Financial system deposits to GDP in Togo
Togo: Financial system deposits to GDP was 40.6% in 2021. ▲ Rising
Financial system deposits to GDP in Togo, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Togo recorded 40.6% for financial system deposits to gdp in 2021.
That represents a change of up 7.5% on the previous year and up 18.8% over ten years.
Over the whole period, financial system deposits to gdp in Togo peaked at 42.7% in 2015 and was at its lowest, 3.9%, in 1960.
That places Togo 121st out of 185 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 62 years of available data.
Financial system deposits to GDP in Togo, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 3.9% | — |
| 1961 | 3.9% | +0.7% |
| 1962 | 4.7% | +21.1% |
| 1963 | 4.9% | +3.6% |
| 1964 | 5.6% | +13.5% |
| 1965 | 6.2% | +11.2% |
| 1966 | 6.1% | -0.8% |
| 1967 | 7.1% | +15.4% |
| 1968 | 8.6% | +22.1% |
| 1969 | 10.6% | +23.0% |
| 1970 | 12.2% | +15.0% |
| 1971 | 11.5% | -6.0% |
| 1972 | 10.8% | -6.1% |
| 1973 | 11.7% | +8.9% |
| 1974 | 17.0% | +44.8% |
| 1975 | 14.6% | -14.0% |
| 1976 | 19.2% | +30.9% |
| 1977 | 17.6% | -7.9% |
| 1978 | 24.6% | +39.6% |
| 1979 | 24.7% | +0.3% |
| 1980 | 19.4% | -21.3% |
| 1981 | 20.1% | +3.5% |
| 1982 | 24.4% | +21.0% |
| 1983 | 25.8% | +5.7% |
| 1984 | 32.6% | +26.6% |
| 1985 | 31.6% | -3.1% |
| 1986 | 34.0% | +7.5% |
| 1987 | 32.2% | -5.2% |
| 1988 | 30.8% | -4.5% |
| 1989 | 30.9% | +0.5% |
| 1990 | 28.6% | -7.6% |
| 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 | 6.2% | 3.9% | 10.6% | 10 |
| 1970s | 16.4% | 10.8% | 24.7% | 10 |
| 1980s | 28.2% | 19.4% | 34.0% | 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 financial system deposits to gdp in Togo?
- Financial system deposits to gdp in Togo was 40.6% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Togo?
- The highest recorded value was 42.7% in 2015.
- What is the lowest financial system deposits to gdp recorded in Togo?
- The lowest recorded value was 3.9% in 1960.
- How does Togo rank for financial system deposits to gdp?
- Togo ranks 121st out of 185 countries with data for 2021.
- Is financial system 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 rising.
- Where does this Togo data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks and other financial institutions 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. Financial system deposits (IFS lines 24, 25, 44, and 45); 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).