Domestic credit to private sector by banks in Togo
Togo: Domestic credit to private sector by banks was 22.9% in 2025. ▲ Rising
Domestic credit to private sector by banks in Togo, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Togo recorded 22.9% for domestic credit to private sector by banks in 2025.
The figure is down 9.4% on the previous year and down 21.2% over ten years.
Over the whole period, domestic credit to private sector by banks in Togo peaked at 30.4% in 2016 and was at its lowest, 4.2%, in 1965.
Togo ranks 131st of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 66 years of available data.
Domestic credit to private sector by banks in Togo, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 6.2% | — |
| 1961 | 7.1% | +15.0% |
| 1962 | 7.0% | -1.9% |
| 1963 | 7.3% | +4.1% |
| 1964 | 6.9% | -5.9% |
| 1965 | 4.2% | -39.2% |
| 1966 | 4.2% | +1.5% |
| 1967 | 4.8% | +13.4% |
| 1968 | 6.6% | +38.3% |
| 1969 | 6.0% | -9.6% |
| 1970 | 7.9% | +31.1% |
| 1971 | 8.0% | +1.6% |
| 1972 | 8.2% | +2.1% |
| 1973 | 10.3% | +25.7% |
| 1974 | 8.4% | -18.2% |
| 1975 | 13.0% | +54.9% |
| 1976 | 15.2% | +16.7% |
| 1977 | 16.0% | +5.4% |
| 1978 | 18.7% | +17.2% |
| 1979 | 21.0% | +11.9% |
| 1980 | 18.9% | -9.8% |
| 1981 | 16.8% | -11.3% |
| 1982 | 18.1% | +8.1% |
| 1983 | 16.3% | -10.0% |
| 1984 | 16.0% | -2.1% |
| 1985 | 14.4% | -9.8% |
| 1986 | 17.2% | +19.4% |
| 1987 | 18.2% | +5.7% |
| 1988 | 17.2% | -5.5% |
| 1989 | 15.6% | -9.0% |
| 1990 | 15.8% | +1.2% |
| 1991 | 17.5% | +10.8% |
| 1992 | 17.5% | -0.3% |
| 1993 | 20.7% | +18.2% |
| 1994 | 13.2% | -36.0% |
| 1995 | 14.1% | +6.9% |
| 1996 | 13.2% | -6.2% |
| 1997 | 12.5% | -5.4% |
| 1998 | 12.2% | -2.3% |
| 1999 | 10.7% | -12.6% |
| 2000 | 9.9% | -7.8% |
| 2001 | 9.1% | -7.9% |
| 2002 | 8.1% | -10.6% |
| 2003 | 10.1% | +23.7% |
| 2004 | 9.3% | -8.0% |
| 2005 | 10.0% | +8.6% |
| 2006 | 11.0% | +9.8% |
| 2007 | 15.9% | +44.5% |
| 2008 | 13.5% | -15.0% |
| 2009 | 14.1% | +4.1% |
| 2010 | 15.6% | +10.9% |
| 2011 | 20.0% | +27.7% |
| 2012 | 21.7% | +9.0% |
| 2013 | 27.1% | +24.8% |
| 2014 | 25.4% | -6.5% |
| 2015 | 29.1% | +14.6% |
| 2016 | 30.4% | +4.3% |
| 2017 | 29.6% | -2.6% |
| 2018 | 27.7% | -6.2% |
| 2019 | 27.5% | -0.8% |
| 2020 | 26.8% | -2.5% |
| 2021 | 26.2% | -2.5% |
| 2022 | 26.5% | +1.4% |
| 2023 | 26.2% | -1.1% |
| 2024 | 25.3% | -3.6% |
| 2025 | 22.9% | -9.4% |
Togo compared with similar countries
- Togo's 22.9% is below the median for lower middle income countries, which is 23.4%, 98% of the median. (46 countries reporting)
- Togo's 22.9% is above the median for Sub-Saharan Africa, which is 15.6%, 1.5× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.0% | 4.2% | 7.3% | 10 |
| 1970s | 12.7% | 7.9% | 21.0% | 10 |
| 1980s | 16.9% | 14.4% | 18.9% | 10 |
| 1990s | 14.8% | 10.7% | 20.7% | 10 |
| 2000s | 11.1% | 8.1% | 15.9% | 10 |
| 2010s | 25.4% | 15.6% | 30.4% | 10 |
| 2020s | 25.7% | 22.9% | 26.8% | 6 |
Countries ranked near Togo
- 128 Ireland 23.8% compare
- 129 Micronesia, Federated States of 23.4% compare
- 130 Eswatini 23.0% compare
- 132 Azerbaijan 22.8% compare
- 133 Burkina Faso 22.7% compare
- 134 Côte d'Ivoire 22.7% 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 domestic credit to private sector by banks in Togo?
- Domestic credit to private sector by banks in Togo was 22.9% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Togo?
- The highest recorded value was 30.4% in 2016.
- What is the lowest domestic credit to private sector by banks recorded in Togo?
- The lowest recorded value was 4.2% in 1965.
- How does Togo rank for domestic credit to private sector by banks?
- Togo ranks 131st out of 187 countries with data for 2025.
- Is domestic credit to private sector by banks rising or falling in Togo?
- Over the last ten years it is down 21.2%. The long-run trend across the full record is rising.
- Where does this Togo data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.