Togo

Togolese Republic

Region: West Africa · ISO code: TGO

Economy

Nominal GDP

USD 10.8 billion

GDP per capita

USD 1,196

2021–2025 average

Currency

Name
West African CFA franc
Франк КФА BCEAO
ISO code
XOF
Rate against the US dollar
USD 1 = 579.64 XOF
Rate against the rouble
10 XOF = 1.4416 RUB
Rate type
Cross rate via the Bank of Russia USD/RUB rate
Currency zone
West African CFA franc (XOF)
Note
fixed peg to the euro: 1 EUR = 655.957 CFA francs

Exchange rate as of 1 October 2026

Economic structure

GDP structure: 2021–2025 average Source: Based on World Bank data. Period: 2021–2025 average

  • Agriculture 20.8%
  • Industry 20.7%
  • Services 51.7%

Industries and programmes

Key industries
Phosphates, clinker and cement, cotton, transit logistics (Port of Lomé), and financial services.
Government programmes
  • Government roadmap and development programs
  • Adétikopé Industrial Platform (PIA)

International trade

Exports of goods, 2021–2025

USD billion Source: World Bank / WTO, merchandise exports (TX.VAL.MRCH.CD.WT). Period: 2021–2025

Exports of goods, USD billion 0 1 2 2021 2022 2023 2024 2025 2021: 1.301.30 2022: 1.44 2023: 1.57 2024: 1.64 2025: 1.801.80 Exports of goods, USD billion 0 1 2 2021 2022 2023 2024 2025 2021: 1.301.30 2022: 1.44 2023: 1.57 2024: 1.64 2025: 1.801.80
Exports of goods, index, 2021 = 100 0 50 100 150 2021 2022 2023 2024 2025 2021: 100.0100.0 2022: 110.8 2023: 120.8 2024: 126.2 2025: 138.5138.5 Exports of goods, index, 2021 = 100 0 50 100 150 2021 2022 2023 2024 2025 2021: 100.0100.0 2022: 110.8 2023: 120.8 2024: 126.2 2025: 138.5138.5
Table
Exports of goods, 2021–2025: amount and index (2021 = 100)
YearUSD billionindex, 2021 = 100
20211.30100.0
20221.44110.8
20231.57120.8
20241.64126.2
20251.80138.5
Imports of goods
USD 2.95 billion 2021–2025 averageSource: ITC. Period: 2021–2025 average
Exports of goods and services
USD 2.39 billion 2023Source: World Bank, national accounts. Period: 2023
Change in exports of goods, 2021–2025
+38.5%
Average annual rate of change in exports of goods, 2021–2025
+8.5%

Export specialisation

Main export products

share of exports of goods, %, 2024 Source: UN Comtrade, 2024; share of total merchandise exports, HS chapters (2 digits). Period: 2024

  • salt, sulfur, cement and mineral materials18.9%
  • plastics10.3%
  • mineral fuels, oil and gas8.8%
  • cocoa and cocoa preparations6.5%
  • vehicles and components5.8%

Main export destinations

share of exports of goods, %, 2024 Source: UN Comtrade, 2024; share of total merchandise exports, HS chapters (2 digits). Period: 2024

  • India16.6%
  • Côte d’Ivoire11.3%
  • Burkina Faso11.3%
  • Mali7.6%
  • Benin6.9%

Investment areas

  • Logistics and port services
  • Agro-processing
  • PIA industrial platform
  • Phosphates
  • Digital services
  • Pharmaceuticals and energy

Agreements with Russia

  • Investment protection

    There is no bilateral agreement with Russia on the promotion and reciprocal protection of investments.

    Absent

  • Double taxation

    There is no double taxation agreement with Russia.

    Absent

  • Visa requirements

    Russian citizens holding ordinary passports require a visa.

    Visa required

  • Peaceful nuclear energy

    No information

Other agreements

  • Agreement on Military Cooperation (ratified by Russia in October 2025).

Incentives

Main regimes and incentives

Investment Code 2019; free zone regime (corporate income tax exemption for 10 years, followed by reduced rates).

Type of measure
Tax holidaysReduced tax rateSpecial territorial regimes (SEZ)
Investment agency
API-ZF — Togo Investment Promotion and Free Zone Agency
Zone operator / authority
API-ZF — Togo Investment Promotion and Free Zone Agency