Current account balance in Togo
Togo: Current account balance was -0.3% in 2020. ◆ Volatile
Current account balance in Togo, 1974–2020
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2020, current account balance in Togo stood at -0.3%.
The figure is up 65.1% on the previous year and up 93.4% over ten years.
Over the whole period, current account balance in Togo peaked at 16.6% in 1974 and was at its lowest, -18.7%, in 1978.
Togo ranks 84th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Togo, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1974 | 16.6% | — |
| 1975 | -8.7% | -152.0% |
| 1976 | -2.8% | -67.6% |
| 1977 | -8.0% | +183.0% |
| 1978 | -18.7% | +134.9% |
| 1979 | -16.9% | -9.5% |
| 1980 | -5.9% | -65.0% |
| 1981 | -3.2% | -45.1% |
| 1982 | -7.5% | +130.3% |
| 1983 | -4.0% | -46.4% |
| 1984 | 2.6% | -164.4% |
| 1985 | -2.5% | -198.7% |
| 1986 | -3.8% | +47.9% |
| 1987 | -3.4% | -8.9% |
| 1988 | -4.5% | +30.5% |
| 1989 | -2.7% | -40.6% |
| 1990 | -3.7% | +37.7% |
| 1991 | -6.2% | +69.8% |
| 1992 | -5.8% | -6.8% |
| 1993 | -4.7% | -18.4% |
| 1994 | -4.1% | -14.2% |
| 1995 | -6.6% | +62.4% |
| 1996 | -7.4% | +12.8% |
| 1997 | -5.5% | -25.7% |
| 1998 | -6.3% | +13.2% |
| 1999 | -5.7% | -8.6% |
| 2000 | -6.6% | +16.3% |
| 2001 | -8.1% | +21.7% |
| 2002 | -5.8% | -28.0% |
| 2003 | -5.4% | -6.6% |
| 2004 | -6.5% | +19.6% |
| 2005 | -6.3% | -2.5% |
| 2006 | -5.3% | -16.1% |
| 2007 | -5.7% | +8.1% |
| 2008 | -4.9% | -15.3% |
| 2009 | -3.8% | -22.8% |
| 2010 | -4.2% | +12.1% |
| 2011 | -5.6% | +32.3% |
| 2012 | -5.4% | -2.5% |
| 2013 | -9.4% | +73.7% |
| 2014 | -7.2% | -24.0% |
| 2015 | -8.0% | +11.7% |
| 2016 | -7.2% | -10.2% |
| 2017 | -1.5% | -79.0% |
| 2018 | -2.6% | +73.8% |
| 2019 | -0.8% | -69.9% |
| 2020 | -0.3% | -65.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -6.4% | -18.7% | 16.6% | 6 |
| 1980s | -3.5% | -7.5% | 2.6% | 10 |
| 1990s | -5.6% | -7.4% | -3.7% | 10 |
| 2000s | -5.8% | -8.1% | -3.8% | 10 |
| 2010s | -5.2% | -9.4% | -0.8% | 10 |
| 2020s | -0.3% | -0.3% | -0.3% | 1 |
Countries ranked near Togo
More economy & growth data for Togo
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.25 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.5 Percent per annum (2029)
- Gross capital formation (constant 2015 US$), annual growth rate -10.26 % change on previous year (2023)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.4016 constant 2015 US$ per US$ of GDP (2023)
- Gross capital formation (constant 2015 US$), per capita 474.82 constant 2015 US$ per person (2023)
- Imports of goods and services (current US$), annual growth rate 8.71 % change on previous year (2023)
- Imports of goods and services (current US$), per unit of GDP 0.3535 current US$ per US$ of GDP (2023)
- Imports of goods and services (current US$), per capita 417.92 current US$ per person (2023)
- Imports of goods and services (current LCU), annual growth rate 5.71 % change on previous year (2023)
- Imports of goods and services (current LCU), per unit of GDP 214.41 current LCU per US$ of GDP (2023)
Frequently asked questions
- What is current account balance in Togo?
- Current account balance in Togo was -0.3% in 2020, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Togo?
- The highest recorded value was 16.6% in 1974.
- What is the lowest current account balance recorded in Togo?
- The lowest recorded value was -18.7% in 1978.
- How does Togo rank for current account balance?
- Togo ranks 84th out of 200 countries with data for 2020.
- Is current account balance rising or falling in Togo?
- Over the last ten years it is up 93.4%. The long-run trend across the full record is volatile.
- Where does this Togo data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.