Remittances in Benin
Benin: Remittances was 1.72 in 2023. ◆ Volatile
Latest (2023)
1.72
Change on year
up 19.7%
World rank
109th
of 194 countries
All-time high
8.04
in 1992
All-time low
1.02
in 2004
Years of data
50
1974–2023
Remittances in Benin, 1974–2023
Source: Our World in Data.
Analysis
In 2023, remittances in Benin stood at 1.72.
That represents a change of up 19.7% on the previous year and down 13.4% over ten years.
Over the whole period, remittances in Benin peaked at 8.04 in 1992 and was at its lowest, 1.02, in 2004.
That places Benin 109th out of 194 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Remittances in Benin, year by year
| Year | Value | Change |
|---|---|---|
| 1974 | 1.33 | — |
| 1975 | 2.6 | +95.3% |
| 1976 | 4.01 | +54.5% |
| 1977 | 5.22 | +30.1% |
| 1978 | 6.05 | +15.9% |
| 1979 | 6.15 | +1.5% |
| 1980 | 5.48 | -10.9% |
| 1981 | 4.8 | -12.4% |
| 1982 | 2.91 | -39.3% |
| 1983 | 4 | +37.3% |
| 1984 | 4 | -0.0% |
| 1985 | 3.85 | -3.7% |
| 1986 | 3.8 | -1.3% |
| 1987 | 3.85 | +1.3% |
| 1988 | 4.39 | +13.9% |
| 1989 | 6.08 | +38.5% |
| 1990 | 5.16 | -15.2% |
| 1991 | 5.94 | +15.2% |
| 1992 | 8.04 | +35.4% |
| 1993 | 4.79 | -40.5% |
| 1994 | 5.6 | +17.0% |
| 1995 | 4.56 | -18.6% |
| 1996 | 3.6 | -21.1% |
| 1997 | 3.09 | -14.1% |
| 1998 | 3.63 | +17.5% |
| 1999 | 2.04 | -43.8% |
| 2000 | 2.44 | +19.6% |
| 2001 | 2.27 | -7.1% |
| 2002 | 1.81 | -19.9% |
| 2003 | 1.04 | -42.9% |
| 2004 | 1.02 | -1.6% |
| 2005 | 2.24 | +119.4% |
| 2006 | 2.78 | +24.3% |
| 2007 | 2.95 | +6.0% |
| 2008 | 2.12 | -28.0% |
| 2009 | 1.3 | -38.9% |
| 2010 | 1.46 | +12.7% |
| 2011 | 1.61 | +10.0% |
| 2012 | 1.86 | +15.8% |
| 2013 | 1.99 | +6.6% |
| 2014 | 2.29 | +15.4% |
| 2015 | 1.88 | -17.9% |
| 2016 | 1.88 | -0.4% |
| 2017 | 1.54 | -17.8% |
| 2018 | 1.39 | -9.6% |
| 2019 | 1.51 | +8.2% |
| 2020 | 1.3 | -13.5% |
| 2021 | 1.31 | +0.1% |
| 2022 | 1.44 | +10.1% |
| 2023 | 1.72 | +19.7% |
Benin compared with similar countries
- Benin's 1.72 is below the median for lower middle income countries, which is 6.01, 29% of the median. (47 countries reporting)
- Benin's 1.72 is below the median for Sub-Saharan Africa, which is 2.52, 68% of the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.23 | 1.33 | 6.15 | 6 |
| 1980s | 4.32 | 2.91 | 6.08 | 10 |
| 1990s | 4.64 | 2.04 | 8.04 | 10 |
| 2000s | 2 | 1.02 | 2.95 | 10 |
| 2010s | 1.74 | 1.39 | 2.29 | 10 |
| 2020s | 1.44 | 1.3 | 1.72 | 4 |
Countries ranked near Benin
More reference data data for Benin
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.1979 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 1.67 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 2.03 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.1562 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 2.03 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.6635 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.5244 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 8.56 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 10.71 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.8505 (2050)
Frequently asked questions
- What is remittances in Benin?
- Remittances in Benin was 1.72 in 2023, according to Our World in Data.
- What is the highest remittances recorded in Benin?
- The highest recorded value was 8.04 in 1992.
- What is the lowest remittances recorded in Benin?
- The lowest recorded value was 1.02 in 2004.
- How does Benin rank for remittances?
- Benin ranks 109th out of 194 countries with data for 2023.
- Is remittances rising or falling in Benin?
- Over the last ten years it is down 13.4%. The long-run trend across the full record is volatile.
- Where does this Benin data come from?
- The figures come from Our World in Data, published as part of Remittances. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (Our World in Data).