Togo—Firms Using Banks to Finance Investment (%)
Category: FinanceSource: World Bank World Development Indicators ↗Global Rank: #73 of 117Updated May 2026
Latest Value
22.1%
2023
YoY Change
-14.0%
2016 → 2023
Global Rank
#73
of 117 countries
Maximum
25.7%
2016
Minimum
16.9%
2009
CAGR
+1.9%
3 years
Last
22.1%
Previous
25.7%
Highest
25.7%
Lowest
16.9%
Source
World Bank World Development Indicators
Togo's firms using banks to finance investment (%) was 22.1% in 2023, ranking #73 out of 117 countries. This represents a -14.0% change from 2016. Over the past 3 years, the highest recorded value was 25.7% (2016) and the lowest was 16.9% (2009). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 22.1% | -14.0% |
| 2016 | 25.7% | +52.3% |
| 2009 | 16.9% |
Top Countries — Firms Using Banks to Finance Investment (%)
About This Indicator
Definition
Percentage of firms using banks to finance purchases of fixed assets.
Methodology
Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.