Benin: Financial markets development, depth

The latest value from 2021 is 0.026 index points, an increase from 0.015 index points in 2020. In comparison, the world average is 0.255 index points, based on data from 157 countries. Historically, the average for Benin from 1980 to 2021 is 0.02 index points. The minimum value, 0.008 index points, was reached in 2001 while the maximum of 0.047 index points was recorded in 1983. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Measures the depth (size) of financial markets using the principal component methodology with the following variables: Stock market capitalization to GDP; Stocks traded to GDP; International debt securities of government to GDP; Total debt securities of financial corporations to GDP; and Total debt securities of nonfinancial corporations to GDP. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.