Private credit by deposit money banks and other financial in Togo
Togo: Private credit by deposit money banks and other financial was 26.6% in 2021. ▲ Rising
Private credit by deposit money banks and other financial in Togo, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for private credit by deposit money banks and other financial in Togo is 26.6%, measured in 2021.
The figure is up 0.2% on the previous year and down 4.1% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Togo peaked at 35.8% in 2015 and was at its lowest, 5.9%, in 1965.
That places Togo 134th out of 187 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.
Private credit by deposit money banks and other financial in Togo, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 8.8% | — |
| 1961 | 10.1% | +15.0% |
| 1962 | 9.9% | -1.9% |
| 1963 | 10.3% | +4.1% |
| 1964 | 9.7% | -5.9% |
| 1965 | 5.9% | -39.2% |
| 1966 | 6.0% | +1.5% |
| 1967 | 6.8% | +13.4% |
| 1968 | 9.4% | +38.3% |
| 1969 | 8.5% | -9.6% |
| 1970 | 11.1% | +31.1% |
| 1971 | 11.3% | +1.6% |
| 1972 | 11.5% | +2.1% |
| 1973 | 14.5% | +25.7% |
| 1974 | 11.9% | -18.2% |
| 1975 | 18.4% | +54.9% |
| 1976 | 21.4% | +16.7% |
| 1977 | 22.6% | +5.4% |
| 1978 | 26.5% | +17.2% |
| 1979 | 29.6% | +11.9% |
| 1980 | 26.7% | -9.8% |
| 1981 | 23.7% | -11.3% |
| 1982 | 25.6% | +8.1% |
| 1983 | 23.1% | -10.0% |
| 1984 | 22.6% | -2.1% |
| 1985 | 20.4% | -9.8% |
| 1986 | 24.3% | +19.4% |
| 1987 | 25.7% | +5.7% |
| 1988 | 24.3% | -5.5% |
| 1989 | 22.1% | -9.0% |
| 1990 | 22.3% | +1.2% |
| 1991 | 24.8% | +10.8% |
| 1992 | 24.7% | -0.3% |
| 1993 | 29.2% | +18.2% |
| 1994 | 18.7% | -36.0% |
| 1995 | 20.0% | +6.9% |
| 1996 | 18.7% | -6.2% |
| 1997 | 17.7% | -5.4% |
| 1998 | 17.3% | -2.3% |
| 1999 | 15.1% | -12.6% |
| 2000 | 13.9% | -7.8% |
| 2001 | 12.7% | -9.2% |
| 2002 | 10.8% | -14.8% |
| 2003 | 13.6% | +26.0% |
| 2004 | 14.6% | +7.5% |
| 2005 | 16.2% | +11.0% |
| 2006 | 16.0% | -1.5% |
| 2007 | 20.0% | +25.2% |
| 2008 | 16.4% | -18.0% |
| 2009 | 18.5% | +13.1% |
| 2010 | 21.1% | +13.9% |
| 2011 | 27.7% | +31.2% |
| 2012 | 30.4% | +9.8% |
| 2013 | 32.3% | +6.3% |
| 2014 | 33.7% | +4.3% |
| 2015 | 35.8% | +6.2% |
| 2016 | 30.5% | -14.7% |
| 2017 | 29.5% | -3.3% |
| 2018 | 27.4% | -7.2% |
| 2019 | 26.7% | -2.8% |
| 2020 | 26.5% | -0.5% |
| 2021 | 26.6% | +0.2% |
Togo compared with similar countries
- Togo's 26.6% is above the median for lower middle income countries, which is 24.6%, 1.1× the median. (46 countries reporting)
- Togo's 26.6% is above the median for Sub-Saharan Africa, which is 15.4%, 1.7× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.5% | 5.9% | 10.3% | 10 |
| 1970s | 17.9% | 11.1% | 29.6% | 10 |
| 1980s | 23.8% | 20.4% | 26.7% | 10 |
| 1990s | 20.8% | 15.1% | 29.2% | 10 |
| 2000s | 15.3% | 10.8% | 20.0% | 10 |
| 2010s | 29.5% | 21.1% | 35.8% | 10 |
| 2020s | 26.5% | 26.5% | 26.6% | 2 |
Countries ranked near Togo
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)
- Reserve tranche position, SDR, per capita 2.3 units per person (2025)
- Reserve tranche position, SDR, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve tranche position, US dollar, per capita 3.15 units per person (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, SDR, per capita 2.3 units per person (2025)
Frequently asked questions
- What is private credit by deposit money banks and other financial in Togo?
- Private credit by deposit money banks and other financial in Togo was 26.6% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Togo?
- The highest recorded value was 35.8% in 2015.
- What is the lowest private credit by deposit money banks and other financial recorded in Togo?
- The lowest recorded value was 5.9% in 1965.
- How does Togo rank for private credit by deposit money banks and other financial?
- Togo ranks 134th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Togo?
- Over the last ten years it is down 4.1%. 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 Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, 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. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); 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)