Trade in services in Togo
Togo: Trade in services was 12.7% in 2020. ▬ Flat
Trade in services in Togo, 1974–2020
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for trade in services in Togo is 12.7%, measured in 2020.
Compared with earlier readings it is down 16.0% on the previous year and down 16.7% over ten years.
Over the whole period, trade in services in Togo peaked at 20.3% in 1985 and was at its lowest, 6.7%, in 1974.
Togo ranks 149th of 200 countries on this measure, in the middle of the range.
Trade in services in Togo, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1974 | 6.7% | — |
| 1975 | 11.1% | +67.1% |
| 1976 | 9.6% | -13.9% |
| 1977 | 10.7% | +12.1% |
| 1978 | 14.6% | +36.1% |
| 1979 | 15.1% | +3.5% |
| 1980 | 15.0% | -0.9% |
| 1981 | 17.9% | +19.3% |
| 1982 | 19.3% | +8.1% |
| 1983 | 17.4% | -9.9% |
| 1984 | 18.7% | +7.2% |
| 1985 | 20.3% | +8.8% |
| 1986 | 18.4% | -9.4% |
| 1987 | 17.9% | -2.9% |
| 1988 | 15.7% | -12.3% |
| 1989 | 17.0% | +8.1% |
| 1990 | 17.1% | +0.9% |
| 1991 | 17.8% | +4.1% |
| 1992 | 13.9% | -21.9% |
| 1993 | 12.2% | -12.1% |
| 1994 | 14.1% | +15.7% |
| 1995 | 13.6% | -3.8% |
| 1996 | 15.3% | +12.8% |
| 1997 | 12.1% | -21.1% |
| 1998 | 10.1% | -17.0% |
| 1999 | 8.9% | -11.0% |
| 2000 | 8.5% | -4.5% |
| 2001 | 9.6% | +12.9% |
| 2002 | 9.9% | +3.0% |
| 2003 | 10.0% | +1.0% |
| 2004 | 12.2% | +21.8% |
| 2005 | 13.3% | +8.7% |
| 2006 | 14.0% | +5.5% |
| 2007 | 14.4% | +2.9% |
| 2008 | 14.1% | -2.3% |
| 2009 | 14.2% | +0.9% |
| 2010 | 15.3% | +7.5% |
| 2011 | 18.1% | +18.8% |
| 2012 | 16.6% | -8.4% |
| 2013 | 15.9% | -4.3% |
| 2014 | 14.3% | -9.9% |
| 2015 | 15.0% | +4.4% |
| 2016 | 15.5% | +3.6% |
| 2017 | 15.6% | +0.8% |
| 2018 | 15.5% | -1.0% |
| 2019 | 15.1% | -2.1% |
| 2020 | 12.7% | -16.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.3% | 6.7% | 15.1% | 6 |
| 1980s | 17.8% | 15.0% | 20.3% | 10 |
| 1990s | 13.5% | 8.9% | 17.8% | 10 |
| 2000s | 12.0% | 8.5% | 14.4% | 10 |
| 2010s | 15.7% | 14.3% | 18.1% | 10 |
| 2020s | 12.7% | 12.7% | 12.7% | 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)
- 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)
- Gross capital formation (constant 2015 US$), per capita 474.82 constant 2015 US$ per person (2023)
- Imports of goods and services (current US$), annual growth rate 8.71 % change on previous year (2023)
- Imports of goods and services (current US$), per unit of GDP 0.3535 current US$ per US$ of GDP (2023)
- Imports of goods and services (current US$), per capita 417.92 current US$ per person (2023)
- Imports of goods and services (current LCU), annual growth rate 5.71 % change on previous year (2023)
- Imports of goods and services (current LCU), per unit of GDP 214.41 current LCU per US$ of GDP (2023)
Frequently asked questions
- What is trade in services in Togo?
- Trade in services in Togo was 12.7% in 2020, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Togo?
- The highest recorded value was 20.3% in 1985.
- What is the lowest trade in services recorded in Togo?
- The lowest recorded value was 6.7% in 1974.
- How does Togo rank for trade in services?
- Togo ranks 149th out of 200 countries with data for 2020.
- Is trade in services rising or falling in Togo?
- Over the last ten years it is down 16.7%. The long-run trend across the full record is flat.
- Where does this Togo data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. 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.