Togo | GDP (current US$)
GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Togolese Republic
Records
63
Source
Togo | GDP (current US$)
1960 121128072.62001
1961 126396468.67634
1962 132237468.07686
1963 143255813.16
1964 166104078.47645
1965 187300310.37913
1966 216136231.36165
1967 231706439.67219
1968 241956916.52219
1969 267732473.15572
1970 253976592.16871
1971 286537569.73638
1972 335677600.93222
1973 406479937.16232
1974 560437817.10125
1975 617321669.39088
1976 619375149.7329
1977 777435061.61338
1978 824263987.64916
1979 891775722.17334
1980 1136409056.2383
1981 962347167.44403
1982 821652036.24412
1983 765746518.27538
1984 718149015.4907
1985 762359785.48715
1986 1060911723.0066
1987 1249099287.9595
1988 1378847399.4535
1989 1352949666.9928
1990 1628427587.1913
1991 1602299811.8064
1992 1692959103.7843
1993 1233496937.814
1994 982624331.58527
1995 1309382817.1262
1996 1465448204.4001
1997 1498950970.996
1998 1587346018.2402
1999 1576672666.1303
2000 1491891156.2718
2001 1482437766.226
2002 1706698033.0188
2003 2115836258.2558
2004 2259992505.149
2005 2281483015.5667
2006 2351584495.8792
2007 3759962853.2648
2008 4578847112.7069
2009 4721888275.2694
2010 4746386893.2255
2011 5422439152.1091
2012 5413541649.149
2013 6021729629.8245
2014 6393314707.8546
2015 5755457836.0187
2016 6071167584.1951
2017 6387424239.8801
2018 7029215766.4637
2019 6992654019.2888
2020 7486031561.8688
2021 8443112143.2384
2022 8341225241.4569
Togo | GDP (current US$)
GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
Togolese Republic
Records
63
Source