Gross capital formation in Togo
Togo: Gross capital formation was -10.3% in 2023. ◆ Volatile
Gross capital formation in Togo, 1966–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
The most recent figure for gross capital formation in Togo is -10.3%, measured in 2023.
Compared with earlier readings it is down 124.3% on the previous year and down 117.3% over ten years.
Over the whole period, gross capital formation in Togo peaked at 87.1% in 1994 and was at its lowest, -62.2%, in 1993.
That places Togo 156th out of 168 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.
Gross capital formation in Togo, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1966 | -13.9% | — |
| 1967 | -20.0% | +43.7% |
| 1968 | -10.6% | -46.8% |
| 1969 | 25.6% | -340.6% |
| 1970 | 11.4% | -55.6% |
| 1971 | 10.6% | -6.5% |
| 1972 | 10.0% | -6.0% |
| 1973 | 4.9% | -51.0% |
| 1974 | 2.3% | -52.3% |
| 1975 | 46.6% | +1896.3% |
| 1976 | -18.2% | -139.1% |
| 1977 | 77.4% | -525.0% |
| 1978 | 17.5% | -77.3% |
| 1979 | -5.5% | -131.6% |
| 1980 | -34.2% | +516.5% |
| 1981 | -3.0% | -91.4% |
| 1982 | -17.1% | +478.2% |
| 1983 | -20.4% | +19.4% |
| 1984 | 2.1% | -110.1% |
| 1985 | 21.1% | +928.9% |
| 1986 | 29.8% | +41.1% |
| 1987 | -4.1% | -113.8% |
| 1988 | -2.8% | -32.0% |
| 1989 | 2.4% | -186.8% |
| 1990 | 25.5% | +949.4% |
| 1991 | -36.1% | -241.5% |
| 1992 | -9.2% | -74.5% |
| 1993 | -62.2% | +576.1% |
| 1994 | 87.1% | -240.0% |
| 1995 | 13.8% | -84.2% |
| 1996 | 19.8% | +43.8% |
| 1997 | -6.9% | -134.8% |
| 1998 | 25.3% | -466.7% |
| 1999 | -6.7% | -126.5% |
| 2000 | 3.2% | -147.8% |
| 2001 | 1.9% | -41.1% |
| 2002 | 8.7% | +362.7% |
| 2003 | 11.1% | +27.3% |
| 2004 | 3.3% | -70.2% |
| 2005 | -24.0% | -825.6% |
| 2006 | -10.9% | -54.5% |
| 2007 | -10.6% | -2.8% |
| 2008 | 0.1% | -101.1% |
| 2009 | -16.8% | -14838.9% |
| 2010 | 27.1% | -262.0% |
| 2011 | 4.4% | -83.8% |
| 2012 | -0.7% | -115.5% |
| 2013 | 59.4% | -8819.4% |
| 2014 | -21.4% | -136.0% |
| 2015 | 26.5% | -223.6% |
| 2016 | 56.8% | +114.6% |
| 2017 | -12.5% | -122.1% |
| 2018 | 17.9% | -242.6% |
| 2019 | 4.3% | -75.9% |
| 2020 | 9.7% | +125.4% |
| 2021 | 14.1% | +45.5% |
| 2022 | 42.2% | +198.7% |
| 2023 | -10.3% | -124.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -4.7% | -20.0% | 25.6% | 4 |
| 1970s | 15.7% | -18.2% | 77.4% | 10 |
| 1980s | -2.6% | -34.2% | 29.8% | 10 |
| 1990s | 5.0% | -62.2% | 87.1% | 10 |
| 2000s | -3.4% | -24.0% | 11.1% | 10 |
| 2010s | 16.2% | -21.4% | 59.4% | 10 |
| 2020s | 13.9% | -10.3% | 42.2% | 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)
- Services, value added (constant LCU), per capita 398,077 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 0.8489 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 26.53 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 1.03 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 1,426 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 21.43 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 599.69 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 829,903 current LCU per person (2025)
Frequently asked questions
- What is gross capital formation in Togo?
- Gross capital formation in Togo was -10.3% in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Togo?
- The highest recorded value was 87.1% in 1994.
- What is the lowest gross capital formation recorded in Togo?
- The lowest recorded value was -62.2% in 1993.
- How does Togo rank for gross capital formation?
- Togo ranks 156th out of 168 countries with data for 2023.
- Is gross capital formation rising or falling in Togo?
- Over the last ten years it is down 117.3%. 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 Gross capital formation (annual % growth). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 58 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.