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Togo - Trade & Marketing Information
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ALIGN="RIGHT" SRC="/cgtd/global/africa/togo.gif"> Togo - key economic data 

Economy Overview:

    The economy is heavily dependent on subsistence agriculture, which accounts
    for about half of GDP and provides employment for 80% of the labor force.
    Primary agricultural exports are cocoa, coffee, and cotton, which together
    generate about 30% of total export earnings. Togo is self-sufficient in
    basic foodstuffs when harvests are normal. In the industrial sector
    phosphate mining is by far the most important activity, although it has
    suffered from the collapse of world phosphate prices and increased foreign
    competition. Togo serves as a regional commercial and trade center. The
    government's decade-long IMF and World Bank supported effort to implement
    economic reform measures to encourage foreign investment and bring revenues
    in line with expenditures has stalled. Political unrest, including private
    and public sector strikes throughout 1992 and 1993, has jeopardized the
    reform program, shrunk the tax base, and disrupted vital economic activity.
    Although strikes had ended in 1994, political unrest and lack of funds
    prevented the government from taking advantage of the 50% currency
    devaluation of January 1994. Resumption of World Bank and IMF flows will
    depend on implementation of several controversial moves toward privatization
    and on downsizing the military, on which the regime depends to stay in
    power.


National product:
    GDP - purchasing power parity - $3.3 billion (1993 est.)
National product real growth rate:
    NA%
National product per capita:
    $800 (1993 est.)
Inflation rate (consumer prices):
    0.5% (1991 est.)
Unemployment rate:
    NA%
Budget:
  revenues:
    $284 million
  expenditures:
    $407 million, including capital expenditures of $NA (1991 est.)



Industrial production:

    growth rate 9% (1991 est.); accounts for 20% of GDP
Electricity:
  capacity:
    30,000 kW
  production:
    60 million kWh
  consumption per capita:
    83 kWh (1993)





Economic Activity


Industries:

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

Agriculture:
    accounts for 49% of GDP; cash crops - coffee, cocoa, cotton; food crops -
    yams, cassava, corn, beans, rice, millet, sorghum; livestock production not
    significant; annual fish catch of 10,000-14,000 tons
Togo - key foreign trade data 



Exports:

    $221 million (f.o.b., 1993)
  Commodities:
    phosphates, cotton, cocoa, coffee
   Major Trade Partners::
    EC 40%, Africa 16%, US 1% (1990)



Imports:

    $292 million (c.i.f., 1993)
  Commodities:
    machinery and equipment, consumer goods, food, chemical products
   Major Trade Partners::
    EC 57%, Africa 17%, US 5%, Japan 4% (1990)
External debt:
    $1.3 billion (1991)
Togo - Trade, Industry & Marketing information

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