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FACTS & STATISTICS
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Agriculture > products
coffee, cocoa, cotton, yams, cassava, corn, beans, rice, millet, sorghum; livestock; fish |
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Aid as % of GDP
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5.7% |
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[44th of 129]
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Debt > External
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$2,000,000,000.00 |
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[113rd of 136]
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Economic freedom
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1.4 |
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[130th of 156]
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Economy > Overview
This small, sub-Saharan economy is heavily dependent on both commercial and subsistence agriculture, which provides employment for 65% 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 the world's fourth-largest producer of phosphate. 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. Togo is working with donors to write a Poverty Reduction and Growth Facility (PRGF) that could eventually lead to a debt reduction plan. Economic growth remains marginal due to declining cotton production, underinvestment in phosphate mining, and strained relations with donors. |
Exchange rates
Communaute Financiere Africaine francs (XOF) per US dollar - 528.29 (2004), 581.2 (2003), 696.99 (2002), 733.04 (2001), 711.98 (2000) |
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Exports
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$702,000,000.00 |
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[138th of 189]
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Exports to US
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$4,300,000.00 |
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[147th of 224]
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GDP
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$2,206,124,000.00 |
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[138th of 203]
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GDP (purchasing power parity)
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$5,042,000,000.00 |
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[156th of 187]
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GDP > PPP
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$8,541,000,000.00 |
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[128th of 163]
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GDP > Real growth rate
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2.1% |
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[164th of 198]
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GDP growth > annual %
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2.8 annual %
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[126th of 187]
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Gross National Income
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$1,278,650,000.00 |
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[135th of 172]
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Gross national income > constant LCU
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261237700000 |
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Human Development Index
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0.512 |
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[142nd of 178]
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Income category
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Low income |
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Inflation rate (consumer prices)
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1% |
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[172nd of 192]
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Research and development spending
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8.4% |
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[1st of 69]
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Tourist arrivals
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92,000 |
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[118th of 152]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; All CIA World Factbooks 18 December 2003 to 18 December 2008; The Heritage Foundation; US Census Bureau; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; ; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; aggregates calculated for the Human Development Report Office by the World Bank; United Nations World Statistics Pocketbook and Statistical Yearbook
ALTERNATIVE NAMES:
Togo, Togolese Republic, Republique Togolaise
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