Benin: Monetary freedom

(measure: points; Source: The Heritage Foundation)
* indicates monthly or quarterly data series

Benin: Monetary freedom index (0-100)

: For that indicator, The Heritage Foundation provides data for Benin from 1996 to 2020. The average value for Benin during that period was 78.09 points with a minimum of 57.9 points in 1996 and a maximum of 86.4 points in 2019. The latest value from 2020 is 84.3 points. For comparison, the world average in 2020 based on 182 countries is 74.62 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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The Monetary Freedom index for Benin from The Heritage Foundation reflects the stability of prices in Benin and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.

Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.
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