Gross fixed capital formation in Togo
Togo: Gross fixed capital formation was 1.03 trillion constant LCU in 2023. ◆ Volatile
Latest (2023)
1.03 trillion constant LCU
Change on year
down 19.8%
World rank
54th
of 168 countries
All-time high
1.28 trillion constant LCU
in 2022
All-time low
92.00 billion constant LCU
in 1993
Years of data
44
1980–2023
Gross fixed capital formation in Togo, 1980–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2023, gross fixed capital formation in Togo stood at 1.03 trillion constant LCU.
The figure is down 19.8% on the previous year and up 174.3% over ten years.
Over the whole period, gross fixed capital formation in Togo peaked at 1.28 trillion constant LCU in 2022 and was at its lowest, 92.00 billion constant LCU, in 1993.
That places Togo 54th out of 168 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in Togo, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1980 | 235.70 billion constant LCU | — |
| 1981 | 206.04 billion constant LCU | -12.6% |
| 1982 | 179.12 billion constant LCU | -13.1% |
| 1983 | 135.02 billion constant LCU | -24.6% |
| 1984 | 163.12 billion constant LCU | +20.8% |
| 1985 | 186.53 billion constant LCU | +14.4% |
| 1986 | 236.35 billion constant LCU | +26.7% |
| 1987 | 246.42 billion constant LCU | +4.3% |
| 1988 | 252.68 billion constant LCU | +2.5% |
| 1989 | 251.45 billion constant LCU | -0.5% |
| 1990 | 272.75 billion constant LCU | +8.5% |
| 1991 | 193.76 billion constant LCU | -29.0% |
| 1992 | 169.73 billion constant LCU | -12.4% |
| 1993 | 92.00 billion constant LCU | -45.8% |
| 1994 | 94.02 billion constant LCU | +2.2% |
| 1995 | 113.01 billion constant LCU | +20.2% |
| 1996 | 158.90 billion constant LCU | +40.6% |
| 1997 | 149.10 billion constant LCU | -6.2% |
| 1998 | 191.50 billion constant LCU | +28.4% |
| 1999 | 185.17 billion constant LCU | -3.3% |
| 2000 | 192.20 billion constant LCU | +3.8% |
| 2001 | 200.18 billion constant LCU | +4.1% |
| 2002 | 207.55 billion constant LCU | +3.7% |
| 2003 | 225.68 billion constant LCU | +8.7% |
| 2004 | 208.08 billion constant LCU | -7.8% |
| 2005 | 225.01 billion constant LCU | +8.1% |
| 2006 | 245.38 billion constant LCU | +9.1% |
| 2007 | 217.26 billion constant LCU | -11.5% |
| 2008 | 260.37 billion constant LCU | +19.8% |
| 2009 | 285.30 billion constant LCU | +9.6% |
| 2010 | 319.40 billion constant LCU | +12.0% |
| 2011 | 319.43 billion constant LCU | +0.0% |
| 2012 | 328.54 billion constant LCU | +2.9% |
| 2013 | 374.13 billion constant LCU | +13.9% |
| 2014 | 383.46 billion constant LCU | +2.5% |
| 2015 | 443.74 billion constant LCU | +15.7% |
| 2016 | 804.00 billion constant LCU | +81.2% |
| 2017 | 637.90 billion constant LCU | -20.7% |
| 2018 | 696.16 billion constant LCU | +9.1% |
| 2019 | 725.62 billion constant LCU | +4.2% |
| 2020 | 837.11 billion constant LCU | +15.4% |
| 2021 | 979.06 billion constant LCU | +17.0% |
| 2022 | 1.28 trillion constant LCU | +30.7% |
| 2023 | 1.03 trillion constant LCU | -19.8% |
Togo compared with similar countries
- Togo's 1.03 trillion constant LCU is above the median for lower middle income countries, which is 109.54 billion constant LCU, 9.4× the median. (44 countries reporting)
- Togo's 1.03 trillion constant LCU is above the median for Sub-Saharan Africa, which is 949.72 billion constant LCU, 1.1× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 209.24 billion constant LCU | 135.02 billion constant LCU | 252.68 billion constant LCU | 10 |
| 1990s | 161.99 billion constant LCU | 92.00 billion constant LCU | 272.75 billion constant LCU | 10 |
| 2000s | 226.70 billion constant LCU | 192.20 billion constant LCU | 285.30 billion constant LCU | 10 |
| 2010s | 503.24 billion constant LCU | 319.40 billion constant LCU | 804.00 billion constant LCU | 10 |
| 2020s | 1.03 trillion constant LCU | 837.11 billion constant LCU | 1.28 trillion constant LCU | 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)
- 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 fixed capital formation in Togo?
- Gross fixed capital formation in Togo was 1.03 trillion constant LCU in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Togo?
- The highest recorded value was 1.28 trillion constant LCU in 2022.
- What is the lowest gross fixed capital formation recorded in Togo?
- The lowest recorded value was 92.00 billion constant LCU in 1993.
- How does Togo rank for gross fixed capital formation?
- Togo ranks 54th out of 168 countries with data for 2023.
- Is gross fixed capital formation rising or falling in Togo?
- Over the last ten years it is up 174.3%. 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 fixed capital formation (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 44 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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 varies by country. This series is expressed in local currency units.