Togo recorded a Current Account deficit of 8.70 percent of the country's Gross Domestic Product in 2017.

Current Account to GDP in Togo averaged -7.97 percent from 1974 until 2017, reaching an all time high of 23.50 percent in 1974 and a record low of -26.40 percent in 1978. This page provides - Togo Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Togo Current Account to GDP - values, historical data and charts - was last updated on July of 2020.

Current Account to GDP in Togo is expected to reach -7.30 percent by the end of 2020, 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 -6.20 percent in 2021 and -6.00 percent in 2022, according to our econometric models.

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Togo Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-7.90 -8.70 23.50 -26.40 1974 - 2018 percent Yearly

Togo Trade Last Previous Highest Lowest Unit
Current Account -102.10 -56.10 78.70 -280.70 XOF Billion [+]
Current Account to GDP -7.90 -8.70 23.50 -26.40 percent [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]


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.