Togo: Financial markets development, depth

The latest value from 2021 is 0.237 index points, unchanged from 0.237 index points in 2020. In comparison, the world average is 0.255 index points, based on data from 157 countries. Historically, the average for Togo from 1980 to 2021 is 0.049 index points. The minimum value, 0.006 index points, was reached in 2012 while the maximum of 0.237 index points was recorded in 2019. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Measures the depth (size) of financial markets using the principal component methodology with the following variables: Stock market capitalization to GDP; Stocks traded to GDP; International debt securities of government to GDP; Total debt securities of financial corporations to GDP; and Total debt securities of nonfinancial corporations to GDP. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.