Togo: Domestic credit to private sector (% of GDP)

Key figures

What the numbers say

In 2025, Togo's domestic credit to private sector (% of GDP) fell 2.37 percentage points on 2024 (from 25.37% to 23%).

Across the 30 yearly changes before that (1995 to 2024), the average change was +0.4 percentage points and a typical year strayed about 2.01 percentage points from that (the standard deviation). This year's change was 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 5.37 percentage points in 2013 and the biggest yearly fall was 7.64 percentage points in 1994. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is downward, about 0.65 percentage points a year. A straight line explains 89% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Togo had the 74th highest value of the 100 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Togo in the 2025 ranking

• Djibouti — 71st of 100: 25.16%
• Azerbaijan — 72nd of 100: 24.86%
• Eswatini — 73rd of 100: 23.08%
• Burkina Faso — 75th of 100: 22.72%
• Côte d'Ivoire — 76th of 100: 22.68%
• Rwanda — 77th of 100: 22.09%

What this measures

Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. 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.

Limitations: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 64 values

Domestic credit to private sector (% of GDP) in nearby economies

• Angola — 6.58% (2025)
• Benin — 19.78% (2025)
• Botswana — 33.23% (2025)
• Burkina Faso — 22.72% (2025)
• Burundi — 38.54% (2025)
• Cabo Verde — 54.04% (2025)
• Cameroon — 14.09% (2019)
• Central African Republic — 13.04% (2022)
• Chad — 8.32% (2021)
• Comoros — 15.32% (2024)

More financial sector data for Togo

• Domestic credit to private sector by banks (% of GDP) — 22.94% (2025)
• GDP deflator (base year varies by country) — 122.48 (2025)
• DEC alternative conversion factor (LCU per US$) — US$581.93 (2025)
• Official exchange rate (LCU per US$, period average) — US$581.93 (2025)
• Inflation, GDP deflator (annual % growth) — 0.85% (2025)
• Net domestic credit (current LCU) — 2.46 trillion (2025)
• Net foreign assets (current LCU) — 1.26 trillion (2025)
• Monetary sector credit to private sector (% of GDP) — 23% (2025)
• Broad money (current LCU) — 3.16 trillion (2025)
• Broad money (% of GDP)

Reading data like this

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Questions people ask

What is Togo's domestic credit to private sector (% of GDP)?

23% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1962?

It is up 15.15 percentage points from 7.85% in 1962. The highest value was 30.42% in 2016 and the lowest 4.84% in 1965.

How does Togo rank?

74th highest of 100 economies with data for 2025.

Is the latest change in domestic credit to private sector (% of GDP) unusual for Togo?

In 2025, Togo's domestic credit to private sector (% of GDP) fell 2.37 percentage points on 2024 (from 25.37% to 23%). Across the 30 yearly changes before that (1995 to 2024), the average change was +0.4 percentage points and a typical year strayed about 2.01 percentage points from that (the standard deviation). This year's change was 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator FS.AST.PRVT.GD.ZS, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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