Benin recorded a Current Account deficit of 10.80 percent of the country's Gross Domestic Product in 2018. Benin Current Account to GDP - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Current Account to GDP in Benin averaged -6.74 percent from 1974 until 2018, 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.

Current Account to GDP in Benin is expected to reach -8.50 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 -8.00 percent in 2021 and -7.20 percent in 2022, according to our econometric models.


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Benin Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-10.80 -11.20 0.66 -29.75 1974 - 2018 percent Yearly


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.