|
Economy - overview
of Togo:
|
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 PRGF that could
eventually lead to a debt reduction plan. |
|
GDP (purchasing
power parity):
|
$8.948 billion (2005
est.) |
|
GDP (official
exchange rate):
|
$2.019 billion (2005
est.) |
|
GDP - real growth
rate in Togo:
|
2.5% (2005 est.)
|
|
GDP - per capita
of Togo (PPP):
|
$1,700 (2005 est.)
|
|
GDP of Togo -
composition by sector:
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agriculture: 39.5%
industry: 20.4%
services: 40.1% (2003 est.) |
|
Labor force:
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1.74 million (1996)
|
|
Labor force - by
occupation:
|
agriculture 65%, industry
5%, services 30% (1998 est.) |
|
Unemployment rate:
|
NA% |
|
Population below
poverty line:
|
32% (1989 est.)
|
|
Household income
or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
|
Inflation rate
(consumer prices):
|
5.5% (2005 est.)
|
|
Investment (gross
fixed) in Togo:
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21.9% of GDP (2005 est.)
|
|
Budget of Togo:
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revenues: $251.3
million
expenditures: $292.9 million; including capital
expenditures of $NA (2005 est.) |
|
Agriculture -
products:
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coffee, cocoa, cotton,
yams, cassava (tapioca), corn, beans, rice, millet,
sorghum; livestock; fish |
|
Industries in
Togo:
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phosphate mining,
agricultural processing, cement, handicrafts, textiles,
beverages |
|
Industrial
production growth rate:
|
NA% |
|
Electricity -
production in Togo:
|
165.9 million kWh (2003)
|
|
Electricity -
production by source in Togo:
|
fossil fuel: 98.7%
hydro: 1.3%
nuclear: 0%
other: 0% (2001) |
|
Electricity -
consumption in Togo:
|
654.3 million kWh (2003)
|
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Electricity -
exports:
|
0 kWh (2003) |
|
Electricity -
imports:
|
500 million kWh; note -
electricity supplied by Ghana (2003) |
|
Oil - production:
|
0 bbl/day (2003 est.)
|
|
Oil - consumption:
|
8,500 bbl/day (2003 est.)
|
|
Oil - exports:
|
NA bbl/day |
|
Oil - imports:
|
NA bbl/day |
|
Natural gas -
production in Togo:
|
0 cu m (2003 est.)
|
|
Natural gas -
consumption in Togo:
|
0 cu m (2003 est.)
|
|
Current account
balance:
|
$-223 million (2005 est.)
|
|
Exports:
|
$768 million f.o.b. (2005
est.) |
|
Exports -
commodities in Togo:
|
reexports, cotton,
phosphates, coffee, cocoa |
|
Exports - partners
of Togo:
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Burkina Faso 16.3%, Ghana
15%, Benin 9.4%, Mali 7.6%, China 7.4%, India 5.6%
(2004) |
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Imports into Togo:
|
$1.047 billion f.o.b.
(2005 est.) |
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Imports -
commodities:
|
machinery and equipment,
foodstuffs, petroleum products |
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Imports -
partners:
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China 25.5%, India 13.3%,
France 11.5% (2004) |
|
Reserves of
foreign exchange and gold:
|
$331 million (2005 est.)
|
|
Debt - external of
Togo:
|
$2 billion (2005)
|
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Economic aid -
recipient:
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ODA, $80 million (2000
est.) |
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Currency (code) of
Togo:
|
Communaute Financiere
Africaine franc (XOF); note - responsible authority is
the Central Bank of the West African States |
|
Currency code:
|
XOF |
|
Exchange rates of
Togo:
|
Communaute Financiere
Africaine francs (XOF) per US dollar - 527.47 (2005),
528.29 (2004), 581.2 (2003), 696.99 (2002), 733.04
(2001) |
|
Fiscal year:
|
calendar year
|
