Gross capital formation in Togo
Togo: Gross capital formation was 3.90 billion constant 2015 US$ in 2023. ◆ Volatile
Latest (2023)
3.90 billion constant 2015 US$
Change on year
down 10.3%
World rank
118th
of 163 countries
All-time high
4.35 billion constant 2015 US$
in 2022
All-time low
377.62 million constant 2015 US$
in 1993
Years of data
59
1965–2023
Gross capital formation in Togo, 1965–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2023, gross capital formation in Togo stood at 3.90 billion constant 2015 US$.
That represents a change of down 10.3% on the previous year and up 167.7% over ten years.
Over the whole period, gross capital formation in Togo peaked at 4.35 billion constant 2015 US$ in 2022 and was at its lowest, 377.62 million constant 2015 US$, in 1993.
Togo ranks 118th of 163 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Togo, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1965 | 800.91 million constant 2015 US$ | — |
| 1966 | 689.43 million constant 2015 US$ | -13.9% |
| 1967 | 551.54 million constant 2015 US$ | -20.0% |
| 1968 | 492.87 million constant 2015 US$ | -10.6% |
| 1969 | 619.02 million constant 2015 US$ | +25.6% |
| 1970 | 689.43 million constant 2015 US$ | +11.4% |
| 1971 | 762.77 million constant 2015 US$ | +10.6% |
| 1972 | 839.05 million constant 2015 US$ | +10.0% |
| 1973 | 880.12 million constant 2015 US$ | +4.9% |
| 1974 | 900.66 million constant 2015 US$ | +2.3% |
| 1975 | 1.32 billion constant 2015 US$ | +46.6% |
| 1976 | 1.08 billion constant 2015 US$ | -18.2% |
| 1977 | 1.92 billion constant 2015 US$ | +77.4% |
| 1978 | 2.25 billion constant 2015 US$ | +17.5% |
| 1979 | 2.13 billion constant 2015 US$ | -5.5% |
| 1980 | 1.40 billion constant 2015 US$ | -34.2% |
| 1981 | 1.36 billion constant 2015 US$ | -3.0% |
| 1982 | 1.13 billion constant 2015 US$ | -17.1% |
| 1983 | 896.16 million constant 2015 US$ | -20.4% |
| 1984 | 914.54 million constant 2015 US$ | +2.1% |
| 1985 | 1.11 billion constant 2015 US$ | +21.1% |
| 1986 | 1.44 billion constant 2015 US$ | +29.8% |
| 1987 | 1.38 billion constant 2015 US$ | -4.1% |
| 1988 | 1.34 billion constant 2015 US$ | -2.8% |
| 1989 | 1.37 billion constant 2015 US$ | +2.4% |
| 1990 | 1.72 billion constant 2015 US$ | +25.5% |
| 1991 | 1.10 billion constant 2015 US$ | -36.1% |
| 1992 | 998.98 million constant 2015 US$ | -9.2% |
| 1993 | 377.62 million constant 2015 US$ | -62.2% |
| 1994 | 706.52 million constant 2015 US$ | +87.1% |
| 1995 | 804.02 million constant 2015 US$ | +13.8% |
| 1996 | 963.60 million constant 2015 US$ | +19.8% |
| 1997 | 897.11 million constant 2015 US$ | -6.9% |
| 1998 | 1.12 billion constant 2015 US$ | +25.3% |
| 1999 | 1.05 billion constant 2015 US$ | -6.7% |
| 2000 | 1.08 billion constant 2015 US$ | +3.2% |
| 2001 | 1.10 billion constant 2015 US$ | +1.9% |
| 2002 | 1.20 billion constant 2015 US$ | +8.7% |
| 2003 | 1.33 billion constant 2015 US$ | +11.1% |
| 2004 | 1.38 billion constant 2015 US$ | +3.3% |
| 2005 | 1.05 billion constant 2015 US$ | -24.0% |
| 2006 | 931.48 million constant 2015 US$ | -10.9% |
| 2007 | 832.60 million constant 2015 US$ | -10.6% |
| 2008 | 833.54 million constant 2015 US$ | +0.1% |
| 2009 | 693.86 million constant 2015 US$ | -16.8% |
| 2010 | 882.24 million constant 2015 US$ | +27.1% |
| 2011 | 921.05 million constant 2015 US$ | +4.4% |
| 2012 | 914.77 million constant 2015 US$ | -0.7% |
| 2013 | 1.46 billion constant 2015 US$ | +59.4% |
| 2014 | 1.15 billion constant 2015 US$ | -21.4% |
| 2015 | 1.45 billion constant 2015 US$ | +26.5% |
| 2016 | 2.27 billion constant 2015 US$ | +56.8% |
| 2017 | 1.99 billion constant 2015 US$ | -12.5% |
| 2018 | 2.34 billion constant 2015 US$ | +17.9% |
| 2019 | 2.44 billion constant 2015 US$ | +4.3% |
| 2020 | 2.68 billion constant 2015 US$ | +9.7% |
| 2021 | 3.06 billion constant 2015 US$ | +14.1% |
| 2022 | 4.35 billion constant 2015 US$ | +42.2% |
| 2023 | 3.90 billion constant 2015 US$ | -10.3% |
Togo compared with similar countries
- Togo's 3.90 billion constant 2015 US$ is below the median for lower middle income countries, which is 5.34 billion constant 2015 US$, 73% of the median. (42 countries reporting)
- Togo's 3.90 billion constant 2015 US$ is below the median for Sub-Saharan Africa, which is 4.33 billion constant 2015 US$, 90% of the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 630.75 million constant 2015 US$ | 492.87 million constant 2015 US$ | 800.91 million constant 2015 US$ | 5 |
| 1970s | 1.28 billion constant 2015 US$ | 689.43 million constant 2015 US$ | 2.25 billion constant 2015 US$ | 10 |
| 1980s | 1.23 billion constant 2015 US$ | 896.16 million constant 2015 US$ | 1.44 billion constant 2015 US$ | 10 |
| 1990s | 974.33 million constant 2015 US$ | 377.62 million constant 2015 US$ | 1.72 billion constant 2015 US$ | 10 |
| 2000s | 1.04 billion constant 2015 US$ | 693.86 million constant 2015 US$ | 1.38 billion constant 2015 US$ | 10 |
| 2010s | 1.58 billion constant 2015 US$ | 882.24 million constant 2015 US$ | 2.44 billion constant 2015 US$ | 10 |
| 2020s | 3.50 billion constant 2015 US$ | 2.68 billion constant 2015 US$ | 4.35 billion constant 2015 US$ | 4 |
Countries ranked near Togo
- 115 Tajikistan 4.28 billion constant 2015 US$ compare
- 116 Zimbabwe 4.02 billion constant 2015 US$ compare
- 117 Congo 3.93 billion constant 2015 US$ compare
- 119 Bahamas 3.74 billion constant 2015 US$ compare
- 120 Malta 3.70 billion constant 2015 US$ compare
- 121 Brunei 3.70 billion constant 2015 US$ compare
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$) 19.6 % change on previous year (2023)
Frequently asked questions
- What is gross capital formation in Togo?
- Gross capital formation in Togo was 3.90 billion constant 2015 US$ 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 4.35 billion constant 2015 US$ in 2022.
- What is the lowest gross capital formation recorded in Togo?
- The lowest recorded value was 377.62 million constant 2015 US$ in 1993.
- How does Togo rank for gross capital formation?
- Togo ranks 118th out of 163 countries with data for 2023.
- Is gross capital formation rising or falling in Togo?
- Over the last ten years it is up 167.7%. 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 Gross capital formation (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 59 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.