Togo: Terms of trade adjustment (constant LCU)

Key figures

What the numbers say

In 2023, Togo's terms of trade adjustment (constant LCU) fell 22.79 billion on 2022 (from 85.79 billion to 63 billion).

Across the 30 yearly changes before that (1993 to 2022), the average change was +230.4 million and a typical year strayed about 45.49 billion from that (the standard deviation). This year's change was 0.5 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 289.43 billion in 1974 and the biggest yearly fall was 314.99 billion 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 2014 to 2023 the straight-line trend is upward, about 7.59 billion a year. A straight line explains 57% 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 2023 ranking

• United Arab Emirates — 1st of 3: 167.02 billion
• Greenland — 3rd of 3: 2.56 billion

What this measures

The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. 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 varies by country. This series is expressed in local currency units.

All 59 values

Terms of trade adjustment (constant LCU) in nearby economies

• Angola — 2.49 trillion (2024)
• Benin — -92.22 billion (2025)
• Botswana — -27.67 billion (2025)
• Burkina Faso — 2.23 trillion (2025)
• Cabo Verde — 11.67 billion (2025)
• Cameroon — 166.52 billion (2025)
• Central African Republic — -872.72 million (2025)
• Chad — 748.12 billion (2025)
• Comoros — -1.26 billion (2025)
• Congo, Dem. Rep. — -5.34 trillion (2025)

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

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Togo's terms of trade adjustment (constant LCU)?

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

How has it changed since 1965?

It is up 36.06% from 46.31 billion in 1965 (0.53% a year on average, compounded). The highest value was 179.06 billion in 1974 and the lowest -135.93 billion in 1975.

Is the latest change in terms of trade adjustment (constant LCU) unusual for Togo?

In 2023, Togo's terms of trade adjustment (constant LCU) fell 22.79 billion on 2022 (from 85.79 billion to 63 billion). Across the 30 yearly changes before that (1993 to 2022), the average change was +230.4 million and a typical year strayed about 45.49 billion from that (the standard deviation). This year's change was 0.5 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?

Source

World Bank, World Development Indicators, indicator NY.TTF.GNFS.KN, 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.

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.