LAST 10 SECURITIES ISSUES |
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Highlights
- In the face of the heightened protests in 2017, the Togolese economy recorded good economic performance. The growth rate of the GDP since 2015, remains above 5%. It is expected to remain at 4.4 percent in 2017 and 4.9 percent in 2018, driven mainly by public procurement, as well as agricultural production, mining and trade.
- The Togolese Government is implementing an ambitious national investment program to support national demand.
- Inflation remains under control at-0.8% on average in 2017, thanks to prudent monetary policy by the Central Bank (BCEAO) and the low level of food prices.
- The budget deficit, which was at 8.1% of GDP in 2016, should be reduced to 0.3% in 2017.
- The common external transactions deficit fell from 11.2% of GDP in 2015 to 7.8% in 2017, under the effect of an increase in exports and a weaker growth in imports.
- Between 2011 and 2017, Togo gained 6 places in the Doing Business ranking from the 162nd place to the 156th, thanks to the reforms and investments made to improve the business climate.
- Togo has a free trade zone with more than 60 companies having more than 12,000 employees and is a financial hub with a relatively high concentration of regional financial institutions.
- The debt ratio of Togo reached 78.6% in 2017. The Government has signed a three-year economic agreement with the IMF, whose main goal is to restore the viability of public finances while maintaining the social sectors.
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
GDP growth (%) | 6.1 | 5.9 | 5.7 | 5.1 | 4.4 | 4.9 |
Investment rate* | 29.6 | 27.9 | 32.2 | 32.7 | 25.9 | 29.0 |
Inflation rate (annual average) | 1.8 | 0.2 | 1.8 | 0.9 | -0.8 | 0.5 |
Budget deficit* | -4.4 | -3.3 | -6.2 | -8.1 | -0.3 | -0.2 |
Current balance, grants included* | -13.2 | -10.0 | -11.2 | -9.7 | -7.8 | -8.3 |
Overall debt* | 55.7 | 60.4 | 72.2 | 81.6 | 78.6 | 75.6 |
Sources : BCEAO except the debt data provided by the IMF (Regional Economic outlook report, April 2018)
* in % of GDP
Instrument | Date of operation | Value date | Deadline | Amount (in millions of FCFA) | Status | More |
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