- 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.
|GDP growth (%)||6.1||5.9||5.7||5.1||4.4||4.9|
|Inflation rate (annual average)||1.8||0.2||1.8||0.9||-0.8||0.5|
|Current balance, grants included*||-13.2||-10.0||-11.2||-9.7||-7.8||-8.3|
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)
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