Total Credit — Value Standard Local Currency in Benin
Benin: Total Credit — Value Standard Local Currency was 2.56 million million SLC in 2024. ◆ Volatile
Total Credit — Value Standard Local Currency in Benin, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for total credit — value standard local currency in Benin is 2.56 million million SLC, measured in 2024. That is the highest value across all 33 years on record.
That represents a change of up 4.6% on the previous year and up 127.8% over ten years.
Over the whole period, total credit — value standard local currency in Benin peaked at 2.56 million million SLC in 2024 and was at its lowest, 57,444 million SLC, in 1998.
Benin ranks 47th of 165 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Total Credit — Value Standard Local Currency in Benin, year by year
| Year | million SLC | Change |
|---|---|---|
| 1991 | 74,553 million SLC | — |
| 1992 | 66,457 million SLC | -10.9% |
| 1993 | 75,690 million SLC | +13.9% |
| 1994 | 89,630 million SLC | +18.4% |
| 1995 | 66,514 million SLC | -25.8% |
| 1996 | 88,328 million SLC | +32.8% |
| 1997 | 158,715 million SLC | +79.7% |
| 1998 | 57,444 million SLC | -63.8% |
| 1999 | 129,545 million SLC | +125.5% |
| 2000 | 169,436 million SLC | +30.8% |
| 2001 | 157,194 million SLC | -7.2% |
| 2002 | 180,617 million SLC | +14.9% |
| 2003 | 222,452 million SLC | +23.2% |
| 2004 | 328,658 million SLC | +47.7% |
| 2005 | 367,942 million SLC | +12.0% |
| 2006 | 502,534 million SLC | +36.6% |
| 2007 | 553,978 million SLC | +10.2% |
| 2008 | 645,626 million SLC | +16.5% |
| 2009 | 798,106 million SLC | +23.6% |
| 2011 | 923,958 million SLC | +15.8% |
| 2012 | 675,691 million SLC | -26.9% |
| 2013 | 891,754 million SLC | +32.0% |
| 2014 | 1.13 million million SLC | +26.3% |
| 2015 | 1.07 million million SLC | -4.9% |
| 2016 | 1.24 million million SLC | +15.9% |
| 2017 | 1.26 million million SLC | +1.1% |
| 2018 | 1.34 million million SLC | +6.4% |
| 2019 | 1.30 million million SLC | -2.9% |
| 2020 | 1.37 million million SLC | +5.6% |
| 2021 | 1.55 million million SLC | +13.3% |
| 2022 | 2.11 million million SLC | +36.0% |
| 2023 | 2.45 million million SLC | +16.2% |
| 2024 | 2.56 million million SLC | +4.6% |
Benin compared with similar countries
- Benin's 2.56 million million SLC is above the median for lower middle income countries, which is 487,892 million SLC, 5.3× the median. (38 countries reporting)
- Benin's 2.56 million million SLC is above the median for Sub-Saharan Africa, which is 494,292 million SLC, 5.2× the median. (42 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 89,653 million SLC | 57,444 million SLC | 158,715 million SLC | 9 |
| 2000s | 392,654 million SLC | 157,194 million SLC | 798,106 million SLC | 10 |
| 2010s | 1.09 million million SLC | 675,691 million SLC | 1.34 million million SLC | 9 |
| 2020s | 2.01 million million SLC | 1.37 million million SLC | 2.56 million million SLC | 5 |
Countries ranked near Benin
More agriculture & rural data for Benin
- Agriculture, forestry, and fishing, value added (current US$), annual 8.16 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.2292 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 380.06 current US$ per person (2025)
- Rural population, annual growth rate 0.6697 % change on previous year (2025)
- Rural population, per unit of GDP 0.0003 units per US$ of GDP (2025)
- Rural population, per capita 0.4664 units per person (2025)
- Share of GDP from agriculture 22.9% (2025)
- Agriculture as a share of GDP vs. GDP per capita 22.9% (2025)
- Agricultural raw materials exports 52.9% (2024)
- Agricultural raw materials imports 1.8% (2024)
Frequently asked questions
- What is total credit — value standard local currency in Benin?
- Total credit — value standard local currency in Benin was 2.56 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total credit — value standard local currency recorded in Benin?
- The highest recorded value was 2.56 million million SLC in 2024.
- What is the lowest total credit — value standard local currency recorded in Benin?
- The lowest recorded value was 57,444 million SLC in 1998.
- How does Benin rank for total credit — value standard local currency?
- Benin ranks 47th out of 165 countries with data for 2024.
- Is total credit — value standard local currency rising or falling in Benin?
- Over the last ten years it is up 127.8%. The long-run trend across the full record is volatile.
- Where does this Benin data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Credit — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
Credit to agriculture measures the amount of loans and advances given by the banking sector to farmers, rural households, agricultural cooperatives, or any other agri-related businesses. Each country’s central bank compiles its credit stocks by economic activities as part of its monetary and financial statistics publications via annual or quarterly reports online. Data collection has been carried out mostly through reports found on the central bank websites. Data are collected and compiled according to the International Standard Industrial Classification of All Economic Activities (ISIC Rev. 4: https://unstats.un.org/unsd/classifications/Econ/isic) with a special concentration on the credit to agriculture, forestry and fishing sector separately from the ones to manufacturing and services.