Official current transfers, payments in Benin
Benin: Official current transfers, payments was 3.55 million BoP, current US$ in 2010. ▲ Rising
Official current transfers, payments in Benin, 2005–2010
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. Measured in BoP, current US$.
Analysis
In 2010, official current transfers, payments in Benin stood at 3.55 million BoP, current US$. That is the highest value across all 6 years on record.
The figure is up 7.9% on the previous year and up 686.7% over ten years.
That places Benin 24th out of 34 countries with data for 2010, putting it in the middle of the range.
Official current transfers, payments in Benin, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | 451,212 BoP, current US$ | — |
| 2006 | 3.21 million BoP, current US$ | +610.4% |
| 2007 | 3.04 million BoP, current US$ | -5.2% |
| 2008 | 1.71 million BoP, current US$ | -43.8% |
| 2009 | 3.29 million BoP, current US$ | +92.5% |
| 2010 | 3.55 million BoP, current US$ | +7.9% |
Benin compared with similar countries
- Benin's 3.55 million BoP, current US$ is below the median for lower middle income countries, which is 20.54 million BoP, current US$, 17% of the median. (17 countries reporting)
- Benin's 3.55 million BoP, current US$ is below the median for Sub-Saharan Africa, which is 5.73 million BoP, current US$, 62% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.34 million BoP, current US$ | 451,212 BoP, current US$ | 3.29 million BoP, current US$ | 5 |
| 2010s | 3.55 million BoP, current US$ | 3.55 million BoP, current US$ | 3.55 million BoP, current US$ | 1 |
Countries ranked near Benin
- 21 Djibouti 5.09 million BoP, current US$ compare
- 22 Mozambique 4.89 million BoP, current US$ compare
- 23 Burkina Faso 4.34 million BoP, current US$ compare
- 25 Cape Verde 1.84 million BoP, current US$ compare
- 26 Mauritius 1.53 million BoP, current US$ compare
- 27 Gambia 1.23 million BoP, current US$ compare
More trade data for Benin
- Commodity Net Export Price Index, Individual Commodities Weighted by 106.22 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 100.62 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 99.4 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 84.16 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 98.79 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 78.62 (2025)
- Imports of low carbon technology products, Percent of GDP 0.3386 (2024)
- Imports of low carbon technology products, US dollar (World), per 5.03 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0034 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 1.93 million (2024)
Frequently asked questions
- What is official current transfers, payments in Benin?
- Official current transfers, payments in Benin was 3.55 million BoP, current US$ in 2010, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
- What is the highest official current transfers, payments recorded in Benin?
- The highest recorded value was 3.55 million BoP, current US$ in 2010.
- What is the lowest official current transfers, payments recorded in Benin?
- The lowest recorded value was 451,212 BoP, current US$ in 2005.
- How does Benin rank for official current transfers, payments?
- Benin ranks 24th out of 34 countries with data for 2010.
- Is official current transfers, payments rising or falling in Benin?
- Over the last ten years it is up 686.7%. The long-run trend across the full record is rising.
- Where does this Benin data come from?
- The figures come from International Monetary Fund, Balance of Payments Statistics Yearbook and data files, published as part of Official current transfers, payments (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 6 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Current transfers are recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.