Togo: Current account balance (% of GDP)

Key figures

What the numbers say

In 2020, Togo's current account balance (% of GDP) rose 0.52 percentage points on 2019 (from -0.79% to -0.28%).

Across the 30 yearly changes before that (1990 to 2019), the average change was +0.06 percentage points and a typical year strayed about 1.81 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 10.97 percentage points in 1980 and the biggest yearly fall was 25.31 percentage points in 1975. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2011 to 2020 the straight-line trend is upward, about 0.8 percentage points a year. A straight line explains 55% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

Closest to Togo in the 2020 ranking

• Afghanistan — 2nd of 2: -15.72%

What this measures

Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

All 47 values

Current account balance (% of GDP) in nearby economies

• Angola — 0.34% (2025)
• Benin — -8.18% (2023)
• Botswana — 2.93% (2025)
• Burkina Faso — -3.97% (2024)
• Burundi — -13.71% (2025)
• Cabo Verde — 3.56% (2025)
• Cameroon — -3.28% (2024)
• Comoros — -1.68% (2023)
• Congo, Dem. Rep. — -4.33% (2025)
• Congo, Rep. — 11.57% (2021)
• Côte d'Ivoire

More economic policy & debt data for Togo

• GDP (current US$) — US$11.89 billion (2025)
• GDP (current LCU) — 6.92 trillion (2025)
• GDP (constant 2015 US$) — US$9.42 billion (2025)
• GDP (constant LCU) — 5.65 trillion (2025)
• GDP per capita (current US$) — US$1,384 (2025)
• GDP per capita (current LCU) — 805,331 (2025)
• GDP per capita (constant 2015 US$) — US$1,096 (2025)
• GDP per capita (constant LCU) — 657,524 (2025)
• GNI (current US$) — US$11.92 billion (2025)
• GNI (current LCU) — 6.93 trillion (2025)
• GNI per capita (current LCU) — 807,073 (2025)
• Net primary income (net income from abroad) (current US$)

Reading data like this

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Questions people ask

What is Togo's current account balance (% of GDP)?

-0.28% in 2020, according to the World Bank (World Development Indicators).

How has it changed since 1974?

It is down 16.93 percentage points from 16.65% in 1974. The highest value was 16.65% in 1974 and the lowest -18.67% in 1978.

Is the latest change in current account balance (% of GDP) unusual for Togo?

In 2020, Togo's current account balance (% of GDP) rose 0.52 percentage points on 2019 (from -0.79% to -0.28%). Across the 30 yearly changes before that (1990 to 2019), the average change was +0.06 percentage points and a typical year strayed about 1.81 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD).

Source

World Bank, World Development Indicators, indicator BN.CAB.XOKA.GD.ZS, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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