Togo: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Togo

Fiscal balance, percent of GDP

 Latest value -8.50
 Year 2022
 Measure percent
 Data availability 2008 - 2022
 Average -2.75
 Min - Max -8.50 - 1.70
 Source Central Bank of West African States
For that indicator, we provide data for Togo from 2008 to 2022. The average value for Togo during that period was -2.75 percent with a minimum of -8.5 percent in 2022 and a maximum of 1.7 percent in 2019. The latest value from 2022 is -8.5 percent. For comparison, the world average in 2022 based on 155 countries is -2.43 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Togo - Fiscal balance, percent of GDP - Recent values chart

Historical chart
Togo - Fiscal balance, percent of GDP - historical chart - 2008-2022




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 13.37 2022 percent
 Government spending, in dollars 1.11 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -8.50 2022 percent
 Government debt 66.52 2022 percent
 Tax revenue 13.58 2019 percent
 Commercial tax rate 48.20 2019 percent
 Tax preparation time 159 2019 hours
 Number of taxes 49 2019 taxes
 Taxes on goods and services 40.89 2019 percent
 Taxes on international trade 15.94 2019 percent
 Income and profits taxes 15.97 2019 percent
 Foreign aid 339.35 2021 million U.S. dollars
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