External balance on goods and services in Togo
Togo: External balance on goods and services was -634.91 billion current LCU in 2023. ◆ Volatile
Latest (2023)
-634.91 billion current LCU
Change on year
down 1.9%
World rank
159th
of 193 countries
All-time high
33.52 billion current LCU
in 1974
All-time low
-634.91 billion current LCU
in 2023
Years of data
61
1963–2023
External balance on goods and services in Togo, 1963–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Togo recorded -634.91 billion current LCU for external balance on goods and services in 2023. That is the lowest value across all 61 years on record.
That represents a change of down 1.9% on the previous year and down 53.3% over ten years.
Over the whole period, external balance on goods and services in Togo peaked at 33.52 billion current LCU in 1974 and was at its lowest, -634.91 billion current LCU, in 2023.
That places Togo 159th out of 193 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Togo, year by year
| Year | current LCU | Change |
|---|---|---|
| 1963 | -4.74 billion current LCU | — |
| 1964 | -4.64 billion current LCU | -2.2% |
| 1965 | -4.02 billion current LCU | -13.3% |
| 1966 | -1.27 billion current LCU | -68.4% |
| 1967 | 564.88 million current LCU | -144.4% |
| 1968 | 1.84 billion current LCU | +225.0% |
| 1969 | 1.69 billion current LCU | -7.7% |
| 1970 | -1.21 billion current LCU | -171.4% |
| 1971 | -6.53 billion current LCU | +439.4% |
| 1972 | -8.59 billion current LCU | +31.6% |
| 1973 | -8.63 billion current LCU | +0.5% |
| 1974 | 33.52 billion current LCU | -488.3% |
| 1975 | -33.64 billion current LCU | -200.3% |
| 1976 | -20.70 billion current LCU | -38.5% |
| 1977 | -50.49 billion current LCU | +143.9% |
| 1978 | -78.47 billion current LCU | +55.4% |
| 1979 | -73.52 billion current LCU | -6.3% |
| 1980 | -44.80 billion current LCU | -39.1% |
| 1981 | -57.83 billion current LCU | +29.1% |
| 1982 | -50.05 billion current LCU | -13.5% |
| 1983 | -33.05 billion current LCU | -34.0% |
| 1984 | -3.39 billion current LCU | -89.7% |
| 1985 | -42.22 billion current LCU | +1145.8% |
| 1986 | -61.01 billion current LCU | +44.5% |
| 1987 | -49.71 billion current LCU | -18.5% |
| 1988 | -68.82 billion current LCU | +38.4% |
| 1989 | -56.63 billion current LCU | -17.7% |
| 1990 | -45.58 billion current LCU | -19.5% |
| 1991 | -56.88 billion current LCU | +24.8% |
| 1992 | -48.78 billion current LCU | -14.2% |
| 1993 | -38.29 billion current LCU | -21.5% |
| 1994 | -45.63 billion current LCU | +19.2% |
| 1995 | -93.10 billion current LCU | +104.0% |
| 1996 | -100.70 billion current LCU | +8.2% |
| 1997 | -101.88 billion current LCU | +1.2% |
| 1998 | -126.89 billion current LCU | +24.5% |
| 1999 | -101.81 billion current LCU | -19.8% |
| 2000 | -127.11 billion current LCU | +24.8% |
| 2001 | -159.08 billion current LCU | +25.2% |
| 2002 | -146.02 billion current LCU | -8.2% |
| 2003 | -154.75 billion current LCU | +6.0% |
| 2004 | -180.46 billion current LCU | +16.6% |
| 2005 | -188.38 billion current LCU | +4.4% |
| 2006 | -199.82 billion current LCU | +6.1% |
| 2007 | -225.49 billion current LCU | +12.8% |
| 2008 | -238.01 billion current LCU | +5.5% |
| 2009 | -232.90 billion current LCU | -2.1% |
| 2010 | -266.47 billion current LCU | +14.4% |
| 2011 | -376.73 billion current LCU | +41.4% |
| 2012 | -269.06 billion current LCU | -28.6% |
| 2013 | -414.16 billion current LCU | +53.9% |
| 2014 | -398.94 billion current LCU | -3.7% |
| 2015 | -534.46 billion current LCU | +34.0% |
| 2016 | -467.07 billion current LCU | -12.6% |
| 2017 | -282.05 billion current LCU | -39.6% |
| 2018 | -348.02 billion current LCU | +23.4% |
| 2019 | -349.35 billion current LCU | +0.4% |
| 2020 | -384.58 billion current LCU | +10.1% |
| 2021 | -478.82 billion current LCU | +24.5% |
| 2022 | -623.29 billion current LCU | +30.2% |
| 2023 | -634.91 billion current LCU | +1.9% |
Togo compared with similar countries
- Togo's -634.91 billion current LCU is below the median for lower middle income countries, which is -57.12 billion current LCU, 11.1× the median. (45 countries reporting)
- Togo's -634.91 billion current LCU is below the median for Sub-Saharan Africa, which is -68.31 billion current LCU, 9.3× the median. (45 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services in Togo changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1985 | -1145.8% | -3.39 billion current LCU | -42.22 billion current LCU |
| 1974 | +488.3% | -8.63 billion current LCU | 33.52 billion current LCU |
| 1971 | -439.4% | -1.21 billion current LCU | -6.53 billion current LCU |
| 1968 | +225.0% | 564.88 million current LCU | 1.84 billion current LCU |
| 1975 | -200.3% | 33.52 billion current LCU | -33.64 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -1.51 billion current LCU | -4.74 billion current LCU | 1.84 billion current LCU | 7 |
| 1970s | -24.83 billion current LCU | -78.47 billion current LCU | 33.52 billion current LCU | 10 |
| 1980s | -46.75 billion current LCU | -68.82 billion current LCU | -3.39 billion current LCU | 10 |
| 1990s | -75.96 billion current LCU | -126.89 billion current LCU | -38.29 billion current LCU | 10 |
| 2000s | -185.20 billion current LCU | -238.01 billion current LCU | -127.11 billion current LCU | 10 |
| 2010s | -370.63 billion current LCU | -534.46 billion current LCU | -266.47 billion current LCU | 10 |
| 2020s | -530.40 billion current LCU | -634.91 billion current LCU | -384.58 billion current LCU | 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 in Togo?
- External balance on goods and services in Togo was -634.91 billion current LCU in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Togo?
- The highest recorded value was 33.52 billion current LCU in 1974.
- What is the lowest external balance on goods and services recorded in Togo?
- The lowest recorded value was -634.91 billion current LCU in 2023.
- How does Togo rank for external balance on goods and services?
- Togo ranks 159th out of 193 countries with data for 2023.
- Is external balance on goods and services rising or falling in Togo?
- Over the last ten years it is down 53.3%. The long-run trend across the full record is volatile.
- Where does this Togo data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 61 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.