Benin: Financial development

* indicates monthly or quarterly data series

Financial development

 Latest value 0.110
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.113
 Min - Max 0.070 - 0.162
 Source International Monetary Fund
For that indicator, we provide data for Benin from 1980 to 2021. The average value for Benin during that period was 0.113 index points with a minimum of 0.07 index points in 1993 and a maximum of 0.162 index points in 1983. The latest value from 2021 is 0.11 index points. For comparison, the world average in 2021 based on 178 countries is 0.331 index points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Benin - Financial development - Recent values chart

Historical chart
Benin - Financial development - historical chart - 1980-2021

Definition: An index for overall financial development based on the two subindexes for financial institutions development and financial markets development. See the indicator menu and Svirydzenka, Katsiaryna (IMF, 2016) for more detail.

 Related indicators Latest value Reference Measure
 Financial development 0.110 2021 index points
 Financial institutions development 0.207 2021 index points
 Financial institutions development, depth 0.051 2021 index points
 Financial institutions development, access 0.059 2021 index points
 Financial institutions development, efficiency 0.588 2021 index points
 Financial markets development 0.010 2021 index points
 Financial markets development, depth 0.026 2021 index points
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