External balance on goods and services in Togo
Togo: External balance on goods and services was -10.8% in 2023. ◆ Volatile
External balance on goods and services in Togo, 1963–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for external balance on goods and services in Togo is -10.8%, measured in 2023.
That represents a change of up 6.8% on the previous year and up 22.7% over ten years.
Over the whole period, external balance on goods and services in Togo peaked at 17.6% in 1974 and was at its lowest, -29.9%, in 1978.
Togo ranks 132nd of 193 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 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)
- General government final consumption expenditure (current US$) 19.6 % change on previous year (2023)
- General government final consumption expenditure (current US$), per 0.1334 current US$ per US$ of GDP (2023)
- General government final consumption expenditure (current US$), per 157.76 current US$ per person (2023)
- General government final consumption expenditure (current LCU) 16.3 % change on previous year (2023)
- General government final consumption expenditure (current LCU), per 80.94 current LCU per US$ of GDP (2023)
- General government final consumption expenditure (current LCU), per 95,695 current LCU per person (2023)
- General government final consumption expenditure (constant 2015 US$) 15.67 % change on previous year (2023)
- General government final consumption expenditure (constant 2015 US$) 0.1238 constant 2015 US$ per US$ of GDP (2023)
Frequently asked questions
- What is external balance on goods and services in Togo?
- External balance on goods and services in Togo was -10.8% 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 17.6% in 1974.
- What is the lowest external balance on goods and services recorded in Togo?
- The lowest recorded value was -29.9% in 1978.
- How does Togo rank for external balance on goods and services?
- Togo ranks 132nd 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 up 22.7%. 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 (% of GDP). Statizoid updates them automatically from the source API.
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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 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.