Togo's gross fixed capital formation (annual % growth) was -19.77% in 2023, the latest year in the World Bank's World Development Indicators. That is down 33.64 percentage points from 13.87% in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -19.77% | 2023 |
| Five years earlier | 9.13% | 2018 |
| Ten years earlier | 13.87% | 2013 |
| Highest | 81.19% | 2016 |
| Lowest | -45.8% | 1993 |
| Average since 2014 | 13.53% | 2014–2023 |
| First recorded | -12.58% | 1981 |
What the numbers say
In 2023, Togo's gross fixed capital formation (annual % growth) fell 50.43 percentage points on 2022 (from 30.66% to -19.77%).
Across the 30 yearly changes before that (1993 to 2022), the average change was +1.44 percentage points and a typical year strayed about 30.55 percentage points from that (the standard deviation). This year's change was 1.7 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 65.47 percentage points in 2016 and the biggest yearly fall was 101.85 percentage points in 2017. 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 there is no clear straight-line trend: a straight line explains 4% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
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.
| Value | Year | |
|---|---|---|
| Togo | -19.77% | 2023 |
| World | 2.2% | 2024 |
| Sub-Saharan Africa | 3.62% | 2025 |
| Lower middle income | 6.33% | 2025 |
Closest to Togo in the 2023 ranking
- Greenland — 1st of 2: -3.77%
What this measures
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 43 values
| Year | Gross fixed capital formation (annual % growth) |
|---|---|
| 2023 | -19.77 |
| 2022 | 30.66 |
| 2021 | 16.96 |
| 2020 | 15.37 |
| 2019 | 4.23 |
| 2018 | 9.13 |
| 2017 | -20.66 |
| 2016 | 81.19 |
| 2015 | 15.72 |
| 2014 | 2.49 |
| 2013 |
Gross fixed capital formation (annual % growth) in nearby economies
- Angola — 2.64% (2024)
- Benin — 10.69% (2025)
- Botswana — -1.21% (2025)
- Burkina Faso — 7.93% (2025)
- Cameroon — 8.22% (2025)
- Central African Republic — 2.08% (2025)
- Chad — 18.8% (2025)
- Comoros — 3.79% (2025)
- Congo, Dem. Rep. — -16.42% (2025)
- Congo, 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$11.92 billion (2025)
- GNI (current LCU) — 6.93 trillion (2025)
- GNI per capita (current LCU) — 807,073 (2025)
- Net primary income (net income from abroad) (current US$)
Reading data like this
Questions people ask
- What is Togo's gross fixed capital formation (annual % growth)?
- -19.77% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1981?
- It is down 7.18 percentage points from -12.58% in 1981. The highest value was 81.19% in 2016 and the lowest -45.8% in 1993.
- Is the latest change in gross fixed capital formation (annual % growth) unusual for Togo?
- In 2023, Togo's gross fixed capital formation (annual % growth) fell 50.43 percentage points on 2022 (from 30.66% to -19.77%). Across the 30 yearly changes before that (1993 to 2022), the average change was +1.44 percentage points and a typical year strayed about 30.55 percentage points from that (the standard deviation). This year's change was 1.7 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
- 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 Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB).
Source
World Bank, World Development Indicators, indicator NE.GDI.FTOT.KD.ZG, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in