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This small, sub-Saharan economy is heavily dependent on both commercial and subsistence agriculture, which provides employment for 65% of the labor force. Some basic foodstuffs must still be imported. Cocoa, coffee, and cotton generate about 40% of export earnings with cotton being the most important cash crop. Togo is the world's fourth-largest producer of phosphate. The government's decade-long effort, supported by the World Bank and the IMF, to implement economic reform measures, encourage foreign investment, and bring revenues in line with expenditures has moved slowly. Progress depends on follow through on privatization, increased openness in government financial operations, progress toward legislative elections, and continued support from foreign donors. Togo is working with donors to write a Poverty Reduction and Growth Facility (PRGF) that could eventually lead to a debt reduction plan. Economic growth remains marginal due to declining cotton production, underinvestment in phosphate mining, and strained relations with donors.
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$5.643 billion (2009 est.)
country comparison to the world: 156
$5.473 billion (2008 est.)
$5.376 billion (2007 est.)
note:
data are in 2009 US dollars
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$2.865 billion (2009 est.)
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3.1% (2009 est.)
country comparison to the world: 60
1.8% (2008 est.)
1.9% (2007 est.)
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$900 (2009 est.)
country comparison to the world: 219
$900 (2008 est.)
$900 (2007 est.)
note:
data are in 2009 US dollars
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agriculture: 47.4%
industry:
25.4%
services:
27.2% (2009 est.)
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2.595 million (2007)
country comparison to the world: 109
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agriculture: 65%
industry:
5%
services:
30% (1998 est.)
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NA%
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32% (1989 est.)
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lowest 10%: 3.3%
highest 10%:
27.1%
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18.2% of GDP (2009 est.)
country comparison to the world: 111
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revenues: $458.6 million
expenditures:
$536.6 million (2009 est.)
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2% (2009 est.)
country comparison to the world: 71
8.7% (2008 est.)
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4.75% (31 December 2008)
country comparison to the world: 117
4.25% (31 December 2007)
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NA%
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$712.6 million (31 December 2008)
country comparison to the world: 121
$624.9 million (31 December 2007)
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$414.9 million (31 December 2008)
country comparison to the world: 140
$383.9 million (31 December 2007)
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$674,300 (31 December 2008)
country comparison to the world: 136
$590.7 million (31 December 2007)
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$NA
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coffee, cocoa, cotton, yams, cassava (tapioca), corn, beans, rice, millet, sorghum; livestock; fish
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phosphate mining, agricultural processing, cement, handicrafts, textiles, beverages
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3% (2009 est.)
country comparison to the world: 45
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230 million kWh (2007 est.)
country comparison to the world: 175
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640 million kWh (2007 est.)
country comparison to the world: 153
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0 kWh (2008 est.)
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514 million kWh; note - electricity supplied by Ghana (2007 est.)
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0 bbl/day (2009 est.)
country comparison to the world: 126
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21,000 bbl/day (2009 est.)
country comparison to the world: 124
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1,547 bbl/day (2005)
country comparison to the world: 119
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15,270 bbl/day (2007 est.)
country comparison to the world: 123
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0 bbl (1 January 2009 est.)
country comparison to the world: 113
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0 cu m (2008 est.)
country comparison to the world: 119
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0 cu m (2008 est.)
country comparison to the world: 169
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0 cu m (2008 est.)
country comparison to the world: 109
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0 cu m (2008 est.)
country comparison to the world: 124
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0 cu m (1 January 2009 est.)
country comparison to the world: 126
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-$142 million (2009 est.)
country comparison to the world: 80
-$295 million (2008 est.)
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$709 million (2009 est.)
country comparison to the world: 160
$740 million (2008 est.)
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reexports, cotton, phosphates, coffee, cocoa
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Germany 17.57%, Ghana 12.74%, Burkina Faso 11.02%, India 10.22%, Belgium 7.1%, Benin 6.92%, Netherlands 5.94%, Mali 4.41% (2009)
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$1.196 billion (2009 est.)
country comparison to the world: 165
$1.291 billion (2008 est.)
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machinery and equipment, foodstuffs, petroleum products
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China 36.58%, France 8.64%, Netherlands 6.76%, India 5.06%, US 4.4% (2009)
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$670 million (31 December 2009 est.)
country comparison to the world: 136
$581.8 million (31 December 2008 est.)
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$NA
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Communaute Financiere Africaine francs (XOF) per US dollar - 483.21 (2009), 447.81 (2008), 482.71 (2007), 522.59 (2006), 527.47 (2005)
note:
since 1 January 1999, the West African CFA franc (XOF) has been pegged to the euro at a rate of 655.957 CFA francs per euro; West African CFA franc (XOF) coins and banknotes are not accepted in countries using Central African CFA francs (XAF), and vice versa, even though the two currencies trade at par
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