Bank deposits to GDP in Togo
Togo: Bank deposits to GDP was 40.6% in 2021. ◆ Volatile
Bank deposits to GDP in Togo, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Togo recorded 40.6% for bank deposits to gdp in 2021.
Compared with earlier readings it is up 7.5% on the previous year and up 18.8% over ten years.
Over the whole period, bank deposits to gdp in Togo peaked at 42.7% in 2015 and was at its lowest, 3.3%, in 1961.
Togo ranks 121st of 185 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.
Bank deposits to GDP in Togo, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 3.4% | — |
| 1961 | 3.3% | -1.3% |
| 1962 | 4.1% | +22.6% |
| 1963 | 4.2% | +2.8% |
| 1964 | 4.8% | +15.0% |
| 1965 | 5.4% | +12.6% |
| 1966 | 5.3% | -1.4% |
| 1967 | 6.3% | +17.8% |
| 1968 | 7.8% | +23.3% |
| 1969 | 9.7% | +25.0% |
| 1970 | 11.2% | +15.1% |
| 1971 | 10.4% | -7.2% |
| 1972 | 9.6% | -7.4% |
| 1973 | 10.5% | +9.7% |
| 1974 | 16.1% | +52.5% |
| 1975 | 13.5% | -16.3% |
| 1976 | 17.9% | +32.9% |
| 1977 | 16.5% | -7.7% |
| 1978 | 23.3% | +41.5% |
| 1979 | 23.3% | +0.0% |
| 1980 | 18.3% | -21.4% |
| 1981 | 18.8% | +2.4% |
| 1982 | 23.0% | +22.2% |
| 1983 | 24.4% | +6.4% |
| 1984 | 31.3% | +28.0% |
| 1985 | 30.0% | -4.1% |
| 1986 | 32.3% | +7.7% |
| 1987 | 30.5% | -5.5% |
| 1988 | 29.3% | -4.1% |
| 1989 | 28.6% | -2.2% |
| 1990 | 28.6% | -0.2% |
| 1991 | 28.2% | -1.3% |
| 1992 | 25.0% | -11.3% |
| 1993 | 29.2% | +16.5% |
| 1994 | 21.5% | -26.1% |
| 1995 | 19.1% | -11.2% |
| 1996 | 16.8% | -12.0% |
| 1997 | 15.4% | -8.8% |
| 1998 | 13.8% | -10.4% |
| 1999 | 13.4% | -2.7% |
| 2000 | 13.9% | +4.1% |
| 2001 | 13.9% | -0.1% |
| 2002 | 14.2% | +2.2% |
| 2003 | 17.0% | +19.5% |
| 2004 | 19.4% | +14.2% |
| 2005 | 20.7% | +6.5% |
| 2006 | 23.0% | +11.1% |
| 2007 | 25.2% | +10.0% |
| 2008 | 26.7% | +5.9% |
| 2009 | 29.5% | +10.2% |
| 2010 | 30.9% | +5.0% |
| 2011 | 34.2% | +10.5% |
| 2012 | 37.0% | +8.1% |
| 2013 | 37.0% | +0.2% |
| 2014 | 41.3% | +11.4% |
| 2015 | 42.7% | +3.6% |
| 2016 | 32.8% | -23.4% |
| 2017 | 33.8% | +3.3% |
| 2018 | 34.5% | +2.0% |
| 2019 | 34.0% | -1.6% |
| 2020 | 37.8% | +11.3% |
| 2021 | 40.6% | +7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.4% | 3.3% | 9.7% | 10 |
| 1970s | 15.2% | 9.6% | 23.3% | 10 |
| 1980s | 26.6% | 18.3% | 32.3% | 10 |
| 1990s | 21.1% | 13.4% | 29.2% | 10 |
| 2000s | 20.4% | 13.9% | 29.5% | 10 |
| 2010s | 35.8% | 30.9% | 42.7% | 10 |
| 2020s | 39.2% | 37.8% | 40.6% | 2 |
Countries ranked near Togo
- 118 Costa Rica 41.1% compare
- 119 Bangladesh 41.1% compare
- 120 Burkina Faso 40.6% compare
- 122 Romania 39.6% compare
- 123 Saudi Arabia 38.7% compare
- 124 Burundi 38.4% compare
More financial sector data for Togo
- Net domestic credit (current LCU), per capita 286,343 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 206.91 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 7.41 % change on previous year (2025)
- Domestic credit to private sector by banks 22.9% (2025)
- Net domestic credit 2.46 trillion current LCU (2025)
- Net foreign assets 1.26 trillion current LCU (2025)
- Monetary Sector credit to private sector 23.0% (2025)
- Broad money 45.6% (2025)
- Claims on central government, etc. 9.5% (2025)
- Domestic credit to private sector 23.0% (2025)
Frequently asked questions
- What is bank deposits to gdp in Togo?
- Bank deposits to gdp in Togo was 40.6% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Togo?
- The highest recorded value was 42.7% in 2015.
- What is the lowest bank deposits to gdp recorded in Togo?
- The lowest recorded value was 3.3% in 1961.
- How does Togo rank for bank deposits to gdp?
- Togo ranks 121st out of 185 countries with data for 2021.
- Is bank deposits to gdp rising or falling in Togo?
- Over the last ten years it is up 18.8%. The long-run trend across the full record is volatile.
- Where does this Togo data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 62 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).