Togo: Gross domestic savings (% of GDP)

Key figures

What the numbers say

In 2023, Togo's gross domestic savings (% of GDP) fell 1.32 percentage points on 2022 (from 12.94% to 11.62%).

Across the 30 yearly changes before that (1993 to 2022), the average change was −0.53 percentage points and a typical year strayed about 8.26 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below 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 27.27 percentage points in 1994 and the biggest yearly fall was 28.85 percentage points in 1993. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 the straight-line trend is upward, about 0.41 percentage points a year. A straight line explains 61% 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.

How it compares

See how every economy compares in the full ranking.

Closest to Togo in the 2023 ranking

• United Arab Emirates — 1st of 3: 42.91%
• Greenland — 2nd of 3: 25.7%

What this measures

Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 61 values

Gross domestic savings (% of GDP) in nearby economies

• Angola — 22.55% (2024)
• Benin — 32.81% (2025)
• Botswana — 22.74% (2025)
• Burkina Faso — 22.2% (2025)
• Burundi — 28.27% (2025)
• Cabo Verde — 6.03% (2025)
• Cameroon — 13.04% (2025)
• Central African Republic — -4.91% (2025)
• Chad — 33.05% (2025)
• Comoros — -10.44% (2025)
• Congo, Dem. Rep.

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$11.92 billion (2025)
• GNI (current LCU) — 6.93 trillion (2025)
• GNI per capita (current LCU) — 807,073 (2025)
• Net primary income (net income from abroad) (current US$)

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Questions people ask

What is Togo's gross domestic savings (% of GDP)?

11.62% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1963?

It is up 9.15 percentage points from 2.47% in 1963. The highest value was 34.58% in 1974 and the lowest 0.07% in 1993.

Is the latest change in gross domestic savings (% of GDP) unusual for Togo?

In 2023, Togo's gross domestic savings (% of GDP) fell 1.32 percentage points on 2022 (from 12.94% to 11.62%). Across the 30 yearly changes before that (1993 to 2022), the average change was −0.53 percentage points and a typical year strayed about 8.26 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below 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: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB).

Source

World Bank, World Development Indicators, indicator NY.GDS.TOTL.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) 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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