Nominal Gross National Saving for Benin
BENNGSGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.59
Year-over-Year Change
158.85%
Date Range
1/1/2000 - 1/1/2026
Summary
The Nominal Gross National Saving for Benin measures the total value of economic resources saved by the nation's residents. It is an important indicator of a country's overall financial health and ability to invest in future growth.
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
Gross national saving represents the portion of national income that is not consumed by households, businesses, or the government. It is a key metric used by economists and policymakers to assess a country's capacity for productive investment and long-term economic development.
Methodology
The data is collected and calculated by the World Bank based on national accounts statistics.
Historical Context
Gross national saving is closely monitored by institutions like the IMF and World Bank to gauge a country's fiscal and financial stability.
Key Facts
- Benin's gross national saving averaged 12.4% of GDP from 2010-2020.
- Saving rates are a key driver of capital formation and economic growth.
- High saving allows greater investment in infrastructure, technology, and human capital.
FAQs
Q: What does this economic trend measure?
A: The Nominal Gross National Saving for Benin measures the total value of economic resources saved by the nation's residents and households.
Q: Why is this trend relevant for users or analysts?
A: Gross national saving is a crucial indicator of a country's financial health and capacity for productive investment and long-term economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts statistics.
Q: How is this trend used in economic policy?
A: Gross national saving is closely monitored by institutions like the IMF and World Bank to gauge a country's fiscal and financial stability.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions by the reporting agencies.
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Citation
U.S. Federal Reserve, Nominal Gross National Saving for Benin (BENNGSGDPPT), retrieved from FRED.