| People | Togo |
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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. |
GDP (purchasing power parity):
|
$5.208 billion (2007 est.) |
GDP (official exchange rate):
|
$2.497 billion (2007 est.) |
GDP - real growth rate:
|
2.1% (2007 est.) |
GDP - per capita (PPP):
|
$800 (2007 est.) |
GDP - composition by sector:
|
agriculture: 40%
industry: 25%
services: 35% (2003 est.) |
Investment (gross fixed):
|
24.2% of GDP (2007 est.) |
Population below poverty line:
|
32% (1989 est.) |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
1% (2007 est.) |
Labor force:
|
1.302 million (1998) |
Labor force participation rate:
|
22.22 % of population |
Labor force - by occupation:
|
agriculture: 65%
industry: 5%
services: 30% (1998 est.) |
Unemployment rate:
|
NA% |
Budget:
|
revenues: $481.5 million
expenditures: $427.7 million (2007 est.) |
Budget revenues per capita:
|
83 USD per capita |
Public debt:
|
void |
Industries:
|
phosphate mining, agricultural processing, cement, handicrafts, textiles, beverages |
Industrial production growth rate:
|
3% (2007 est.) |
Electricity - production:
|
176 million kWh (2005) |
Electricity - production per capita:
|
31 kWh per capita |
Electricity - consumption:
|
576 million kWh (2005) |
Electricity - consumption - per capita:
|
99 kWh per capita |
Electricity - exports:
|
0 kWh (2005) |
Electricity - imports:
|
486 million kWh; note - electricity supplied by Ghana (2005) |
Oil - production:
|
0 bbl/day (2005 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
16,000 bbl/day (2005 est.) |
Oil - consumption - per capita:
|
1.00 bbl/year per capita |
Oil - exports:
|
0 bbl/day (2004) |
Oil - imports:
|
15,130 bbl/day (2004) |
Oil - proved reserves:
|
0 bbl (1 January 2006 est.) |
Natural gas - production:
|
0 cu m (2005 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2005 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2005 est.) |
Natural gas - imports:
|
0 cu m (2005) |
Natural gas - proved reserves:
|
0 cu m (1 January 2006 est.) |
Agriculture - products:
|
coffee, cocoa, cotton, yams, cassava (tapioca), corn, beans, rice, millet, sorghum; livestock; fish |
Current account balance:
|
-$160 million (2007 est.) |
Current account balance - per capita:
|
-27 USD per capita |
Exports:
|
$690 million f.o.b. (2007 est.) |
Exports per capita:
|
118 USD per capita |
Exports - commodities:
|
reexports, cotton, phosphates, coffee, cocoa |
Exports - partners:
|
Ghana 16.7%, Burkina Faso 14.4%, Benin 9.1%, Belgium 6.1%, Mali 5.8%, Germany 5.4%, India 4.6%, Netherlands 4.6% (2006) |
Imports:
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$1.208 billion f.o.b. (2007 est.) |
Imports per capita:
|
207 USD per capita |
Imports - commodities:
|
machinery and equipment, foodstuffs, petroleum products |
Imports - partners:
|
China 29.8%, UK 10.9%, France 8.9%, Netherlands 6%, Belgium 5.8%, US 4.6%, Estonia 4.2% (2006) |
Reserves of foreign exchange and gold:
|
$356 million (31 December 2007 est.) |
Reserves of foreign exchange and gold - per capita:
|
61 USD per capita |
Debt - external:
|
$2 billion (2005) |
Debt - external - per capita:
|
342 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Market value of publicly traded shares:
|
$NA |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
ODA, $86.71 million (2005 est.) |
Economic aid - recipient per capita:
|
15 USD per capita |
Currency (code):
|
Communaute Financiere Africaine franc (XOF); note - responsible authority is the Central Bank of the West African States |
Exchange rates:
|
Communaute Financiere Africaine francs (XOF) per US dollar - 482.71 (2007), 522.59 (2006), 527.47 (2005), 528.29 (2004), 581.2 (2003)
note: since 1 January 1999, the XOF franc has been pegged to the euro at a rate of 655.957 XOF francs per euro |
Fiscal year:
|
calendar year |
|
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