Benin: Savings, percent of GDP
* indicates monthly or quarterly data series
Benin |
Savings as percent of GDP |
---|---|
Latest value | 28.96 |
Year | 2022 |
Measure | percent |
Data availability | 1974 - 2022 |
Average | 12.41 |
Min - Max | -3.25 - 28.96 |
Source | The World Bank |
The latest value from 2022 is 28.96 percent, an increase from 23.4 percent in 2021. In comparison, the world average is 23.18 percent, based on data from 140 countries. Historically, the average for Benin from 1974 to 2022 is 12.41 percent. The minimum value, -3.25 percent, was reached in 1981 while the maximum of 28.96 percent was recorded in 2022.
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* indicates monthly or quarterly data series
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The savings in Benin and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.
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What factors determine the exchange rates
International lending and sovereign debt
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Share of industry | 17.30 | 2023 | percent |
Share of manufacturing | 10.06 | 2023 | percent |
Share of services | 47.72 | 2023 | percent |
Industry value added | 3.40 | 2023 | billion U.S. dollars |
Manufacturing value added | 1.98 | 2023 | billion U.S. dollars |
Services value added | 9.39 | 2023 | billion U.S. dollars |
Savings, percent of GDP | 28.96 | 2022 | percent |
Savings, in dollars | 4.14 | 2021 | billion U.S. dollars |