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Togo
Togo is a country whose economy has been expanding at a steady pace in recent years. In 2024, the country recorded real GDP growth of 5.3 % and maintained inflation at 2.88 %, indicating a relatively stable economic environment. With a population of 9.52 million, Togo’s GDP reached 9.78 billion USD in 2024. Despite these encouraging developments, important challenges remain. The Human Development Index stands at 0.571, reflecting ongoing gaps in living standards and access to essential services. Moreover, although 58.16 % of people aged 15 and above are employed, structural issues such as underemployment, job informality, and limited opportunities in higher-productivity sectors continue to shape the Togolese labor market.
GDP nominal
USD 9.7 billion (2024)
Inflation
2.8% (2024)
Real GDP growth
5.3% (2024)
Employment as a % of population 15+
58.1% (2023)
Population
9.5 million (2024)
Human development index
0.57 (2023)
Investment indicators
Foreign direct investment, net inflows (% of GDP)
General government investment (gross fixed capital formation) as a % of GDP
Private investment (gross fixed capital formation) as a % of GDP
Latest news
PRESS RELEASE • 22 January 2026
ECOWAS holds thematic dialogue on digital transformation to strengthen regional integration
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Investment landscape
Key sectors
Agriculture
Agriculture and agro-industry are central to the government’s transformation agenda as outlined in the Feuille de Route Gouvernementale Togo 2025. Togo benefits from fertile agro-ecological zones supporting maize, rice, cassava, soybeans, cotton, sesame, coffee and cocoa. Cotton remains the main cash crop, while soybeans have rapidly become a major export commodity in response to rising international demand. Despite strong potential, the sector is dominated by smallholder farmers operating…
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Transport
The transport sector is a flagship priority in the Feuille de Route Gouvernementale Togo 2025. The Port of Lomé is the only deep-water port in the Gulf of Guinea and serves as a key gateway for West Africa, facilitating trade flows to Burkina Faso, Niger and Mali. The port has become a major transshipment hub, supported by modern container terminals, digital customs procedures and a competitive free-zone environment. Road corridors, airport modernization and cross-border infrastructure…
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Digital
Digital transformation is a top-tier national priority identified in the Feuille de Route Togo 2025 and the EU Multiannual Indicative Programme. The government has implemented an ambitious digital-reform agenda including e-ID systems, e-customs, digital tax services, electronic civil registry and online government platforms. Lomé is emerging as a digital hub hosting fintech firms, logistics-tech companies, digital-payment startups and software developers. The national fiber backbone…
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Mineral Resources
Mineral resources are key pillars of Togo’s economic vision. The country has long been a significant phosphate producer, with annual output exceeding 1 million tons. Additional minerals including limestone, clinker, manganese and various metallic ores offer opportunities for diversification. In energy, Togo is expanding domestic power generation through gas, solar and renewable mini-grids while reducing dependence on imports from regional power pools. The government aims to position mining…
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Financial Services
The financial sector is a strategic pillar in the government’s roadmap aimed at enhancing economic resilience, mobilizing private investment and accelerating inclusion. Togo hosts one of West Africa’s most dynamic financial ecosystems, centered around Lomé, headquarters of the ECOWAS Bank for Investment and Development, the West African Development Bank and major regional financial institutions. The government has undertaken major reforms to expand digital finance, enhance financial…
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