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    Togo Econom�a 2000

      Econom�a - descripci�n: This small sub-Saharan economy is heavily dependent on both commercial and subsistence agriculture, which provides employment for 65% of the labor force. Cocoa, coffee, and cotton together generate about 30% of export earnings. Togo is self-sufficient in basic foodstuffs when harvests are normal, with occasional regional supply difficulties. In the industrial sector, phosphate mining is by far the most important activity, although it has suffered from the collapse of world phosphate prices and increased foreign competition. Togo serves as a regional commercial and trade center. 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 stalled. Political unrest, including private and public sector strikes throughout 1992 and 1993, jeopardized the reform program, shrunk the tax base, and disrupted vital economic activity. The 12 January 1994 devaluation of the currency by 50% provided an important impetus to renewed structural adjustment; these efforts were facilitated by the end of strife in 1994 and a return to overt political calm. Progress depends on following through on privatization, increased openness in government financial operations (to accommodate increased social service outlays), and possible downsizing of the military, on which the regime has depended to stay in place. Lack of aid, along with depressed cocoa prices, generated a 1% fall in GDP in 1998, with growth resuming in 1999. Assuming no deterioration of the political atmosphere, growth should rise to 5% a year in 2000-01.

      Producto Bruto Interno (PBI): purchasing power parity - $8.6 billion (1999 est.)

      PBI - Indice de Incremento real: 4% (1999 est.)

      PBI - por capital: purchasing power parity - $1,700 (1999 est.)

      PBI - Composici�n por Sector:
      agriculture: 42%
      industry: 21%
      services: 37% (1997)

      Poblaci�n bajo linea de pobertad: 32% (1987-89 est.)

      Ingreso en casa o porcentage de consumci�n:
      lowest 10%: NA%
      highest 10%: NA%

      Indice de Inflaci�n (precios del consumidor): 3% (1999 est.)

      Fuerza Laboral: 1.538 million (1993 est.)

      Fuerza Laboral - por ocupaci�n: agriculture 65%, industry 5%, services 30% (1998 est.)

      Indice de desempleo: NA%

      revenues: $232 million
      expenditures: $252 million, including capital expenditures of $NA (1997 est.)

      Industrias: phosphate mining, agricultural processing, cement; handicrafts, textiles, beverages

      Industrial production growth rate: NA%

      Electricidad - Producci�n: 90 million kWh (1998)

      Electricidad - producci�n por fuente:
      fossil fuel: 93.33%
      hydro: 6.67%
      nuclear: 0%
      other: 0% (1998)

      Electricidad - consumci�n: 434 million kWh (1998)

      Electricidad - exportaciones: 0 kWh (1998)

      Electricidad - importaciones: 350 million kWh (1998)
      note: imports electricity from Ghana

      Agricultura - productos: coffee, cocoa, cotton, yams, cassava (tapioca), corn, beans, rice, millet, sorghum; livestock; fish

      Exportaciones: $400 million (f.o.b., 1999)

      Exporationes - comodidades: cotton, phosphates, coffee, cocoa

      Exportaciones - socios: Canada, Philippines, Ghana, France (1998)

      Importaciones: $450 million (f.o.b., 1999)

      Importaciones - comodidades: machinery and equipment, foodstuffs, petroleum products

      Importaciones - socios: Ghana, France, Cote d'Ivoire, China (1998)

      Deuda - externa: $1.3 billion (1997)

      Ayuda economica - recipiente: $201.1 million (1995)

      Moneda: 1 Communaute Financiere Africaine franc (CFAF) = 100 centimes

      Indice de intercambio: Communaute Financiere Africaine francs (CFAF) per US$1 - 647.25 (January 2000), 615.70 (1999) 589.95 (1998), 583.67 (1997), 511.55 (1996), 499.15 (1995)
      note: since 1 January 1999, the CFAF is pegged to the euro at a rate of 655.957 CFA francs per euro

      A�o Fiscal: calendar year

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    Revisto 01-Nov-00
    Copyright © 2000 Photius Coutsoukis (all rights reserved)