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    Togo Index 2006

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    Togo Economy - 2006
    https://theodora.com/wfbcurrent/togo/togo_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      Economy - overview:
      This small, sub-Saharan economy is heavily dependent on both commercial and subsistence agriculture, which provides employment for 65% of the labor force. Some basic foodstuffs must still be imported. Cocoa, coffee, and cotton generate about 40% of export earnings, with cotton being the most important cash crop. Togo is the world's fourth-largest producer of phosphate. The government's decade-long effort, supported by the World Bank and the IMF, to implement economic reform measures, encourage foreign investment, and bring revenues in line with expenditures has moved slowly. Progress depends on follow-through on privatization, increased openness in government financial operations, progress toward legislative elections, and continued support from foreign donors. Togo is working with donors to write a PRGF that could eventually lead to a debt reduction plan.

      GDP (purchasing power parity):
      $8.948 billion (2005 est.)

      GDP (official exchange rate):
      $2.019 billion (2005 est.)

      GDP - real growth rate:
      2.5% (2005 est.)

      GDP - per capita (PPP):
      $1,700 (2005 est.)

      GDP - composition by sector:
      agriculture: 39.5%
      industry: 20.4%
      services: 40.1% (2003 est.)

      Labor force:
      1.74 million (1996)

      Labor force - by occupation:
      agriculture: 65%
      industry: 5%
      services: 30% (1998 est.)

      Unemployment rate:
      NA%

      Population below poverty line:
      32% (1989 est.)

      Household income or consumption by percentage share:
      lowest 10%: NA%
      highest 10%: NA%

      Inflation rate (consumer prices):
      5.5% (2005 est.)

      Investment (gross fixed):
      21.9% of GDP (2005 est.)

      Budget:
      revenues: $251.3 million
      expenditures: $292.9 million; including capital expenditures of $NA (2005 est.)

      Agriculture - products:
      coffee, cocoa, cotton, yams, cassava (tapioca), corn, beans, rice, millet, sorghum; livestock; fish

      Industries:
      phosphate mining, agricultural processing, cement, handicrafts, textiles, beverages

      Industrial production growth rate:
      NA%

      Electricity - production:
      165.9 million kWh (2003)

      Electricity - consumption:
      654.3 million kWh (2003)

      Electricity - exports:
      0 kWh (2003)

      Electricity - imports:
      500 million kWh; note - electricity supplied by Ghana (2003)

      Oil - production:
      0 bbl/day (2003 est.)

      Oil - consumption:
      8,500 bbl/day (2003 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      0 cu m (2003 est.)

      Current account balance:
      -$223 million (2005 est.)

      Exports:
      $768 million f.o.b. (2005 est.)

      Exports - commodities:
      reexports, cotton, phosphates, coffee, cocoa

      Exports - partners:
      Burkina Faso 16.4%, Ghana 15.1%, Benin 9.4%, Mali 7.6%, China 7.5%, India 5.6% (2004)

      Imports:
      $1.047 billion f.o.b. (2005 est.)

      Imports - commodities:
      machinery and equipment, foodstuffs, petroleum products

      Imports - partners:
      China 24.5%, India 12.7%, France 11%, Cote d'Ivoire 6.4% (2004)

      Reserves of foreign exchange and gold:
      $331 million (2005 est.)

      Debt - external:
      $2 billion (2005)

      Economic aid - recipient:
      ODA, $80 million (2000 est.)

      Currency (code):
      Communaute Financiere Africaine franc (XOF); note - responsible authority is the Central Bank of the West African States

      Exchange rates:
      Communaute Financiere Africaine francs (XOF) per US dollar - 527.47 (2005), 528.29 (2004), 581.2 (2003), 696.99 (2002), 733.04 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Togo on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Togo Economy 2006 information contained here. All suggestions for corrections of any errors about Togo Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/togo/togo_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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