Togo: Financial institutions development, efficiency

* indicates monthly or quarterly data series
 Togo

Financial institutions development, efficiency

 Latest value 0.613
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.498
 Min - Max 0.291 - 0.746
 Source International Monetary Fund
The latest value from 2021 is 0.613 index points, an increase from 0.587 index points in 2020. In comparison, the world average is 0.585 index points, based on data from 178 countries. Historically, the average for Togo from 1980 to 2021 is 0.498 index points. The minimum value, 0.291 index points, was reached in 2015 while the maximum of 0.746 index points was recorded in 2004. 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, efficiency - Recent values chart

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




Definition: Measures the efficiency of financial institutions. Constructed using the Principal Component methodology using the following variables: Net interest margin, Lending-deposits spread, Non-interest income to total income, Overhead costs to total assets, Return on assets, and Return on equity. 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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