Benin: Foreign exchange reserves
* indicates monthly or quarterly data series
The most recent value is 256.8 billion CFA Franc as of November 2022, a decline compared to the previous value of 267.9 billion CFA Franc. Historically, the average for Benin from August 2009 to November 2022 is 88.94 billion CFA Franc. The minimum of 33.53 billion CFA Franc was recorded in November 2017, while the maximum of 458.5 billion CFA Franc was reached in August 2022.
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* indicates monthly or quarterly data series
- Measure: billion CFA Franc
- Source: Central Bank of West African States
| Recent values | Benin: Foreign exchange reserves, billion currency units |
|---|---|
| 2022 Nov | 256.8 |
| 2022 Oct | 267.9 |
| 2022 Sep | 274.6 |
| 2022 Aug | 458.5 |
| 2022 Jul | 453.4 |
| 2022 Jun | 354.9 |
| 2022 May | 348.3 |
| 2022 Apr | 356 |
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Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 115.82 | 2021 | percent |
| Trade openness | 51.35 | 2023 | percent |
| Financial openness | -1.242 | 2021 | index points |
| Exports, percent of GDP | 21.19 | 2023 | percent |
| Exports, billion dollars | 4.17 | 2023 | billion U.S. dollars |
| Growth of exports | 6.22 | 2023 | percent |
| Imports, percent of GDP | 30.16 | 2023 | percent |
| Imports, billion dollars | 5.93 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 1.53 | 2022 | percent |
| Foreign Direct Investment, billion dollars | 0.27 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.70 | 2021 | million dollars (current) |
| Current account, percent of GDP | -5.10 | 2019 | percent |
| Current account, in dollars | -0.73 | 2021 | billion U.S. dollars |
| Trade balance, percent of GDP | -7.63 | 2022 | percent |
| Trade balance, in dollars | -1.02 | 2022 | billion U.S. dollars |
| Remittances, percent of GDP | 1.19 | 2023 | percent |
| Remittances | 233.25 | 2023 | million U.S. dollars |
| Net errors and omissions | 5.14 | 2021 | million USD |
| External debt | 42.36 | 2022 | percent |
| Short-term external debt | 5.11 | 2022 | percent |
| Foreign exchange reserves | 256.80 | 11/2022 | billion |