Economy overview: The economy of this small sub-Saharan country is dominated by agriculture, which employs 65% of the workforce. Some basic foodstuffs must be imported. Together, cocoa, coffee and cotton account for approximately 40% of export earnings, with cotton remaining the most important crop despite declining world market prices. The main industry sector is the extraction of phosphates. Togo is the world’s fourth largest producer, geological conditions ensure low production costs. The recently privatized mining company Office Togolais des Phosphates is slowly recovering from the price crash of the early 1990s, but it still needs to face foreign competition amid a general decline in demand. Togo is a regional commercial and trade center. The country continues to develop the duty-free export zone, established in 1989, and attracts enterprises from France, Italy, Scandinavia, the United States, India and China, which create jobs for the people of Togo. Decades of government efforts to implement World Bank and IMF-backed economic reforms, attract foreign investment, and balance income and spending have stalled. Progress depends on continued privatization, greater openness of public financial transactions, successful legislative elections, and a reduction in the role of the military in sustaining the regime. The lack of foreign aid, a weakening financial sector, energy shortages and falling prices for the country’s manufactured goods continue to slow down economic growth. Nevertheless, Togo achieved 3% GDP growth in 1999. The handover of the national energy company to a French-Canadian consortium in 2000 should ease the energy crisis, and if a successful parliamentary election wins foreign aid, then growth in 2001-02 should be expected. should be 5% per year. See topb2bwebsites.com to know more about Togo in 2004.
GDP: Purchasing power parity -$7.3 billion (2000 est.).
Real GDP growth rate: 3.4% (2000 est.).
GDP per capita: at purchasing power parity – $1,500 (2000 est.).
The composition of GDP by sectors of the economy: agriculture: 42%; industry: 21%; services: 37% (1997).
Proportion of population below the poverty line: 32% (1989 est.).
Percentage distribution of household income or consumption: for the poorest 10% of households: n/a; by top 10% of households: no data.
Inflation rate at consumer prices: 2.5% (2000 est.).
Labor force: 1.74 million people (1993 est.).
Employment structure: agriculture 65%, industry 5%, services 30% (1998 est.).
Unemployment rate: no data.
Budget: revenues: $232 million; expenditures: $252 million, including capital investment – NA (1997 est.).
Spheres of economy: extraction of phosphates, processing of agricultural products, production of cement; handicraft production, textile industry, beverage industry.
Growth in industrial production: no data available.
Electricity generation: 92 million kWh (1999).
Sources of electricity generation: fossil fuels: 97.83%; hydropower: 2.17%; nuclear fuel: 0%; others: 0% (1999).
Electricity consumption: 511.6 million kWh (1999)
Electricity export: 0 kWh (1999).
Electricity import: 426 million kWh (1999); note: electricity is imported from Ghana.
Agricultural products: coffee, cocoa, cotton, yams, cassava (tapioca), corn, beans, rice, millet, sorghum; livestock, fish.
Export: $336 million (free on board, 2000)
Exports: cotton, phosphates, coffee, cocoa.
Export partners: Nigeria, Brazil, Canada, Philippines (1999).
Imports: $452 million (free on board, 2000)
Import articles: machinery and equipment, foodstuffs, oil products.
Import partners: Ghana, China, France, Côte d’Ivoire (1999).
External debt: $1.5 billion (1999). Economic aid recipient: $201.1 million (1995)
Economic aid donor:
Currency: African Financial Community Franc (CFA franc, Communaute Finan-ciere Africaine franc); note – the circulation of the CFA franc is regulated by the Central Bank of West African countries.
Currency code: XOF.
Exchange rate: XOF/USD – 699.21 (January 2001), 711.98 (2000), 615.70 (1999), 589.95 (1998), 583.67 (1997), 511.55 (1996); note: since January 1, 1999, the CFA franc has been exchanged for the euro at a ratio of 655.957 CFA francs to 1 euro.
Fiscal year: calendar year.
Telecommunications Telephone lines: 25,000 (1997).
Mobile cellular phones: 2995 (1997).
Telephone system: satisfactory system consisting of microwave radio relay, landline and cellular; domestic: microwave radio relay and terrestrial lines of the public system; the cellular communication system allows servicing 10,000 telephones; international: satellite earth stations – 1 Intelsat (Atlantic Ocean) and 1 Symphony.
Broadcast stations: AM – 2, FM – 9, shortwave -4 (1998).
Radio receivers: 940,000 (1997).
Television broadcast stations: 3 (and 2 repeaters) (1997).
TVs: 73,000 (1997).
Internet country code: tg
Internet service providers: 3 (2000).
Number of users: 10,000 (2000).
Transport Railways: total length: 525 km (1995); narrow gauge: 525 km (1,000 m gauge).
Roads: total length: 7,520 km; coated: 2,376 km; unpaved: 5,144 km (1996 est.)
Waterways: 50 km along the Mono River.
Ports and harbours: Kpeme, Lome.
Merchant fleet: total: 1 ship (displacement 1,000 tons or more) with a total displacement of 2,603 gross register tons / 2,800 long tons of gross tonnage; ships of different types: specialized tankers – 1 (2000 est.).
Airports: 9 (2000 est.).
Airports with paved runways: total: 2; from 2438 to 3047 m: 2 (2000 est.).
Airports with unpaved runways: total: 7; from 914 to 1523 m:5; less than 914 m: 2 (2000 est.).
Branches of the armed forces: army, navy, air force, gendarmerie.
Total military manpower: men 15 to 49: 1,175,528 (2001 est.).
Eligible for military service: males aged 15 to 49: 616,622 (2001 est.).
Number of persons reaching military age each year:
Military spending in dollar terms: $27 million (1996).
Military spending as part of GDP: 2% (1996).
International issues International disputes: no.
Illicit drugs: transit point for Nigerian traffickers of heroin and cocaine.