What is the difference in borrowers from commercial banks between Nigeria and Togo?

6.17 per 1,000 adults, with Togo ahead.

How many years of comparable data are there for Nigeria and Togo?

6 years are reported by both, from 2019 to 2024.

Where does this data come from?

Financial Access Survey, International Monetary Fund (IMF), published as Borrowers from commercial banks (per 1,000 adults). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Nigeria vs Togo: Borrowers from commercial banks

Nigeria

31.08 per 1,000 adults

in 2024

Togo

37.25 per 1,000 adults

in 2024

Nigeria rank

96th

Togo rank

95th

Borrowers from commercial banks over time

Nigeria
Togo

How they compare

Togo currently reports 37.25 per 1,000 adults against 31.08 per 1,000 adults in Nigeria, a difference of 6.17 per 1,000 adults.

That makes Togo's figure about 1.2 times Nigeria's.

The two have swapped places 2 times across 6 shared years of data; in 2019 it was Togo ahead.

Nigeria ranks 96th and Togo ranks 95th of 113 countries.

Togo has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade	Nigeria	Togo	Difference	Ahead
2010s	24.19 per 1,000 adults	32.88 per 1,000 adults	8.69 per 1,000 adults	Togo
2020s	32.59 per 1,000 adults	33.8 per 1,000 adults	1.21 per 1,000 adults	Togo

Averages of every year both report within each decade.

Frequently asked questions

Which has higher borrowers from commercial banks, Nigeria or Togo?: Togo, at 37.25 per 1,000 adults against 31.08 per 1,000 adults in Nigeria as of 2024.
What is the difference in borrowers from commercial banks between Nigeria and Togo?: 6.17 per 1,000 adults, with Togo ahead.
How many years of comparable data are there for Nigeria and Togo?: 6 years are reported by both, from 2019 to 2024.
How do Nigeria and Togo rank globally for borrowers from commercial banks?: Nigeria ranks 96th and Togo ranks 95th of 113 countries.
Where does this data come from?: Financial Access Survey, International Monetary Fund (IMF), published as Borrowers from commercial banks (per 1,000 adults). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Nigeria vs Togo: Borrowers from commercial banks. Statizoid, drawing on Financial Access Survey, International Monetary Fund (IMF). Retrieved 12 September 2026, from https://financial-sector.statizoid.com/compare/borrowers-from-commercial-banks-per-1-000-adults/nigeria/togo/

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<a href="https://financial-sector.statizoid.com/compare/borrowers-from-commercial-banks-per-1-000-adults/nigeria/togo/">Nigeria vs Togo: Borrowers from commercial banks</a> — Statizoid

About this data

Indicator: Borrowers from commercial banks (per 1,000 adults)
Unit: per 1,000 adults
Source: Financial Access Survey, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 148 places, 2,388 data points, 2004–2024
Last refreshed: 03 September 2026

Borrowers from commercial banks are the reported number of resident customers that are nonfinancial corporations (public and private) and households who obtained loans from commercial banks and other banks functioning as commercial banks.