Togo: Financial institutions development

The latest value from 2021 is 0.249 index points, an increase from 0.242 index points in 2020. In comparison, the world average is 0.436 index points, based on data from 178 countries. Historically, the average for Togo from 1980 to 2021 is 0.186 index points. The minimum value, 0.126 index points, was reached in 2002 while the maximum of 0.25 index points was recorded in 2018. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: An index for overall financial institutions development based on the three subindexes for depth, access, and efficiency from the indictors menu. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.