Graft and other forms of corruption are serious and long-standing problems.The top individual income tax rate is 45 percent, and the top corporate tax rate is 27 percent. Progress depends on follow through on privatization, increased transparency in government financial operations, progress toward legislative elections, and continued support from foreign donors.Togo’s 2017 economic growth probably remained steady at 5.0%, largely driven by infusions of foreign aid, infrastructure investment in its port and mineral industry, and improvements in the business climate. Foreign direct investment inflows have slowed in recent years. All Rights Reserved. country comparison to the world (CIA rank, may be based on non-current data): 111 It holds a dominant role due to the fact it occupies the majority of the population and provides 42% of national wealth.

country comparison to the world (CIA rank, may be based on non-current data): 152 In 2015, he won a third five-year term, and in 2019, the law was changed to permit him to serve two additional terms. 182

country comparison to the world (CIA rank, may be based on non-current data): country comparison to the world (CIA rank, may be based on non-current data): See how Togo compares to another country using any of the measures in the Index.Togo’s economic freedom score is 54.1, making its economy the 140th freest in the 2020 Index. Government spending has amounted to 26.7 percent of the country’s output (GDP) over the past three years, and budget deficits have averaged 4.3 percent of GDP.
Economy - overview: Togo has enjoyed a period of steady economic growth fueled by political stability and a concerted effort by the government to modernize the country’s commercial infrastructure, but discontent with President Faure GNASSINGBE has led to a rapid rise in protests, creating downside risks. The government introduced a program in 2019 to subsidize expenditures on solar energy. country comparison to the world (CIA rank, may be based on non-current data): 66

country comparison to the world (CIA rank, may be based on non-current data): Togo Economic Outlook Macroeconomic performance and outlook Thanks to investments in energy and transportation infrastructure, the investment rate rose from 12% of GDP to 26% over 2012–15 and drove economic growth, estimated at 5.1% in 2019.

The judiciary is constitutionally independent but heavily influenced by the presidency in practice. 35 114

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The financial sector is rudimentary, and the banking system is underdeveloped. 154 Togo has one of West Africa’s few natural deep-water ports, and its secure territorial waters have become a relatively safe zone for international shippers.Property rights and interests are enforced, although nearly 80 percent of court cases reportedly involve disputes over land titles. country comparison to the world (CIA rank, may be based on non-current data):

country comparison to the world (CIA rank, may be based on non-current data): country comparison to the world (CIA rank, may be based on non-current data):

Togo is ranked 27th among 47 countries in the Sub-Saharan Africa region, and its overall score is approximately equal to the regional average and well below the world average.The Togolese economy is rated mostly unfree for the second consecutive year. 154 Faure Gnassingbé, appointed to the presidency by the military in 2005 following the death of his father, was elected president later that year. The average applied tariff rate is 13.4 percent. Economic Overview After slowing in 2017, a reflection of political tensions and a sharp fiscal contraction, Togo’s economic growth picked up in 2018 to 4.9% (2.3% per capita). country comparison to the world (CIA rank, may be based on non-current data): Agriculture . country comparison to the world (CIA rank, may be based on non-current data): 4


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