Gross savings in Togo
Togo: Gross savings was 19.5% in 2020. ▼ Falling
Gross savings in Togo, 1974–2020
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Togo recorded 19.5% for gross savings in 2020.
That represents a change of up 9.7% on the previous year and up 69.8% over ten years.
Over the whole period, gross savings in Togo peaked at 39.4% in 1974 and was at its lowest, 4.2%, in 1993.
That places Togo 103rd out of 178 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 47 years of available data.
Gross savings in Togo, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1974 | 39.4% | — |
| 1975 | 14.7% | -62.8% |
| 1976 | 20.9% | +42.5% |
| 1977 | 22.8% | +9.1% |
| 1978 | 21.9% | -4.1% |
| 1979 | 28.1% | +28.5% |
| 1980 | 24.4% | -13.1% |
| 1981 | 18.0% | -26.3% |
| 1982 | 14.3% | -20.5% |
| 1983 | 15.8% | +10.5% |
| 1984 | 17.7% | +11.6% |
| 1985 | 22.4% | +26.6% |
| 1986 | 21.2% | -5.3% |
| 1987 | 18.0% | -15.2% |
| 1988 | 14.5% | -19.2% |
| 1989 | 11.6% | -20.0% |
| 1990 | 33.2% | +185.8% |
| 1991 | 32.1% | -3.2% |
| 1992 | 31.6% | -1.8% |
| 1993 | 4.2% | -86.6% |
| 1994 | 29.9% | +606.3% |
| 1995 | 32.2% | +7.7% |
| 1996 | 20.7% | -35.8% |
| 1997 | 21.3% | +2.9% |
| 1998 | 14.3% | -32.7% |
| 1999 | 14.5% | +0.9% |
| 2000 | 22.9% | +58.1% |
| 2001 | 21.2% | -7.1% |
| 2002 | 24.9% | +17.0% |
| 2003 | 26.7% | +7.3% |
| 2004 | 29.1% | +9.0% |
| 2005 | 18.8% | -35.4% |
| 2006 | 13.7% | -27.0% |
| 2007 | 12.9% | -6.1% |
| 2008 | 12.2% | -5.3% |
| 2009 | 10.7% | -12.0% |
| 2010 | 11.5% | +7.1% |
| 2011 | 14.5% | +25.8% |
| 2012 | 12.5% | -13.3% |
| 2013 | 13.0% | +3.4% |
| 2014 | 15.5% | +19.3% |
| 2015 | 17.4% | +12.6% |
| 2016 | 13.5% | -22.4% |
| 2017 | 15.6% | +15.2% |
| 2018 | 16.5% | +5.9% |
| 2019 | 17.8% | +7.9% |
| 2020 | 19.5% | +9.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 24.6% | 14.7% | 39.4% | 6 |
| 1980s | 17.8% | 11.6% | 24.4% | 10 |
| 1990s | 23.4% | 4.2% | 33.2% | 10 |
| 2000s | 19.3% | 10.7% | 29.1% | 10 |
| 2010s | 14.8% | 11.5% | 17.8% | 10 |
| 2020s | 19.5% | 19.5% | 19.5% | 1 |
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)
- Manufacturing, value added (current US$), per unit of GDP 0.1142 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 144.57 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 69.24 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 87,657 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.108 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 136.74 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 79,659 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 14.83 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Togo?
- Gross savings in Togo was 19.5% in 2020, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Togo?
- The highest recorded value was 39.4% in 1974.
- What is the lowest gross savings recorded in Togo?
- The lowest recorded value was 4.2% in 1993.
- How does Togo rank for gross savings?
- Togo ranks 103rd out of 178 countries with data for 2020.
- Is gross savings rising or falling in Togo?
- Over the last ten years it is up 69.8%. 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 Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.