Togo
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| Introduction - Togo: | | Location - Togo: | | People - Togo: | | Government - Togo: | | Economy - Togo: | Economy overview | This small, sub-Saharan economy is heavily dependent on both commercial and subsistence agriculture, which provides employment for 65% of the labor force. Some basic foodstuffs must still be imported. Cocoa, coffee, and cotton generate about 40% of export earnings with cotton being the most important cash crop. Togo is the worlds fourth-largest producer of phosphate. The governments decade-long effort, supported by the World Bank and the IMF, to implement economic reform measures, encourage foreign investment, and bring revenues in line with expenditures has moved slowly. Progress depends on follow through on privatization, increased openness in government financial operations, progress toward legislative elections, and continued support from foreign donors. Togo is working with donors to write a Poverty Reduction and Growth Facility (PRGF) that could eventually lead to a debt reduction plan. | | Gdp purchasing power parity | $9.271 billion (2006 est.) | | Gdp official exchange rate | $2.089 billion (2006 est.) | | Gdp real growth rate | 2% (2006 est.) | | Gdp per capita ppp | $1,700 (2006 est.) | | Gdp composition by sector | agriculture: 39.5%
industry: 20.4%
services: 40.1% (2003 est.) | | Labor force | 1.302 million (1998) | | Labor force by occupation | agriculture: 65%
industry: 5%
services: 30% (1998 est.) | | Unemployment rate | NA% | | Population below poverty line | 32% (1989 est.) | | Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% | | Inflation rate consumer prices | 2.8% (2006 est.) | | Investment gross fixed | 22.4% of GDP (2006 est.) | | Budget | revenues: $260.2 million
expenditures: $311 million; including capital expenditures of $NA (2006 est.) | | Agriculture products | coffee, cocoa, cotton, yams, cassava (tapioca), corn, beans, rice, millet, sorghum; livestock; fish | | Industries | phosphate mining, agricultural processing, cement, handicrafts, textiles, beverages | | Industrial production growth rate | NA% | | Electricity production | 286.2 million kWh (2004) | | Electricity consumption | 929.2 million kWh (2004) | | Electricity exports | 0 kWh (2004) | | Electricity imports | 663 million kWh; note - electricity supplied by Ghana (2004) | | Oil production | 0 bbl/day (2004 est.) | | Oil consumption | 14,000 bbl/day (2004 est.) | | Oil exports | NA bbl/day | | Oil imports | NA bbl/day | | Oil proved reserves | 0 bbl | | Natural gas production | 0 cu m (2004 est.) | | Natural gas consumption | 0 cu m (2004 est.) | | Current account balance | -$261.9 million (2006 est.) | | Exports | $868.4 million f.o.b. (2006 est.) | | Exports commodities | reexports, cotton, phosphates, coffee, cocoa | | Exports partners | Ghana 16.7%, Burkina Faso 14.4%, Benin 9.1%, Belgium 6.1%, Mali 5.8%, Germany 5.4%, India 4.6%, Netherlands 4.6% (2006) | | Imports | $1.208 billion f.o.b. (2006 est.) | | Imports commodities | machinery and equipment, foodstuffs, petroleum products | | Imports partners | China 30.9%, UK 11.3%, France 9.2%, Netherlands 6.1%, Belgium 6%, US 4.8%, Estonia 4.3%, Cote dIvoire 4.1% (2006) | | Reserves of foreign exchange and gold | $333.9 million (2006 est.) | | Debt external | $2 billion (2005) | | Economic aid recipient | ODA, $80 million (2000 est.) | | Currency code | Communaute Financiere Africaine franc (XOF); note - responsible authority is the Central Bank of the West African States | | Exchange rates | Communaute Financiere Africaine francs (XOF) per US dollar - 522.59 (2006), 527.47 (2005), 528.29 (2004), 581.2 (2003), 696.99 (2002) | |
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This page was last updated on 16 September, 2007
Source: CIA >>> |
