Source: world bank Nominal/PPP
Summary:
Togo GDP Per Capita expanded from 1960 to 2024, increasing from $0.17 to $10.65 .The compound annual growth rate (CAGR) averaged 6.68% 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 41.84%, indicating the largest cyclical decline from peak levels. The country experienced 9 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 (1963–1967) indicating robust economic expansion
- High Growth (1971–1975) indicating robust economic expansion
- High Growth (1977–1980) indicating robust economic expansion
- Crisis (1981–1982) indicating severe economic downturn
- Contraction (1983–1984) indicating temporary slowdown
- High Growth (1985–1988) 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 (2002–2004) indicating robust economic expansion
- Expansion (2005–2006) indicating steady moderate growth
- High Growth (2007–2008) indicating robust economic expansion
- Expansion (2009–2010) indicating steady moderate growth
- High Growth (2013–2014) indicating robust economic expansion
- High Growth (2016–2018) indicating robust economic expansion
- High Growth (2020–2021) indicating robust economic expansion
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 1986 with an increase of 39.162%, while the largest decline was in 1993 at -27.14%.