Economy - overview:
This small, sub-Saharan economy depends heavily on both commercial and subsistence agriculture, which provides employment for a significant share 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 among the world's largest producers of phosphate and Togo seeks to develop its carbonate phosphate reserves. 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. Foreign direct investment inflows have slowed over recent years. Togo completed its IMF Extended Credit Facility in 2011 and reached a HIPC 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.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): Gross national saving: GDP - composition, by end use:
GDP - composition, by sector of origin:
Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation:
Unemployment rate: Population below poverty line: Household income or consumption by percentage share:
Budget:
Taxes and other revenues: Budget surplus (+) or deficit (-): Fiscal year: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
$7.348 billion (2013 est.)
country comparison to the world: 160
$6.964 billion (2012 est.)
$6.594 billion (2011 est.)
note:
data are in 2013 US dollars
[see also: GDP country ranks ]
$4.299 billion (2013 est.)
[see also: GDP (official exchange rate) country ranks ]
5.5% (2013 est.)
country comparison to the world: 46
5.6% (2012 est.)
4.8% (2011 est.)
[see also: GDP - real growth rate country ranks ]
$1,100 (2013 est.)
country comparison to the world: 217
$1,100 (2012 est.)
$1,100 (2011 est.)
note:
data are in 2013 US dollars
[see also: GDP - per capita country ranks ]
9.8% of GDP (2013 est.)
country comparison to the world: 136
8.7% of GDP (2012 est.)
10.7% of GDP (2011 est.)
[see also: Gross national saving country ranks ]
household consumption:
87.5%
government consumption:
9.7%
investment in fixed capital:
18.7%
investment in inventories:
1.2%
exports of goods and services:
36.9%
imports of goods and services:
-54%
(2013 est.)
agriculture:
27.6%
industry:
33.7%
services:
38.7% (2013 est.)
coffee, cocoa, cotton, yams, cassava (manioc, tapioca), corn, beans, rice, millet, sorghum; livestock; fish
phosphate mining, agricultural processing, cement, handicrafts, textiles, beverages
5.1% (2013 est.)
country comparison to the world: 54
[see also: Industrial production growth rate country ranks ]
2.595 million (2007)
country comparison to the world: 111
[see also: Labor force country ranks ]
agriculture:
65%
industry:
5%
services:
30% (1998 est.)
NA%
[see also: Unemployment rate country ranks ]
32% (1989 est.)
[see also: Population below poverty line country ranks ]
lowest 10%:
3.3%
highest 10%:
27.1% (2006)
revenues:
$825.8 million
expenditures:
$983 million (2013 est.)
19.2% of GDP (2013 est.)
country comparison to the world: 170
[see also: Taxes and other revenues country ranks ]
-3.7% of GDP (2013 est.)
country comparison to the world: 139
[see also: Budget surplus (+) or deficit (-) country ranks ]
calendar year
2.2% (2013 est.)
country comparison to the world: 78
2.6% (2012 est.)
[see also: Inflation rate (consumer prices) country ranks ]
2.5% (31 December 2010 est.)
country comparison to the world: 90
4.25% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]
NA%
[see also: Commercial bank prime lending rate country ranks ]
$1.138 billion (31 December 2013 est.)
country comparison to the world: 146
$1.057 billion (31 December 2012 est.)
[see also: Stock of narrow money country ranks ]
$1.971 billion (31 December 2013 est.)
country comparison to the world: 152
$1.819 billion (31 December 2012 est.)
[see also: Stock of broad money country ranks ]
$1.594 billion (31 December 2013 est.)
country comparison to the world: 139
$1.471 billion (31 December 2012 est.)
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
-$355.1 million (2013 est.)
country comparison to the world: 94
-$372.2 million (2012 est.)
[see also: Current account balance country ranks ]
$982.2 million (2013 est.)
country comparison to the world: 161
$960.5 million (2012 est.)
[see also: Exports country ranks ]
reexports, cotton, phosphates, coffee, cocoa
India 14.2%, Lebanon 10.6%, Burkina Faso 7.6%, Benin 7.5%, China 6.1%, Niger 5.8%, Netherlands 5.2%, Ghana 4.4% (2012)
$1.677 billion (2013 est.)
country comparison to the world: 168
$1.604 billion (2012 est.)
[see also: Imports country ranks ]
machinery and equipment, foodstuffs, petroleum products
China 40.4%, Netherlands 7.9%, France 5.4%, UK 5.3% (2012)
$531.4 million (31 December 2013 est.)
country comparison to the world: 146
$441.6 million (31 December 2012 est.)
[see also: Reserves of foreign exchange and gold country ranks ]
$719 million (31 December 2013 est.)
country comparison to the world: 168
$658.1 million (31 December 2012 est.)
[see also: Debt - external country ranks ]
Communaute Financiere Africaine francs (XOF) per US dollar -
500.7 (2013 est.)
510.53 (2012 est.)
495.28 (2010 est.)
472.19 (2009)
447.81 (2008)