Current Account to GDP in Benin decreased to -5.50 percent in 2020 from -4.30 percent in 2019. source: Central Bank of West African States (BCEAO)

Current Account to GDP in Benin averaged -6.57 percent from 1974 until 2020, 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 January of 2022.

Current Account to GDP in Benin is expected to reach -5.30 percent of GDP by the end of 2021, 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 -4.70 percent of GDP in 2022 and -5.00 percent of GDP in 2023, according to our econometric models.

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Benin Current Account to GDP


Related Last Previous Unit Reference
Current Account to GDP -5.50 -4.00 percent of GDP Dec/20
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.