Togo

Economics, Political, and Trade Overview

Source: Feb 10, 2022 Economist Intelligence Unit

Togo - In Short.

Overview of Togo

From the 11th to the 16th centuries, various ethnic groups settled the Togo region. From the 16th to the 18th centuries, the coastal region became a major slave trading center and the surrounding region  took on the name of “The Slave Coast.” In 1884, Germany declared a region including present-day Togo as a protectorate called Togoland. After World War I, rule over Togo was transferred to France. French Togoland became Togo upon independence in 1960. Gen. Gnassingbe EYADEMA, installed as military ruler in 1967, ruled Togo with a heavy hand for almost four decades. Despite the facade of multi-party elections instituted in the early 1990s, the government was largely dominated by President EYADEMA, whose Rally of the Togolese People (RPT) party has been in power almost continually since 1967 and its successor, the Union for the Republic, maintains a majority of seats in today’s legislature. Upon EYADEMA’s death in February 2005, the military installed the president’s son, Faure GNASSINGBE, and then engineered his formal election two months later. Democratic gains since then allowed Togo to hold its first relatively free and fair legislative elections in October 2007. Since 2007, President GNASSINGBE has started the country along a gradual path to democratic reform. Togo has since held multiple presidential and legislative elections deemed generally free and fair by international observers. Despite those positive moves, political reconciliation has moved slowly, and the country experiences periodic outbursts of violent protest by frustrated citizens. Recent constitutional changes to institute a runoff system in presidential elections and establish term limits has done little to reduce the resentment many Togolese feel after over 50 years of one-family rule.
Value
Country Full Name
Togo
Country Code
TGO
Region
Sub-Saharan Africa
Income Group
Low income
Currency Unit
GDP
7574636979
Population
8278737
Land Area
54390
Net National Income Per Capita
798.7421149
GDP per Capita (PPP)
2223.498303

2020 GDP Growth Rate (Current USD)

2020 GDP Per Capita (Current USD)

2020 Urbanization Rate (%)

2020 Total Fertility Rate (Birth Per Woman)

Doing Business Score (100= Most Friendly)

Togo - Economic

Economy of Togo

Togo has enjoyed a period of steady economic growth fueled by political stability and a concerted effort by the government to modernize the country’s commercial infrastructure, but discontent with President Faure GNASSINGBE has led to a rapid rise in protests, creating downside risks. The country completed an ambitious large-scale infrastructure improvement program, including new principal roads, a new airport terminal, and a new seaport. The economy depends heavily on both commercial and subsistence agriculture, providing employment for around 60% of the labor force. Some basic foodstuffs must still be imported. Cocoa, coffee, and cotton and other agricultural products generate about 20% of export earnings with cotton being the most important cash crop. Togo is among the world’s largest producers of phosphate and seeks to develop its carbonate phosphate reserves, which provide more than 20% of export earnings.Supported by the World Bank and the IMF, the government’s decade-long effort to implement economic reform measures, encourage foreign investment, and bring revenues in line with expenditures has moved slowly. Togo completed its IMF Extended Credit Facility in 2011 and reached a Heavily Indebted Poor Country 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, and in January 2017, the IMF signed an Extended Credit Facility arrangement consisting of a three-year $238 million loan package. Progress depends on follow through on privatization, increased transparency in government financial operations, progress toward legislative elections, and continued support from foreign donors.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. Foreign direct investment inflows have slowed in recent years.

Unemployment Rate

Inflation Rate

Togo - GDP Composition

GDP Composiiton & Value Added of Togo

Last Updated: Jan, 2021, Updated For 2020.

Togo - GDP, Value Added

Demographics of Togo

one of the more densely populated African nations with most of the population residing in rural communities, density is highest in the south on or near the Atlantic coast as shown in this population distribution map
Geographic Location

Western Africa, bordering the Bight of Benin, between Benin and Ghana

Races

Adja-Ewe/Mina 42.4%, Kabye/Tem 25.9%, Para-Gourma/Akan 17.1%, Akposso/Akebu 4.1%, Ana-Ife 3.2%, other Togolese 1.7%, foreigners 5.2%, no response 0.4% (2013-14 est.)note: Togo has an estimated 37 ethnic groups

Languages

French (official, the language of commerce), Ewe and Mina (the two major African languages in the south), Kabye (sometimes spelled Kabiye) and Dagomba (the two major African languages in the north)

Religion

Christian 42.3%, folk religion 36.9%, Muslim 14%, Hindu <1%, Buddhist <1%, Jewish <1%, other <1%, none 6.2% (2020 est.)

Dependency & Expectancy of Togo

Last Updated: Jan, 2021

Dependency Ratio

Expectancy

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Togo - Social Media Briefing

Togo - Social Media & Social Commerce

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Politics & Policies of Togo

2021 Policies Overview

Updated Coming in March 2021 after our team finish summarizing countries policy.

International Organizations

ACP, AfDB, AU, ECOWAS, EITI (compliant country), Entente, FAO, FZ, G-77, IAEA, IBRD, ICAO, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC (NGOs), MIGA, MINURSO, MINUSMA, NAM, OIC, OIF, OPCW, PCA, UN, UNAMID, UNCTAD, UNESCO, UNHCR, UNIDO, UNMIL, UNOCI, UNWTO, UPU, WADB (regional), WAEMU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO

Import of Togo

Export of Togo

Import Destination

Export Destination