Net Current Account Total for Benin
BENBCABP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.34
Year-over-Year Change
-19.88%
Date Range
1/1/2000 - 1/1/2026
Summary
The Net Current Account Total for Benin measures the country's balance of trade, capital flows, and income transfers with the rest of the world. It is a key indicator of Benin's economic health and international competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Net Current Account Total represents Benin's total earnings and payments from international transactions, including exports, imports, income from foreign investments, and remittances. It is a widely-used metric for assessing a country's external economic position and ability to finance its activities.
Methodology
The data is collected and calculated by the Benin government and reported to international organizations.
Historical Context
Policymakers and economists use this trend to evaluate Benin's trade and financial integration with the global economy.
Key Facts
- Benin's current account balance was 2.1% of GDP in 2021.
- The current account deficit widened from 2.6% of GDP in 2020 to 3.4% in 2021.
- Exports of goods and services were 23.3% of GDP in 2021.
FAQs
Q: What does this economic trend measure?
A: The Net Current Account Total for Benin measures the country's balance of trade, capital flows, and income transfers with the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key indicator of Benin's economic health and international competitiveness, providing insights into the country's trade position and ability to finance its activities.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Benin government and reported to international organizations.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate Benin's trade and financial integration with the global economy.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the reporting agencies.
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Citation
U.S. Federal Reserve, Net Current Account Total for Benin (BENBCABP6GDPPT), retrieved from FRED.