earlier | −US$821.05 million | 2018 |
| Ten years earlier | −US$858.67 million | 2013 |
| Highest | −US$73.9 million | 1974 |
| Lowest | −US$1.68 billion | 2023 |
| Average since 2014 | −US$855.78 million | 2014–2023 |
| First recorded | −US$73.9 million |
What the numbers say
In 2023, Benin's net trade in goods and services (current US$, BoP) fell US$653.65 million on 2022 (from −US$1.02 billion to −US$1.68 billion).
Across the 30 yearly changes before that (1993 to 2022), the average change was −US$25.96 million and a typical year strayed about US$167.56 million from that (the standard deviation). This year's change was 3.7 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$361.93 million in 2015 and the biggest yearly fall was US$653.65 million in 2023. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 there is no clear straight-line trend: a straight line explains 14% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, Benin had the 10th highest value of the 12 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Benin in the 2023 ranking
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 50 values
| Year | Net trade in goods and services (current US$, BoP) |
|---|---|
| 2023 | -1,678,118,172 |
| 2022 | -1,024,472,574 |
| 2021 | -771,728,221 |
| 2020 | -435,724,020 |
| 2019 | -721,667,297 |
| 2018 | -821,046,409 |
| 2017 | -703,516,906 |
| 2016 | -526,019,055 |
| 2015 | -756,800,485 |
| 2014 | -1,118,728,506 |
Net trade in goods and services (current US$, BoP) in nearby economies
- Angola — US$6.76 billion (2025)
- Botswana — −US$843.02 million (2025)
- Burkina Faso — −US$547.37 million (2024)
- Burundi — −US$946.66 million (2025)
- Cabo Verde — −US$352.91 million (2025)
- Cameroon — −US$1.58 billion (2024)
- Comoros — −US$355.58 million (2023)
- Congo, Dem. Rep. — −US$1.56 billion (2025)
- Congo, Rep. — US$3.26 billion (2021)
- Côte d'Ivoire
More economic policy & debt data for Benin
- General government final consumption expenditure (current US$) — 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 trade in goods and services (current US$, BoP)?
- −US$1.68 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1974?
- It is down 2,171% from −US$73.9 million in 1974. The highest value was −US$73.9 million in 1974 and the lowest −US$1.68 billion in 2023.
- How does Benin rank?
- 10th highest of 12 economies with data for 2023.
- Is the latest change in net trade in goods and services (current US$, BoP) unusual for Benin?
- In 2023, Benin's net trade in goods and services (current US$, BoP) fell US$653.65 million on 2022 (from −US$1.02 billion to −US$1.68 billion). Across the 30 yearly changes before that (1993 to 2022), the average change was −US$25.96 million and a typical year strayed about US$167.56 million from that (the standard deviation). This year's change was 3.7 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator BN.GSR.GNFS.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, 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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