s the popular pan-African colors of
Ethiopia

Economy Togo

Economy - overview:
This small, sub-Saharan economy is heavily dependent 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 working with donors to write a PRGF that could eventually
lead to a debt reduction plan.

GDP (purchasing power parity):
$9.248 billion (2006 est.)

GDP (official exchange rate):
$2.109 billion (2006 est.)

GDP - real growth rate:
3% (2006 est.)

GDP - per capita (PPP):
$1,700 (2006 est.)

GDP - composition by sector:
agriculture: 39.5%
industry: 20.4%
services: 40.1% (2003 est.)

Labor force:
1.302 million (1998)

Labor force - by occupation:
agriculture: 65%
industry: 5%
services: 30% (1998 est.)

Unemployment rate:
NA%

Population below poverty line:
32% (1989 est.)

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices):
2.8% (2006 est.)

Investment (gross fixed):
22.4% of GDP (2006 est.)

Budget:
revenues: $260.2 million
expenditures: $311 million; including capital expenditures of $NA
(2006 est.)

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

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

Industrial production growth rate:
NA%

Electricity - production:
286.2 million kWh (2004)

Electricity - production by source:
fossil fuel: 98.7%
hydro: 1.3%
nuclear: 0%
other: 0% (2001)

Electricity - consumption:
929.2 million kWh (2004)

Electricity - exports:
0 kWh (2004)

Electricity - imports:
663 million kWh; note - electricity supplied