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