Togo: economy

What is the inflation rate in Togo?

Consumer prices in Togo were 2.4% higher in September 2026 than a year earlier, according to the harmonised consumer price index of INSEED. Prices fell 0.1% on the month and the index stood at 104.4 (2023 = 100).

The annual rise came mainly from transport (+8.5%) and housing, water, electricity, gas and other fuels (+8.2%); food and non-alcoholic drinks rose 1.9%, while recreation, sport and culture fell 1.1%. The index follows the common method of the West African Economic and Monetary Union (UEMOA) and covers the whole country, with 810 products tracked in 4,790 outlets. INSEED marks the September figures as preliminary. Earlier months are on its prices page.

Official sources: INSEED · prices page

What is the interest rate in Togo?

The main policy rate of the Central Bank of West African States (BCEAO) is 3.00%, and the marginal lending rate 5.00%, in force since 16 March 2026, according to the BCEAO Monetary Policy Committee statement of 9 September 2026. The reserve requirement was kept at 3.00%.

Togo shares its currency, the CFA franc, and its central bank with the other UEMOA member states, so these rates apply to all of them. The Committee expected average inflation across the Union of 1.0% in 2026, after 0.0% in 2025, and growth of 6.1% in 2026.

Official sources: Monetary Policy Committee statement

What is Togo's GDP growth rate?

Togo's real GDP grew 6.3% in 2025, according to the IMF World Economic Outlook database. The IMF projects growth of 5.0% in 2026. Growth was 6.3% in 2024 and 6.2% in 2023.

INSEED publishes national accounts and the national statistical yearbook, but no national figure for 2025 growth could be read on its site on 15 October 2026, so the IMF series is used here. The IMF figures for the latest years can be estimates and are revised in each edition of the database.

Official sources: IMF World Economic Outlook database

What was Togo's average inflation in recent years?

Consumer prices in Togo rose 2.9% on average in 2024, according to INSEED's National Statistical Yearbook 2024. Average inflation was 5.3% in 2023, 7.6% in 2022, 4.5% in 2021 and 1.8% in 2020.

The annual average compares the price level across a whole year with the year before, so it moves more slowly than the monthly year-on-year rate. Year-on-year inflation peaked at 8.8% in March and November 2022 and had fallen to 1.2% by December 2024. The figures come from the harmonised consumer price index that INSEED publishes each month.

Official sources: National Statistical Yearbook 2024

How big is Togo's economy?

Togo's GDP was 5,393.3 billion CFA francs in 2022 at current prices, according to INSEED national accounts in the National Statistical Yearbook 2024. Real growth was 6.29% in 2022, after 5.1% in 2021 and 2.16% in 2020.

GDP per person was 666,200 CFA francs in 2022, up from 541,800 in 2019. Investment, measured by gross fixed capital formation plus changes in stocks, was 24.5% of GDP in 2022, up from 18.6% in 2019, and real investment rose 30.7% in 2022. The yearbook gives no national accounts figures for 2023 or 2024.

Official sources: National Statistical Yearbook 2024

How big is Togo's informal economy?

The informal sector produced 50.2% of Togo's gross value added in 2022, according to INSEED national accounts in the National Statistical Yearbook 2024. Its share was 50.3% in 2021, 48.9% in 2020 and 48.1% in 2019.

The informal sector covers unregistered businesses and household enterprises that do not keep formal accounts. A share of around half means that informal activity is as large as the formal economy in value added terms.

Official sources: National Statistical Yearbook 2024

What is GDP per person in Togo in dollars?

GDP per person in Togo was US$1,384 in 2025 in current dollars, according to the World Bank. It was US$1,266 in 2024, US$1,182 in 2023 and US$961 in 2020.

The figure divides GDP, converted to US dollars at market exchange rates, by the population, which the World Bank put at 8,591,626 in 2025. Because it is in current dollars, it moves with exchange rates as well as with output. INSEED's own estimate of GDP per person was 666,200 CFA francs in 2022.

Official sources: World Bank

What does Togo export and import?

Togo's goods exports were worth 953.3 billion CFA francs in 2023 and imports 1,708.9 billion, a deficit of 755.6 billion, according to the balance of payments in INSEED's National Statistical Yearbook 2024. Phosphates brought in 169.9 billion and re-exported petroleum products 122.8 billion.

Among imports, raw materials and semi-finished goods cost 439.5 billion CFA francs, capital goods 386.6 billion, energy and lubricants 295.2 billion and food, drink and tobacco 192.2 billion. Services and transfers offset part of the goods deficit, and the current account deficit was 222 billion CFA francs in 2023. Cotton exports fell from 36.5 billion in 2020 to 19.2 billion in 2023.

Official sources: National Statistical Yearbook 2024

Is Togo's economy growing?

6.3%: that is real GDP growth in Togo for 2025, according to the World Bank. The peak was 6.5% in 2024 and the low -4.7% in 2005. Across Sub-Saharan Africa the middle value was 4.6%, and Togo placed 10th highest of 46. Worldwide: 27th of 180.

How rich is Togo per person?

The latest figure from the World Bank, for 2025, is $1,384. It is the top of the series, which starts in 2005. It is 23rd highest of 46 in Sub-Saharan Africa, where the median is $1,351. Worldwide: 156th of 180.

What is Togo's GDP per person adjusted for prices?

In 2025, GDP per person at purchasing power parity in Togo was $4,079 in international dollars, according to the World Bank. No year since 2005 has been higher. Across Sub-Saharan Africa the middle value was $4,425 in international dollars, and Togo placed 27th highest of 46. Worldwide: 157th of 179.

How much does Togo export?

According to the World Bank, exports of goods and services in Togo was 24.6% of GDP in 2023. Its high point since 2005 was 2013, at 34.1% of GDP; its low point was 2020, at 23.1% of GDP. Sub-Saharan Africa median: 24.8% of GDP; Togo is 23rd highest of 43. Worldwide: 115th of 165.

Does Togo earn more abroad than it spends?

-0.3% of GDP: that is the current account balance in Togo for 2020, according to the IMF, which is a deficit. No year since 2005 has been higher. Sub-Saharan Africa median: -3.5% of GDP; Togo is 10th highest of 42. Worldwide: 72nd of 175.

How much foreign investment does Togo receive?

The latest figure from the IMF, for 2025, is 1.9% of GDP. Since 2005 it has ranged from -2.6% of GDP (2018) to 13.4% of GDP (2011). Across Sub-Saharan Africa the middle value was 2.0% of GDP, and Togo placed 27th highest of 46. World rank, highest first: 97th of 179.

What are bank lending rates in Togo?

According to the IMF, the average bank lending rate in Togo was 5.3% in 2016. The peak was 8.8% in 2005 and the low 4.7% in 2006. Across Sub-Saharan Africa the middle value was 11.6%, and Togo placed 28th highest of 35. Of 128 countries with 2016 data, 100th highest.