Togo: Financial institutions development, depth

* indicates monthly or quarterly data series
 Togo

Financial institutions development, depth

 Latest value 0.098
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.080
 Min - Max 0.054 - 0.133
 Source International Monetary Fund
The latest value from 2021 is 0.098 index points, unchanged from 0.098 index points in 2020. In comparison, the world average is 0.291 index points, based on data from 175 countries. Historically, the average for Togo from 1980 to 2021 is 0.08 index points. The minimum value, 0.054 index points, was reached in 2002 while the maximum of 0.133 index points was recorded in 2015. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Togo - Financial institutions development, depth - Recent values chart

Historical series
Togo - Financial institutions development, depth - historical chart - 1980-2021




Definition: Measures the development of financial institutions in terms of depth. Constructed as a principal component of the following variables: Private-sector credit to GDP; Pension fund assets to GDP; Mutual fund assets to GDP; and Insurance premiums, life and non-life, to GDP. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.

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 Related indicators Latest Reference Measure
 Financial development 0.178 2021 index points
 Financial institutions development 0.249 2021 index points
 Financial institutions development, depth 0.098 2021 index points
 Financial institutions development, access 0.095 2021 index points
 Financial institutions development, efficiency 0.613 2021 index points
 Financial markets development 0.099 2021 index points
 Financial markets development, depth 0.237 2021 index points
 Financial markets development, access 0.028 2021 index points
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