Economy Of Togo - Togo Information

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Economy Of Togo
Togo Information - Country Guides

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 world's fourth-largest producer of phosphate, but production fell an estimated 22% in 2002 due to power shortages and the cost of developing new deposits. The government's 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 following through on privatization, increased openness in government financial operations, progress toward legislative elections, and continued support from foreign donors.
GDP	purchasing power parity - $8.257 billion (2004 est.)
GDP - real growth rate	3.3% (2004 est.)
GDP - per capita	purchasing power parity - $1,500 (2004 est.)
GDP - composition by sector	agriculture: 39.5% industry: 20.4% services: 40.1% (2003 est.)
Investment gross fixed	18.4% of GDP (2004 est.)
Population below poverty line	32% (1989 est.)
Household income or consumption by percentage share	lowest 10%: na highest 10%: na
Distribution of family income - Gini index
Inflation rate consumer prices	-1% (2004 est.)
Labor force	1.74 million (1996)
Labor force by occupation	agriculture 65%, industry 5%, services 30% (1998 est.)
Unemployment rate	NA (2003 est.)
Budget	revenues: $214.5 million expenditures: $296.4 million, including capital expenditures of na (2004 est.)
Public debt
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	101.6 million kWh (2001)
Electricity production by source	fossil fuel: 98.7% hydro: 1.3% other: 0% (2001) nuclear: 0%
Electricity consumption	614.5 million kWh (2001)
Electricity exports	0 kWh (2001)
Electricity imports	520 million kWh; note - electricity supplied by Ghana (2001)
Oil production	0 bbl/day (2001 est.)
Oil consumption	10,000 bbl/day (2001 est.)
Oil exports	NA (2001)
Oil imports	NA (2001)
Oil proved reserves
Natural gas production
Natural gas consumption
Natural gas exports
Natural gas imports
Natural gas proved reserves
Current account balance	$-140 million (2004 est.)
Exports	$398.1 million f.o.b. (2004 est.)
Exports commodities	reexports, cotton, phosphates, coffee, cocoa
Exports partners	Burkina Faso 16.6%, Ghana 15.4%, Netherlands 13%, Benin 9.6%, Mali 7.7% (2003)
Imports	$501.3 million f.o.b. (2003 est.)
Imports commodities	machinery and equipment, foodstuffs, petroleum products
Imports partners	France 21.1%, Netherlands 12.1%, Cote d'Ivoire 5.9%, Germany 4.6%, Italy 4.4%, South Africa 4.3%, China 4.1% (2003)
Reserves of foreign exchange gold	$257 million (2004 est.)
Debt external	$1.4 billion (2000)
Economic aid recipient	ODA $80 million (2000 est.)
Currency	Communaute Financiere Africaine franc (XOF); note - responsible authority is the Central Bank of the West African States
Currency code	XOF
Exchange rates	Communaute Financiere Africaine francs (XOF) per US dollar - 581.2 (2003), 696.988 (2002), 733.039 (2001), 711.976 (2000), 615.699 (1999)
Fiscal year	calendar year

Togolese Flag Map Of Togo Gen language Kabiye language

Economy Of TogoTogo Information - Country Guides

Economy Of Togo
Togo Information - Country Guides