Bank deposits as a share of GDP rose 0.970% to 55.6% in Togo in 2015, according to the National Central Bank.
Historically, bank deposits as a share of GDP in Togo reached an all time high of 55.6% in 2015 and an all time low of 23.8% in 2006. When compared to Togo's main peers, bank deposits as a share of GDP in Benin amounted to 42.2%, 39.8% in Burkina Faso, 30.1% in Ghana and 18.3% in Nigeria in 2015.
Togo has been ranked 66th within the group of 137 countries we follow in terms of bank deposits as a share of GDP, 12 places above the position seen 10 years ago.
Bank Deposits (As % of GDP) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Benin | % | ... | ... | ... | ... | 42.2% | ... | ... | ... | ... | ... | ... | ||||||||||
Burkina Faso | % | ... | ... | ... | ... | 39.8% | ... | ... | ... | ... | ... | ... | ||||||||||
Cameroon | % | ... | ... | ... | ... | 17.5% | 17.2% | 17.8% | 17.7% | 18.6% | ... | |||||||||||
Chad | % | ... | ... | ... | ... | 10.6% | 11.3% | 10.3% | 9.98% | 11.9% | ... | |||||||||||
Ghana | % | 30.1% | 30.9% | 28.4% | 20.9% | 22.0% | ||||||||||||||||
Ivory Coast | % | ... | ... | ... | ... | 31.3% | ... | ... | ... | ... | ... | ... | ||||||||||
Mali | % | ... | ... | ... | ... | 31.4% | ... | ... | ... | ... | ... | ... | ||||||||||
Niger | % | ... | ... | ... | ... | 18.6% | ... | ... | ... | ... | ... | ... | ||||||||||
Nigeria | % | 18.3% | 18.1% | 17.4% | 16.9% | 16.7% | ... | |||||||||||||||
Togo | % | ... | ... | ... | ... | 55.6% | ... | ... | ... | ... | ... | ... |