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Togo · Economy

Togo economy: GDP, investment, trade and remittances

How large the Togo economy is and how fast it is growing, who invests in it, what it sells and buys, how much its citizens abroad send home, who it owes and what it holds in reserve. The latest published year is shown with each figure.

GDP
US$11.9 billion
current US$, 2025
Real GDP growth
6.3%
2025
GDP per person
US$1,384
current US$, 2025
Exports of goods
US$1.7 billion
2025
Remittances received
US$650 million
2020, 8.7% of GDP
Foreign direct investment, net inflows
US$221 million
2025, 1.9% of GDP

Togo economy snapshot: GDP, growth and income per person

Togo's GDP was US$11.9 billion in 2025, after real growth of 6.3%.

GDP

Current US dollars.

05.0bn10bn15bn201520172019202120232025GDP 2015: US$5.8 billionGDP 2016: US$6.1 billionGDP 2017: US$6.4 billionGDP 2018: US$7.0 billionGDP 2019: US$7.0 billionGDP 2020: US$7.5 billionGDP 2021: US$8.5 billionGDP 2022: US$8.6 billionGDP 2023: US$9.7 billionGDP 2024: US$10.6 billionGDP 2025: US$11.9 billion

Real GDP growth

Annual change, per cent. Red bars are contractions.

0%2%4%6%8%201520172019202120232025Real GDP growth 2015: 5.5%Real GDP growth 2016: 4.2%Real GDP growth 2017: 4.0%Real GDP growth 2018: 4.8%Real GDP growth 2019: 4.9%Real GDP growth 2020: 2.2%Real GDP growth 2021: 5.1%Real GDP growth 2022: 6.3%Real GDP growth 2023: 6.2%Real GDP growth 2024: 6.5%Real GDP growth 2025: 6.3%

GDP per person

Current US dollars.

05001k2k201520172019202120232025GDP per person 2015: US$814GDP per person 2016: US$843GDP per person 2017: US$872GDP per person 2018: US$942GDP per person 2019: US$918GDP per person 2020: US$961GDP per person 2021: US$1,076GDP per person 2022: US$1,072GDP per person 2023: US$1,182GDP per person 2024: US$1,266GDP per person 2025: US$1,384

Source: World Bank, 2025. Method

Who invests in Togo and in what

Direct investment by investing country

South Africa was the largest investing country in Togo, at 36% of inward direct investment positions in 2022.

Inward direct investment positions in Togo at the end of 2022: the stock of foreign direct investment, not a year's new flow. The 10 largest investing countries.

South AfricaUS$1.2 billion35.9%
QatarUS$716 million20.8%
NetherlandsUS$502 million14.6%
FranceUS$191 million5.6%
CyprusUS$142 million4.1%
Côte d'IvoireUS$138 million4.0%
Burkina FasoUS$70 million2.0%
NorwayUS$65 million1.9%
GibraltarUS$46 million1.3%
SpainUS$44 million1.3%

Source: IMF, 2022. Method

What Togo sells and buys

Salt, sulphur, earth and stone was 22% of exports in 2025.

Togo sold the most to India, 19% of exports in 2025.

Exports by product, 2025

Tile area follows value. Each tile is a customs chapter of the Harmonized System; hover for the full name.

Salt: US$369 million, 21.7%Salt, sulphur, earth a…22%Plastics and articles thereof: US$147 million, 8.7%Plastics9%Mineral fuels, mineral oils and products of their distillation: US$131 million, 7.7%Mineral fuels a…8%Vehicles: US$116 million, 6.8%Vehicles7%Animal or vegetable fats and oils and their cleavage products: US$111 million, 6.6%Fats and oils7%Food industries, residues and wastes thereof: US$102 million, 6.0%Food industri…6%Essential oils and resinoids: US$78 million, 4.6%Essential…5%Oil seeds and oleaginous fruits: US$72 million, 4.3%Oil seed…4%Cocoa and cocoa preparations: US$66 million, 3.9%Cocoa and c…4%Cotton: US$65 million, 3.8%Cotton4%Beverages, spirits and vinegar: US$63 million, 3.7%Beverages4%Feathers and down, prepared: US$47 million, 2.8%All other chapters: US$329 million, 19.4%All other chapters19%

Source: UN Comtrade, 2025. Method

Top buyers, 2025

Share of Togo's exports.

IndiaUS$329 million19.4%
Côte d'IvoireUS$204 million12.0%
Burkina FasoUS$178 million10.5%
BeninUS$127 million7.5%
GhanaUS$103 million6.1%
FranceUS$100 million5.9%
MaliUS$90 million5.3%
NigerUS$74 million4.4%
SenegalUS$74 million4.3%
United StatesUS$70 million4.1%

Top suppliers, 2025

Share of Togo's imports.

ChinaUS$894 million26.6%
FranceUS$260 million7.7%
IndiaUS$190 million5.7%
NigeriaUS$186 million5.5%
JapanUS$125 million3.7%
MalaysiaUS$111 million3.3%
TurkeyUS$97 million2.9%
MoroccoUS$91 million2.7%
NetherlandsUS$90 million2.7%
United StatesUS$88 million2.6%

Source: UN Comtrade, 2025. Method

What Togo buys, 2025

The 8 largest product chapters in imports.

VehiclesUS$455 million13.5%
Mineral fuels and oilsUS$261 million7.8%
Machinery and mechanical appliancesUS$230 million6.8%
PlasticsUS$222 million6.6%
Electrical machinery and equipmentUS$180 million5.4%
Fats and oilsUS$142 million4.2%
Pharmaceutical productsUS$141 million4.2%
CerealsUS$134 million4.0%

Source: UN Comtrade, 2025. Method

Trade balance of goods

Exports minus imports. Red bars are years when imports were larger. A year is left out when either side is not published.

-2.0bn-1.5bn-1.0bn-500m0201520172019202120232025Trade balance 2015: -US$1.1 billion (exports US$793 million, imports US$1.9 billion)Trade balance 2016: -US$930 million (exports US$802 million, imports US$1.7 billion)Trade balance 2017: -US$769 million (exports US$867 million, imports US$1.6 billion)Trade balance 2018: -US$711 million (exports US$1.0 billion, imports US$1.7 billion)Trade balance 2019: -US$779 million (exports US$1.0 billion, imports US$1.8 billion)Trade balance 2020: -US$1.2 billion (exports US$979 million, imports US$2.2 billion)Trade balance 2021: -US$1.5 billion (exports US$1.1 billion, imports US$2.6 billion)Trade balance 2022: -US$1.4 billion (exports US$1.3 billion, imports US$2.8 billion)Trade balance 2023: -US$1.6 billion (exports US$1.5 billion, imports US$3.0 billion)Trade balance 2024: -US$1.6 billion (exports US$1.4 billion, imports US$3.0 billion)Trade balance 2025: -US$1.7 billion (exports US$1.7 billion, imports US$3.4 billion)

Source: UN Comtrade, 2025. Method

Remittances against foreign direct investment in Togo

Foreign direct investment net inflows were negative in 2016, 2018, 2020, 2021 and 2022: more investment left Togo than came in.

Remittances receivedForeign direct investment, net inflows
-250m0250m500m750m201520172019202120232025Remittances 2015: US$364 millionRemittances 2016: US$367 millionRemittances 2017: US$404 millionRemittances 2018: US$451 millionRemittances 2019: US$508 millionRemittances 2020: US$650 millionForeign direct investment 2015: US$258 millionForeign direct investment 2016: -US$46 millionForeign direct investment 2017: US$89 millionForeign direct investment 2018: -US$181 millionForeign direct investment 2019: US$346 millionForeign direct investment 2020: -US$59 millionForeign direct investment 2021: -US$136 millionForeign direct investment 2022: -US$173 millionForeign direct investment 2023: US$80 millionForeign direct investment 2024: US$202 millionForeign direct investment 2025: US$221 million

Source: World Bank, 2026. Method

Remittances and investment as a share of GDP

The same two flows measured against the size of the economy.

Remittances, share of GDPForeign direct investment, share of GDP
-5%0%5%10%201520172019202120232025Remittances 2015: 6.3%Remittances 2016: 6.0%Remittances 2017: 6.3%Remittances 2018: 6.4%Remittances 2019: 7.3%Remittances 2020: 8.7%Foreign direct investment 2015: 4.5%Foreign direct investment 2016: -0.8%Foreign direct investment 2017: 1.4%Foreign direct investment 2018: -2.6%Foreign direct investment 2019: 4.9%Foreign direct investment 2020: -0.8%Foreign direct investment 2021: -1.6%Foreign direct investment 2022: -2.0%Foreign direct investment 2023: 0.8%Foreign direct investment 2024: 1.9%Foreign direct investment 2025: 1.9%

Source: World Bank, 2026. Method

Who Togo owes

External debt stock by type of creditor. Creditor types cover public and publicly guaranteed debt; the grey part is the rest of the total external debt stock. A creditor type with no published figure is not shown.

Multilateral creditors held 32% of Togo's external debt stock in 2024.

Public external debt owed to China was US$330 million in 2024, 8% of the external debt stock.

MultilateralBilateralCommercial banksRest of the totalPublic debt owed to China
02.0bn4.0bn6.0bn20152017201920212023Multilateral 2015: US$356 millionBilateral 2015: US$454 millionCommercial banks 2015: US$11 millionRest of the total 2015: US$284 millionMultilateral 2016: US$418 millionBilateral 2016: US$547 millionCommercial banks 2016: US$10 millionRest of the total 2016: US$239 millionMultilateral 2017: US$515 millionBilateral 2017: US$614 millionCommercial banks 2017: US$11 millionRest of the total 2017: US$494 millionMultilateral 2018: US$538 millionBilateral 2018: US$620 millionCommercial banks 2018: US$3.6 millionRest of the total 2018: US$544 millionMultilateral 2019: US$633 millionBilateral 2019: US$604 millionCommercial banks 2019: US$129 millionRest of the total 2019: US$643 millionMultilateral 2020: US$823 millionBilateral 2020: US$635 millionCommercial banks 2020: US$331 millionRest of the total 2020: US$780 millionMultilateral 2021: US$860 millionBilateral 2021: US$657 millionCommercial banks 2021: US$335 millionRest of the total 2021: US$1.7 billionMultilateral 2022: US$918 millionBilateral 2022: US$610 millionCommercial banks 2022: US$326 millionRest of the total 2022: US$1.4 billionMultilateral 2023: US$1.1 billionBilateral 2023: US$594 millionCommercial banks 2023: US$364 millionRest of the total 2023: US$1.3 billionMultilateral 2024: US$1.4 billionBilateral 2024: US$551 millionCommercial banks 2024: US$491 millionRest of the total 2024: US$1.9 billionPublic debt owed to China 2015: US$378 millionPublic debt owed to China 2016: US$461 millionPublic debt owed to China 2017: US$523 millionPublic debt owed to China 2018: US$533 millionPublic debt owed to China 2019: US$517 millionPublic debt owed to China 2020: US$527 millionPublic debt owed to China 2021: US$519 millionPublic debt owed to China 2022: US$444 millionPublic debt owed to China 2023: US$388 millionPublic debt owed to China 2024: US$330 million

Source: World Bank, 2026. Method

Reserves and months of import cover

Total reserves including gold, and how many months of imports they cover.

No reserves figures for Togo are not published by the World Bank, so none are shown.

Source: World Bank, 2026. Method

Aid received by Togo

Net official development assistance and official aid received.

0200m400m600m800m20152017201920212023Aid received 2015: US$199 millionAid received 2016: US$168 millionAid received 2017: US$345 millionAid received 2018: US$337 millionAid received 2019: US$405 millionAid received 2020: US$563 millionAid received 2021: US$352 millionAid received 2022: US$430 millionAid received 2023: US$616 million

Source: World Bank, 2026. Method