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Economy of Togo vs Uruguay compared: GDP & Debt

Updated on by Georank team

Togo has a GDP of $10.7B compared to $81B for Uruguay, ranking 154/197 and 81/197 by economy size, respectively.

Togo has $7.68B in government debt (72.1% of GDP), compared to $55.6B (68.7% of GDP) in Uruguay.

Togo vs Uruguay GDP by year

Togo
Uruguay
1x
Year GDP, current $
Togo Uruguay
2024 $10,651,180,147 $80,961,511,074
2023 $9,816,236,303 $77,991,666,838
2022 $8,646,453,099 $70,594,110,920
2021 $8,541,668,141 $60,739,084,241
2020 $7,486,031,562 $53,559,359,262
2019 $6,992,654,019 $62,222,313,619
2018 $7,029,215,766 $65,344,577,416
2017 $6,387,424,240 $65,005,997,963
2016 $6,071,167,584 $57,480,787,465
2015 $5,755,457,836 $57,680,327,999
2014 $6,393,314,708 $61,496,186,974
2013 $6,021,729,630 $61,337,621,934
2012 $5,413,541,649 $54,232,266,359
2011 $5,422,439,152 $50,342,406,067
2010 $4,746,386,893 $41,950,361,212
2009 $4,721,888,275 $32,708,319,078
2008 $4,578,847,113 $31,119,602,539
2007 $3,759,962,853 $23,797,773,024
2006 $3,320,907,722 $19,741,420,740
2005 $3,221,910,408 $17,362,857,684
2004 $3,191,561,509 $13,686,329,890
2003 $2,987,984,051 $12,045,638,352
2002 $2,410,199,032 $13,606,515,723
2001 $2,093,498,674 $20,898,761,742
2000 $2,106,848,752 $22,823,270,892
1999 $2,226,577,204 $23,983,945,191
1998 $2,241,650,112 $25,385,886,978
1997 $2,116,818,623 $23,969,739,234
1996 $2,069,506,014 $20,515,458,114
1995 $1,849,110,468 $19,297,663,097
1994 $1,387,662,121 $17,474,588,896
1993 $1,741,944,426 $15,002,136,971
1992 $2,390,796,916 $12,878,148,791
1991 $2,262,767,860 $11,206,176,651
1990 $2,299,665,506 $9,298,807,850
1989 $1,910,635,575 $8,438,951,476
1988 $1,947,208,354 $8,213,538,369
1987 $1,763,978,066 $7,367,494,080
1986 $1,498,219,579 $5,880,112,788
1985 $1,076,604,520 $4,732,017,873
1984 $1,014,170,069 $4,850,238,550
1983 $1,081,387,265 $5,102,276,308
1982 $1,160,337,039 $9,178,780,077
1981 $1,359,026,709 $11,048,301,421
1980 $1,604,836,916 $10,163,020,116
1979 $1,259,365,712 $7,181,182,224
1978 $1,164,025,637 $4,910,254,566
1977 $1,097,893,826 $4,114,670,014
1976 $874,681,612 $3,667,161,241
1975 $871,781,687 $3,538,278,047
1974 $791,450,308 $4,090,209,682
1973 $574,030,984 $3,964,296,443
1972 $474,043,922 $2,189,418,689
1971 $404,648,368 $2,807,258,065
1970 $358,665,754 $2,137,096,774
1969 $378,091,810 $2,004,435,484
1968 $341,691,567 $1,593,674,185
1967 $327,215,844 $1,597,713,469
1966 $305,227,595 $1,809,185,094
1965 $264,505,506 $1,890,767,156
1964 $234,572,186 $1,975,701,816
1963 $202,305,865 $1,539,681,491
1962 $186,745,758 $1,710,004,407
1961 $178,497,098 $1,547,388,781
1960 $171,057,069 $1,242,289,239

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

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

GDP per capita in Togo vs Uruguay by year

Togo
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Togo Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,119 $3,365 $23,907 $36,418
2023 $1,055 $3,154 $23,019 $34,471
2022 $951 $2,935 $20,819 $33,001
2021 $962 $2,639 $17,882 $29,432
2020 $863 $2,384 $15,758 $25,725
2019 $826 $2,215 $18,316 $25,783
2018 $851 $2,067 $19,250 $24,386
2017 $793 $1,986 $19,185 $23,607
2016 $773 $1,933 $17,010 $22,841
2015 $751 $1,880 $17,126 $22,169
2014 $856 $1,803 $18,322 $21,868
2013 $827 $1,715 $18,335 $20,661
2012 $762 $1,645 $16,260 $19,495
2011 $784 $1,616 $15,132 $19,135
2010 $705 $1,537 $12,641 $17,873
2009 $721 $1,474 $9,881 $16,422
2008 $719 $1,429 $9,424 $15,694
2007 $608 $1,387 $7,222 $14,397
2006 $553 $1,407 $6,001 $13,179
2005 $551 $1,368 $5,284 $12,296
2004 $560 $1,427 $4,169 $11,103
2003 $538 $1,440 $3,671 $10,303
2002 $445 $1,357 $4,150 $10,030
2001 $397 $1,320 $6,383 $10,719
2000 $410 $1,315 $6,988 $10,929
1999 $445 $1,332 $7,371 $10,938
1998 $461 $1,318 $7,837 $11,002
1997 $448 $1,373 $7,436 $10,461
1996 $452 $1,218 $6,398 $9,524
1995 $419 $1,140 $6,050 $8,906
1994 $329 $1,082 $5,508 $8,897
1993 $414 $925 $4,753 $8,162
1992 $565 $1,057 $4,102 $7,808
1991 $550 $1,107 $3,589 $7,112
1990 $575 $1,110 $2,995 $6,683
1989 $492 - $2,734 -
1988 $517 - $2,677 -
1987 $482 - $2,416 -
1986 $422 - $1,939 -
1985 $313 - $1,568 -
1984 $304 - $1,615 -
1983 $336 - $1,707 -
1982 $372 - $3,085 -
1981 $451 - $3,728 -
1980 $549 - $3,443 -
1979 $443 - $2,443 -
1978 $421 - $1,678 -
1977 $406 - $1,414 -
1976 $332 - $1,268 -
1975 $339 - $1,232 -
1974 $315 - $1,433 -
1973 $234.4 - $1,397 -
1972 $198.8 - $776 -
1971 $174.6 - $1,000 -
1970 $159.8 - $766 -
1969 $174.7 - $723 -
1968 $164.3 - $579 -
1967 $163.9 - $585 -
1966 $159.1 - $668 -
1965 $142.7 - $705 -
1964 $130.1 - $745 -
1963 $114.6 - $587 -
1962 $107.8 - $659 -
1961 $104.8 - $604 -
1960 $102.2 - $491 -

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

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

Togo's GDP per capita is $1,119, ranking 172/197, compared to $23,907 in Uruguay, ranking 52/197. Adjusted for purchasing power (GDP per capita PPP), Togo ranks 173rd at $3,365, while Uruguay ranks 61st at $36,418.

Economic indicators

Togo Uruguay
Gross domestic product
$10.7B
2024
$81B
2024
GDP rank
154/197
2024
81/197
2024
GDP growth
6.53%
2023-2024
3.11%
2023-2024
GDP per capita
$1,119
2024
$23,907
2024
GDP per capita rank
172/197
2024
52/197
2024
GDP per capita, PPP
$3,365
2024
$36,418
2024
GDP per capita PPP rank
173/197
2024
61/197
2024
Government debt
$7.68B
2024
$55.6B
2024
Debt-to-GDP ratio
72.1%
2024
68.7%
2024
Government debt per person
$807
2024
$16,421
2024
Government debt per person rank
149/185
2024
38/185
2024
Average annual personal income after taxes
$1,661
2026
$12,433
2026
Market capitalization of domestic companies n/a
$284M
1996
Income share by richest 10%
29.6%
2021
30%
2024
Income share by poorest 10%
2.8%
2021
2.2%
2024
Government expenditure, % of GDP
26.4%
2024
31.1%
2024
Consumer prices inflation
2.86%
2023-2024
4.85%
2023-2024
Central bank interest rate n/a
8.25%
2025
Unemployment rate
1.97%
2022
8.21%
2024
Population
9990340
3382789

Spending and national debt comparison by year

Togo
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Togo Uruguay
Government spending Government debt Government spending Government debt
2024 26.4% 72.1% 31.1% 68.7%
2023 26.6% 68.6% 30.5% 64%
2022 26% 67% 30% 59.9%
2021 21.8% 64.9% 30.2% 64.1%
2020 23.7% 62.2% 32.8% 68.2%
2019 16.6% 54.9% 30.6% 59.6%
2018 18.8% 58% 30.3% 57.9%
2017 16.3% 57.1% 29.7% 55.8%
2016 22.9% 59.9% 29.7% 56.4%
2015 22.9% 52.4% 28.4% 57.8%
2014 21.9% 44.9% 29.1% 51.1%
2013 20.5% 41.1% 28.8% 50%
2012 19.1% 34.3% 27.7% 49.8%
2011 18.2% 37% 26.3% 41.3%
2010 15.1% 33.5% 27.4% 40.9%
2009 14.3% 57.6% 27.2% 46.2%
2008 12.4% 67.3% 26.3% 46.2%
2007 13.7% 70.5% 26.8% 52.8%
2006 14.7% 67.7% 26.8% 61.1%
2005 13.3% 63.1% 26.3% 66.2%
2004 10.6% 48.7% 26.6% 73.7%
2003 8.88% 50% 27.7% 91.9%
2002 8.42% 54.8% 27.6% 90.1%
2001 10.9% 68.5% 27.8% 39.4%
2000 11.9% 66.5% 26.6% 30.5%
1999 11.9% 59.9% 27.2% 24.1%
1998 12.8% 62.8% 27.3% 19.4%
1997 10.6% 54.4% 27.6% 18.8%
1996 12.4% 60.4% 26.5% 18.3%
1995 12.7% 64.8% 26.2% 18.5%
1994 13.2% 79% 29.5% 19.3%
1993 14.8% 58.3% 27.7% 20%
1992 12.6% 45% 23.6% 22.2%
1991 14.6% 46.9% 22.2% 20.4%
1990 16.8% 44.7% 21.1% 26.2%
1989 16.9% 46.3% 37% -
1988 - - 26% 34.8%
1987 - - 24.4% 37.3%
1986 - - 25.1% 34.6%
1985 - - 24.6% 29%
1984 - - 25.6% 39.5%
1983 - - 26.5% 21.2%
1982 - - 29.5% 13.5%
1981 - - 25% 4.32%
1980 - - 21.8% 4.59%
1979 - - 20.2% 3.98%
1978 - - 22.9% 5.64%
1977 - - 23.5% 7.26%
1976 - - 24.2% 8.67%
1975 - - 23% 8.13%
1974 - - 23.8% 7.61%
1973 - - 22.6% 7%
1972 - - 24.6% 9.12%
1971 - - 20.1% 9.3%
1970 - - 15.1% 6.11%
1969 - - 14.6% -
1968 - - 14.1% -
1967 - - 14.7% -
1966 - - 14.1% -
1965 - - 15.6% -
1964 - - 14.3% -
1963 - - 14.6% -
1962 - - 16% -
1961 - - 13% -
1960 - - 9.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2004, retrieved 2026-02-20).

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

In 2024, Togo's government spending was $2.81B, accounting for 26.4% of its GDP, while Uruguay spent $25.2B, or 31.1% of GDP.

Debt-to-GDP ratio is 72.1% in Togo and 68.7% in Uruguay, ranking 54/185 and 59/185, respectively.

Government deficit by year

Deficit/surplus
Togo

Uruguay
1x
Year Deficit/surplus, % of GDP
Togo Uruguay
2024 -7.43% -3.22%
2023 -6.73% -3.13%
2022 -8.33% -2.52%
2021 -4.65% -2.61%
2020 -7.05% -4.64%
2019 1.67% -2.71%
2018 -0.59% -1.89%
2017 -0.21% -2.51%
2016 -7.02% -2.68%
2015 -7.04% -1.86%
2014 -7.11% -2.6%
2013 -5.08% -1.72%
2012 -4.63% -2.17%
2011 -4.48% -0.33%
2010 -1.66% -0.39%
2009 -2.63% -1.39%
2008 -0.59% -1.31%
2007 -1.83% -0.16%
2006 -1.94% -0.64%
2005 -1.67% -0.28%
2004 0.61% -0.87%
2003 1.43% -2.19%
2002 -0.28% -3.19%
2001 -0.72% -2.85%
2000 -3.45% -2.76%
1999 -1.76% -2.76%
1998 -3.25% -0.76%
1997 -0.98% -0.97%
1996 -3.26% -1.32%
1995 -2.97% -1.08%
1994 -5.37% -2.37%
1993 -8.46% -0.47%
1992 -2.27% 0.6%
1991 -3.52% 0.88%
1990 -1.65% 0.49%
1989 -2.18% -13.1%
1988 - -1.47%
1987 - -0.66%
1986 - -0.34%
1985 - -1.88%
1984 - -4.94%
1983 - -3.54%
1982 - -8.22%
1981 - -1.15%
1980 - 0.43%
1979 - 0.99%
1978 - -0.47%
1977 - -0.69%
1976 - -2.01%
1975 - -4.38%
1974 - -3.74%
1973 - -1.09%
1972 - -2.25%
1971 - -5.86%
1970 - -1.33%
1969 - -2.37%
1968 - -2.93%
1967 - -4.12%
1966 - -2.01%
1965 - -5.14%
1964 - -3.61%
1963 - -4.4%
1962 - -5.02%
1961 - -0.86%
1960 - 0.79%
1959 - 0.64%
1958 - -1.38%
1957 - -0.72%
1956 - 0.04%
1955 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-02-20).

GeoRank.org/economy/togo/uruguay | 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 Uruguay's deficit of $2.6B, or 3.22% of GDP.

Over the past 36 years, Togo recorded a fiscal deficit in 33 of those years, while Uruguay ran a deficit in 33 years. On average, Togo posted an annual deficit equal to 3.25% of GDP, compared to deficit of 1.99% of GDP for Uruguay.

Inflation comparison by year

Inflation
Togo

Uruguay
1x
Year Consumer prices inflation
Togo Uruguay
2024 2.86% 4.85%
2023 5.49% 5.87%
2022 7.97% 9.1%
2021 4.19% 7.75%
2020 1.7% 9.76%
2019 0.67% 7.88%
2018 0.93% 7.61%
2017 -0.98% 6.22%
2016 1.29% 9.64%
2015 2.59% 8.67%
2014 0.19% 8.88%
2013 1.83% 8.58%
2012 2.58% 8.1%
2011 3.56% 8.09%
2010 1.45% 6.7%
2009 3.71% 7.06%
2008 8.69% 7.88%
2007 0.95% 8.11%
2006 2.23% 6.4%
2005 6.78% 4.7%
2004 0.39% 9.16%
2003 -0.93% 19.4%
2002 3.06% 14%
2001 3.92% 4.36%
2000 1.86% 4.76%
1999 -0.05% 5.66%
1998 0.98% 10.8%
1997 8.25% 19.8%

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

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

Over the past 28 years, Togo has recorded an average annual inflation rate of 2.72%, compared with 8.56% in Uruguay. In 2024, inflation was 2.86% in Togo and 4.85% in Uruguay.

Top exports between countries

Togo
Export category Export value
Textiles & consumer goods $5K
Uruguay
Export category Export value
Animal & marine products $577K
Processed food, beverages & tobacco $156K

Balance of trade

Togo Uruguay
Current account balance
-$20.7M
2020
-$633M
2024
Current account balance ranking
79/190
2020
111/190
2024
Current account balance, % of GDP
-0.28%
2020
-0.78%
2024
Goods imports
$1.95B
2020
$13B
2024
Goods exports
$1.21B
2020
$16.3B
2024
Service imports
$438M
2020
$6.22B
2024
Service exports
$514M
2020
$7.1B
2024
Imports of goods and services, % of GDP
38.1%
2024
23.7%
2024
Exports of goods and services, % of GDP
24.4%
2024
28.8%
2024

Economic freedom indices

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

Togo Uruguay
Economic freedom 51.6 69.8
Economic freedom ranking 153/197 39/197
Property rights 43.6 87.4
Government integrity 33.3 79
Judicial effectiveness 34 80.9
Tax burden 68.9 73.3
Government spending 79.2 72
Fiscal health 9.6 76.6
Business freedom 60.1 83.8
Labor freedom 51.9 61.7
Monetary freedom 72.5 70.2
Trade freedom 65.8 73.2
Investment freedom 60 50
Financial freedom 40 30

Economic freedom comparison by year

Togo
Uruguay
1x
Year Economic freedom index
Togo Uruguay
2026 51.6 69.8
2025 52.3 70.2
2024 50.9 69.8
2023 55.3 70.2
2022 57.2 70
2021 57.5 69.3
2020 54.1 69.1
2019 50.3 68.6
2018 47.8 69.2
2017 53.2 69.7
2016 53.6 68.8
2015 53 68.6
2014 49.9 69.3
2013 48.8 69.7
2012 48.3 69.9
2011 49.1 70
2010 47.1 69.8
2009 48.7 69.1
2008 48.9 67.9
2007 49.7 68.4
2006 47.3 65.3
2005 48.2 66.9
2004 47 66.7
2003 46.8 69.8
2002 45.2 68.7
2001 45.3 70.7
2000 46.4 69.3
1999 48.2 68.5
1998 - 68.6
1997 - 67.5
1996 - 63.7
1995 - 62.5

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

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

The Economic Freedom Index for Togo is 51.6, ranking 153/197, compared to 69.8 for Uruguay, ranking 39/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Togo Uruguay
Services, % of GDP
49.2%
2024
65.3%
2024
Industry, % of GDP
20.4%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
21.3%
2024
6.42%
2024
GNI, Atlas method
$10.3B
2024
$73.3B
2024
GNI per capita, PPP
$3,380
2024
$34,170
2024
Total reserves including gold n/a
$17.4B
2024
Total reserves ranking n/a
66/177
2024
Net foreign direct investment
-$53.1M
2020
$2.58B
2024
Net inflows of foreign direct investment
$83.8M
2024
-$3.94B
2024
Net outflows of foreign direct investment
-$73.4M
2024
-$1.37B
2024
Servicing debt to the IMF, % of GNI
3.21%
2024
n/a
Poverty at national poverty lines
43.8%
2021
17.3%
2024
Gross capital formation, % of GDP
20.8%
2024
15.6%
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/uruguay | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1955–2004, 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.