Gross domestic savings (% of GDP) in Togo
Togo: Gross domestic savings (% of GDP) was 11.6% in 2023. ▼ Falling
Gross domestic savings 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 gross domestic savings in Togo is 11.6%, measured in 2023.
That represents a change of down 10.2% on the previous year and up 41.9% over ten years.
Over the whole period, gross domestic savings in Togo peaked at 34.6% in 1974 and was at its lowest, 0.1%, in 1993.
Togo ranks 135th of 188 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 61 years of available data.
Gross domestic savings (% of GDP) in Togo, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1963 | 2.5% | — |
| 1964 | 13.3% | +437.9% |
| 1965 | 17.5% | +31.5% |
| 1966 | 14.7% | -15.9% |
| 1967 | 13.3% | -9.2% |
| 1968 | 13.0% | -2.3% |
| 1969 | 14.9% | +14.8% |
| 1970 | 13.2% | -11.9% |
| 1971 | 12.3% | -6.3% |
| 1972 | 12.8% | +3.7% |
| 1973 | 14.9% | +16.8% |
| 1974 | 34.6% | +131.6% |
| 1975 | 10.5% | -69.6% |
| 1976 | 17.1% | +62.5% |
| 1977 | 20.2% | +18.2% |
| 1978 | 19.3% | -4.3% |
| 1979 | 23.3% | +20.3% |
| 1980 | 21.6% | -7.3% |
| 1981 | 15.0% | -30.4% |
| 1982 | 12.2% | -18.4% |
| 1983 | 13.8% | +12.7% |
| 1984 | 14.3% | +3.5% |
| 1985 | 18.7% | +31.1% |
| 1986 | 16.6% | -11.3% |
| 1987 | 14.7% | -11.3% |
| 1988 | 10.6% | -28.3% |
| 1989 | 7.7% | -27.3% |
| 1990 | 28.9% | +276.3% |
| 1991 | 28.5% | -1.2% |
| 1992 | 28.9% | +1.4% |
| 1993 | 0.1% | -99.7% |
| 1994 | 27.3% | +37574.5% |
| 1995 | 27.6% | +1.1% |
| 1996 | 17.8% | -35.4% |
| 1997 | 17.9% | +0.5% |
| 1998 | 11.4% | -36.6% |
| 1999 | 13.0% | +14.1% |
| 2000 | 21.0% | +61.9% |
| 2001 | 18.9% | -9.8% |
| 2002 | 21.9% | +15.8% |
| 2003 | 23.2% | +5.6% |
| 2004 | 24.8% | +7.2% |
| 2005 | 14.0% | -43.6% |
| 2006 | 7.5% | -46.5% |
| 2007 | 6.3% | -16.7% |
| 2008 | 5.4% | -13.2% |
| 2009 | 4.0% | -26.3% |
| 2010 | 4.5% | +12.2% |
| 2011 | 5.2% | +14.9% |
| 2012 | 8.0% | +54.3% |
| 2013 | 8.2% | +2.9% |
| 2014 | 9.7% | +18.9% |
| 2015 | 9.5% | -2.7% |
| 2016 | 7.2% | -24.3% |
| 2017 | 9.2% | +28.7% |
| 2018 | 10.2% | +10.7% |
| 2019 | 10.1% | -1.4% |
| 2020 | 10.9% | +8.0% |
| 2021 | 11.4% | +4.7% |
| 2022 | 12.9% | +13.6% |
| 2023 | 11.6% | -10.2% |
Togo compared with similar countries
- Togo's 11.6% is below the median for lower middle income countries, which is 12.2%, 95% of the median. (45 countries reporting)
- Togo's 11.6% is below the median for Sub-Saharan Africa, which is 14.7%, 79% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (% of GDP) 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 |
|---|---|---|---|
| 1994 | +37574.5% | 0.1% | 27.3% |
| 1964 | +437.9% | 2.5% | 13.3% |
| 1990 | +276.3% | 7.7% | 28.9% |
| 1974 | +131.6% | 14.9% | 34.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 12.7% | 2.5% | 17.5% | 7 |
| 1970s | 17.8% | 10.5% | 34.6% | 10 |
| 1980s | 14.5% | 7.7% | 21.6% | 10 |
| 1990s | 20.1% | 0.1% | 28.9% | 10 |
| 2000s | 14.7% | 4.0% | 24.8% | 10 |
| 2010s | 8.2% | 4.5% | 10.2% | 10 |
| 2020s | 11.7% | 10.9% | 12.9% | 4 |
Countries ranked near Togo
More economy & growth data for Togo
- Real gdp growth, annual growth rate -1.53 % change on previous year (2023)
- 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)
- SDRs holdings, US dollar, annual growth rate 7.57 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0335 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 46.36 units per person (2025)
- SDRs holdings, SDR, annual growth rate 2.43 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0245 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 33.85 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.98 % change on previous year (2025)
Frequently asked questions
- What is gross domestic savings in Togo?
- Gross domestic savings in Togo was 11.6% in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Togo?
- The highest recorded value was 34.6% in 1974.
- What is the lowest gross domestic savings recorded in Togo?
- The lowest recorded value was 0.1% in 1993.
- How does Togo rank for gross domestic savings?
- Togo ranks 135th out of 188 countries with data for 2023.
- Is gross domestic savings rising or falling in Togo?
- Over the last ten years it is up 41.9%. The long-run trend across the full record is falling.
- 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 domestic savings (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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.