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Economy of Romania vs Togo compared: GDP & Debt

Updated on by Georank team

Romania has a GDP of $383B compared to $10.7B for Togo, ranking 42/197 and 154/197 by economy size, respectively.

Romania has $220B in government debt (57.4% of GDP), compared to $7.68B (72.1% of GDP) in Togo.

Romania vs Togo GDP by year

Romania
Togo
1x
Year GDP, current $
Romania Togo
2024 $382,564,217,989 $10,651,180,147
2023 $347,757,995,759 $9,816,236,303
2022 $295,319,437,557 $8,646,453,099
2021 $285,071,280,114 $8,541,668,141
2020 $250,625,048,304 $7,486,031,562
2019 $250,080,428,512 $6,992,654,019
2018 $241,791,427,224 $7,029,215,766
2017 $210,147,385,855 $6,387,424,240
2016 $185,290,759,249 $6,071,167,584
2015 $177,885,131,240 $5,755,457,836
2014 $199,722,319,676 $6,393,314,708
2013 $189,798,603,751 $6,021,729,630
2012 $179,117,323,107 $5,413,541,649
2011 $192,623,977,894 $5,422,439,152
2010 $170,064,350,672 $4,746,386,893
2009 $174,110,532,659 $4,721,888,275
2008 $214,315,932,061 $4,578,847,113
2007 $174,588,782,939 $3,759,962,853
2006 $122,023,735,993 $3,320,907,722
2005 $98,454,380,120 $3,221,910,408
2004 $74,973,656,852 $3,191,561,509
2003 $57,806,384,143 $2,987,984,051
2002 $46,065,502,703 $2,410,199,032
2001 $40,395,116,581 $2,093,498,674
2000 $37,253,739,511 $2,106,848,752
1999 $35,953,156,754 $2,226,577,204
1998 $41,696,091,974 $2,241,650,112
1997 $35,575,214,078 $2,116,818,623
1996 $36,937,074,278 $2,069,506,014
1995 $37,430,162,103 $1,849,110,468
1994 $30,072,805,104 $1,387,662,121
1993 $26,361,160,450 $1,741,944,426
1992 $25,121,666,667 $2,390,796,916
1991 $28,850,634,900 $2,262,767,860
1990 $38,247,882,300 $2,299,665,506
1989 $41,450,777,202 $1,910,635,575
1988 $40,424,528,302 $1,947,208,354
1987 $38,067,567,568 $1,763,978,066
1986 - $1,498,219,579
1985 - $1,076,604,520
1984 - $1,014,170,069
1983 - $1,081,387,265
1982 - $1,160,337,039
1981 - $1,359,026,709
1980 - $1,604,836,916
1979 - $1,259,365,712
1978 - $1,164,025,637
1977 - $1,097,893,826
1976 - $874,681,612
1975 - $871,781,687
1974 - $791,450,308
1973 - $574,030,984
1972 - $474,043,922
1971 - $404,648,368
1970 - $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/romania/togo | CC BY

GDP per capita in Romania vs Togo by year

Romania
GDP per capita

GDP per capita, PPP
Togo
GDP per capita

GDP per capita, PPP
1x
Year Current $
Romania Togo
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $20,080 $49,077 $1,119 $3,365
2023 $18,244 $45,982 $1,055 $3,154
2022 $15,504 $41,979 $951 $2,935
2021 $14,908 $37,534 $962 $2,639
2020 $13,009 $34,194 $863 $2,384
2019 $12,910 $33,425 $826 $2,215
2018 $12,416 $29,383 $851 $2,067
2017 $10,728 $26,943 $793 $1,986
2016 $9,405 $23,905 $773 $1,933
2015 $8,977 $21,625 $751 $1,880
2014 $10,032 $20,633 $856 $1,803
2013 $9,498 $19,678 $827 $1,715
2012 $8,930 $19,808 $762 $1,645
2011 $9,561 $18,804 $784 $1,616
2010 $8,400 $17,355 $705 $1,537
2009 $8,548 $16,641 $721 $1,474
2008 $10,435 $16,782 $719 $1,429
2007 $8,360 $13,703 $608 $1,387
2006 $5,758 $11,554 $553 $1,407
2005 $4,618 $9,602 $551 $1,368
2004 $3,495 $8,989 $560 $1,427
2003 $2,679 $7,559 $538 $1,440
2002 $2,120 $7,162 $445 $1,357
2001 $1,825 $6,520 $397 $1,320
2000 $1,660 $5,850 $410 $1,315
1999 $1,600 $5,596 $445 $1,332
1998 $1,853 $5,545 $461 $1,318
1997 $1,577 $5,564 $448 $1,373
1996 $1,633 $5,746 $452 $1,218
1995 $1,650 $5,429 $419 $1,140
1994 $1,323 $4,995 $329 $1,082
1993 $1,158 $4,699 $414 $925
1992 $1,102 $4,515 $565 $1,057
1991 $1,254 $4,795 $550 $1,107
1990 $1,648 $5,280 $575 $1,110
1989 $1,790 - $492 -
1988 $1,753 - $517 -
1987 $1,659 - $482 -
1986 - - $422 -
1985 - - $313 -
1984 - - $304 -
1983 - - $336 -
1982 - - $372 -
1981 - - $451 -
1980 - - $549 -
1979 - - $443 -
1978 - - $421 -
1977 - - $406 -
1976 - - $332 -
1975 - - $339 -
1974 - - $315 -
1973 - - $234.4 -
1972 - - $198.8 -
1971 - - $174.6 -
1970 - - $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/romania/togo | CC BY

Romania's GDP per capita is $20,080, ranking 58/197, compared to $1,119 in Togo, ranking 172/197. Adjusted for purchasing power (GDP per capita PPP), Romania ranks 47th at $49,077, while Togo ranks 173rd at $3,365.

Economic indicators

Romania Togo
Gross domestic product
$383B
2024
$10.7B
2024
GDP rank
42/197
2024
154/197
2024
GDP growth
0.92%
2023-2024
6.53%
2023-2024
GDP per capita
$20,080
2024
$1,119
2024
GDP per capita rank
58/197
2024
172/197
2024
GDP per capita, PPP
$49,077
2024
$3,365
2024
GDP per capita PPP rank
47/197
2024
173/197
2024
Government debt
$220B
2024
$7.68B
2024
Debt-to-GDP ratio
57.4%
2024
72.1%
2024
Government debt per person
$11,533
2024
$807
2024
Government debt per person rank
48/185
2024
149/185
2024
Average annual personal income after taxes
$13,912
2026
$1,661
2026
Market capitalization of domestic companies
$47.4B
2024
n/a
Number of billionaires
6
2025
n/a
Income share by richest 10%
21.8%
2023
29.6%
2021
Income share by poorest 10%
2.4%
2023
2.8%
2021
Government expenditure, % of GDP
39.9%
2024
26.4%
2024
Consumer prices inflation
5.6%
2023-2024
2.86%
2023-2024
Central bank interest rate
6.5%
2024
n/a
Unemployment rate
5.43%
2024
1.97%
2022
Population
18839108
9990340

Spending and national debt comparison by year

Romania
Spending

Debt
Togo
Spending

Debt
1x
Year % of GDP
Romania Togo
Government spending Government debt Government spending Government debt
2024 39.9% 57.4% 26.4% 72.1%
2023 36.6% 52.1% 26.6% 68.6%
2022 37.4% 51.7% 26% 67%
2021 37% 51.5% 21.8% 64.9%
2020 38.1% 49.3% 23.7% 62.2%
2019 33.2% 36.5% 16.6% 54.9%
2018 31.7% 36.2% 18.8% 58%
2017 31% 37.1% 16.3% 57.1%
2016 31.8% 39.5% 22.9% 59.9%
2015 34.2% 39.4% 22.9% 52.4%
2014 33.8% 40.5% 21.9% 44.9%
2013 34.2% 39.3% 20.5% 41.1%
2012 33.5% 36.2% 19.1% 34.3%
2011 35% 32.6% 18.2% 37%
2010 37.4% 30.2% 15.1% 33.5%
2009 36.3% 22.5% 14.3% 57.6%
2008 35.3% 13% 12.4% 67.3%
2007 34.6% 12.4% 13.7% 70.5%
2006 33.9% 12.7% 14.7% 67.7%
2005 32.3% 17.8% 13.3% 63.1%
2004 33.7% 21.3% 10.6% 48.7%
2003 31.8% 24.9% 8.88% 50%
2002 32.1% 27.4% 8.42% 54.8%
2001 33.2% 27.4% 10.9% 68.5%
2000 35% 29.6% 11.9% 66.5%
1999 35.1% 21.7% 11.9% 59.9%
1998 34.7% 16.5% 12.8% 62.8%
1997 33.5% 15% 10.6% 54.4%
1996 33.5% 11% 12.4% 60.4%
1995 34.4% 6.91% 12.7% 64.8%
1994 33.1% - 13.2% 79%
1993 33.5% - 14.8% 58.3%
1992 41.5% - 12.6% 45%
1991 38.3% - 14.6% 46.9%
1990 38.4% - 16.8% 44.7%
1989 40.1% - 16.9% 46.3%
1988 36.6% - - -
1987 40.7% - - -
1986 42.5% - - -
1985 41.6% - - -
1984 28.6% - - -
1983 25.8% - - -
1982 28.5% - - -
1981 30.4% - - -
1980 33.6% - - -
1979 42% - - -
1978 42.1% - - -
1977 39.9% - - -
1976 37.5% - - -
1975 40.6% - - -
1974 37.6% - - -
1973 32.6% - - -
1972 29.9% - - -
1971 27.2% - - -
1970 28.1% - - -
1969 32.1% - - -
1968 31.8% - - -
1967 30.6% - - -
1966 27.3% - - -
1965 25.6% - - -
1964 25.1% - - -
1963 23.1% - - -
1962 43.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–2004, retrieved 2026-02-20).

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

In 2024, Romania's government spending was $153B, accounting for 39.9% of its GDP, while Togo spent $2.81B, or 26.4% of GDP.

Debt-to-GDP ratio is 57.4% in Romania and 72.1% in Togo, ranking 87/185 and 54/185, respectively.

Government deficit by year

Deficit/surplus
Romania

Togo
1x
Year Deficit/surplus, % of GDP
Romania Togo
2024 -8.68% -7.43%
2023 -5.61% -6.73%
2022 -5.83% -8.33%
2021 -6.7% -4.65%
2020 -9.54% -7.05%
2019 -4.55% 1.67%
2018 -2.74% -0.59%
2017 -2.86% -0.21%
2016 -2.5% -7.02%
2015 -1.35% -7.04%
2014 -1.76% -7.11%
2013 -2.44% -5.08%
2012 -2.39% -4.63%
2011 -4.14% -4.48%
2010 -6.22% -1.66%
2009 -6.86% -2.63%
2008 -4.6% -0.59%
2007 -3.05% -1.83%
2006 -1.36% -1.94%
2005 -0.69% -1.67%
2004 -3.39% 0.61%
2003 -2.29% 1.43%
2002 -2.59% -0.28%
2001 -3.2% -0.72%
2000 -3.99% -3.45%
1999 -3.58% -1.76%
1998 -5.33% -3.25%
1997 -5.19% -0.98%
1996 -4.74% -3.26%
1995 -3.32% -2.97%
1994 -2.2% -5.37%
1993 -0.35% -8.46%
1992 -4.55% -2.27%
1991 3.23% -3.52%
1990 1.03% -1.65%
1989 -2.87% -2.18%
1988 8.4% -
1987 2.37% -
1986 5.72% -
1985 6.36% -
1984 15.2% -
1983 9.35% -
1982 0.36% -
1981 0.61% -
1980 -1.95% -
1979 0% -
1978 0% -
1977 0.23% -
1976 0.66% -
1975 0.41% -
1974 0.51% -
1973 1.53% -
1972 1.21% -
1971 0.89% -
1970 0.52% -
1969 0.93% -
1968 1.65% -
1967 1.23% -
1966 0.91% -
1965 -1.29% -
1964 -3.11% -
1963 -1.61% -
1962 -4.86% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

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

In 2024, Romania's government deficit, the difference between spending and revenue, was $33.2B, equivalent to 8.68% of GDP. This compares to Togo's deficit of $791M, or 7.43% of GDP.

Over the past 36 years, Romania recorded a fiscal deficit in 34 of those years, while Togo ran a deficit in 33 years. On average, Romania posted an annual deficit equal to 3.53% of GDP, compared to deficit of 3.25% of GDP for Togo.

Inflation comparison by year

Inflation
Romania

Togo
1x
Year Consumer prices inflation
Romania Togo
2024 5.6% 2.86%
2023 10.4% 5.49%
2022 13.8% 7.97%
2021 5% 4.19%
2020 2.6% 1.7%
2019 3.8% 0.67%
2018 4.6% 0.93%
2017 1.3% -0.98%
2016 -1.6% 1.29%
2015 -0.6% 2.59%
2014 1.1% 0.19%
2013 4% 1.83%
2012 3.3% 2.58%
2011 5.8% 3.56%
2010 6.1% 1.45%
2009 5.6% 3.71%
2008 7.8% 8.69%
2007 4.8% 0.95%
2006 6.6% 2.23%
2005 9% 6.78%
2004 11.9% 0.39%
2003 15.4% -0.93%
2002 22.5% 3.06%
2001 34.5% 3.92%
2000 45.7% 1.86%
1999 45.8% -0.05%
1998 59.1% 0.98%
1997 154.8% 8.25%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Romania has recorded an average annual inflation rate of 17.5%, compared with 2.72% in Togo. In 2024, inflation was 5.6% in Romania and 2.86% in Togo.

Top exports between countries

Romania
Export category Export value
Raw materials & minerals $2.47M
Raw agricultural goods $1.11M
Processed food, beverages & tobacco $375K
Machinery & equipment $359K
Wood & paper products $191K
Textiles & consumer goods $69K
Animal & marine products $53K
Miscellaneous $7K
Togo
Export category Export value
Raw agricultural goods $4K
Machinery & equipment $1K
Textiles & consumer goods $1K

Balance of trade

Romania Togo
Current account balance
-$31.2B
2024
-$20.7M
2020
Current account balance ranking
185/190
2024
79/190
2020
Current account balance, % of GDP
-8.16%
2024
-0.28%
2020
Goods imports
$129B
2024
$1.95B
2020
Goods exports
$93.3B
2024
$1.21B
2020
Service imports
$30.2B
2024
$438M
2020
Service exports
$42.9B
2024
$514M
2020
Imports of goods and services, % of GDP
41.6%
2024
38.1%
2024
Exports of goods and services, % of GDP
35.6%
2024
24.4%
2024

Economic freedom indices

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

Romania Togo
Economic freedom 65.4 51.6
Economic freedom ranking 64/197 153/197
Property rights 81 43.6
Government integrity 50 33.3
Judicial effectiveness 67 34
Tax burden 89.1 68.9
Government spending 56.7 79.2
Fiscal health 21.4 9.6
Business freedom 74.4 60.1
Labor freedom 63.6 51.9
Monetary freedom 72.7 72.5
Trade freedom 79.4 65.8
Investment freedom 70 60
Financial freedom 60 40

Economic freedom comparison by year

Romania
Togo
1x
Year Economic freedom index
Romania Togo
2026 65.4 51.6
2025 66.5 52.3
2024 64.4 50.9
2023 64.5 55.3
2022 67.1 57.2
2021 69.5 57.5
2020 69.7 54.1
2019 68.6 50.3
2018 69.4 47.8
2017 69.7 53.2
2016 65.6 53.6
2015 66.6 53
2014 65.5 49.9
2013 65.1 48.8
2012 64.4 48.3
2011 64.7 49.1
2010 64.2 47.1
2009 63.2 48.7
2008 61.7 48.9
2007 61.2 49.7
2006 58.2 47.3
2005 52.1 48.2
2004 50 47
2003 50.6 46.8
2002 48.7 45.2
2001 50 45.3
2000 52.1 46.4
1999 50.1 48.2
1998 54.4 -
1997 50.8 -
1996 46.2 -
1995 42.9 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Romania is 65.4, ranking 64/197, 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

Romania Togo
Services, % of GDP
62.6%
2024
49.2%
2024
Industry, % of GDP
25.3%
2024
20.4%
2024
Agriculture, forestry, and fishing, % of GDP
2.81%
2024
21.3%
2024
GNI, Atlas method
$335B
2024
$10.3B
2024
GNI per capita, PPP
$47,920
2024
$3,380
2024
Total reserves including gold
$73.4B
2024
n/a
Total reserves ranking
35/177
2024
n/a
Net foreign direct investment
-$5.17B
2024
-$53.1M
2020
Net inflows of foreign direct investment
$7.16B
2024
$83.8M
2024
Net outflows of foreign direct investment
$1.99B
2024
-$73.4M
2024
Servicing debt to the IMF, % of GNI n/a
3.21%
2024
Poverty at national poverty lines
19%
2023
43.8%
2021
Gross capital formation, % of GDP
25%
2024
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/romania/togo | CC BY

Compare countries by 7 more topics

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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. International Monetary Fund (IMF) | Public Finances in Modern History (1962–2004, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, 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.