Togo: Net incurrence of liabilities, total (current LCU)

Key figures

What the numbers say

In 2023, Togo's net incurrence of liabilities, total (current LCU) fell 125.04 million on 2022 (from 321.61 billion to 321.48 billion).

Across the 16 yearly changes before that (2007 to 2022), the average change was +17.8 billion and a typical year strayed about 92.88 billion from that (the standard deviation). This year's change was 0.2 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 204.61 billion in 2020 and the biggest yearly fall was 192.68 billion 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 the straight-line trend is upward, about 27.92 billion a year. A straight line explains 39% 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

In 2023, Togo had the 7th highest value of the 16 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Togo in the 2023 ranking

• Sri Lanka — 4th of 16: 2.77 trillion
• Côte d'Ivoire — 5th of 16: 2.43 trillion
• Kenya — 6th of 16: 883.55 billion
• Iceland — 8th of 16: 113.95 billion
• Ghana — 9th of 16: 27.99 billion
• Botswana — 10th of 16: 8.29 billion

What this measures

Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 18 values

Net incurrence of liabilities, total (current LCU) in nearby economies

• Angola — -778.29 billion (2024)
• Botswana — 8.29 billion (2023)
• Burkina Faso — 900.19 billion (2024)
• Burundi — 181.93 billion (2021)
• Cabo Verde — 16.42 billion (2020)
• Cameroon — 593.86 billion (2021)
• Central African Republic — 50.67 billion (2021)
• Congo, Dem. Rep. — 1.39 trillion (2022)
• Congo, Rep. — 119.5 billion (2021)
• Côte d'Ivoire

More public sector data for Togo

• Military expenditure (current USD) — 204.95 million (2025)
• Military expenditure (current LCU) — 119.18 billion (2025)
• Military expenditure (% of GDP) — 1.87% (2025)
• Arms imports (SIPRI trend indicator values) — 5 million (2025)
• Armed forces personnel, total — 10,000 (2020)
• Armed forces personnel (% of total labor force) — 0.38% (2020)
• Military expenditure (% of general government expenditure) — 7.1% (2025)
• CPIA business regulatory environment rating (1=low to 6=high) — 4 (2025)
• CPIA debt policy rating (1=low to 6=high) — 4 (2025)
• CPIA economic management cluster average (1=low to 6=high)

Reading data like this

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Questions people ask

What is Togo's net incurrence of liabilities, total (current LCU)?

321.48 billion in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is up 772.69% from 36.84 billion in 2006 (13.59% a year on average, compounded). The highest value was 335.34 billion in 2021 and the lowest -12.15 billion in 2010.

How does Togo rank?

7th highest of 16 economies with data for 2023.

Is the latest change in net incurrence of liabilities, total (current LCU) unusual for Togo?

In 2023, Togo's net incurrence of liabilities, total (current LCU) fell 125.04 million on 2022 (from 321.61 billion to 321.48 billion). Across the 16 yearly changes before that (2007 to 2022), the average change was +17.8 billion and a typical year strayed about 92.88 billion from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator GC.LBL.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) 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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