World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2019, building on the lifetimes work of Angus Maddison. While industry and services play a role, the economy is dependent on subsistence agriculture, with industrialization and regional banking suffering major setbacks. Please check your download folder. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Gross Domestic Product of Togo grew 4.9% in 2018 compared to last year. Population, GDP, life expectancy, birth rate and other key metrics for Togo. Togo The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. After slowing in 2017, a reflection of political tensions and a sharp fiscal contraction, Togo’s economic growth picked up in 2018 to 4.9% (2.3% per capita). We have provided a few examples below that you can copy and paste to your site:Your data export is now complete. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic.If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. The statistic shows the growth in real GDP in Togo from 2009 to 2016, with projections up until 2021. The description is composed by our digital data assistant. GDP in Togo is expected to reach 4.70 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. Togo gdp for 2018 was … While industry and services play a role, the economy is dependent on subsistence agriculture, with industrialization and regional banking suffering major setbacks. Non-tariff barriers impede some trade. Togo GDP growth was at level of 5.3 percent change in 2019, up from 4.91 percent change previous year. GDP growth rate (2017) 4.40%. In the long-term, the Togo GDP is projected to trend around 5.20 USD Billion in 2021 and 5.40 USD Billion in 2022, … Capital transactions are subject to some controls or government approval. Progress depends on follow through on privatization, increased transparency in government financial operations, progress toward legislative elections, and continued support from foreign donors.The majority of the Togolese population depends on subsistence agriculture. Despite insufficient rainfall in some areas, the Encouraged by the commodity boom of the mid-1970s, which resulted in a fourfold increase in phosphate prices and sharply increased government revenues, Togo embarked on an overly ambitious program of large investments in While Togo itself produces no crude oil, it is the namesake of an illegal market for stolen oil off the Togo turned to the IMF for assistance in 1979, while simultaneously implementing a stringent adjustment effort with the help of a series of IMF standby programs, Togo returned to the Paris Club in 1995 and received Trade is extremely important to Togo’s economy; the combined value of exports and imports equals 105 percent of GDP. Foreign direct investment inflows have slowed in recent years. The absolute value of GDP in Togo rose €268 $536 million with respect to 2017. Its agricultural products includes coffee, cocoa, cotton, yams, cassava (tapioca), corn, beans, rice, pearl millet, sorghum and livestock such as fish. Our tools allow individuals and organizations to discover, visualize, model, and present their data and the world’s data to facilitate better decisions and better outcomes.
Government openness to foreign investment is above average. Aggregates are based on constant 2010 U.S. dollars. Year-on-year GDP growth for the OECD area was minus 10.9% in the second quarter of 2020, following growth of minus 0.9% in the previous quarter. Togo’s president, Faure Gnassingbé, will remain in power over the 2020-21 forecast period thanks to his control of the security forces. This recovery was driven largely by the rebound in public investment and robust growth in the services sector. GDP growth (annual %) - Togo. Agriculture is the most important sector of the economy: it employs 70 percent of active population and accounts for over 40 percent of GDP. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic.If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. The International Monetary Fund (IMF) ranks it as the tenth poorest country in the world, with development undercut by political instability, lowered commodity prices, and external debts. 1961-2020 Data | 2021-2022 Forecast | Historical | ChartDownload historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. Please check your download folder. Annual percentage growth rate of GDP at market prices based on constant local currency. GDP (purchasing power parity): $12.97 billion (2017 est.) Togo is one of the poorest countries in the world. Growth will contract by 3.6% in 2020, owing to the global coronavirus outbreak, but the country will emerge from recession slowly in 2021 as exports start to recover. Togo’s 2017 economic growth probably remained steady at 5.0%, largely driven by infusions of foreign aid, infrastructure investment in its port and mineral industry, and improvements in the business climate. Togo’s economy slowed to 5% growth in 2016 from 5.3% in 2015, due to lower government investment and less port activity. We have provided a few examples below that you can copy and paste to your site:Your image export is now complete. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The economy of Togo has struggled greatly. In recent years, foreign direct investment has increased due to exploration of large reserves of limestone, marble and phosphate. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education that prevail in the country where she lives. The Togolese economy is rated mostly unfree for the second consecutive year. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.