Togo recorded a Current Account deficit of 3.30 percent of the country's Gross Domestic Product in 2024. Current Account to GDP in Togo averaged -7.94 percent of GDP from 1974 until 2024, reaching an all time high of 23.50 percent of GDP in 1974 and a record low of -26.40 percent of GDP in 1978. source: African Development Bank Group

Current Account to GDP in Togo is expected to reach -2.30 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Togo Current Account to GDP is projected to trend around -2.10 percent of GDP in 2026, according to our econometric models.



Related Last Previous Unit Reference
Current Account -238.30 -222.00 XOF Billion Dec 2024
Current Account to GDP -3.30 -3.20 percent of GDP Dec 2024
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Terrorism Index 5.00 4.67 Points Dec 2024



Togo Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
-3.30 -3.20 23.50 -26.40 1974 - 2024 percent of GDP Yearly