Economy - overview:
This small, sub-Saharan economy suffers from anemic economic growth and depends heavily 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 on track with its IMF Extended Credit Facility and reached a HIPC debt relief completion point in 2010 at which 95% of the country's debt was forgiven. Economic growth prospects remain marginal due to declining cotton production and underinvestment in phosphate mining.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Investment (gross fixed): Budget: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Oil - proved reserves: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
NOTE: The information regarding Togo on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Togo Economy 2011 information contained here. All suggestions for corrections of any errors about Togo Economy 2011 should be addressed to the CIA.
$5.927 billion (2010 est.)
country comparison to the world: 156
note:
data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]
$3.074 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]
3.3% (2010 est.)
country comparison to the world: 107
[see also: GDP - real growth rate country ranks ]
$900 (2010 est.)
country comparison to the world: 221
note:
data are in 2010 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 47.4%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
25.4%
[see also: GDP - composition by sector - industry country ranks ]
services:
27.2% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]
2.595 million (2007)
country comparison to the world: 109
[see also: Labor force country ranks ]
agriculture: 65%
[see also: Labor force - by occupation - agriculture country ranks ]
industry:
5%
[see also: Labor force - by occupation - industry country ranks ]
services:
30% (1998 est.)
[see also: Labor force - by occupation - services country ranks ]
NA%
[see also: Unemployment rate country ranks ]
32% (1989 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: 3.3%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
27.1%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
18.2% of GDP (2009 est.)
country comparison to the world: 107
[see also: Investment (gross fixed) country ranks ]
revenues: $602.3 million
[see also: Budget - revenues country ranks ]
expenditures:
$692.1 million (2009 est.)
[see also: Budget - expenditures country ranks ]
2.6% (2010 est.)
country comparison to the world: 78
[see also: Inflation rate (consumer prices) country ranks ]
4.25% (31 December 2009)
country comparison to the world: 94
[see also: Central bank discount rate country ranks ]
NA% (31 December 2009 est.)
[see also: Commercial bank prime lending rate country ranks ]
$754.5 million (31 December 2010 est)
[see also: Stock of narrow money country ranks ]
$1.238 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]
$817.7 million (31 December 2010 est.)
country comparison to the world: 154
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
coffee, cocoa, cotton, yams, cassava (tapioca), corn, beans, rice, millet, sorghum; livestock; fish
phosphate mining, agricultural processing, cement, handicrafts, textiles, beverages
2.5% (2009 est.)
country comparison to the world: 123
[see also: Industrial production growth rate country ranks ]
230 million kWh (2007 est.)
country comparison to the world: 176
[see also: Electricity - production country ranks ]
640 million kWh (2007 est.)
country comparison to the world: 153
[see also: Electricity - consumption country ranks ]
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]
514 million kWh; note - electricity supplied by Ghana (2007 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 126
[see also: Oil - production country ranks ]
21,000 bbl/day (2009 est.)
country comparison to the world: 124
[see also: Oil - consumption country ranks ]
1,547 bbl/day (2005)
country comparison to the world: 119
[see also: Oil - exports country ranks ]
15,270 bbl/day (2007 est.)
country comparison to the world: 123
[see also: Oil - imports country ranks ]
0 bbl (1 January 2010 est.)
country comparison to the world: 113
[see also: Oil - proved reserves country ranks ]
0 cu m (2008 est.)
country comparison to the world: 119
[see also: Natural gas - production country ranks ]
0 cu m (2008 est.)
country comparison to the world: 169
[see also: Natural gas - consumption country ranks ]
0 cu m (2008 est.)
country comparison to the world: 109
[see also: Natural gas - exports country ranks ]
0 cu m (2008 est.)
country comparison to the world: 124
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2010 est.)
country comparison to the world: 127
[see also: Natural gas - proved reserves country ranks ]
-$339 million (2010 est.)
country comparison to the world: 103
[see also: Current account balance country ranks ]
$859 million (2010 est.)
country comparison to the world: 156
[see also: Exports country ranks ]
reexports, cotton, phosphates, coffee, cocoa
Germany 17.57%, Ghana 12.74%, Burkina Faso 11.02%, India 10.22%, Belgium 7.1%, Benin 6.92%, Netherlands 5.94%, Mali 4.41% (2009)
$1.337 billion (2010 est.)
country comparison to the world: 167
[see also: Imports country ranks ]
machinery and equipment, foodstuffs, petroleum products
China 36.58%, France 8.64%, Netherlands 6.76%, India 5.06%, US 4.4% (2009)
$686 million (31 December 2010 est.)
country comparison to the world: 116
[see also: Reserves of foreign exchange and gold country ranks ]
$NA (31 December 2010)
[see also: Debt - external country ranks ]
Communaute Financiere Africaine francs (XOF) per US dollar - 507.71 (2010), 472.19 (2009), 447.81 (2008), 482.71 (2007), 522.59 (2006)
This page was last modified 09-Feb-11