Current Account to GDP in Togo increased to -2.20 percent in 2019 from -7.90 percent in 2018. source: Central Bank of West African States (BCEAO)

Current Account to GDP in Togo averaged -7.83 percent from 1974 until 2019, 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 2021.

Current Account to GDP in Togo is expected to reach -2.80 percent of GDP by the end of 2021, 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 -2.30 percent of GDP in 2022 and -2.00 percent of GDP in 2023, according to our econometric models.

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Togo Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-3.20 -2.20 23.50 -26.40 1974 - 2020 percent of GDP Yearly

Togo Trade Last Previous Highest Lowest Unit
Current Account -102.10 -56.10 78.70 -280.70 XOF Billion [+]
Current Account to GDP -3.20 -2.20 23.50 -26.40 percent of GDP [+]
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.