Benin: Foreign exchange reserves

* indicates monthly or quarterly data series
 Benin

Foreign exchange reserves, billion currency units

 Latest value 256.8
 Reference November 2022
 Measure billion CFA Franc
 Data availability August 2009 - November 2022
 Average 88.94
 Min - Max 33.53 - 458.5
 Source Central Bank of West African States
For that indicator, we provide data for Benin from August 2009 to November 2022. The average value for Benin during that period was 88.94 billion CFA Franc with a minimum of 33.53 billion CFA Franc in November 2017 and a maximum of 458.5 billion CFA Franc in August 2022. Click on the following link to see the values of Foreign exchange reserves, billion currency units around the world.
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* indicates monthly or quarterly data series


Recent values chart
Benin - Foreign exchange reserves - recent values

Historical chart
Benin - Foreign exchange reserves - historical chart - 2009-2022
Measure: billion CFA Franc
Source: Central Bank of West African States


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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 value Reference Measure
 Terms of trade 115.82 2021 percent
 Trade openness 50.93 2022 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 21.65 2022 percent
 Exports, billion dollars 3.77 2022 billion U.S. dollars
 Growth of exports 19.08 2022 percent
 Imports, percent of GDP 29.28 2022 percent
 Imports, billion dollars 5.09 2022 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 -0.77 2021 billion U.S. dollars
 Remittances, percent of GDP 1.33 2022 percent
 Remittances 231.00 2022 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 274.60 9/2022 billion
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