Togo's economy has recovered well in 2021, with GDP growth estimated at 4.8 percent and up from 1.8 percent in 2020. Inflation rose from 1.8 percent to 2.6 percent between 2020 and 2021, which could help revitalize the economy. The current account deficit is rising, estimated at 2.6 percent in 2021, up from 1.4 percent in 2020, due to the increase in the trade deficit to 9.7 percent in 2021 from 8.6 percent in 2020. Gross international reserves pooled in ECOWAS average 5.25 months of imports in 2020-21. The SDR allocation amounts to about $200.3 million. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
Togo is a member of the West African Economic and Monetary Union (UEMOA) and is a member of the Regional Stock Exchange (BRVM), a stock exchange common to all eight (8) countries of the union. At the end of December 2022, the BRVM had 46 listed companies representing a market capitalization of $12.2 billion. Foreign direct investment flows to Togo will amount to $129.9 million in 2021, compared with $59.2 million in 2020, i.e. an increase of 117%.
