Togo - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Togo was 26.51 as of 2020. Its highest value over the past 60 years was 40.06 in 2015, while its lowest value was 5.88 in 1965.

Definition: Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), 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.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1960 8.75
1961 10.06
1962 9.88
1963 10.28
1964 9.68
1965 5.88
1966 5.97
1967 6.77
1968 9.36
1969 8.47
1970 11.10
1971 11.28
1972 11.52
1973 14.48
1974 11.85
1975 18.36
1976 21.42
1977 22.57
1978 26.45
1979 29.61
1980 26.71
1981 23.70
1982 25.62
1983 23.06
1984 22.58
1985 20.35
1986 24.30
1987 25.68
1988 24.27
1989 22.08
1990 22.35
1991 24.77
1992 24.69
1993 29.17
1994 18.67
1995 19.95
1996 18.71
1997 17.69
1998 17.29
1999 15.10
2000 13.93
2001 12.83
2002 11.47
2003 14.19
2004 13.06
2005 14.18
2006 15.58
2007 22.50
2008 18.66
2009 19.69
2010 21.62
2011 27.95
2012 30.40
2013 37.82
2014 35.47
2015 40.06
2016 30.55
2017 29.53
2018 27.41
2019 26.65
2020 26.51

Development Relevance: Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure.

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

Statistical Concept and Methodology: Credit is an important link in money transmission; it finances production, consumption, and capital formation, which in turn affect economic activity. The data on domestic credit provided to the private sector by banks are taken from the other depository corporations survey (line 22D) of the International Monetary Fund's (IMF) International Financial Statistics. The other depository corporations include all deposit taking corporations (deposit money banks) except monetary authorities (the central bank).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets