Togo's gross fixed capital formation (constant 2015 US$) was US$3.34 billion in 2023, the latest year in the World Bank's World Development Indicators. That is up 174.34% from US$1.22 billion in 2013 (10.62% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$3.34 billion | 2023 |
| Five years earlier | US$2.27 billion | 2018 |
| Ten years earlier | US$1.22 billion | 2013 |
| Highest | US$4.17 billion | 2022 |
| Lowest | US$299.53 million | 1993 |
| Average since 2014 | US$2.54 billion | 2014–2023 |
| First recorded | US$767.43 million |
What the numbers say
In 2023, Togo's gross fixed capital formation (constant 2015 US$) fell 19.8% on 2022 (from US$4.17 billion to US$3.34 billion).
Across the 30 yearly changes before that (1993 to 2022), the average change was +8.9% and a typical year strayed about 21% from that (the standard deviation). This year's change was 1.4 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 81.2% in 2016 and the biggest yearly fall was 45.8% 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 US$259.24 million a year. A straight line explains 80% 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.
A straight-line projection, tested first
Extending that straight line gives about US$4.42 billion for 2026. We show this only because the same method, fitted on earlier years, predicted 2021 to 2023 better than "no change" would have: its average miss was US$529.63 million, against US$839.31 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Togo | US$3.34 billion | 2023 |
| World | US$23.95 trillion | 2024 |
| Sub-Saharan Africa | US$526.74 billion | 2025 |
| Lower middle income | US$1.97 trillion | 2025 |
Closest to Togo in the 2023 ranking
- Greenland — 2nd of 2: US$1.05 billion
What this measures
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 44 values
| Year | Gross fixed capital formation (constant 2015 US$) |
|---|---|
| 2023 | 3,341,825,731 |
| 2022 | 4,165,129,319 |
| 2021 | 3,187,786,584 |
| 2020 | 2,725,604,025 |
| 2019 | 2,362,581,520 |
| 2018 | 2,266,661,138 |
| 2017 | 2,076,985,584 |
| 2016 | 2,617,770,110 |
| 2015 | 1,444,783,659 |
| 2014 | 1,248,521,310 |
Gross fixed capital formation (constant 2015 US$) in nearby economies
- Angola — US$17.1 billion (2024)
- Benin — US$5.91 billion (2025)
- Botswana — US$4.37 billion (2025)
- Burkina Faso — US$4.73 billion (2025)
- Cameroon — US$9.09 billion (2025)
- Central African Republic — US$475.96 million (2025)
- Chad — US$3.33 billion (2025)
- Comoros — US$163.18 million (2025)
- Congo, Dem. Rep. — US$20.06 billion (2025)
- Congo, Rep.
More economic policy & debt data for Togo
- GDP (current US$) — 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 (constant 2015 US$)?
- US$3.34 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1980?
- It is up 335.45% from US$767.43 million in 1980 (3.48% a year on average, compounded). The highest value was US$4.17 billion in 2022 and the lowest US$299.53 million in 1993.
Source
World Bank, World Development Indicators, indicator NE.GDI.FTOT.KD, 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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