Gross domestic savings in Togo
Togo: Gross domestic savings 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 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% |
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
- 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)
- Households and NPISHs Final consumption expenditure (current LCU) 10.12 % change on previous year (2023)
- Households and NPISHs Final consumption expenditure (current LCU) 455.13 current LCU per US$ of GDP (2023)
- Households and NPISHs Final consumption expenditure (current LCU) 538,114 current LCU per person (2023)
- Households and NPISHs Final consumption expenditure (constant 2015) 6.02 % change on previous year (2023)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.6529 constant 2015 US$ per US$ of GDP (2023)
- Households and NPISHs Final consumption expenditure (constant 2015) 771.99 constant 2015 US$ per person (2023)
- Final consumption expenditure (current US$), annual growth rate 14.16 % change on previous year (2023)
- Final consumption expenditure (current US$), per unit of GDP 0.8838 current US$ per US$ of GDP (2023)
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
CSV · JSON — 61 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.