Indicators of economy in Togo
The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Togo, on the other hand, reached USD 973 per capita, or 8.41 billion USD for the whole country. Togo is one of the smaller economies and is currently ranked 153. If this is calculated per inhabitant, taking purchasing power parity into account, then Togo ranks 173rd in the list of the richest countries.Inflation in Togo in 2020 was around 1.83%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 56.4 percent lower.
The index for perceived corruption in the public sector is 30, which is rather poor by global standards.
Back to overview: Togo
Impact of the COVID-19 pandemic
Overall, the gross domestic product in Togo in 2020 increased from 7.22 billion US dollars to 7.57 billion US dollars. Certainly, there have been shifts in numerous sectors of the economy, but a 4.9 percent increase has been rather unusual this year. While most countries have suffered significant losses, Togo has certainly held its own. The unemployment rate rose from 3.7 to 3.9 percent. The consumer inflation rate has risen from 0.7 percent previously to 1.8 percent now.Unemployment rates in percentages 1991 - 2021
Economic performance 2021
Togo Total | Togo per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 8.41 bn USD | 973.21 USD | 17.177 tn USD | 33,384.92 USD |
Gross national product | 8.30 bn USD | 960.57 USD | 16.895 tn USD | 32,835.37 USD |
Development of gross domestic product in millions of USD 1960 - 2021
› Debt budget development
› Development of inflation
› Corruption in Togo
› Cost of living in a global comparison
› Development of inflation
› Corruption in Togo
› Cost of living in a global comparison
Imports and Exports 2020
Togo Total | Togo per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 2.39 bn USD | 276.37 USD | 8.916 tn USD | 17,329.02 USD |
Exports | 1.72 bn USD | 199.14 USD | 9.554 tn USD | 18,569.19 USD |
Development of imports and exports in millions of USD 1974 - 2020
Exports
Imports