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Indicators of economy in Togo

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Togo reached 915 US dollars per inhabitant, or 7.57 bn US Dollar in the whole country. Togo is one of the smaller economies and is currently ranked 152. If this is calculated per inhabitant taking into account the purchasing power parity, then Togo is in the list of the world's richest countries in place 176.

Inflation in Togo was in 2020 at around 1.83%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 56.4% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Togo

Impact of the Covid-19 pandemic in 2020

Overall, the gross domestic product in Togo in 2020 increased from 7.22 billion US Dollar to 7.57 billion US Dollar. 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% previously to 1.8% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Togo
Total
Togo
per capita
EU
Total
EU
per capita
GDP7.57 bn USD914.95 USD15,291.93 tn USD29,692.11 USD
Gross national product7.63 bn USD921.40 USD15,330.84 tn USD29,767.66 USD


Development of gross domestic product in million US Dollar 1960 - 2020



Im- and Exports 2020

 Togo
Total
Togo
per capita
EU
Total
EU
per capita
Imports2.26 bn USD273.08 USD7,340.01 bn USD14,251.98 USD
Exports1.67 bn USD201.13 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in million US dollars 1974 - 2020

Exports
Imports



Togo: AirportsThe 1 airports in TogoLomé-Tokoin Airport - the only public airport in Togo with further information on airlines and destinations
Pariah StatesList of the 11 current Pariah States11 countries, which suffer from the sanctions of the international community because of their mostly autocratic government.
United States: Public HolidaysPublic holidays in the United States 2022-2026Statutory and inofficial holidays in the United States for 2022 to 2026