Formal & Mobile Money Savings Statistics in Togo (2026)
As of the 2024 data, 32.1% of adults in Togo saved at a formal financial institution or using a mobile money account, per World Bank Global Findex. Up from 18.4% in 2021 to 32.1% in 2024 (+13.7 percentage points). Togo ranks #14 of 36 economies in Sub-Saharan Africa on this measure, and #62 of 142 globally.
Key Statistics
- Latest value (2024)
- 32.1% (2024)
- Formal & Mobile Money Savings in Togo as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- +13.7 pp (2024)
- Up from 18.4% in 2021 to 32.1% in 2024 (+13.7 percentage points).
- Earliest value in this dataset (2011)
- 3.6% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 3.6% in 2011 to 32.1% in 2024.
- Record high (2024)
- 32.1% (2024)
- The 2024 value is the highest in the available World Bank Global Findex series for Togo.
- Rank in Sub-Saharan Africa
- #14 of 36 (2024)
- Togo ranks 14 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #62 of 142 (2024)
- Togo ranks 62 of 142 countries with data globally.
- Sub-Saharan Africa average
- 30.8% (2024)
- Togo (32.1%) is above the average of 30.8% across the 36 countries in Sub-Saharan Africa with data.
- Saved at a bank or similar financial institution (% age 15+) (2024)
- 19.9% (2024)
- Related indicator from World Bank Global Findex.
- Internet use in Togo (2024)
- 39.5% (2024)
- 39.5% of the population in Togo used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 9.5 million (2024)
- Togo had a population of 9.5 million in 2024 (World Bank); shown for scale only.
Trend, 2011–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 32.1% | +13.7 pp |
| 2021 | 18.4% | +6.6 pp |
| 2017 | 11.8% | +5.1 pp |
| 2014 | 6.7% | +3.0 pp |
| 2011 | 3.6% | — |
Frequently asked questions
What share of adults in Togo saved at a formal financial institution or using a mobile money account?
32.1% of adults in Togo saved at a formal financial institution or using a mobile money account in 2024, according to World Bank Global Findex data.
How does Togo compare with other countries in Sub-Saharan Africa?
Togo ranks 14 of 36 countries in Sub-Saharan Africa with data, with 32.1% versus a regional average of 30.8% (latest values per country).
Where does Togo rank globally on formal & mobile money savings?
Togo ranks 62 of 142 countries with data globally, based on the latest World Bank Global Findex value for each country.
Source & methodology
Source: World Bank Global Findex, indicator
fin17a.17a1.d, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .