Private credit by deposit money banks to GDP in Togo
Togo: Private credit by deposit money banks to GDP was 26.6% in 2021. ▲ Rising
Private credit by deposit money banks to GDP in Togo, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Togo recorded 26.6% for private credit by deposit money banks to gdp 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 to gdp in Togo peaked at 35.8% in 2015 and was at its lowest, 5.9%, in 1965.
Togo ranks 126th of 187 countries on this measure, 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 to GDP 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 22.2%, 1.2× 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
- 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 private credit by deposit money banks to gdp in Togo?
- Private credit by deposit money banks to gdp 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 to gdp recorded in Togo?
- The highest recorded value was 35.8% in 2015.
- What is the lowest private credit by deposit money banks to gdp recorded in Togo?
- The lowest recorded value was 5.9% in 1965.
- How does Togo rank for private credit by deposit money banks to gdp?
- Togo ranks 126th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp 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 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 (IFS line 22d); 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).