Togo GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Togo's GDP changed from approximately $1B 994M in 1980 to $9B 832M in 2024, showing an overall 393.1% sharply increased during the period.
The lowest GDP was recorded in 1984 at $1B 222M, and the highest in 2024 at $9B 832M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 3.7%.
For comparison, the average annual growth rate of Benin was 5.2%, and that of Ghana was 1.6%.

Togo GDP from 1980 to 2024

The total market value of goods and services produced annually in Togo.

Change Chart

    Overview of Togo's GDP (1980–2024)

    The Gross Domestic Product (GDP) of Togo recorded a 393.1% sharply increased from 1980 to 2024.
    The average GDP during this period was $3B 914M, and the median was $2B 854M.
    GDP fluctuated within a range of $8B 610M, with a standard deviation of $2B 367M.
    The average annual change was $165M 23K.


    Highest and Lowest GDP Records

    • Lowest GDP: 1984, $1B 222M
    • Highest GDP: 2024, $9B 832M
    • Most Recent GDP: 2024, $9B 832M

    Notable Annual GDP Changes

    • 2021: Significant increase in GDP
    • 1993: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Togo's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $6B 993M → $7B 400M
    • Outcome: increased

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $3B 760M → $4B 717M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $2B 13M → $2B
    • Outcome: remained stable

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $2B 494M → $2B 361M
    • Outcome: declined

    Key Economic Indicators of Togo (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 1B 994M
    $ 706.78
    $ 982.89
    $ 2B 774M
    -2.285 %
    -4.763 %
    7.16 %
    0 %
    2M 822K people
    1981
    $ 1B 656M
    $ 567.86
    $ 1,005.40
    $ 2B 932M
    -3.419 %
    -2.666 %
    7.59 %
    0 %
    2M 916K people
    1982
    $ 1B 396M
    $ 461.82
    $ 991.62
    $ 2B 998M
    -3.708 %
    -6.219 %
    −1.70 %
    0 %
    3M 23K people
    1983
    $ 1B 330M
    $ 425.52
    $ 945.03
    $ 2B 955M
    -5.156 %
    -3.261 %
    0.10 %
    0 %
    3M 127K people
    1984
    $ 1B 222M
    $ 378
    $ 1,002.85
    $ 3B 241M
    5.881 %
    2.143 %
    −0.45 %
    0 %
    3M 232K people
    1985
    $ 1B 281M
    $ 383.93
    $ 1,039.49
    $ 3B 468M
    3.717 %
    -2.141 %
    −0.71 %
    0 %
    3M 337K people
    1986
    $ 1B 795M
    $ 521.84
    $ 1,062.24
    $ 3B 653M
    3.26 %
    -3.145 %
    −1.19 %
    0 %
    3M 439K people
    1987
    $ 2B 107M
    $ 594.49
    $ 1,029.91
    $ 3B 651M
    -2.484 %
    -2.872 %
    −0.35 %
    0 %
    3M 545K people
    1988
    $ 2B 345M
    $ 641.99
    $ 1,139.31
    $ 4B 162M
    10.124 %
    -3.717 %
    −0.14 %
    0 %
    3M 653K people
    1989
    $ 2B 302M
    $ 611.52
    $ 1,196.43
    $ 4B 503M
    4.1 %
    -2.209 %
    4.98 %
    0.295 %
    3M 764K people
    1990
    $ 2B 772M
    $ 715.24
    $ 1,276.33
    $ 4B 947M
    5.897 %
    -3.039 %
    7.10 %
    0.268 %
    3M 876K people
    1991
    $ 2B 740M
    $ 686.61
    $ 1,274.14
    $ 5B 84M
    -0.59 %
    -5.139 %
    2.88 %
    -1.659 %
    3M 990K people
    1992
    $ 2B 873M
    $ 699.73
    $ 1,225.76
    $ 5B 33M
    -3.207 %
    -4.826 %
    2.58 %
    -0.639 %
    4M 106K people
    1993
    $ 2B 189M
    $ 536.72
    $ 1,057.20
    $ 4B 312M
    -16.319 %
    -3.766 %
    −1.50 %
    -6.083 %
    4M 78K people
    1994
    $ 1B 697M
    $ 414.63
    $ 1,225.91
    $ 5B 17M
    13.93 %
    -3.32 %
    4.43 %
    -2.955 %
    4M 93K people
    1995
    $ 2B 240M
    $ 523.52
    $ 1,432.63
    $ 6B 131M
    19.691 %
    -5.444 %
    3.48 %
    -1.217 %
    4M 280K people
    1996
    $ 2B 448M
    $ 550.72
    $ 1,349.92
    $ 6B 2M
    -3.871 %
    -6.286 %
    2.05 %
    -1.623 %
    4M 446K people
    1997
    $ 2B 494M
    $ 542.96
    $ 1,379.90
    $ 6B 337M
    3.803 %
    -4.688 %
    2.72 %
    0.411 %
    4M 593K people
    1998
    $ 2B 361M
    $ 499.32
    $ 1,324.68
    $ 6B 263M
    -2.263 %
    -5.935 %
    3.55 %
    -1.844 %
    4M 728K people
    1999
    $ 2B 370M
    $ 486.88
    $ 1,338.03
    $ 6B 513M
    2.54 %
    -5.372 %
    0.73 %
    -0.317 %
    4M 868K people