Countries
Togo
Key Economic Indicators
$32.02 billion
$3,365
6.53%
2.86%
2%
$9.926 billion (2024 est.)
81.6% of GDP (2016 est.)
-$184.852 million (2018 est.)
Economic Overview
low-income West African economy; primarily agrarian economy; has a deep-water port; growing international shipping locale; improving privatization and public budgeting transparency; key phosphate mining industry; extremely high rural poverty
All Economic Data
Agricultural products
cassava, maize, yams, sorghum, soybeans, beans, rice, vegetables, oil palm fruit, cotton (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Budget
Expenditures:
$2.407 billion (2023 est.)
Note:
<b>note:</b> central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated
Revenues:
$1.801 billion (2023 est.)
Currency
code:
XOF
name:
West African CFA franc (XOF) [Fr]
Current account balance
Current account balance 2018:
-$184.852 million (2018 est.)
Current account balance 2019:
-$55.444 million (2019 est.)
Current account balance 2020:
-$20.738 million (2020 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Debt - external
$4.29 billion
Debt - external 2023:
$1.923 billion (2023 est.)
Note:
<b>note:</b> present value of external debt in current US dollars
Exchange rates
Currency:
Communaute Financiere Africaine francs (XOF) per US dollar -
Exchange rates 2020:
575.586 (2020 est.)
Exchange rates 2021:
554.531 (2021 est.)
Exchange rates 2022:
623.76 (2022 est.)
Exchange rates 2023:
606.57 (2023 est.)
Exchange rates 2024:
606.345 (2024 est.)
Exports
$2.16 billion
Exports 2018:
$1.703 billion (2018 est.)
Exports 2019:
$1.665 billion (2019 est.)
Exports 2020:
$1.722 billion (2020 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
gold, refined petroleum, soybeans, phosphates, coconuts/brazil nuts/cashews (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
UAE 40%, India 13%, Angola 13%, Burkina Faso 4%, Cote d'Ivoire 3% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$83.75 million
GDP - composition, by end use
Exports of goods and services:
24.4% (2024 est.)
Government consumption:
13.1% (2024 est.)
Household consumption:
78.3% (2024 est.)
Imports of goods and services:
-38.1% (2024 est.)
Investment in fixed capital:
22.3% (2024 est.)
Investment in inventories:
0% (2024 est.)
Note:
<strong>note:</strong> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
18% (2024 est.)
Industry:
20% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
52% (2024 est.)
GDP (official exchange rate)
$9.926 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$1,119
Gini Index coefficient - distribution of family income
43.1 (2015)
Gini Index coefficient - distribution of family income 2021:
37.9 (2021 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$10.68 billion
GNI per capita
$1,080
Gross domestic investment
24 % of GDP
Household income or consumption by percentage share
Highest 10%:
29.6% (2021 est.)
Lowest 10%:
2.8% (2021 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$3.16 billion
Imports 2018:
$2.329 billion (2018 est.)
Imports 2019:
$2.261 billion (2019 est.)
Imports 2020:
$2.389 billion (2020 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
refined petroleum, garments, rice, palm oil, motorcycles and cycles (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
China 26%, India 26%, Belgium 6%, Netherlands 6%, USA 3% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
4.2% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
phosphate mining, agricultural processing, cement, handicrafts, textiles, beverages
Inflation rate (consumer prices)
2.86%
Inflation rate (consumer prices) 2022:
7.6% (2022 est.)
Inflation rate (consumer prices) 2023:
5.3% (2023 est.)
Inflation rate (consumer prices) 2024:
2.9% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
3.345 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
3.42 million persons
Labor force - by occupation
agriculture:
37.59%
industry:
18.16%
services:
44.25%
Population below poverty line
45.5% (2018 est.)
note:
<b>note:</b> % of population with income below national poverty line
Public debt
Public debt 2016:
81.6% of GDP (2016 est.)
Real GDP (purchasing power parity)
$32.02 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$24.199 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$25.75 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$27.115 billion (2024 est.)
Real GDP growth rate
6.53%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
5.8% (2022 est.)
Real GDP growth rate 2023:
6.4% (2023 est.)
Real GDP growth rate 2024:
5.3% (2024 est.)
Real GDP per capita
$3,365
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$2,700 (2022 est.)
Real GDP per capita 2023:
$2,800 (2023 est.)
Real GDP per capita 2024:
$2,800 (2024 est.)
Remittances
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2021:
7.8% of GDP (2021 est.)
Remittances 2022:
8% of GDP (2022 est.)
Remittances 2023:
7.1% of GDP (2023 est.)
Revenue (excl grants)
16 % of GDP
Tax revenue
14 % of GDP
Taxes and other revenues
14.8% (of GDP) (2023 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
2%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
2% (2022 est.)
Unemployment rate 2023:
2% (2023 est.)
Unemployment rate 2024:
2% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
3.5% (2024 est.)
Male:
3.3% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
3.4% (2024 est.)
World Bank Indicators
Currency
Tongan paanga (TOP) T$ (2025)
Gini Index
37.60 (2015)
Languages
English, Tongan (2025)
Economic Rankings
Gini Index
#44
GDP Growth Rate
#53
External Debt
#88
Inflation Rate
#116
GDP (PPP)
#146
GDP (Nominal)
#151
Imports
#157
Exports
#159
Unemployment Rate
#165
GDP per Capita
#170
Quick Facts
Industries
phosphate mining, agricultural processing, cement, handicrafts, textiles, beverages
Agricultural products
cassava, maize, yams, sorghum, soybeans, beans, rice, vegetables, oil palm fruit, cotton (2023)
Labor force
3.345 million (2024 est.)
Exports - partners
UAE 40%, India 13%, Angola 13%, Burkina Faso 4%, Cote d'Ivoire 3% (2023)
Imports - partners
China 26%, India 26%, Belgium 6%, Netherlands 6%, USA 3% (2023)
Exchange rates
Communaute Financiere Africaine francs (XOF) per US dollar -
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