External balance on goods and services as a percent of GDP in Togo
Togo: External balance on goods and services as a percent of GDP was -10.8% in 2023. ◆ Volatile
External balance on goods and services as a percent of GDP in Togo, 1963–2023
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for external balance on goods and services as a percent of gdp in Togo is -10.8%, measured in 2023.
Compared with earlier readings it is up 6.8% on the previous year and up 22.7% over ten years.
Over the whole period, external balance on goods and services as a percent of gdp in Togo peaked at 17.6% in 1974 and was at its lowest, -29.9%, in 1978.
Togo ranks 132nd of 191 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.
External balance on goods and services as a percent of GDP in Togo, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1963 | -9.6% | — |
| 1964 | -8.1% | -15.6% |
| 1965 | -6.2% | -23.1% |
| 1966 | -1.7% | -72.7% |
| 1967 | 0.7% | -141.4% |
| 1968 | 2.2% | +209.3% |
| 1969 | 1.7% | -20.6% |
| 1970 | -1.2% | -170.8% |
| 1971 | -5.9% | +379.9% |
| 1972 | -7.2% | +22.7% |
| 1973 | -6.7% | -6.2% |
| 1974 | 17.6% | -360.8% |
| 1975 | -18.0% | -202.3% |
| 1976 | -9.9% | -45.0% |
| 1977 | -18.7% | +89.0% |
| 1978 | -29.9% | +59.6% |
| 1979 | -27.4% | -8.1% |
| 1980 | -13.2% | -51.9% |
| 1981 | -15.7% | +18.5% |
| 1982 | -13.1% | -16.2% |
| 1983 | -8.0% | -38.9% |
| 1984 | -0.8% | -90.5% |
| 1985 | -8.7% | +1041.4% |
| 1986 | -11.8% | +34.7% |
| 1987 | -9.4% | -20.3% |
| 1988 | -11.9% | +26.5% |
| 1989 | -9.3% | -21.7% |
| 1990 | -7.3% | -21.6% |
| 1991 | -8.9% | +22.4% |
| 1992 | -7.7% | -13.5% |
| 1993 | -7.8% | +0.7% |
| 1994 | -5.9% | -23.7% |
| 1995 | -10.1% | +70.3% |
| 1996 | -9.5% | -5.7% |
| 1997 | -8.2% | -13.3% |
| 1998 | -9.6% | +16.4% |
| 1999 | -7.4% | -22.6% |
| 2000 | -8.5% | +14.3% |
| 2001 | -10.4% | +22.1% |
| 2002 | -8.7% | -15.8% |
| 2003 | -8.9% | +2.3% |
| 2004 | -10.7% | +20.1% |
| 2005 | -11.1% | +3.4% |
| 2006 | -11.5% | +3.9% |
| 2007 | -12.5% | +8.8% |
| 2008 | -11.7% | -7.0% |
| 2009 | -10.5% | -10.0% |
| 2010 | -11.3% | +8.2% |
| 2011 | -14.7% | +29.9% |
| 2012 | -9.7% | -34.0% |
| 2013 | -13.9% | +43.0% |
| 2014 | -12.6% | -9.2% |
| 2015 | -15.7% | +24.3% |
| 2016 | -13.0% | -17.3% |
| 2017 | -7.6% | -41.4% |
| 2018 | -8.9% | +17.2% |
| 2019 | -8.5% | -4.3% |
| 2020 | -8.9% | +4.7% |
| 2021 | -10.1% | +13.3% |
| 2022 | -11.6% | +14.3% |
| 2023 | -10.8% | -6.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -3.0% | -9.6% | 2.2% | 7 |
| 1970s | -10.7% | -29.9% | 17.6% | 10 |
| 1980s | -10.2% | -15.7% | -0.8% | 10 |
| 1990s | -8.2% | -10.1% | -5.9% | 10 |
| 2000s | -10.5% | -12.5% | -8.5% | 10 |
| 2010s | -11.6% | -15.7% | -7.6% | 10 |
| 2020s | -10.3% | -11.6% | -8.9% | 4 |
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -73.35 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0069 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -8.73 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 83.75 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 5.04 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0079 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 9.96 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 19.6 % change on previous year (2023)
Frequently asked questions
- What is external balance on goods and services as a percent of gdp in Togo?
- External balance on goods and services as a percent of gdp in Togo was -10.8% in 2023, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest external balance on goods and services as a percent of gdp recorded in Togo?
- The highest recorded value was 17.6% in 1974.
- What is the lowest external balance on goods and services as a percent of gdp recorded in Togo?
- The lowest recorded value was -29.9% in 1978.
- How does Togo rank for external balance on goods and services as a percent of gdp?
- Togo ranks 132nd out of 191 countries with data for 2023.
- Is external balance on goods and services as a percent of gdp rising or falling in Togo?
- Over the last ten years it is up 22.7%. The long-run trend across the full record is volatile.
- Where does this Togo data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of External balance on goods and services as a percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.