Benin: Trade (% of GDP)
In , Benin's Trade (% of GDP) was 40.64.
That's down 9.0% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Benin ranks #139 globally out of 160 reporting countries. Within Sub-Saharan Africa, it ranks #33 of 39.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 65.27
- Trough
- 39.10
- 1-year change
- -9.0%
- 5-year change
- -36.2%
- -8.6% / yr
- 10-year change
- -37.7%
- -4.6% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 40.6398 | |
| 44.6631 | |
| 44.3816 | |
| 48.0549 | |
| 44.8332 | |
| 63.6813 | |
| 61.7952 | |
| 61.4766 | |
| 58.9869 | |
| 56.7563 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Benin's Trade (% of GDP) in 2024?
- In 2024, Benin's Trade (% of GDP) was 40.64, according to World Bank Open Data.
- Is Benin's Trade (% of GDP) rising or falling?
- Benin's Trade (% of GDP) fell 9.0% from 2023 to 2024.
- How does Benin rank globally on Trade (% of GDP)?
- In 2024, Benin ranked #139 out of 160 countries reporting Trade (% of GDP).
- How does Benin's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Benin is below the world average. Within Sub-Saharan Africa, it ranks #33 of 39.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.