Togo Government Debt To GDP

Togo recorded a Government Debt to GDP of 17.80 percent of the countrys Gross Domestic Product in 2011. Government Debt To GDP in Togo is reported by the Central Bank of West African States. From 2003 until 2011, Togo Government Debt To GDP averaged 47.7 Percent reaching an all time high of 86.3 Percent in December of 2007 and a record low of 17.1 Percent in December of 2010. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Togo Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
17.80 17.10 86.30 17.10 15.43 | 2012/12 2003 - 2011 Percent Yearly

TO

Togo Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Credit Rating 15.00 [+]
Government Debt To GDP 17.80 2011-12-31 17.10 86.30 17.10 15.43 2012-12-31 Percent [+]
Government Budget -4.10 2012-12-31 -3.80 2.40 -4.10 -4.69 2013-12-31 Percent of GDP [+]
[+]


Government Debt to GDP | Notes
Government debt as a percent of GDP, also known as debt-to-GDP ratio, is the amount of national debt a country has in percentage of its Gross Domestic Product. Basically, Government debt is the money owed by the central government to its creditors. There are two types of government debt: net and gross. Gross debt is the accumulation of outstanding government debt which may be in the form of government bonds, credit default swaps, currency swaps, special drawing rights, loans, insurance and pensions. Net debt is the difference between gross debt and the financial assets that government holds. The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations.


RELATED NEWS

Togo Inflation Rate at -0.70 Percent  
The inflation rate in Togo was recorded at -0.70 percent in March of 2014. Inflation Rate in Togo is reported by the DGSCN, Togo.
Togo Sales Tax Rate at 18.00 Percent  
The Sales Tax Rate in Togo stands at 18 percent. Sales Tax Rate in Togo is reported by the General Direction of Taxes.
Togo Balance of Trade at -48.49 CFA Franc Billion  
Togo recorded a trade deficit of 48.49 CFA Franc Billion in June of 2012. Balance of Trade in Togo is reported by the DGSCN, Togo.
Togo Interest Rate at 3.50 Percent  
The benchmark interest rate in Togo was last recorded at 3.50 percent. Interest Rate in Togo is reported by the Central Bank of West African States (BCEAO).
Togo Current Account at -176.67 USD Million  
Togo recorded a Current Account deficit of 176.67 USD Million in 2011. Current Account in Togo is reported by the World Bank.
Togo GDP per capita at 412.79 USD  
The Gross Domestic Product per capita in Togo was last recorded at 412.79 US dollars in 2012. The GDP per Capita in Togo is equivalent to 3 percent of the worlds average. GDP per capita in Togo is reported by the World Bank.
Togo GDP per capita PPP at 905.79 USD  
The Gross Domestic Product per capita in Togo was last recorded at 905.79 US dollars in 2012, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Togo, when adjusted by Purchasing Power Parity is equivalent to 4 percent of the worlds average. GDP per capita PPP in Togo is reported by the World Bank.
Togo Population at 6.64 Million  
The total population in Togo was last recorded at 6.6 million people in 2012 from 1.6 million in 1960, changing 320 percent during the last 50 years. Population in Togo is reported by the World Bank.
Togo GDP at 3.81 USD Billion  
The Gross Domestic Product (GDP) in Togo was worth 3.81 billion US dollars in 2012. The GDP value of Togo represents 0.01 percent of the world economy. GDP in Togo is reported by the World Bank.
Togo Current Account to GDP at -8.60 Percent  
Togo recorded a Current Account deficit of 8.60 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Togo is reported by the Central Bank of West African States.
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