Gross capital formation in Togo
Togo: Gross capital formation was 22.4% in 2023. ▬ Flat
Gross capital formation in Togo, 1963–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Togo recorded 22.4% for gross capital formation in 2023.
That represents a change of down 8.6% on the previous year and up 1.2% over ten years.
Over the whole period, gross capital formation in Togo peaked at 50.7% in 1979 and was at its lowest, 7.8%, in 1993.
That places Togo 101st out of 187 countries with data for 2023, putting it in the middle of the range.
Gross capital formation in Togo, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1963 | 11.7% | — |
| 1964 | 21.4% | +82.1% |
| 1965 | 23.7% | +10.9% |
| 1966 | 16.4% | -30.8% |
| 1967 | 12.6% | -22.9% |
| 1968 | 10.9% | -14.1% |
| 1969 | 13.2% | +21.8% |
| 1970 | 14.4% | +8.8% |
| 1971 | 18.1% | +25.6% |
| 1972 | 20.1% | +11.2% |
| 1973 | 21.7% | +7.9% |
| 1974 | 16.9% | -22.0% |
| 1975 | 28.5% | +68.7% |
| 1976 | 27.0% | -5.4% |
| 1977 | 38.9% | +43.9% |
| 1978 | 49.2% | +26.6% |
| 1979 | 50.7% | +3.0% |
| 1980 | 34.8% | -31.4% |
| 1981 | 30.7% | -11.8% |
| 1982 | 25.4% | -17.3% |
| 1983 | 21.8% | -14.0% |
| 1984 | 15.0% | -31.0% |
| 1985 | 27.4% | +82.5% |
| 1986 | 28.4% | +3.3% |
| 1987 | 24.1% | -15.0% |
| 1988 | 22.4% | -7.0% |
| 1989 | 17.0% | -24.4% |
| 1990 | 36.1% | +113.1% |
| 1991 | 37.4% | +3.6% |
| 1992 | 36.6% | -2.1% |
| 1993 | 7.8% | -78.6% |
| 1994 | 33.3% | +324.5% |
| 1995 | 37.7% | +13.4% |
| 1996 | 27.4% | -27.5% |
| 1997 | 26.2% | -4.3% |
| 1998 | 21.0% | -19.9% |
| 1999 | 20.4% | -2.7% |
| 2000 | 29.5% | +44.6% |
| 2001 | 29.3% | -0.6% |
| 2002 | 30.7% | +4.6% |
| 2003 | 32.1% | +4.6% |
| 2004 | 35.6% | +10.8% |
| 2005 | 25.1% | -29.4% |
| 2006 | 19.0% | -24.2% |
| 2007 | 18.8% | -1.3% |
| 2008 | 17.1% | -9.0% |
| 2009 | 14.5% | -15.2% |
| 2010 | 15.8% | +9.3% |
| 2011 | 19.9% | +25.7% |
| 2012 | 17.7% | -11.1% |
| 2013 | 22.1% | +25.0% |
| 2014 | 22.4% | +1.2% |
| 2015 | 25.2% | +12.5% |
| 2016 | 20.2% | -20.0% |
| 2017 | 16.8% | -16.5% |
| 2018 | 19.1% | +13.7% |
| 2019 | 18.6% | -2.8% |
| 2020 | 19.8% | +6.5% |
| 2021 | 21.5% | +8.6% |
| 2022 | 24.5% | +13.9% |
| 2023 | 22.4% | -8.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 15.7% | 10.9% | 23.7% | 7 |
| 1970s | 28.5% | 14.4% | 50.7% | 10 |
| 1980s | 24.7% | 15.0% | 34.8% | 10 |
| 1990s | 28.4% | 7.8% | 37.7% | 10 |
| 2000s | 25.2% | 14.5% | 35.6% | 10 |
| 2010s | 19.8% | 15.8% | 25.2% | 10 |
| 2020s | 22.1% | 19.8% | 24.5% | 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)
- Gross capital formation (current US$), annual growth rate 2.77 % change on previous year (2023)
- Gross capital formation (current US$), per unit of GDP 0.2239 current US$ per US$ of GDP (2023)
- Gross capital formation (current US$), per capita 264.7 current US$ per person (2023)
- Gross capital formation (current LCU), annual growth rate -0.0651 % change on previous year (2023)
- Gross capital formation (current LCU), per unit of GDP 135.8 current LCU per US$ of GDP (2023)
- Gross capital formation (current LCU), per capita 160,559 current LCU per person (2023)
- Gross capital formation (constant 2015 US$), annual growth rate -10.26 % change on previous year (2023)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.4016 constant 2015 US$ per US$ of GDP (2023)
Frequently asked questions
- What is gross capital formation in Togo?
- Gross capital formation in Togo was 22.4% 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 50.7% in 1979.
- What is the lowest gross capital formation recorded in Togo?
- The lowest recorded value was 7.8% in 1993.
- How does Togo rank for gross capital formation?
- Togo ranks 101st out of 187 countries with data for 2023.
- Is gross capital formation rising or falling in Togo?
- Over the last ten years it is up 1.2%. The long-run trend across the full record is flat.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
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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 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.