Country Financial Sector Profilesback

Financial Sector Overview

Togo, a West African nation on the Gulf of Guinea, is known for its palm-lined beaches and hilltop villages. Koutammakou, inhabited by the Batammariba people, is a traditional settlement of fortresslike clay huts dating to the 17th century. In the capital, Lomé, are the multistory Grand Marché bazaar and the Fetish Market, offering traditional talismans and remedies relating to the vodun (voodoo) religion.

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At a Glance

Population in thousands (2017): 7,797.69
GDP per capita (current US$) 2017 - World Average 10,721.61: 610.15
Account (%) age 15+) - (2014 vs 2017): 18% | 45%
Agriculture Orientation Index - Credit ( Agriculture, Forestry and Fisheries share of GDP) (2015 vs 2016): 0.01 (2015)
Financial Inclusion Strategies: n/a
Domestic credit provided by financial sector (% of GDP) 2017: 48.5
Made or received digital payments in the past year (% age 15+) (2014 vs 2017): 7% | 31%
Remittances % of GDP for 2017: 0.087
Mortgage Interest Rate / Mortgage Term (years): 9.13% | 5 est.2013

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Projects

Latest News & Events

May 31, 2019 | Ecofin Agency
The ECOWAS Bank for Investment and Development (EBID) has just launched a bond issuance operation.

Latest Publications

Dec 31, 2018 | F. Haile, L.C. Moller | The World Bank
Sep 30, 2018 | African Development Bank (AfDB) | AfDB
Dec 31, 2014 | G. Suedekum, A. Awata, A. Berthaud | UPU
Jun 30, 2014 | J. Gobat, M. Yanase, J. Maloney | IMF
Dec 31, 2013 | C. Riquet, C. Poursat | CGAP