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Togo

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

Inflation & Debt

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

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