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Togo Economy 2011
https://theodora.com/wfb2011/togo/togo_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















Togo Economy 2011
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 12, 2011

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):
$5.927 billion (2010 est.)
country comparison to the world: 156

$5.738 billion (2009 est.)
$5.565 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$3.074 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3.3% (2010 est.)
country comparison to the world: 107

3.1% (2009 est.)
1.8% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$900 (2010 est.)
country comparison to the world: 221

$900 (2009 est.)
$900 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
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 ]

Labor force:
2.595 million (2007)
country comparison to the world: 109
[see also: Labor force country ranks ]

Labor force - by occupation:
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 ]

Unemployment rate:
NA%
[see also: Unemployment rate country ranks ]

Population below poverty line:
32% (1989 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
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 ]

Investment (gross fixed):
18.2% of GDP (2009 est.)
country comparison to the world: 107
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $602.3 million
[see also: Budget - revenues country ranks ]
expenditures: $692.1 million (2009 est.)
[see also: Budget - expenditures country ranks ]

Inflation rate (consumer prices):
2.6% (2010 est.)
country comparison to the world: 78

2% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
4.25% (31 December 2009)
country comparison to the world: 94

4.75% (31 December 2008)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
NA% (31 December 2009 est.)

NA% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$754.5 million (31 December 2010 est)

$789.7 million (31 December 2009 est)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.238 billion (31 December 2010 est.)

$1.306 billion (31 December 2009 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$817.7 million (31 December 2010 est.)
country comparison to the world: 154

$862.4 million (31 December 2009 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

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:
2.5% (2009 est.)
country comparison to the world: 123
[see also: Industrial production growth rate country ranks ]

Electricity - production:
230 million kWh (2007 est.)
country comparison to the world: 176
[see also: Electricity - production country ranks ]

Electricity - consumption:
640 million kWh (2007 est.)
country comparison to the world: 153
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
514 million kWh; note - electricity supplied by Ghana (2007 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
0 bbl/day (2009 est.)
country comparison to the world: 126
[see also: Oil - production country ranks ]

Oil - consumption:
21,000 bbl/day (2009 est.)
country comparison to the world: 124
[see also: Oil - consumption country ranks ]

Oil - exports:
1,547 bbl/day (2005)
country comparison to the world: 119
[see also: Oil - exports country ranks ]

Oil - imports:
15,270 bbl/day (2007 est.)
country comparison to the world: 123
[see also: Oil - imports country ranks ]

Oil - proved reserves:
0 bbl (1 January 2010 est.)
country comparison to the world: 113
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
0 cu m (2008 est.)
country comparison to the world: 119
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2008 est.)
country comparison to the world: 169
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 109
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 124
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
0 cu m (1 January 2010 est.)
country comparison to the world: 127
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$339 million (2010 est.)
country comparison to the world: 103

-$236 million (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$859 million (2010 est.)
country comparison to the world: 156

$818 million (2009 est.)
[see also: Exports country ranks ]

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

Exports - partners:
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)

Imports:
$1.337 billion (2010 est.)
country comparison to the world: 167

$1.261 billion (2009 est.)
[see also: Imports country ranks ]

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

Imports - partners:
China 36.58%, France 8.64%, Netherlands 6.76%, India 5.06%, US 4.4% (2009)

Reserves of foreign exchange and gold:
$686 million (31 December 2010 est.)
country comparison to the world: 116

$703.2 million (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$NA (31 December 2010)

$1.573 billion (31 December 2008 est.)
[see also: Debt - external country ranks ]

Exchange rates:
Communaute Financiere Africaine francs (XOF) per US dollar - 507.71 (2010), 472.19 (2009), 447.81 (2008), 482.71 (2007), 522.59 (2006)


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.






This page was last modified 09-Feb-11
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