Benin: Trade openness

* indicates monthly or quarterly data series
 Benin

Trade openness: exports plus imports as percent of GDP

 Latest value 50.93
 Year 2022
 Measure percent
 Data availability 1960 - 2022
 Average 46.16
 Min - Max 13.48 - 65.27
 Source The World Bank
For that indicator, we provide data for Benin from 1960 to 2022. The average value for Benin during that period was 46.16 percent with a minimum of 13.48 percent in 1962 and a maximum of 65.27 percent in 2014. The latest value from 2022 is 50.93 percent. For comparison, the world average in 2022 based on 148 countries is 100.81 percent. 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 - Trade openness - recent values

Historical chart
Benin - Trade openness - historical chart - 1960-2022




Definition: Exports plus imports as percent of GDP.


 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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