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%.
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.
Togo GDP from 1980 to 2024
The total market value of goods and services produced annually in Togo.
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)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |