Benin recorded a Current Account deficit of 5.70 percent of the country's Gross Domestic Product in 2019. source: Central Bank of West African States (BCEAO)

Current Account to GDP in Benin averaged -6.63 percent from 1974 until 2019, reaching an all time high of 0.66 percent in 1994 and a record low of -29.75 percent in 1982. This page provides - Benin Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Benin Current Account to GDP - values, historical data and charts - was last updated on November of 2020.

Current Account to GDP in Benin is expected to reach -7.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Benin Current Account to GDP is projected to trend around -6.00 percent in 2021 and -5.00 percent in 2022, according to our econometric models.

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Benin Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-5.70 -6.00 0.66 -29.75 1974 - 2019 percent Yearly

Benin Trade Last Previous Highest Lowest Unit
Balance of Trade -169.02 -170.91 -8.30 -679.56 CFA Franc Billion [+]
Current Account -648.78 -531.00 10.55 -886.09 USD Million [+]
Current Account to GDP -5.70 -6.00 0.66 -29.75 percent [+]
Imports 280.77 332.11 744.61 27.40 CFA Franc Billion [+]
Exports 111.75 161.20 185.16 0.80 CFA Franc Billion [+]
Terrorism Index 0.00 0.00 0.46 0.00 [+]


Benin Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.