Deposit interest rate in Togo
Togo: Deposit interest rate was 6.9% in 2016. ▼ Falling
Deposit interest rate in Togo, 2005–2016
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
Togo recorded 6.9% for deposit interest rate in 2016. That is the lowest value across all 12 years on record.
That represents a change of down 1.0% on the previous year and down 11.5% over ten years.
Over the whole period, deposit interest rate in Togo peaked at 8.6% in 2009 and was at its lowest, 6.9%, in 2016.
Togo ranks 33rd of 153 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 12 years of available data.
Deposit interest rate in Togo, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 7.6% | — |
| 2006 | 7.8% | +2.8% |
| 2007 | 7.8% | -0.1% |
| 2008 | 8.1% | +4.0% |
| 2009 | 8.6% | +5.6% |
| 2010 | 8.4% | -2.2% |
| 2011 | 8.5% | +1.4% |
| 2012 | 8.0% | -6.0% |
| 2013 | 7.7% | -4.2% |
| 2014 | 7.3% | -5.2% |
| 2015 | 7.0% | -3.6% |
| 2016 | 6.9% | -1.0% |
Togo compared with similar countries
- Togo's 6.9% is above the median for lower middle income countries, which is 5.2%, 1.3× the median. (42 countries reporting)
- Togo's 6.9% is above the median for Sub-Saharan Africa, which is 5.7%, 1.2× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.0% | 7.6% | 8.6% | 5 |
| 2010s | 7.7% | 6.9% | 8.5% | 7 |
Countries ranked near Togo
- 30 South Africa 7.4% compare
- 31 Uruguay 7.3% compare
- 32 Sierra Leone 7.0% compare
- 33 Cote d'Ivoire 6.9% compare
- 33 Guinea-Bissau 6.9% compare
- 33 Mali 6.9% compare
- 33 Niger 6.9% compare
- 33 Senegal 6.9% compare
More financial sector data for Togo
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.15 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.3 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.15 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is deposit interest rate in Togo?
- Deposit interest rate in Togo was 6.9% in 2016, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Togo?
- The highest recorded value was 8.6% in 2009.
- What is the lowest deposit interest rate recorded in Togo?
- The lowest recorded value was 6.9% in 2016.
- How does Togo rank for deposit interest rate?
- Togo ranks 33rd out of 153 countries with data for 2016.
- Is deposit interest rate rising or falling in Togo?
- Over the last ten years it is down 11.5%. The long-run trend across the full record is falling.
- Where does this Togo data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.