Economy of Togo
Population: 7.89 M (2018)
GDP per Capita: 679 USD (2018)
5,360 M.

GDP USD

(2018)

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1,680 M.

EXPORTS USD

(2018)

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2,270 M.

IMPORTS USD

(2018)

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76.15 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 4.91 % (2018)
GDP of 2010 USD USD 5.30 B. (2018)
GDP Current USD USD 5.36 B. (2018)
GDP per Capita Current USD USD 679 (2018)
GDP per capita, PPP USD 1,574 (2018)
GDP per Capita, 2010 USD USD 676 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 18.59 % (2018)
Government Spending USD 1.00 B. (2018)
Government Debt % GDP 76.15 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 115.32 (2018)
Trade Openness 73.61 % (2018)
Exports of Goods and Services % GDP 31.32 % (2018)
Exports Goods & Services USD 1.68 B. (2018)
Exports Annual Growth 5.26 % (2017)
Imports as % GDP 42.29 % (2018)
Total Imports USD 2.27 B. (2018)
Foreign Direct Investment % GDP 1.90 % (2018)
Foreign Direct Investment USD 0.10 B. (2018)
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP -10.97 % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold
Remittances % GDP 8.44 % (2018)
Remittances USD 348 M. (2017)
Balance of Payments USD 4 M. (2017)

Labor Market

Indicator Value
Labor Force 3.70 M. (2019)
Unemployment Rate 1.67 % (2019)
Unemployment Rate Females 1.55 % (2019)
Unemployment Rate Males 2.52 % (2019)
Youth Unemployment (ages 15-24) 2.53 % (2019)
Labor Force Participation Rate 77.55 % (2019)
Labor Force (Percent Female) 49.69 % (2019)
Female Labor Force Participation Rate 75.82 % (2019)
Male Labor Force Participation Rate 79.30 % (2019)
Dependent People 79.22 % (2018)

Agriculture Sector

Indicator Value
Forest Area 3.10 % (2016)
Forest Area km² 1,682 km² (2016)
Agricultural Land 70.23 % (2016)
Agricultural Land km² 38,200 km² (2016)
Employment 34.14 % (2019)
Value added % GDP 23.42 % (2018)
Agriculture Value added USD 1.25 B. (2018)
Crop Production Index 140.90 (2016)
Precipitation 1,168 mm (2014)
Arable Land 49 % (2016)
Cereal Yield 1,139 kg/hectare (2017)
Food production index 145 (2016)
Rural Population 58 % (2018)
Fertilizer use of Arable Land 11 kg/hectare (2016)
Livestock Production Index 143 (2016)
Economy of Togo

According to the World Bank and its latest published data, the economy of the Togo presents a growth rate of 4.91 % (2018) to the previous year.

With a population that reaches 7.89 M (2018) and a gross domestic product of USD 5.36 B. (2018), it translates a Gross Domestic Product per Capita of USD 679 placing its inhabitants on the threshold of an Low-income country (according to the World Bank's updated classification).

Togo also has a workforce of 3.70 M. (2019) with an unemployment rate of 1.67 % (2019), where women represent 1.55 % (2019) and men 2.52 % (2019), the unemployment rate for young people between 15-24 years old stood at 2.53 % (2019). The total number of dependent people stands at 79.22 % (2018).

The central government spent 18.59 % (2018) of its gross domestic product that year, which in absolute terms is USD 1.00 B. (2018). Its consolidated public debt reached 76.15 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Togo exported USD 1.68 B. (2018), which represents 31.32 % (2018) of its gross domestic product, in that same sense its imports reached USD 2.27 B. (2018) with a direct foreign investment of USD 0.10 B. (2018).

Togo has a forest area of 1,682 km² (2016), which represents 3.10 % (2016) of its total area, an average rainfall of 1,168 mm (2014) per year and a population of 58 % (2018) living in rural areas. With a total area of 38,200 km² (2016) available for agriculture and 34.14 % (2019) of its employments, the agricultural sector contributes to the economy of the Togo about USD 1.25 B. (2018) (23.42 % (2018) of its GDP).