Togo: Trade openness
* indicates monthly or quarterly data series
| Togo |
Trade openness: exports plus imports as percent of GDP |
|---|---|
| Latest value | 59.93 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1963 - 2023 |
| Average | 66.94 |
| Min - Max | 42.71 - 118.65 |
| Source | The World Bank |
| Available for | Data download |
The latest value from 2023 is 59.93 percent, a decline from 61.58 percent in 2022. In comparison, the world average is 94.41 percent, based on data from 169 countries. Historically, the average for Togo from 1963 to 2023 is 66.94 percent. The minimum value, 42.71 percent, was reached in 1993 while the maximum of 118.65 percent was recorded in 1982.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
| Recent values | Togo: Trade openness |
|---|---|
| 2023 | 59.93 |
| 2022 | 61.58 |
| 2021 | 56.38 |
| 2020 | 55.07 |
| 2019 | 56.34 |
| 2018 | 57.57 |
| 2017 | 58.21 |
| 2016 | 66.45 |
Definition: Exports plus imports as percent of GDP.
Other resources:
Download data from our database
All indicators for Togo
All indicators on the website
Article: Are trade deficits bad for the economy?
Article: Sources of economic growth
Article: Currency values and investment returns
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 115.60 | 2024 | percent |
| Trade openness | 59.93 | 2023 | percent |
| Financial openness | -1.248 | 2022 | index points |
| Exports, percent of GDP | 24.58 | 2023 | percent |
| Exports, billion dollars | 2.39 | 2023 | billion U.S. dollars |
| Growth of exports | 5.30 | 2023 | percent |
| Imports, percent of GDP | 35.35 | 2023 | percent |
| Imports, billion dollars | 3.44 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 0.79 | 2024 | percent |
| Foreign Direct Investment, billion dollars | 0.08 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | -173.93 | 2020 | million dollars (current) |
| Current account, percent of GDP | -0.28 | 2020 | percent |
| Current account, in dollars | -0.02 | 2020 | billion U.S. dollars |
| Trade balance, percent of GDP | -10.77 | 2023 | percent |
| Trade balance, in dollars | -0.67 | 2020 | billion U.S. dollars |
| Remittances, percent of GDP | 8.69 | 2020 | percent |
| Remittances | 650.39 | 2020 | million U.S. dollars |
| Net errors and omissions | 3.69 | 2020 | million USD |
| External debt | 37.17 | 2023 | percent |
| Short-term external debt | 2.97 | 2023 | percent |