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Togo

Togolese Republic

French West African CFA (XOF) French civil law
AU, ECOWAS, WAEMU, AfCFTA, WTO

Togo is a small West African economy that punches above its weight through its strategic Lome deep-water port, the only natural deep-water port in the region. The port handles transit goods for landlocked Burkina Faso, Niger, and Mali. Key sectors include phosphate mining, agriculture (coffee, cocoa, cotton), and port/logistics services. Togo has emerged as a digital economy pioneer in West Africa with its Togolese digital ID system and mobile-based cash transfer programs. The country benefits from CFA franc stability and is implementing an ambitious national development plan.

Snapshot

Population~8.6 MWorld Bank, 2025
GDP (current USD)$11.9 BWorld Bank, 2025
GDP per Capita$1,384World Bank, 2025
GDP Growth6.31%World Bank, 2025
Inflation (y/y)~0.43%World Bank, 2025
Policy Rate3.50%Central Bank
Unemployment2.00%World Bank, ILO modelled estimate, 2025
Internet Use~39.48%World Bank, 2024
Electrification~54.00%World Bank WDI
CPI Score (Rank)30.0/100 (#130)Transparency Intl
HDI (Rank)0.539 (#162)UNDP HDR

World Bank Indicators Compare with another country

GDP (current USD)$11.9 BWorld Bank, 2025
GDP growth (annual)6.31%World Bank, 2025
GDP per capita (USD)$1,384World Bank, 2025
Population, total8.6 MWorld Bank, 2025
FDI net inflows (USD)$83.8 MWorld Bank, 2024
Inflation (consumer prices)0.43%World Bank, 2025
Unemployment (% labour force)2.00%World Bank, 2025
Internet use (% of people)39.48%World Bank, 2024
Trade (% of GDP)59.93%World Bank, 2023

Country Facts

CapitalLome
RegionWest Africa
CurrencyWest African CFA (XOF)
FX RegimeFixed peg to EUR via CFA franc
Investment Promotion AgencyAPI-ZF (Investment Promotion & Free Zone Agency)
Legal SystemFrench civil law
Time ZoneAfrica/Lome

Focus Sectors

Port Services (Lome deepwater port)
Phosphates
Agriculture (coffee
cocoa
cotton)
Manufacturing
Trade & Transit
Telecoms
Construction
Financial Services
Digital Economy

Regulations & Taxes

Corporate Income Tax27% standard
VAT / Sales Tax18% standard