Source: world bank Nominal/PPP
Summary:
Togo GDP Per Capita expanded from 1960 to 2024, increasing from $102.24 to $1,119.38 .The compound annual growth rate (CAGR) averaged 3.81% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 44.62%, indicating the largest cyclical decline from peak levels. The country experienced 14 recession episode(s) during the observed period.
Togo Economic Phases (1960 - 2024)
From 1960 to 2024, Togo economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Expansion (1961–1962) indicating steady moderate growth
- High Growth (1963–1966) indicating robust economic expansion
- Expansion (1967–1968) indicating steady moderate growth
- High Growth (1971–1975) indicating robust economic expansion
- High Growth (1979–1980) indicating robust economic expansion
- Crisis (1981–1982) indicating severe economic downturn
- Contraction (1983–1984) indicating temporary slowdown
- High Growth (1986–1988) indicating robust economic expansion
- Crisis (1993–1994) indicating severe economic downturn
- High Growth (1995–1996) indicating robust economic expansion
- Contraction (1999–2001) indicating temporary slowdown
- High Growth (2002–2003) indicating robust economic expansion
- High Growth (2007–2008) indicating robust economic expansion
- Expansion (2016–2017) indicating steady moderate growth
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 1986 with an increase of 34.97%, while the largest decline was in 1993 at -26.687%.