Togo Interest Rate Spread
Interest rate spread (lending rate minus deposit rate) FR.INR.LNDP
Togo's interest rate spread was -1.35% in 2017, ranked 6th globally. This represents a 17.2% increase from 2016. Data from World Bank, covering 2005–2017.
Overview
Togo's interest rate spread stood at -1.35% in 2017, a rise of +0.28pp from 2016. Togo ranked 6th globally.
Togo’s interest‑rate spread has narrowed dramatically over the 13‑year span from 2005 to 2017, moving from an all‑time peak of 1.15 % in 2005 to a negative spread of –1.35 % in the most recent year, ranking sixth globally. The sharpest contraction occurred during the global financial crisis, when the spread fell to an all‑time trough of –3.60 % in 2009, reflecting a period of unusually low lending rates relative to deposit rates. By 2017 Togo’s spread matched that of fellow West African economies Senegal (–1.35 %) and Niger (–1.35 %), suggesting regional convergence in monetary conditions. The persistent negative spread implies that banks are paying higher rates on deposits than they receive on loans, a situation that can suppress credit growth and profitability. If the Bank of Togo tightens policy or improves risk assessment, the spread could revert toward positive territory, but absent such reforms the negative differential is likely to persist.
Data & projection
| Year | Interest Rate Spread | YoY change | Rank |
|---|---|---|---|
| 2017 | -1.35% | +0.28pp | #6 |
| 2016 | -1.63% | +0.21pp | #8 |
| 2015 | -1.84% | +0.08pp | #9 |
| 2014 | -1.92% | +0.45pp | #9 |
| 2013 | -2.37% | +0.59pp | #9 |
| 2012 | -2.95% | +0.29pp | #9 |
| 2011 | -3.24% | +0.03pp | #8 |
| 2010 | -3.27% | +0.33pp | #9 |
| 2009 | -3.60% | −0.46pp | #9 |
| 2008 | -3.14% | −0.08pp | #9 |
| 2007 | -3.06% | +0.02pp | #9 |
| 2006 | -3.09% | −4.23pp | #9 |
| 2005 | 1.15% | – | #8 |
Analysis
Togo's interest rate spread was -1.35% in 2017, a rise of +0.28pp from 2016.
Frequently Asked Questions
Togo's interest rate spread was -1.35% in 2017. Ranked 6th globally. This represents a 17.2% increase from the previous year.
Togo's interest rate spread peaked at 1.15% in 2005.
The lowest interest rate spread in Togo was -3.60% in 2009.
Togo ranks 6th globally in interest rate spread as of 2017.
The World Bank indicator code is FR.INR.LNDP. Data sourced from World Bank.
The interest rate spread of Togo in 2017 was -1.35%. This ranks 6th in the world.
Cite this page
@misc{historysaid_togo_interest-rate-spread,
title = {Togo Interest Rate Spread},
url = {https://historysaid.com/togo/interest-rate-spread/},
publisher = {HistorySaid},
year = {2026}
}