Insurance and financial services in Togo
Togo: Insurance and financial services was 6.8% in 2020. ◆ Volatile
Insurance and financial services in Togo, 1980–2020
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
The most recent figure for insurance and financial services in Togo is 6.8%, measured in 2020.
Compared with earlier readings it is up 38.2% on the previous year and up 52.3% over ten years.
Over the whole period, insurance and financial services in Togo peaked at 13.7% in 1990 and was at its lowest, 0.5%, in 1988.
Togo ranks 51st of 190 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Togo, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1980 | 1.7% | — |
| 1981 | 0.8% | -50.2% |
| 1982 | 0.7% | -19.8% |
| 1983 | 0.6% | -15.3% |
| 1984 | 0.5% | -8.0% |
| 1985 | 5.4% | +929.0% |
| 1986 | 0.6% | -89.6% |
| 1987 | 0.6% | +5.4% |
| 1988 | 0.5% | -15.8% |
| 1989 | 6.1% | +1139.1% |
| 1990 | 13.7% | +124.4% |
| 1991 | 5.4% | -60.7% |
| 1992 | 0.6% | -89.5% |
| 1993 | 0.6% | +14.2% |
| 1994 | 0.7% | +7.7% |
| 1995 | 1.8% | +158.2% |
| 1996 | 2.8% | +53.6% |
| 1997 | 3.5% | +26.5% |
| 1998 | 3.8% | +7.9% |
| 1999 | 5.9% | +56.4% |
| 2000 | 8.8% | +49.5% |
| 2001 | 2.8% | -68.1% |
| 2002 | 6.4% | +128.6% |
| 2003 | 1.2% | -81.7% |
| 2004 | 1.5% | +25.4% |
| 2005 | 1.0% | -33.6% |
| 2006 | 4.2% | +325.8% |
| 2007 | 4.8% | +15.2% |
| 2008 | 4.9% | +1.2% |
| 2009 | 5.1% | +4.6% |
| 2010 | 4.5% | -11.7% |
| 2011 | 3.7% | -17.7% |
| 2012 | 4.7% | +26.3% |
| 2013 | 2.9% | -37.4% |
| 2014 | 2.5% | -15.3% |
| 2015 | 0.9% | -62.8% |
| 2016 | 2.1% | +130.7% |
| 2017 | 2.5% | +18.4% |
| 2018 | 3.8% | +51.5% |
| 2019 | 5.0% | +29.5% |
| 2020 | 6.8% | +38.2% |
Togo compared with similar countries
- Togo's 6.8% is above the median for lower middle income countries, which is 1.8%, 3.9× the median. (46 countries reporting)
- Togo's 6.8% is above the median for Sub-Saharan Africa, which is 3.3%, 2.1× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Togo changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1989 | +1139.1% | 0.5% | 6.1% |
| 1985 | +929.0% | 0.5% | 5.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.7% | 0.5% | 6.1% | 10 |
| 1990s | 3.9% | 0.6% | 13.7% | 10 |
| 2000s | 4.1% | 1.0% | 8.8% | 10 |
| 2010s | 3.3% | 0.9% | 5.0% | 10 |
| 2020s | 6.8% | 6.8% | 6.8% | 1 |
Countries ranked near Togo
More private sector data for Togo
- Merchandise trade 43.7% (2025)
- Food imports 17.6% (2024)
- Manufactures imports 64.9% (2024)
- Merchandise imports 3.40 billion current US$ (2025)
- Food exports 33.0% (2024)
- Manufactures exports 39.3% (2024)
- Merchandise exports 1.80 billion current US$ (2025)
- Merchandise exports (current US$), per capita 209.51 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1514 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 9.62 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Togo?
- Insurance and financial services in Togo was 6.8% in 2020, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Togo?
- The highest recorded value was 13.7% in 1990.
- What is the lowest insurance and financial services recorded in Togo?
- The lowest recorded value was 0.5% in 1988.
- How does Togo rank for insurance and financial services?
- Togo ranks 51st out of 190 countries with data for 2020.
- Is insurance and financial services rising or falling in Togo?
- Over the last ten years it is up 52.3%. The long-run trend across the full record is volatile.
- Where does this Togo data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service exports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.