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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Definition: Economy > Aid as % of GDP |
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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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Definition: Economy > Debt > External |
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Economic freedom
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1.4 |
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[130th of 156]
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Definition: Economy > Economic freedom |
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. |
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Definition: Economy > Economy > Overview |
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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Definition: Economy > Exchange rates |
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Exports
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$702,000,000.00 |
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[138th of 189]
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Definition: Economy > Exports |
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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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Definition: Economy > Exports to US |
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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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Definition: Economy > GDP |
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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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Definition: Economy > GDP (purchasing power parity) |
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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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Definition: Economy > GDP > PPP |
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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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Definition: Economy > GDP > Real growth rate |
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GDP growth > annual %
|
2.8 annual %
|
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[126th of 187]
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Definition: Economy > GDP growth > annual % |
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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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Definition: Economy > Gross National Income |
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Gross national income > constant LCU
|
261237700000 |
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|
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Definition: Economy > Gross national income > constant LCU |
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Human Development Index
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0.512 |
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[142nd of 178]
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Definition: Economy > Human Development Index |
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Income category
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Low income |
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|
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Definition: Economy > Income category |
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Inflation rate (consumer prices)
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1% |
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[172nd of 192]
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Definition: Economy > Inflation rate (consumer prices) |
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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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Definition: Economy > Research and development spending |
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Tourist arrivals
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92,000 |
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[118th of 152]
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Definition: Economy > Tourist arrivals |
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