Togo ranked 154/197 by economy size with a GDP of $10.7B and 172/197 by GDP per capita at $1,119. Togo has $7.68B in government debt, with a debt-to-GDP ratio of 72.1%.
In 2024, Togo made up 0.01% of the world's economy, compared to 0.01% in 1960.
Togo GDP & GDP growth by year
| Year | GDP | GDP growth |
|---|---|---|
| 2024 | $10,651,180,147 | 6.53% |
| 2023 | $9,816,236,303 | 6.19% |
| 2022 | $8,646,453,099 | 6.29% |
| 2021 | $8,541,668,141 | 5.13% |
| 2020 | $7,486,031,562 | 2.16% |
| 2019 | $6,992,654,019 | 4.92% |
| 2018 | $7,029,215,766 | 4.8% |
| 2017 | $6,387,424,240 | 4.01% |
| 2016 | $6,071,167,584 | 4.21% |
| 2015 | $5,755,457,836 | 5.47% |
| 2014 | $6,393,314,708 | 5.63% |
| 2013 | $6,021,729,630 | 5.82% |
| 2012 | $5,413,541,649 | 6.3% |
| 2011 | $5,422,439,152 | 5.82% |
| 2010 | $4,746,386,893 | 5.85% |
| 2009 | $4,721,888,275 | 5.45% |
| 2008 | $4,578,847,113 | 4.04% |
| 2007 | $3,759,962,853 | -1.18% |
| 2006 | $3,320,907,722 | 2.65% |
| 2005 | $3,221,910,408 | -4.67% |
| 2004 | $3,191,561,509 | -0.98% |
| 2003 | $2,987,984,051 | 6.72% |
| 2002 | $2,410,199,032 | 3.83% |
| 2001 | $2,093,498,674 | 0.82% |
| 2000 | $2,106,848,752 | -0.78% |
| 1999 | $2,226,577,204 | 2.48% |
| 1998 | $2,241,650,112 | -2.3% |
| 1997 | $2,116,818,623 | 14.4% |
| 1996 | $2,069,506,014 | 8.84% |
| 1995 | $1,849,110,468 | 7.85% |
| 1994 | $1,387,662,121 | 15% |
| 1993 | $1,741,944,426 | -15.1% |
| 1992 | $2,390,796,916 | -3.98% |
| 1991 | $2,262,767,860 | -0.7% |
| 1990 | $2,299,665,506 | -0.24% |
| 1989 | $1,910,635,575 | 4.06% |
| 1988 | $1,947,208,354 | 6.64% |
| 1987 | $1,763,978,066 | 0.51% |
| 1986 | $1,498,219,579 | 1.59% |
| 1985 | $1,076,604,520 | 5.56% |
| 1984 | $1,014,170,069 | 5.56% |
| 1983 | $1,081,387,265 | -5.41% |
| 1982 | $1,160,337,039 | -3.58% |
| 1981 | $1,359,026,709 | -3.32% |
| 1980 | $1,604,836,916 | 14.6% |
| 1979 | $1,259,365,712 | -5.17% |
| 1978 | $1,164,025,637 | 11% |
| 1977 | $1,097,893,826 | 6.96% |
| 1976 | $874,681,612 | -2.05% |
| 1975 | $871,781,687 | 2.44% |
| 1974 | $791,450,308 | 4.83% |
| 1973 | $574,030,984 | 3.84% |
| 1972 | $474,043,922 | 7.63% |
| 1971 | $404,648,368 | 0% |
| 1970 | $358,665,754 | 2.52% |
| 1969 | $378,091,810 | 10.8% |
| 1968 | $341,691,567 | 5.02% |
| 1967 | $327,215,844 | 5.5% |
| 1966 | $305,227,595 | 9.41% |
| 1965 | $264,505,506 | 15.5% |
| 1964 | $234,572,186 | 14.3% |
| 1963 | $202,305,865 | 5% |
| 1962 | $186,745,758 | 3.77% |
| 1961 | $178,497,098 | 12.2% |
| 1960 | $171,057,069 | - |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/togo | CC BY 
Togo GDP per capita by year
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 2024 | $1,119 | $3,365 |
| 2023 | $1,055 | $3,154 |
| 2022 | $951 | $2,935 |
| 2021 | $962 | $2,639 |
| 2020 | $863 | $2,384 |
| 2019 | $826 | $2,215 |
| 2018 | $851 | $2,067 |
| 2017 | $793 | $1,986 |
| 2016 | $773 | $1,933 |
| 2015 | $751 | $1,880 |
| 2014 | $856 | $1,803 |
| 2013 | $827 | $1,715 |
| 2012 | $762 | $1,645 |
| 2011 | $784 | $1,616 |
| 2010 | $705 | $1,537 |
| 2009 | $721 | $1,474 |
| 2008 | $719 | $1,429 |
| 2007 | $608 | $1,387 |
| 2006 | $553 | $1,407 |
| 2005 | $551 | $1,368 |
| 2004 | $560 | $1,427 |
| 2003 | $538 | $1,440 |
| 2002 | $445 | $1,357 |
| 2001 | $397 | $1,320 |
| 2000 | $410 | $1,315 |
| 1999 | $445 | $1,332 |
| 1998 | $461 | $1,318 |
| 1997 | $448 | $1,373 |
| 1996 | $452 | $1,218 |
| 1995 | $419 | $1,140 |
| 1994 | $329 | $1,082 |
| 1993 | $414 | $925 |
| 1992 | $565 | $1,057 |
| 1991 | $550 | $1,107 |
| 1990 | $575 | $1,110 |
| 1989 | $492 | - |
| 1988 | $517 | - |
| 1987 | $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/togo | CC BY
Togo has a GDP per capita of $1,119, ranking 172/197, a GDP per capita based on purchasing power parity (PPP) of $3,365, ranking 173/197, and a median annual after tax income of $1,661, ranking 177/197.
Togo GDP rankings by year
| Year | Rank | ||
|---|---|---|---|
| GDP | GDP per capita | GDP per capita, PPP | |
| 2024 | 148 | 162 | 159 |
| 2023 | 151 | 171 | 169 |
| 2022 | 151 | 178 | 170 |
| 2021 | 150 | 171 | 171 |
| 2020 | 150 | 173 | 174 |
| 2019 | 151 | 176 | 178 |
| 2018 | 152 | 174 | 177 |
| 2017 | 153 | 177 | 178 |
| 2016 | 154 | 176 | 175 |
| 2015 | 155 | 179 | 176 |
| 2014 | 154 | 178 | 176 |
| 2013 | 154 | 177 | 179 |
| 2012 | 155 | 179 | 177 |
| 2011 | 154 | 177 | 180 |
| 2010 | 154 | 178 | 180 |
| 2009 | 149 | 174 | 182 |
| 2008 | 154 | 170 | 181 |
| 2007 | 154 | 171 | 180 |
| 2006 | 152 | 169 | 179 |
| 2005 | 146 | 161 | 178 |
| 2004 | 146 | 160 | 175 |
| 2003 | 142 | 158 | 169 |
| 2002 | 142 | 159 | 170 |
| 2001 | 145 | 164 | 170 |
| 2000 | 144 | 163 | 168 |
| 1999 | 142 | 155 | 165 |
| 1998 | 141 | 155 | 162 |
| 1997 | 142 | 158 | 159 |
| 1996 | 143 | 152 | 160 |
| 1995 | 143 | 154 | 159 |
| 1994 | 144 | 153 | 159 |
| 1993 | 137 | 142 | 165 |
| 1992 | 128 | 138 | 156 |
| 1991 | 132 | 141 | 151 |
| 1990 | 133 | 141 | 151 |
| 1989 | 122 | 130 | - |
| 1988 | 121 | 129 | - |
| 1987 | 117 | 126 | - |
| 1986 | 114 | 126 | - |
| 1985 | 120 | 136 | - |
| 1984 | 121 | 134 | - |
| 1983 | 119 | 128 | - |
| 1982 | 115 | 129 | - |
| 1981 | 108 | 125 | - |
| 1980 | 104 | 118 | - |
| 1979 | 99 | 114 | - |
| 1978 | 98 | 113 | - |
| 1977 | 97 | 112 | - |
| 1976 | 100 | 112 | - |
| 1975 | 98 | 112 | - |
| 1974 | 97 | 108 | - |
| 1973 | 99 | 113 | - |
| 1972 | 98 | 114 | - |
| 1971 | 97 | 115 | - |
| 1970 | 98 | 118 | - |
| 1969 | 94 | 92 | - |
| 1968 | 94 | 92 | - |
| 1967 | 93 | 89 | - |
| 1966 | 91 | 89 | - |
| 1965 | 93 | 93 | - |
| 1964 | 92 | 89 | - |
| 1963 | 94 | 93 | - |
| 1962 | 96 | 92 | - |
| 1961 | 95 | 90 | - |
| 1960 | 91 | 88 | - |
Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).
GeoRank.org/economy/togo | CC BY
Compared with 2000, in 2024 Togo is ranked 148th out of 182 by GDP (down from 144th), 162nd by GDP per capita (up from 163rd), and 159th by GDP per capita PPP (up from 168th).
Economic indicators
Togo
|
Rank | |
|---|---|---|
| Gross domestic product |
$10.7B
2024 |
154/197 |
| GDP growth |
6.53%
2023-2024 |
15/194 |
| GDP per capita |
$1,119
2024 |
172/197 |
| GDP per capita, PPP |
$3,365
2024 |
173/197 |
| Government debt |
$7.68B
2024 |
136/185 |
| Debt-to-GDP ratio |
72.1%
2024 |
54/185 |
| Government debt per person |
$807
2024 |
149/185 |
| Average annual personal income after taxes |
$1,661
2026 |
177/197 |
| Income share by richest 10% |
29.6%
2021 |
67/169 |
| Income share by poorest 10% |
2.8%
2021 |
90/169 |
| Government expenditure, % of GDP |
26.4%
2024 |
114/195 |
| Consumer prices inflation |
2.86%
2023-2024 |
111/195 |
| Unemployment rate |
1.97%
2022 |
175/196 |
| Population |
9990340
|
98/197 |
Government spending, deficit, and debt by year
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 2024 | 26.4% | 72.1% | -7.43% |
| 2023 | 26.6% | 68.6% | -6.73% |
| 2022 | 26% | 67% | -8.33% |
| 2021 | 21.8% | 64.9% | -4.65% |
| 2020 | 23.7% | 62.2% | -7.05% |
| 2019 | 16.6% | 54.9% | 1.67% |
| 2018 | 18.8% | 58% | -0.59% |
| 2017 | 16.3% | 57.1% | -0.21% |
| 2016 | 22.9% | 59.9% | -7.02% |
| 2015 | 22.9% | 52.4% | -7.04% |
| 2014 | 21.9% | 44.9% | -7.11% |
| 2013 | 20.5% | 41.1% | -5.08% |
| 2012 | 19.1% | 34.3% | -4.63% |
| 2011 | 18.2% | 37% | -4.48% |
| 2010 | 15.1% | 33.5% | -1.66% |
| 2009 | 14.3% | 57.6% | -2.63% |
| 2008 | 12.4% | 67.3% | -0.59% |
| 2007 | 13.7% | 70.5% | -1.83% |
| 2006 | 14.7% | 67.7% | -1.94% |
| 2005 | 13.3% | 63.1% | -1.67% |
| 2004 | 10.6% | 48.7% | 0.61% |
| 2003 | 8.88% | 50% | 1.43% |
| 2002 | 8.42% | 54.8% | -0.28% |
| 2001 | 10.9% | 68.5% | -0.72% |
| 2000 | 11.9% | 66.5% | -3.45% |
| 1999 | 11.9% | 59.9% | -1.76% |
| 1998 | 12.8% | 62.8% | -3.25% |
| 1997 | 10.6% | 54.4% | -0.98% |
| 1996 | 12.4% | 60.4% | -3.26% |
| 1995 | 12.7% | 64.8% | -2.97% |
| 1994 | 13.2% | 79% | -5.37% |
| 1993 | 14.8% | 58.3% | -8.46% |
| 1992 | 12.6% | 45% | -2.27% |
| 1991 | 14.6% | 46.9% | -3.52% |
| 1990 | 16.8% | 44.7% | -1.65% |
| 1989 | 16.9% | 46.3% | -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 (1989–2004, retrieved 2026-02-20).
GeoRank.org/economy/togo | CC BY
This chart shows Togo's government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 36 years, Togo recorded a fiscal deficit in 33 of them, with an average annual deficit equal to 3.25% of GDP. In 2024, government spending reached $2.81B (26.4% of GDP), with a deficit of 7.43%.
The national debt reached $7.68B, ranking 136th out of 185 countries by total size, with a debt-to-GDP ratio of 72.1%, ranking 54th.
Inflation rate by year
| Year | Inflation |
|---|---|
| 2024 | 2.86% |
| 2023 | 5.49% |
| 2022 | 7.97% |
| 2021 | 4.19% |
| 2020 | 1.7% |
| 2019 | 0.67% |
| 2018 | 0.93% |
| 2017 | -0.98% |
| 2016 | 1.29% |
| 2015 | 2.59% |
| 2014 | 0.19% |
| 2013 | 1.83% |
| 2012 | 2.58% |
| 2011 | 3.56% |
| 2010 | 1.45% |
| 2009 | 3.71% |
| 2008 | 8.69% |
| 2007 | 0.95% |
| 2006 | 2.23% |
| 2005 | 6.78% |
| 2004 | 0.39% |
| 2003 | -0.93% |
| 2002 | 3.06% |
| 2001 | 3.92% |
| 2000 | 1.86% |
| 1999 | -0.05% |
| 1998 | 0.98% |
| 1997 | 8.25% |
| 1996 | 4.69% |
| 1995 | 16.4% |
| 1994 | 39.2% |
| 1993 | -1.01% |
| 1992 | 1.39% |
| 1991 | 0.39% |
| 1990 | 1.02% |
| 1989 | -0.84% |
| 1988 | -0.15% |
| 1987 | 0.05% |
| 1986 | 4.12% |
| 1985 | -1.81% |
| 1984 | -3.53% |
| 1983 | 9.36% |
| 1982 | 11.1% |
| 1981 | 19.7% |
| 1980 | 12.3% |
| 1979 | 7.54% |
| 1978 | 0.44% |
| 1977 | 22.5% |
| 1976 | 11.6% |
| 1975 | 18% |
| 1974 | 12.8% |
| 1973 | 3.62% |
| 1972 | 7.73% |
| 1971 | 6.49% |
| 1970 | 4.48% |
| 1969 | 6.02% |
| 1968 | 0.3% |
| 1967 | -2.32% |
Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).
GeoRank.org/economy/togo | CC BY
Over the past 20 years, Togo has had an average annual inflation rate of 2.93%. In 2024, inflation was 2.86%. The bar chart above shows consumer price inflation by year.
Balance of trade
|
Togo
|
Rank | |
|---|---|---|
|
Current account balance
|
-$20.7M
2020 |
79/190 |
| Current account balance, % of GDP |
-0.28%
2020 |
78/190 |
| Goods imports |
$1.95B
2020 |
153/189 |
| Goods exports |
$1.21B
2020 |
145/189 |
| Service imports |
$438M
2020 |
160/189 |
| Service exports |
$514M
2020 |
144/189 |
| Imports of goods and services, % of GDP |
38.1%
2024 |
105/181 |
| Exports of goods and services, % of GDP |
24.4%
2024 |
132/193 |
Togo top 10 trading partners
Togo's biggest trading partner accounting for 15.4% of all exports and imports is China, with a trade balance between the two of -$677M: Togo exports $15.3M worth of goods and services to China and imports $692M.
Below is the list of the top 10 trade partners of Togo.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
China
|
$707M | 15.4% | $15.3M | $692M | Metals | Machinery & equipment |
| 2 |
India
|
$430M | 9.39% | $236M | $195M | Raw materials & minerals | Raw agricultural goods |
| 3 |
France
|
$306M | 6.67% | $96M | $210M | Raw materials & minerals | Chemicals & pharma |
| 4 |
Russia
|
$281M | 6.13% | $1.18M | $280M | Processed food, beverages & tobacco | Raw materials & minerals |
| 5 |
Burkina Faso
|
$213M | 4.64% | $159M | $53.2M | Raw materials & minerals | Raw agricultural goods |
| 6 |
Ivory Coast
|
$197M | 4.29% | $161M | $36.1M | Chemicals & pharma | Chemicals & pharma |
| 7 |
Ghana
|
$153M | 3.34% | $87.9M | $65M | Raw materials & minerals | Textiles & consumer goods |
| 8 |
Nigeria
|
$140M | 3.06% | $11.8M | $128M | Raw materials & minerals | Raw materials & minerals |
| 9 |
Senegal
|
$137M | 2.98% | $37.7M | $98.9M | Textiles & consumer goods | Raw materials & minerals |
| 10 |
Belgium
|
$129M | 2.82% | $14M | $115M | Raw agricultural goods | Raw materials & minerals |
Top 10 exports
|
Togo
|
Rank | |
|---|---|---|
| Raw materials & minerals | $404M | 128/193 |
| Processed food, beverages & tobacco | $296M | 111/192 |
| Transport & tourism services | $258M | 143/188 |
| Chemicals & pharma | $225M | 96/193 |
| Business & finance services | $182M | 114/188 |
| Textiles & consumer goods | $162M | 111/193 |
| Machinery & equipment | $119M | 126/193 |
| Raw agricultural goods | $61.6M | 128/193 |
| Metals | $40.3M | 134/192 |
| IT & IP services | $35.6M | 132/183 |
Top 10 imports
|
Togo
|
Rank | |
|---|---|---|
| Raw materials & minerals | $817M | 140/193 |
| Machinery & equipment | $744M | 148/193 |
| Textiles & consumer goods | $416M | 127/193 |
| Chemicals & pharma | $416M | 139/193 |
| Transport & tourism services | $318M | 154/188 |
| Processed food, beverages & tobacco | $269M | 146/193 |
| Metals | $178M | 148/193 |
| Raw agricultural goods | $178M | 147/193 |
| Animal & marine products | $106M | 132/193 |
| Business & finance services | $74.3M | 161/188 |
Economic freedom indices
|
Togo
|
Rank | |
|---|---|---|
| Economic freedom | 51.6 | 153/197 |
| Property rights | 43.6 | 108/182 |
| Government integrity | 33.3 | 121/182 |
| Judicial effectiveness | 34 | 116/182 |
| Tax burden | 68.9 | 148/182 |
| Government spending | 79.2 | 70/180 |
| Fiscal health | 9.6 | 164/181 |
| Business freedom | 60.1 | 111/182 |
| Labor freedom | 51.9 | 130/182 |
| Monetary freedom | 72.5 | 106/180 |
| Trade freedom | 65.8 | 125/181 |
| Investment freedom | 60 | 87/181 |
| Financial freedom | 40 | 127/181 |
Economic freedom by year
| Year | Index | ||||
|---|---|---|---|---|---|
| Economic freedom | Judicial effectiveness | Tax burden | Government spending | Fiscal health | |
| 2026 | 51.6 | 34 | 68.9 | 79.2 | 9.6 |
| 2025 | 52.3 | 37.1 | 70.5 | 81.6 | 21.7 |
| 2024 | 50.9 | 37 | 69.6 | 83 | 19.9 |
| 2023 | 55.3 | 30.1 | 70.2 | 87.1 | 69.4 |
| 2022 | 57.2 | 35.1 | 68.7 | 88.9 | 88.8 |
| 2021 | 57.5 | 28.2 | 68 | 84.8 | 89.9 |
| 2020 | 54.1 | 31.7 | 67.5 | 78.6 | 59.4 |
| 2019 | 50.3 | 29.6 | 67.8 | 77 | 24.5 |
| 2018 | 47.8 | 28.2 | 64.3 | 73.3 | 7.5 |
| 2017 | 53.2 | 39.9 | 68.2 | 79.8 | 45.1 |
| 2016 | 53.6 | - | 68.7 | 80.4 | - |
| 2015 | 53 | - | 69.7 | 78.1 | - |
| 2014 | 49.9 | - | 69.7 | 82.4 | - |
| 2013 | 48.8 | - | 68.5 | 81.6 | - |
| 2012 | 48.3 | - | 68.6 | 85.6 | - |
| 2011 | 49.1 | - | 68.1 | 88.6 | - |
| 2010 | 47.1 | - | 56.2 | 86 | - |
| 2009 | 48.7 | - | 53.7 | 86.6 | - |
| 2008 | 48.9 | - | 53.9 | 88.8 | - |
| 2007 | 49.7 | - | 54.7 | 92 | - |
| 2006 | 47.3 | - | 49.7 | 94.4 | - |
| 2005 | 48.2 | - | 52.2 | 94.9 | - |
| 2004 | 47 | - | 52.4 | 92 | - |
| 2003 | 46.8 | - | 52.3 | 88.9 | - |
| 2002 | 45.2 | - | 54.3 | 89.2 | - |
| 2001 | 45.3 | - | 54.2 | 93.3 | - |
| 2000 | 46.4 | - | 54.3 | 86.8 | - |
| 1999 | 48.2 | - | 77.4 | 86.6 | - |
Data sources: The Heritage Foundation | Economic Freedom Index (1999–2026, retrieved 2026-03-09).
GeoRank.org/economy/togo | CC BY
Togo is ranked 136/174 for economic freedom with a score of 51.6, compared to 146/162 and a score of 47.3 in 2006.
Other economic metrics
|
Togo
|
Rank | |
|---|---|---|
| Services, % of GDP |
49.2%
2024 |
137/191 |
| Industry, % of GDP |
20.4%
2024 |
126/194 |
| Agriculture, forestry, and fishing, % of GDP |
21.3%
2024 |
33/193 |
|
GNI, Atlas method
|
$10.3B
2024 |
151/194 |
| GNI per capita, PPP |
$3,380
2024 |
169/191 |
|
Net foreign direct investment
|
-$53.1M
2020 |
65/189 |
|
Net inflows of foreign direct investment
|
$83.8M
2024 |
146/193 |
|
Net outflows of foreign direct investment
|
-$73.4M
2024 |
182/193 |
|
Servicing debt to the IMF, % of GNI
|
3.21%
2024 |
77/121 |
| Poverty at national poverty lines |
43.8%
2021 |
32/176 |
|
Gross capital formation, % of GDP
|
20.8%
2024 |
114/178 |
Compare Togo vs other countries
GDP per capita map
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/togo | CC BY
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Data sources:
- World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
- International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
- The Heritage Foundation | Economic Freedom Index (1999–2026, retrieved 2026-03-09)
- U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
- TradeMap (2020–2024, retrieved 2026-02-08)
- International Monetary Fund (IMF) | Public Finances in Modern History (1989–2004, retrieved 2026-02-20)
- United Nations | World Population Prospects (2026, retrieved 2026-03-10)
- LivingCost (2026, retrieved 2025-10-14)
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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.