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Economy of Togo vs Ukraine compared: GDP & Debt

Updated on by Georank team

Togo has a GDP of $10.7B compared to $191B for Ukraine, ranking 154/197 and 57/197 by economy size, respectively.

Togo has $7.68B in government debt (72.1% of GDP), compared to $171B (89.7% of GDP) in Ukraine.

Togo vs Ukraine GDP by year

Togo
Ukraine
1x
Year GDP, current $
Togo Ukraine
2024 $10,651,180,147 $190,741,262,415
2023 $9,816,236,303 $181,221,517,869
2022 $8,646,453,099 $161,989,520,721
2021 $8,541,668,141 $199,765,859,571
2020 $7,486,031,562 $156,617,722,013
2019 $6,992,654,019 $153,883,047,510
2018 $7,029,215,766 $130,891,088,294
2017 $6,387,424,240 $112,090,505,082
2016 $6,071,167,584 $93,355,869,404
2015 $5,755,457,836 $91,030,967,789
2014 $6,393,314,708 $133,503,871,862
2013 $6,021,729,630 $190,498,811,460
2012 $5,413,541,649 $182,591,753,828
2011 $5,422,439,152 $169,333,835,202
2010 $4,746,386,893 $141,209,170,427
2009 $4,721,888,275 $121,552,153,444
2008 $4,578,847,113 $188,110,390,660
2007 $3,759,962,853 $148,733,861,386
2006 $3,320,907,722 $111,884,752,475
2005 $3,221,910,408 $89,238,865,119
2004 $3,191,561,509 $67,220,154,164
2003 $2,987,984,051 $52,010,355,753
2002 $2,410,199,032 $43,956,163,612
2001 $2,093,498,674 $39,309,580,983
2000 $2,106,848,752 $32,375,083,935
1999 $2,226,577,204 $31,580,639,554
1998 $2,241,650,112 $41,882,523,345
1997 $2,116,818,623 $50,151,531,592
1996 $2,069,506,014 $44,558,831,005
1995 $1,849,110,468 $48,213,856,469
1994 $1,387,662,121 $52,549,580,265
1993 $1,741,944,426 $65,648,559,903
1992 $2,390,796,916 $73,945,908,384
1991 $2,262,767,860 $77,350,733,982
1990 $2,299,665,506 $81,393,558,423
1989 $1,910,635,575 $82,709,161,099
1988 $1,947,208,354 $74,703,517,903
1987 $1,763,978,066 $64,087,694,038
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/togo/ukraine | CC BY

GDP per capita in Togo vs Ukraine by year

Togo
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Togo Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,119 $3,365 $5,038 $18,550
2023 $1,055 $3,154 $4,803 $17,665
2022 $951 $2,935 $3,946 $14,770
2021 $962 $2,639 $4,510 $17,846
2020 $863 $2,384 $3,505 $15,541
2019 $826 $2,215 $3,423 $14,217
2018 $851 $2,067 $2,895 $12,555
2017 $793 $1,986 $2,467 $11,536
2016 $773 $1,933 $2,047 $10,865
2015 $751 $1,880 $1,988 $9,922
2014 $856 $1,803 $2,904 $10,494
2013 $827 $1,715 $4,130 $10,904
2012 $762 $1,645 $3,951 $9,552
2011 $784 $1,616 $3,657 $9,127
2010 $705 $1,537 $3,040 $8,453
2009 $721 $1,474 $2,607 $7,995
2008 $719 $1,429 $4,018 $9,324
2007 $608 $1,387 $3,160 $8,900
2006 $553 $1,407 $2,366 $7,971
2005 $551 $1,368 $1,875 $7,142
2004 $560 $1,427 $1,401 $6,663
2003 $538 $1,440 $1,076 $5,764
2002 $445 $1,357 $903 $5,123
2001 $397 $1,320 $800 $4,747
2000 $410 $1,315 $653 $4,228
1999 $445 $1,332 $632 $3,871
1998 $461 $1,318 $831 $3,794
1997 $448 $1,373 $987 $3,794
1996 $452 $1,218 $870 $3,812
1995 $419 $1,140 $933 $4,124
1994 $329 $1,082 $1,009 $4,565
1993 $414 $925 $1,254 $5,766
1992 $565 $1,057 $1,413 $6,568
1991 $550 $1,107 $1,483 $7,148
1990 $575 $1,110 $1,564 $7,591
1989 $492 - $1,593 -
1988 $517 - $1,444 -
1987 $482 - $1,244 -
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/ukraine | CC BY

Togo's GDP per capita is $1,119, ranking 172/197, compared to $5,038 in Ukraine, ranking 120/197. Adjusted for purchasing power (GDP per capita PPP), Togo ranks 173rd at $3,365, while Ukraine ranks 101st at $18,550.

Economic indicators

Togo Ukraine
Gross domestic product
$10.7B
2024
$191B
2024
GDP rank
154/197
2024
57/197
2024
GDP growth
6.53%
2023-2024
2.91%
2023-2024
GDP per capita
$1,119
2024
$5,038
2024
GDP per capita rank
172/197
2024
120/197
2024
GDP per capita, PPP
$3,365
2024
$18,550
2024
GDP per capita PPP rank
173/197
2024
101/197
2024
Government debt
$7.68B
2024
$171B
2024
Debt-to-GDP ratio
72.1%
2024
89.7%
2024
Government debt per person
$807
2024
$4,520
2024
Government debt per person rank
149/185
2024
86/185
2024
Average annual personal income after taxes
$1,661
2026
$5,370
2026
Market capitalization of domestic companies n/a
$4.42B
2018
Number of billionaires n/a
7
2025
Income share by richest 10%
29.6%
2021
21.7%
2020
Income share by poorest 10%
2.8%
2021
4.3%
2020
Government expenditure, % of GDP
26.4%
2024
71.3%
2024
Consumer prices inflation
2.86%
2023-2024
6.5%
2023-2024
Central bank interest rate n/a
15.5%
2025
Unemployment rate
1.97%
2022
9.83%
2021
Population
9990340
40125599

Spending and national debt comparison by year

Togo
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Togo Ukraine
Government spending Government debt Government spending Government debt
2024 26.4% 72.1% 71.3% 89.7%
2023 26.6% 68.6% 73.4% 81.2%
2022 26% 67% 65.4% 77.7%
2021 21.8% 64.9% 40.5% 48.9%
2020 23.7% 62.2% 45.6% 60.5%
2019 16.6% 54.9% 41.5% 50.5%
2018 18.8% 58% 41.9% 60.4%
2017 16.3% 57.1% 41.7% 71.6%
2016 22.9% 59.9% 40.8% 79.5%
2015 22.9% 52.4% 43% 79.3%
2014 21.9% 44.9% 44.8% 70.3%
2013 20.5% 41.1% 48.1% 40.5%
2012 19.1% 34.3% 49% 37.5%
2011 18.2% 37% 45.7% 36.9%
2010 15.1% 33.5% 49.2% 40.6%
2009 14.3% 57.6% 48.6% 35.4%
2008 12.4% 67.3% 47.1% 20.4%
2007 13.7% 70.5% 43.7% 12.3%
2006 14.7% 67.7% 44.6% 14.8%
2005 13.3% 63.1% 44.2% 17.7%
2004 10.6% 48.7% 41.6% 24.8%
2003 8.88% 50% 38.9% 29.4%
2002 8.42% 54.8% 37.9% 33.6%
2001 10.9% 68.5% 36.7% 36.7%
2000 11.9% 66.5% 35.5% 43.8%
1999 11.9% 59.9% 25.8% 59%
1998 12.8% 62.8% 37.1% 46.5%
1997 10.6% 54.4% 40.8% 28.9%
1996 12.4% 60.4% 36.9% 24.4%
1995 12.7% 64.8% 41.3% 30.2%
1994 13.2% 79% - -
1993 14.8% 58.3% - -
1992 12.6% 45% - -
1991 14.6% 46.9% - -
1990 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/togo/ukraine | CC BY

In 2024, Togo's government spending was $2.81B, accounting for 26.4% of its GDP, while Ukraine spent $136B, or 71.3% of GDP.

Debt-to-GDP ratio is 72.1% in Togo and 89.7% in Ukraine, ranking 54/185 and 33/185, respectively.

Government deficit by year

Deficit/surplus
Togo

Ukraine
1x
Year Deficit/surplus, % of GDP
Togo Ukraine
2024 -7.43% -17.2%
2023 -6.73% -19.3%
2022 -8.33% -15.6%
2021 -4.65% -3.97%
2020 -7.05% -5.92%
2019 1.67% -2.08%
2018 -0.59% -2.12%
2017 -0.21% -2.36%
2016 -7.02% -2.46%
2015 -7.04% -1.16%
2014 -7.11% -4.46%
2013 -5.08% -4.78%
2012 -4.63% -4.31%
2011 -4.48% -2.76%
2010 -1.66% -5.77%
2009 -2.63% -6.27%
2008 -0.59% -3.14%
2007 -1.83% -1.97%
2006 -1.94% -1.36%
2005 -1.67% -2.28%
2004 0.61% -4.41%
2003 1.43% -0.89%
2002 -0.28% -1.84%
2001 -0.72% -3.03%
2000 -3.45% -3.19%
1999 -1.76% 4.95%
1998 -3.25% -2.69%
1997 -0.98% -5.37%
1996 -3.26% -3.09%
1995 -2.97% -4.72%
1994 -5.37% -
1993 -8.46% -
1992 -2.27% -
1991 -3.52% -
1990 -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/togo/ukraine | CC BY

In 2024, Togo's government deficit, the difference between spending and revenue, was $791M, equivalent to 7.43% of GDP. This compares to Ukraine's deficit of $32.8B, or 17.2% of GDP.

Over the past 30 years, Togo recorded a fiscal deficit in 27 of those years, while Ukraine ran a deficit in 29 years. On average, Togo posted an annual deficit equal to 3.12% of GDP, compared to deficit of 4.45% of GDP for Ukraine.

Inflation comparison by year

Inflation
Togo

Ukraine
1x
Year Consumer prices inflation
Togo Ukraine
2024 2.86% 6.5%
2023 5.49% 12.9%
2022 7.97% 20.2%
2021 4.19% 9.4%
2020 1.7% 2.7%
2019 0.67% 7.9%
2018 0.93% 10.9%
2017 -0.98% 14.4%
2016 1.29% 13.9%
2015 2.59% 48.7%
2014 0.19% 12.1%
2013 1.83% -0.3%
2012 2.58% 0.6%
2011 3.56% 8%
2010 1.45% 9.4%
2009 3.71% 15.9%
2008 8.69% 25.2%
2007 0.95% 12.8%
2006 2.23% 9.1%
2005 6.78% 13.5%
2004 0.39% 9%
2003 -0.93% 5.2%
2002 3.06% 0.8%
2001 3.92% 12%
2000 1.86% 28.2%
1999 -0.05% 22.7%
1998 0.98% 10.6%
1997 8.25% 15.9%

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/togo/ukraine | CC BY

Over the past 28 years, Togo has recorded an average annual inflation rate of 2.72%, compared with 12.8% in Ukraine. In 2024, inflation was 2.86% in Togo and 6.5% in Ukraine.

Top exports between countries

Togo
Export category Export value
Processed food, beverages & tobacco $110K
Chemicals & pharma $1K
Ukraine
Export category Export value
Processed food, beverages & tobacco $11.6M
Textiles & consumer goods $3.72M
Raw agricultural goods $1.66M
Metals $1.37M
Animal & marine products $109K
Chemicals & pharma $39K
Raw materials & minerals $36K
Machinery & equipment $31K
Wood & paper products $3K
Weapons & explosives $1K

Balance of trade

Togo Ukraine
Current account balance
-$20.7M
2020
-$15.1B
2024
Current account balance ranking
79/190
2020
179/190
2024
Current account balance, % of GDP
-0.28%
2020
-7.94%
2024
Goods imports
$1.95B
2020
$72.3B
2024
Goods exports
$1.21B
2020
$39.3B
2024
Service imports
$438M
2020
$22.9B
2024
Service exports
$514M
2020
$17.3B
2024
Imports of goods and services, % of GDP
38.1%
2024
48.3%
2024
Exports of goods and services, % of GDP
24.4%
2024
29.4%
2024

Economic freedom indices

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

Togo Ukraine
Economic freedom 51.6 54.1
Economic freedom ranking 153/197 135/197
Property rights 43.6 21.6
Government integrity 33.3 35
Judicial effectiveness 34 28.2
Tax burden 68.9 83.7
Government spending 79.2 0
Fiscal health 9.6 3.9
Business freedom 60.1 57.4
Labor freedom 51.9 46.9
Monetary freedom 72.5 65.7
Trade freedom 65.8 73
Investment freedom 60 35
Financial freedom 40 30

Economic freedom comparison by year

Togo
Ukraine
1x
Year Economic freedom index
Togo Ukraine
2026 51.6 -
2025 52.3 -
2024 50.9 -
2023 55.3 -
2022 57.2 54.1
2021 57.5 56.2
2020 54.1 54.9
2019 50.3 52.3
2018 47.8 51.9
2017 53.2 48.1
2016 53.6 46.8
2015 53 46.9
2014 49.9 49.3
2013 48.8 46.3
2012 48.3 46.1
2011 49.1 45.8
2010 47.1 46.4
2009 48.7 48.8
2008 48.9 51
2007 49.7 51.5
2006 47.3 54.4
2005 48.2 55.8
2004 47 53.7
2003 46.8 51.1
2002 45.2 48.2
2001 45.3 48.5
2000 46.4 47.8
1999 48.2 43.7
1998 - 40.4
1997 - 43.5
1996 - 40.6
1995 - 39.9

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

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

The Economic Freedom Index for Togo is 51.6, ranking 153/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Togo Ukraine
Services, % of GDP
49.2%
2024
60.6%
2024
Industry, % of GDP
20.4%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
21.3%
2024
7.11%
2024
GNI, Atlas method
$10.3B
2024
$184B
2024
GNI per capita, PPP
$3,380
2024
$18,560
2024
Total reserves including gold n/a
$43.8B
2024
Total reserves ranking n/a
46/177
2024
Net foreign direct investment
-$53.1M
2020
-$3.71B
2024
Net inflows of foreign direct investment
$83.8M
2024
$4.02B
2024
Net outflows of foreign direct investment
-$73.4M
2024
$305M
2024
Servicing debt to the IMF, % of GNI
3.21%
2024
5.42%
2024
Poverty at national poverty lines
43.8%
2021
23.2%
2020
Gross capital formation, % of GDP
20.8%
2024
18.6%
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/togo/ukraine | 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 (1995–2026, 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 (2020–2024, 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.