Togo is a developing economy and dependent primarily on the agricultural sector. The agricultural sector contributes about 41% (2009) to the national GDP and employs about 60% of the total population. However, the country also has a developing industrial and service sector. For instance, in 2009, the trading and the hospitality industry contributed about 13% to the GDP.
(Source: world66.com, mapsofworld.com, afdb.org)
Gross domestic product (GDP)
In 2010, the country’s GDP at current prices was estimated at CFA 1,560.34 billion, growing 5.23% from 2009. For the same year, GDP per capita was estimated at CFA 224,100.77.
Gross national income (GNI)
In 2010, GNI per capita at PPP was USD 844, as compared to USD 822 in 2005.
Income tax rate
In 2010, the highest tax levied on individual income was 40%.
Corporate tax rates
The government of Togo levies a corporate profit tax rate of 30% and a value added tax (VAT) of 18% on corporations.
In 2010, Togo’s inflation rate was projected at 2.4%.
Foreign direct investment (FDI)
In 2009, Togo had a net FDI inflow of USD 50.13 million, as compared to USD 23.88 million in 2008.
(Source: World Bank)
Foreign portfolio investment (FPI)
In 2008, total foreign portfolio equity investments inflow in Togo amounted to USD 1,371,132, as compared to USD 6,313,811 in 2007.
Central bank assets
The net foreign assets in 2007 amounted to CFA 199.1 billion, as compared to CFA 204.1 billion in 2006. Of the total assets in 2007, central bank assets were CFA 162.5 billion.
(Source: Central Bank)