Togo/

This small, sub-Saharan economy suffers from anemic economic growth and depends heavily 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. 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 follow through on privatization, increased openness in government financial operations, progress toward legislative elections, and continued support from foreign donors. Togo is on track with its IMF Extended Credit Facility and reached a HIPC debt relief completion point in 2010 at which 95% of the country’s debt was forgiven. Economic growth prospects remain marginal due to declining cotton production and underinvestment in phosphate mining.

$5.927 billion (2010 est.)

$5.738 billion (2009 est.)

$5.565 billion (2008 est.)

$3.074 billion (2010 est.)

3.3% (2010 est.)

3.1% (2009 est.)

1.8% (2008 est.)

$900 (2010 est.)

$900 (2009 est.)

$900 (2008 est.)

2.595 million (2007)

NA%

32% (1989 est.)

18.2% of GDP (2010 est.)

2.6% (2010 est.)

2% (2009 est.)

4.25% (31 December 2009)

4.75% (31 December 2008)

NA% (31 December 2009 est.)

NA% (31 December 2008 est.)

$754.5 million (31 December 2010 est)

$789.7 million (31 December 2009 est)

$1.238 billion (31 December 2010 est.)

$1.306 billion (31 December 2009 est.)

$817.7 million (31 December 2010 est.)

$862.4 million (31 December 2009 est.)

$NA

coffee, cocoa, cotton, yams, cassava (tapioca), corn, beans, rice, millet, sorghum; livestock; fish

phosphate mining, agricultural processing, cement, handicrafts, textiles, beverages

2.5% (2010 est.)

230 million kWh (2007 est.)

640 million kWh (2007 est.)

0 kWh (2008 est.)

514 million kWh; note - electricity supplied by Ghana (2007 est.)

0 bbl/day (2009 est.)

21,000 bbl/day (2009 est.)

1,547 bbl/day (2005)

15,270 bbl/day (2007 est.)

0 bbl (1 January 2010 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (2008 est.)

0 cu m (1 January 2010 est.)

-$339 million (2010 est.)

-$236 million (2009 est.)

$859 million (2010 est.)

$818 million (2009 est.)

reexports, cotton, phosphates, coffee, cocoa

Germany 17.57%, Ghana 12.74%, Burkina Faso 11.02%, India 10.22%, Belgium 7.1%, Benin 6.92%, Netherlands 5.94%, Mali 4.41% (2009)

$1.337 billion (2010 est.)

$1.261 billion (2009 est.)

machinery and equipment, foodstuffs, petroleum products

China 36.58%, France 8.64%, Netherlands 6.76%, India 5.06%, US 4.4% (2009)

$686 million (31 December 2010 est.)

$703.2 million (31 December 2009 est.)

$NA (31 December 2010)

$1.573 billion (31 December 2008 est.)

Communaute Financiere Africaine francs (XOF) per US dollar - 507.71 (2010), 472.19 (2009), 447.81 (2008), 482.71 (2007), 522.59 (2006)