Economy - overview:
Togo has enjoyed a period of steady economic growth fueled by political stability and a concerted effort by the government to modernize the country’s commercial infrastructure, but discontent with President Faure GNASSINGBE has led to a rapid rise in protests, creating downside risks. The country completed an ambitious large-scale infrastructure improvement program, including new principal roads, a new airport terminal, and a new seaport. The economy depends heavily on both commercial and subsistence agriculture, providing employment for around 60% of the labor force. Some basic foodstuffs must still be imported. Cocoa, coffee, and cotton and other agricultural products generate about 20% of export earnings with cotton being the most important cash crop. Togo is among the world's largest producers of phosphate and seeks to develop its carbonate phosphate reserves, which provide more than 20% of export earnings.

Supported by the World Bank and the IMF, the government's decade-long effort to implement economic reform measures, encourage foreign investment, and bring revenues in line with expenditures has moved slowly. Togo completed its IMF Extended Credit Facility in 2011 and reached a Heavily Indebted Poor Country debt relief completion point in 2010 at which 95% of the country's debt was forgiven. Togo continues to work with the IMF on structural reforms, and in January 2017, the IMF signed an Extended Credit Facility arrangement consisting of a three-year $238 million loan package. Progress depends on follow through on privatization, increased transparency in government financial operations, progress toward legislative elections, and continued support from foreign donors.

Togo’s 2017 economic growth probably remained steady at 5.0%, largely driven by infusions of foreign aid, infrastructure investment in its port and mineral industry, and improvements in the business climate. Foreign direct investment inflows have slowed in recent years.

GDP (purchasing power parity):
$12.97 billion (2017 est.)
$12.42 billion (2016 est.)
$11.82 billion (2015 est.)
note: data are in 2017 dollars
country comparison to the world (CIA rank, may be based on non-current data): 155
[see also: GDP country ranks ]

GDP (official exchange rate):
$4.767 billion (2017 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
4.4% (2017 est.)
5.1% (2016 est.)
5.7% (2015 est.)
country comparison to the world (CIA rank, may be based on non-current data): 66
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$1,700 (2017 est.)
$1,600 (2016 est.)
$1,600 (2015 est.)
note: data are in 2017 dollars
country comparison to the world (CIA rank, may be based on non-current data): 215
[see also: GDP - per capita country ranks ]

Gross national saving:
16.1% of GDP (2017 est.)
21.8% of GDP (2016 est.)
21.2% of GDP (2015 est.)
country comparison to the world (CIA rank, may be based on non-current data): 129
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 84.5% (2017 est.)
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 11.4% (2017 est.)
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 23.4% (2017 est.)
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: -1.4% (2017 est.)
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 43.1% (2017 est.)
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -61% (2017 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 28.8% (2017 est.)
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 21.8% (2017 est.)
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 49.8% (2017 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

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

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

Industrial production growth rate:
5% (2017 est.)
country comparison to the world (CIA rank, may be based on non-current data): 58
[see also: Industrial production growth rate country ranks ]

Labor force:
2.595 million (2007 est.)
country comparison to the world (CIA rank, may be based on non-current data): 114
[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:
6.9% (2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 105
[see also: Unemployment rate country ranks ]

Population below poverty line:
55.1% (2015 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% (2006)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
46 (2011)
country comparison to the world (CIA rank, may be based on non-current data): 35
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: 1.023 billion (2017 est.)
[see also: Budget - revenues country ranks ]
expenditures: 1.203 billion (2017 est.)
[see also: Budget - expenditures country ranks ]

Taxes and other revenues:
21.5% (of GDP) (2017 est.)
country comparison to the world (CIA rank, may be based on non-current data): 137
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-3.8% (of GDP) (2017 est.)
country comparison to the world (CIA rank, may be based on non-current data): 154
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
75.7% of GDP (2017 est.)
81.6% of GDP (2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 40
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
-0.7% (2017 est.)
0.9% (2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 4
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
2.5% (31 December 2010)
4.25% (31 December 2009)
country comparison to the world (CIA rank, may be based on non-current data): 116
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
5.3% (31 December 2016 est.)
8.29% (31 December 2015 est.)
country comparison to the world (CIA rank, may be based on non-current data): 142
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$1.335 billion (31 December 2017 est.)
$1.119 billion (31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 146
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.335 billion (31 December 2017 est.)
$1.119 billion (31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 154
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$1.95 billion (31 December 2017 est.)
$1.624 billion (31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 152
[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 ]

Current account balance:
-$383 million (2017 est.)
-$416 million (2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 111
[see also: Current account balance country ranks ]

Exports:
$1.046 billion (2017 est.)
$967.4 million (2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 158
[see also: Exports country ranks ]

Exports - 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)

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

Imports:
$1.999 billion (2017 est.)
$2 billion (2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 167
[see also: Imports country ranks ]

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

Imports - partners:
China 27.5%, France 9.1%, Netherlands 4.4%, Japan 4.3% (2017)

Reserves of foreign exchange and gold:
$77.8 million (31 December 2017 est.)
$42.6 million (31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 182
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$1.442 billion (31 December 2017 est.)
$1.22 billion (31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data): 161
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
(31 December 2009 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Exchange rates:
Communaute Financiere Africaine francs (XOF) per US dollar -
617.4 (2017 est.)
593.01 (2016 est.)
593.01 (2015 est.)
591.45 (2014 est.)
494.42 (2013 est.)