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Economy of Qatar vs Togo compared: GDP & Debt

Updated on by Georank team

Qatar has a GDP of $219B compared to $10.7B for Togo, ranking 56/197 and 154/197 by economy size, respectively.

Qatar has $90.2B in government debt (41.2% of GDP), compared to $7.68B (72.1% of GDP) in Togo.

Qatar vs Togo GDP by year

Qatar
Togo
1x
Year GDP, current $
Qatar Togo
2024 $219,162,637,363 $10,651,180,147
2023 $217,308,516,484 $9,816,236,303
2022 $235,709,340,659 $8,646,453,099
2021 $179,732,142,857 $8,541,668,141
2020 $144,411,538,462 $7,486,031,562
2019 $176,371,428,571 $6,992,654,019
2018 $183,335,164,835 $7,029,215,766
2017 $161,099,175,824 $6,387,424,240
2016 $151,732,142,857 $6,071,167,584
2015 $161,739,835,165 $5,755,457,836
2014 $206,224,725,275 $6,393,314,708
2013 $198,727,747,253 $6,021,729,630
2012 $186,833,516,484 $5,413,541,649
2011 $167,775,274,725 $5,422,439,152
2010 $123,627,197,802 $4,746,386,893
2009 $97,798,351,648 $4,721,888,275
2008 $115,270,054,945 $4,578,847,113
2007 $79,712,087,912 $3,759,962,853
2006 $60,882,142,857 $3,320,907,722
2005 $44,530,494,505 $3,221,910,408
2004 $31,734,065,934 $3,191,561,509
2003 $23,533,791,209 $2,987,984,051
2002 $19,363,736,264 $2,410,199,032
2001 $17,538,461,538 $2,093,498,674
2000 $17,759,890,110 $2,106,848,752
1999 $12,393,131,868 $2,226,577,204
1998 $10,255,495,027 $2,241,650,112
1997 $11,297,802,115 $2,116,818,623
1996 $9,059,340,385 $2,069,506,014
1995 $8,137,911,978 $1,849,110,468
1994 $7,374,450,769 $1,387,662,121
1993 $7,156,593,654 $1,741,944,426
1992 $7,646,153,984 $2,390,796,916
1991 $6,883,516,484 $2,262,767,860
1990 $7,360,439,423 $2,299,665,506
1989 $6,487,912,088 $1,910,635,575
1988 $6,038,187,033 $1,947,208,354
1987 $5,446,428,681 $1,763,978,066
1986 $5,053,021,951 $1,498,219,579
1985 $6,153,296,456 $1,076,604,520
1984 $6,704,395,824 $1,014,170,069
1983 $6,467,582,308 $1,081,387,265
1982 $7,596,703,214 $1,160,337,039
1981 $8,661,263,764 $1,359,026,709
1980 $7,829,165,262 $1,604,836,916
1979 $5,632,962,997 $1,259,365,712
1978 $4,052,000,413 $1,164,025,637
1977 $3,617,564,638 $1,097,893,826
1976 $3,284,273,987 $874,681,612
1975 $2,512,773,166 $871,781,687
1974 $2,401,403,227 $791,450,308
1973 $793,885,560 $574,030,984
1972 $510,262,500 $474,043,922
1971 $387,703,106 $404,648,368
1970 $301,791,302 $358,665,754
1969 - $378,091,810
1968 - $341,691,567
1967 - $327,215,844
1966 - $305,227,595
1965 - $264,505,506
1964 - $234,572,186
1963 - $202,305,865
1962 - $186,745,758
1961 - $178,497,098
1960 - $171,057,069

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/qatar/togo | CC BY

GDP per capita in Qatar vs Togo by year

Qatar
GDP per capita

GDP per capita, PPP
Togo
GDP per capita

GDP per capita, PPP
1x
Year Current $
Qatar Togo
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $76,689 $126,046 $1,119 $3,365
2023 $81,817 $129,368 $1,055 $3,154
2022 $88,701 $122,921 $951 $2,935
2021 $71,752 $116,833 $962 $2,639
2020 $51,684 $82,149 $863 $2,384
2019 $66,841 $107,503 $826 $2,215
2018 $71,040 $110,033 $851 $2,067
2017 $63,280 $99,358 $793 $1,986
2016 $61,254 $89,935 $773 $1,933
2015 $68,985 $102,546 $751 $1,880
2014 $95,841 $148,389 $856 $1,803
2013 $103,697 $169,203 $827 $1,715
2012 $108,470 $180,939 $762 $1,645
2011 $103,262 $174,620 $784 $1,616
2010 $76,463 $151,646 $705 $1,537
2009 $60,786 $125,898 $721 $1,474
2008 $80,781 $126,015 $719 $1,429
2007 $65,954 $124,056 $608 $1,387
2006 $62,582 $127,181 $553 $1,407
2005 $53,950 $115,250 $551 $1,368
2004 $41,036 $110,958 $560 $1,427
2003 $31,602 $94,120 $538 $1,440
2002 $27,227 $93,177 $445 $1,357
2001 $25,871 $89,805 $397 $1,320
2000 $27,535 $88,849 $410 $1,315
1999 $20,234 $84,690 $445 $1,332
1998 $17,665 $84,486 $461 $1,318
1997 $20,523 $79,219 $448 $1,373
1996 $17,125 $62,331 $452 $1,218
1995 $15,823 $60,321 $419 $1,140
1994 $14,765 $59,415 $329 $1,082
1993 $14,770 $59,125 $414 $925
1992 $16,280 $60,387 $565 $1,057
1991 $15,133 $54,759 $550 $1,107
1990 $16,722 $55,659 $575 $1,110
1989 $15,243 - $492 -
1988 $14,682 - $517 -
1987 $13,719 - $482 -
1986 $13,213 - $422 -
1985 $16,815 - $313 -
1984 $19,272 - $304 -
1983 $19,616 - $336 -
1982 $24,385 - $372 -
1981 $29,505 - $451 -
1980 $28,375 - $549 -
1979 $21,777 - $443 -
1978 $16,757 - $421 -
1977 $16,058 - $406 -
1976 $15,710 - $332 -
1975 $13,014 - $339 -
1974 $13,540 - $315 -
1973 $4,905 - $234.4 -
1972 $3,483 - $198.8 -
1971 $2,952 - $174.6 -
1970 $2,594 - $159.8 -
1969 - - $174.7 -
1968 - - $164.3 -
1967 - - $163.9 -
1966 - - $159.1 -
1965 - - $142.7 -
1964 - - $130.1 -
1963 - - $114.6 -
1962 - - $107.8 -
1961 - - $104.8 -
1960 - - $102.2 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/qatar/togo | CC BY

Qatar's GDP per capita is $76,689, ranking 11/197, compared to $1,119 in Togo, ranking 172/197. Adjusted for purchasing power (GDP per capita PPP), Qatar ranks 5th at $126,046, while Togo ranks 173rd at $3,365.

Economic indicators

Qatar Togo
Gross domestic product
$219B
2024
$10.7B
2024
GDP rank
56/197
2024
154/197
2024
GDP growth
2.36%
2023-2024
6.53%
2023-2024
GDP per capita
$76,689
2024
$1,119
2024
GDP per capita rank
11/197
2024
172/197
2024
GDP per capita, PPP
$126,046
2024
$3,365
2024
GDP per capita PPP rank
5/197
2024
173/197
2024
Government debt
$90.2B
2024
$7.68B
2024
Debt-to-GDP ratio
41.2%
2024
72.1%
2024
Government debt per person
$31,579
2024
$807
2024
Government debt per person rank
23/185
2024
149/185
2024
Average annual personal income after taxes
$35,660
2026
$1,661
2026
Market capitalization of domestic companies
$170M
2024
n/a
Number of millionaires
26,163
2025
n/a
Number of billionaires
2
2025
n/a
Income share by richest 10%
25.8%
2017
29.6%
2021
Income share by poorest 10%
2.6%
2017
2.8%
2021
Government expenditure, % of GDP
26%
2024
26.4%
2024
Consumer prices inflation
1.27%
2023-2024
2.86%
2023-2024
Central bank interest rate
4.1%
2025
n/a
Unemployment rate
0.13%
2022
1.97%
2022
Population
2999260
9990340

Spending and national debt comparison by year

Qatar
Spending

Debt
Togo
Spending

Debt
1x
Year % of GDP
Qatar Togo
Government spending Government debt Government spending Government debt
2024 26% 41.2% 26.4% 72.1%
2023 27.3% 43.7% 26.6% 68.6%
2022 24.3% 42.6% 26% 67%
2021 29.4% 58.4% 21.8% 64.9%
2020 34.7% 72.6% 23.7% 62.2%
2019 32.5% 62.1% 16.6% 54.9%
2018 28.9% 52.2% 18.8% 58%
2017 34.7% 51.6% 16.3% 57.1%
2016 40.1% 46.7% 22.9% 59.9%
2015 38.6% 35.5% 22.9% 52.4%
2014 32.3% 24.9% 21.9% 44.9%
2013 28.3% 30.9% 20.5% 41.1%
2012 31% 32.1% 19.1% 34.3%
2011 28.5% 33.5% 18.2% 37%
2010 32% 30.4% 15.1% 33.5%
2009 36.4% 36% 14.3% 57.6%
2008 23.5% 11.4% 12.4% 67.3%
2007 29.5% 9.37% 13.7% 70.5%
2006 29.5% 13.9% 14.7% 67.7%
2005 29% 19.1% 13.3% 63.1%
2004 29.9% 30.1% 10.6% 48.7%
2003 28.5% 38.8% 8.88% 50%
2002 31.6% 47.7% 8.42% 54.8%
2001 32.1% 59.2% 10.9% 68.5%
2000 29.8% 51.6% 11.9% 66.5%
1999 42.4% 81.8% 11.9% 59.9%
1998 55.1% 76.6% 12.8% 62.8%
1997 47.6% 54.4% 10.6% 54.4%
1996 55.2% 57.8% 12.4% 60.4%
1995 52.2% 50.2% 12.7% 64.8%
1994 59.8% 54.8% 13.2% 79%
1993 62.8% 46.3% 14.8% 58.3%
1992 54.2% 19.9% 12.6% 45%
1991 57.5% 21.8% 14.6% 46.9%
1990 50% 12.6% 16.8% 44.7%
1989 - - 16.9% 46.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989–2004, retrieved 2026-02-20).

GeoRank.org/economy/qatar/togo | CC BY

In 2024, Qatar's government spending was $56.9B, accounting for 26% of its GDP, while Togo spent $2.81B, or 26.4% of GDP.

Debt-to-GDP ratio is 41.2% in Qatar and 72.1% in Togo, ranking 130/185 and 54/185, respectively.

Government deficit by year

Deficit/surplus
Qatar

Togo
1x
Year Deficit/surplus, % of GDP
Qatar Togo
2024 0.69% -7.43%
2023 5.56% -6.73%
2022 10.4% -8.33%
2021 0.24% -4.65%
2020 -2.13% -7.05%
2019 1% 1.67%
2018 2.26% -0.59%
2017 -6.82% -0.21%
2016 -9.2% -7.02%
2015 18.4% -7.04%
2014 13.4% -7.11%
2013 19.3% -5.08%
2012 8.55% -4.63%
2011 5.24% -4.48%
2010 4.6% -1.66%
2009 14.1% -2.63%
2008 9.49% -0.59%
2007 10.3% -1.83%
2006 8.39% -1.94%
2005 9.8% -1.67%
2004 17.7% 0.61%
2003 6.71% 1.43%
2002 7.89% -0.28%
2001 4.48% -0.72%
2000 4.62% -3.45%
1999 -4.35% -1.76%
1998 -7% -3.25%
1997 -9.4% -0.98%
1996 -8.73% -3.26%
1995 -5.78% -2.97%
1994 -11.8% -5.37%
1993 -9.53% -8.46%
1992 -2.74% -2.27%
1991 -2.57% -3.52%
1990 3.23% -1.65%
1989 - -2.18%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1989, retrieved 2026-02-20).

GeoRank.org/economy/qatar/togo | CC BY

In 2024, Qatar's government surplus, the difference between spending and revenue, was $1.52B, equivalent to 0.69% of GDP. This compares to Togo's deficit of $791M, or 7.43% of GDP.

Over the past 35 years, Qatar recorded a fiscal deficit in 12 of those years, while Togo ran a deficit in 32 years. On average, Qatar posted an annual surplus equal to 3.04% of GDP, compared to deficit of 3.28% of GDP for Togo.

Inflation comparison by year

Inflation
Qatar

Togo
1x
Year Consumer prices inflation
Qatar Togo
2024 1.27% 2.86%
2023 3.03% 5.49%
2022 5% 7.97%
2021 2.3% 4.19%
2020 -2.54% 1.7%
2019 -0.67% 0.67%
2018 0.26% 0.93%
2017 0.39% -0.98%
2016 2.68% 1.29%
2015 1.81% 2.59%
2014 3.35% 0.19%
2013 3.22% 1.83%
2012 2.32% 2.58%
2011 1.14% 3.56%
2010 -2.43% 1.45%
2009 -4.86% 3.71%
2008 15.1% 8.69%
2007 13.8% 0.95%
2006 11.8% 2.23%
2005 8.81% 6.78%
2004 6.8% 0.39%
2003 2.26% -0.93%
2002 0.24% 3.06%
2001 1.47% 3.92%
2000 1.65% 1.86%
1999 2.18% -0.05%
1998 2.95% 0.98%
1997 4.83% 8.25%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/qatar/togo | CC BY

Over the past 28 years, Qatar has recorded an average annual inflation rate of 3.15%, compared with 2.72% in Togo. In 2024, inflation was 1.27% in Qatar and 2.86% in Togo.

Top exports between countries

Qatar
Export category Export value
Raw materials & minerals $24.8M
Chemicals & pharma $6.6M
Machinery & equipment $404K
Togo
Export category Export value
Textiles & consumer goods $6K

Balance of trade

Qatar Togo
Current account balance
$37.9B
2024
-$20.7M
2020
Current account balance ranking
16/190
2024
79/190
2020
Current account balance, % of GDP
+17.3%
2024
-0.28%
2020
Goods imports
$32.6B
2024
$1.95B
2020
Goods exports
$95B
2024
$1.21B
2020
Service imports
$37.1B
2024
$438M
2020
Service exports
$30.2B
2024
$514M
2020
Imports of goods and services, % of GDP
31.6%
2022
38.1%
2024
Exports of goods and services, % of GDP
68.6%
2022
24.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Qatar Togo
Economic freedom 70.2 51.6
Economic freedom ranking 37/197 153/197
Property rights 66.2 43.6
Government integrity 53.5 33.3
Judicial effectiveness 41.5 34
Tax burden 99.9 68.9
Government spending 79.9 79.2
Fiscal health 96.6 9.6
Business freedom 68 60.1
Labor freedom 58.5 51.9
Monetary freedom 76 72.5
Trade freedom 81.8 65.8
Investment freedom 60 60
Financial freedom 60 40

Economic freedom comparison by year

Qatar
Togo
1x
Year Economic freedom index
Qatar Togo
2026 70.2 51.6
2025 70.2 52.3
2024 68.8 50.9
2023 68.6 55.3
2022 67.7 57.2
2021 72 57.5
2020 72.3 54.1
2019 72.6 50.3
2018 72.6 47.8
2017 73.1 53.2
2016 70.7 53.6
2015 70.8 53
2014 71.2 49.9
2013 71.3 48.8
2012 71.3 48.3
2011 70.5 49.1
2010 69 47.1
2009 65.8 48.7
2008 62.2 48.9
2007 62.9 49.7
2006 62.4 47.3
2005 63.5 48.2
2004 66.5 47
2003 65.9 46.8
2002 61.9 45.2
2001 60 45.3
2000 62 46.4
1999 62 48.2

Data sources: The Heritage Foundation | Economic Freedom Index (1999–2026, retrieved 2026-03-09).

GeoRank.org/economy/qatar/togo | CC BY

The Economic Freedom Index for Qatar is 70.2, ranking 37/197, compared to 51.6 for Togo, ranking 153/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Qatar Togo
Services, % of GDP
46.1%
2024
49.2%
2024
Industry, % of GDP
58.2%
2024
20.4%
2024
Agriculture, forestry, and fishing, % of GDP
0.29%
2024
21.3%
2024
GNI, Atlas method
$221B
2024
$10.3B
2024
GNI per capita, PPP
$121,900
2024
$3,380
2024
Total reserves including gold
$54B
2024
n/a
Total reserves ranking
40/177
2024
n/a
Net foreign direct investment
$1.1B
2024
-$53.1M
2020
Net inflows of foreign direct investment
$460M
2024
$83.8M
2024
Net outflows of foreign direct investment
$1.56B
2024
-$73.4M
2024
Servicing debt to the IMF, % of GNI n/a
3.21%
2024
Poverty at national poverty lines n/a
43.8%
2021
Gross capital formation, % of GDP
30.6%
2022
20.8%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/qatar/togo | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1999–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1989–2004, retrieved 2026-02-20)
  6. TradeMap (2022–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.