Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Togo economic outlook, debt to GDP ratio, international trade performance and population trends.
Basic Information
Government Type: Presidential republic
Capital City: Lome
GDP & Economic Information
Macroeconomy & Sovereign Data
Central Bank |
Central Bank of West African States (BCEAO) |
---|---|
Currency |
Communaute Financiere Africaine francs (XOF) |
International Reserves |
N/A |
Gross Domestic Product – GDP |
USD 5.4 billion (2018, estimate) |
GDP (Purchasing Power Parity) |
Intl$ 14 billion (2018, estimate) |
GDP Data
Real GDP growth |
2014: 5.9% 2015: 5.7% 2016: 5.6% 2017: 4.4% (Estimate) 2018: 4.7% (Estimate) |
---|---|
GDP per capita – current prices |
USD 670.3 (2018, estimate) |
GDP per capita – PPP |
Intl$ 1,745.6 (2018, estimate) |
GDP (PPP) – share of world total |
0.01% (2019 estimate) |
GDP – composition by sector |
agriculture: 23.6% industry: 16.6% services: 29.1% (2018 estimate) |
Inflation |
2015: 1.8% 2016: 0.9% 2017: -0.2% 2018: 0.9% (Estimate) 2019: 3.8% (Estimate) |
---|---|
Government Bond Ratings |
Standard & Poor’s: B Moody’s: N/A Standard & Poor’s / Moody’s (Updated January 2017) |
Unemployment rate |
2015: 1.8% 2016: 0.9% 2017: -0.2% 2018: 0.9% (Estimate) 2019: 3.8% (Estimate) |
Household saving rates | N/A |
Public debt (General government gross debt as a % of GDP) |
2015: 72.1% 2016: 81.4% 2017: 76% 2018: 76.2% (Estimate) 2019: 72.6% (Estimate) |
Public deficit (General government net lending/borrowing as a % of GDP) |
2015: -8.8% 2016: -9.5% 2017: -0.3% 2018: -0.8% (Estimate) 2019: -2.7% (Estimate) |
Market value of publicly traded shares | N/A |
Largest Companies | N/A |
Import/Export
Exports as percent of GDP (Exports of goods and services) |
31.5% (2018) |
---|---|
Shares in world total merchandising export |
0.01% (2018) |
Shares in world total commercial services export |
0.009% (2018) |
Total exports |
USD 1.7 billion (2018 estimate) |
Export commodities |
Reexports, cotton, phosphates, coffee, cocoa |
Total imports |
USD 2.6 billion (2018 estimate) |
Import commodities |
Machinery and equipment, foodstuffs, petroleum products |
Exports – major partners |
Benin 16.7%, Burkina Faso 15.2%, Niger 8.9%, India 7.3%, Mali 6.7%, Ghana 5.5%, Cote dIvoire 5.4%, Nigeria 4.1% (2017) |
Imports – major partners |
China 27.5%, France 9.1%, Netherlands 4.4%, Japan 4.3% (2017) |
Competitiveness & Trade
Current account balance |
USD -0.3 billion (2018 estimate) |
---|---|
Current account balance by percentage of GDP |
-4.9% (2018 estimate) |
FDI inflows |
2016: USD -46 million 2017: USD 88 million 2018: USD 102 million |
FDI Outflows |
2016: USD 257 million 2017: USD -32 million 2018: USD 259 million |
Value of cross-border M&A, by country of purchaser |
N/A United Nations Conference on Trade and Development (UNCTAD) – World Investment Report |
Cross-border M&A deals worth over $3 billion completed in 2014 | N/A |
Cross-border M&A deals worth over $3 billion completed in 2015 | N/A |
Best countries for doing business |
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. Overall ranking: 97 out of 190 countries (2019) Subcategories: Starting a Business: 15 out of 190 countries Dealing with Construction Permits: 127 out of 190 countries Getting Electricity: 99 out of 190 countries Registering Property: 56 out of 190 countries Getting Credit: 48 out of 190 countries Protecting Minority Investors: 120 out of 190 countries Paying Taxes: 174 out of 190 countries Trading across Borders: 131 out of 190 countries Enforcing Contracts: 140 out of 190 countries Resolving Insolvency: 88 out of 190 countries |
Global competitiveness ranking | N/A |
Index of Economic Freedom |
Ranking: 158 / Score: 50.3 (Mostly unfree) (2019) (100=totally free 0=totally repressed) |
Population & Geographic Data
Time Zone |
UTC 0 |
---|---|
Total Area |
56,785 sq km |
Total Population |
1990: 3.79 million 2000: 4.97 million 2010: 6.5 million 2015: 7.42 million 2020: 8.4 million (Estimate) |
Urban population as % of total population |
1960: 10.1% 1980: 24.7% 2000: 32.9% 2018: 41.7% |
Population median age |
19.9 years (2019 estimate) |
Population growth rate |
2.61% (2018 estimate) |
Life expectancy |
65.8 years (2018 estimate) |
% of population living on less than $3.10 a day |
73.2% (2015) |
Inequality of wealth distribution (Gini index) |
43.1 (2015) (0=perfect equality, 100=absolute inequality) |
Freedom House rating |
Political Rights: 5 Civil Liberties: 4 (2019) (1 represents the most free, 7 the least free rating) |
Total telephone subscribers as % of population |
Fixed 0.5% Mobile 77.9% (2018) (fixed-telephone subscribers and mobile-cellular subscribers) |
Internet users as % of total population |
12.36% (2017) |
Language & Religon
Languages |
French (official, the language of commerce), Ewe and Mina (the two major African languages in the south), Kabye (sometimes spelled Kabiye) and Dagomba (the two major African languages in the north) |
---|---|
Literacy |
Total population: 63.7% Male: 77.3% Female: 51.2% (2015 est.) (age 15 and over can read and write) |
Religions |
Christian 43.7%, folk 35.6%, Muslim 14%, none 6.2%, Hindu <.1%, Buddhist <.1%, Jewish <.1% (2010 est.) |
World Rankings
Population | 8.4 M |
---|---|
Mercer Cost of living index |
Lome: 145th (2019) |
C02 Emissions per capita |
0.37 (2014) |
Global Finance Rankings & Awards: Togo
Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000