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Economy of Togo vs Venezuela compared: GDP & Debt

Updated on by Georank

Togo has a GDP of $11.9B compared to $99.7B for Venezuela, ranking 152/197 and 78/197 by economy size, respectively.

Togo has $7.49B in government debt (63% of GDP), compared to $308B (309% of GDP) in Venezuela.

Togo vs Venezuela GDP by year

Togo
Venezuela
1x
Year GDP, current $
Togo Venezuela
2025 $11,889,949,067 $99,661,244,156
2024 $10,643,440,332 $120,566,112,397
2023 $9,723,300,577 $102,377,501,186
2022 $8,646,453,099 $89,013,251,021
2021 $8,541,668,141 $56,615,026,263
2020 $7,486,031,562 $42,837,965,907
2019 $6,992,942,459 $73,014,157,108
2018 $7,029,215,766 $101,987,075,929
2017 $6,387,424,240 $115,892,475,743
2016 $6,071,167,584 $112,948,035,495
2015 $5,755,457,836 $125,249,941,854
2014 $6,393,314,708 $214,838,755,022
2013 $6,021,729,630 $258,512,396,298
2012 $5,413,541,649 $371,846,610,182
2011 $5,422,439,152 $316,482,190,800
2010 $4,746,386,893 $393,192,354,511
2009 $4,721,888,275 $329,787,628,928
2008 $4,578,847,113 $315,953,388,511
2007 $3,759,962,853 $230,364,012,576
2006 $3,320,907,722 $183,477,522,124
2005 $3,221,910,408 $145,513,489,652
2004 $3,191,561,509 $112,451,400,425
2003 $2,987,984,051 $83,620,628,582
2002 $2,410,199,032 $92,893,587,734
2001 $2,093,498,674 $122,911,036,747
2000 $2,106,848,752 $117,146,466,003
1999 $2,226,577,204 $97,972,842,462
1998 $2,241,650,112 $91,336,763,255
1997 $2,116,818,623 $85,837,678,560
1996 $2,069,506,014 $70,543,211,119
1995 $1,849,110,468 $77,389,487,770
1994 $1,387,662,121 $58,418,666,667
1993 $1,741,944,426 $60,037,460,783
1992 $2,390,796,916 $60,416,519,620
1991 $2,262,767,860 $53,453,444,787
1990 $2,299,665,506 $48,606,952,195
1989 $1,910,635,575 $43,536,709,104
1988 $1,947,208,354 $60,226,413,793
1987 $1,763,978,066 $48,029,034,483
1986 $1,498,219,579 $60,516,123,711
1985 $1,076,604,520 $61,965,466,667
1984 $1,014,170,069 $59,867,743,468
1983 $1,081,387,265 $67,556,279,070
1982 $1,160,337,039 $67,736,744,186
1981 $1,359,026,709 $66,327,441,860
1980 $1,604,836,916 $59,116,511,628
1979 $1,259,365,712 $48,310,930,233
1978 $1,164,025,637 $39,316,279,070
1977 $1,097,893,826 $36,210,697,674
1976 $874,681,612 $31,419,534,884
1975 $871,781,687 $27,464,651,163
1974 $791,450,308 $26,100,930,233
1973 $574,030,984 $17,035,581,395
1972 $474,043,922 $13,977,727,273
1971 $404,648,368 $12,986,590,909
1970 $358,665,754 $11,561,111,111
1969 $378,091,810 $10,285,111,111
1968 $341,691,567 $10,034,444,444
1967 $327,215,844 $9,250,000,000
1966 $305,227,595 $8,781,333,333
1965 $264,505,506 $8,427,777,778
1964 $234,572,186 $8,192,413,793
1963 $202,305,865 $9,608,717,288
1962 $186,745,758 $8,814,309,884
1961 $178,497,098 $8,067,267,031
1960 $171,057,069 $7,663,938,303

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Togo vs Venezuela by year

Togo
GDP per capita

GDP per capita, PPP
Venezuela
GDP per capita

GDP per capita, PPP
1x
Year Current $
Togo Venezuela
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,384 - $3,495 -
2024 $1,266 $3,365 $4,244 -
2023 $1,182 $3,154 $3,617 -
2022 $1,072 $2,935 $3,155 -
2021 $1,076 $2,639 $2,005 -
2020 $961 $2,384 $1,506 -
2019 $918 $2,215 $2,523 -
2018 $942 $2,067 $3,422 -
2017 $872 $1,986 $3,792 -
2016 $843 $1,933 $3,671 -
2015 $814 $1,880 $4,097 -
2014 $922 $1,803 $7,101 -
2013 $886 $1,715 $8,642 -
2012 $814 $1,645 $12,582 -
2011 $834 $1,616 $10,844 $21,241
2010 $750 $1,537 $13,646 $20,236
2009 $770 $1,474 $11,597 $20,562
2008 $771 $1,429 $11,262 $21,402
2007 $654 $1,387 $8,332 $20,236
2006 $596 $1,407 $6,739 $18,399
2005 $595 $1,368 $5,432 $16,511
2004 $604 $1,427 $4,269 $14,757
2003 $580 $1,440 $3,230 $12,359
2002 $479 $1,357 $3,652 $13,375
2001 $427 $1,320 $4,920 $14,714
2000 $440 $1,315 $4,776 $14,174
1999 $477 $1,332 $4,071 $13,623
1998 $492 $1,318 $3,870 $14,568
1997 $477 $1,373 $3,711 $14,655
1996 $482 $1,218 $3,113 $13,824
1995 $450 $1,140 $3,487 $13,890
1994 $355 $1,082 $2,689 $13,370
1993 $448 $925 $2,825 $13,702
1992 $608 $1,057 $2,907 $13,652
1991 $592 $1,107 $2,633 $12,880
1990 $619 $1,110 $2,452 $11,628
1989 $530 - $2,250 -
1988 $556 - $3,191 -
1987 $519 - $2,611 -
1986 $455 - $3,376 -
1985 $337 - $3,549 -
1984 $327 - $3,520 -
1983 $357 - $4,079 -
1982 $392 - $4,202 -
1981 $472 - $4,228 -
1980 $575 - $3,874 -
1979 $464 - $3,257 -
1978 $440 - $2,727 -
1977 $425 - $2,585 -
1976 $347 - $2,309 -
1975 $354 - $2,078 -
1974 $329 - $2,034 -
1973 $244.8 - $1,367 -
1972 $207.6 - $1,155 -
1971 $182.3 - $1,106 -
1970 $166.9 - $1,015 -
1969 $185 - $932 -
1968 $174.9 - $938 -
1967 $171.1 - $893 -
1966 $162.9 - $876 -
1965 $144.1 - $869 -
1964 $130.4 - $874 -
1963 $114.6 - $1,060 -
1962 $107.8 - $1,007 -
1961 $104.8 - $954 -
1960 $102.2 - $939 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Togo's GDP per capita is $1,384, ranking 167/197, compared to $3,495 in Venezuela, ranking 138/197. Adjusted for purchasing power (GDP per capita PPP), Togo ranks 173rd at $3,365, while Venezuela ranks 93rd at $21,241.

Economic indicators

Togo Venezuela
Gross domestic product
$11.9B
2025
$99.7B
2025
GDP rank
152/197
2025
78/197
2025
GDP growth
6.31%
2024-2025
1.57%
2024-2025
GDP per capita
$1,384
2025
$3,495
2025
GDP per capita rank
167/197
2025
138/197
2025
GDP per capita, PPP
$3,365
2024
$21,241
2011
GDP per capita PPP rank
173/197
2024
93/197
2011
Government debt
$7.49B
2025
$308B
2025
Debt-to-GDP ratio
63%
2025
309%
2025
Government debt per person
$872
2025
$10,790
2025
Government debt per person rank
148/185
2025
58/185
2025
Average annual personal income after taxes
$1,719
2026
$2,659
2026
Market capitalization of domestic companies n/a
$3.98B
2002
Number of billionaires n/a
1
2026
Income share by richest 10%
29.6%
2021
33.2%
2006
Income share by poorest 10%
2.8%
2021
1.2%
2006
Government expenditure, % of GDP
19.8%
2025
20.3%
2025
Consumer prices inflation
0.43%
2024-2025
252%
2024-2025
Central bank interest rate n/a
58.9%
2026
Unemployment rate
1.97%
2022
7.53%
2020
Population
8873660
28692435

Spending and national debt comparison by year

Togo
Spending

Debt
Venezuela
Spending

Debt
1x
Year % of GDP
Togo Venezuela
Government spending Government debt Government spending Government debt
2025 19.8% 63% 20.3% 309%
2024 24.3% 66.2% 17.5% 169.1%
2023 24.8% 64.1% 13.1% 138.5%
2022 24.4% 63% 15.1% 164.4%
2021 21.3% 63.3% 13.1% 254.2%
2020 23.4% 61.4% 11.2% 337%
2019 16.6% 54.9% 21% 206%
2018 18.8% 58% 37.9% 175.3%
2017 16.3% 57.1% 21.8% 133.6%
2016 22.9% 59.9% 19.7% 138.4%
2015 22.9% 52.4% 22.9% 129.8%
2014 21.9% 44.9% 31.6% 84.9%
2013 20.5% 41.1% 36.5% 85.4%
2012 19.1% 34.3% 38% 58.4%
2011 18.2% 37% 39.4% 52.5%
2010 15.1% 33.5% 31.1% 37.7%
2009 14.3% 57.6% 33.3% 27.6%
2008 12.4% 67.3% 34.9% 20.3%
2007 13.7% 70.5% 35.9% 26.4%
2006 14.7% 67.7% 39.3% 25.7%
2005 13.3% 63.1% 33.5% 34.9%
2004 10.6% 48.7% 31.9% 41.8%
2003 8.88% 50% 32.2% 56%
2002 8.42% 54.8% 31% 48.2%
2001 10.9% 68.5% 31.9% 30.7%
2000 11.9% 66.5% 28.3% 27.7%
1999 11.9% 59.9% 26.1% 29.6%
1998 12.8% 62.8% 28.8% 30.7%
1997 10.6% 54.4% 31% 34.8%
1996 12.4% 60.4% 27.7% 45.9%
1995 12.7% 64.8% 32.9% 45.9%
1994 13.2% 79% 42.2% 63.9%
1993 14.8% 58.3% 27.7% 57.7%
1992 12.6% 45% 30.6% 54.8%
1991 14.6% 46.9% 33.9% 62.2%
1990 16.8% 44.7% 31.9% 63.3%
1989 16.9% 46.3% 32.5% 61.8%
1988 - - 33.2% 46.3%
1987 - - 25.1% 58.3%
1986 - - 21.5% 45.9%
1985 - - 20.3% 34.1%
1984 - - 19.7% 36.4%
1983 - - 25.3% 21.4%
1982 - - 29% 18.6%
1981 - - 29.6% 18.9%
1980 - - 22% 16.6%
1979 - - 22.3% 19.2%
1978 - - 29.2% 16.6%
1977 - - 30.6% 12.7%
1976 - - 26.6% 9.64%
1975 - - 33.8% 8.31%
1974 - - 35.3% 7.72%
1973 - - 20% 9.78%
1972 - - 21.3% 10.6%
1971 - - 19.6% 9.64%
1970 - - 19.5% 10.6%
1969 - - 21% 9.91%
1968 - - 19.8% 7.84%
1967 - - 19.8% 6.74%
1966 - - 19.1% 5.84%
1965 - - 18.7% 5.46%
1964 - - 17.9% 4.95%
1963 - - 18.7% 6.3%
1962 - - 17.6% 7.24%
1961 - - 11.8% 8.79%
1960 - - 23.7% 8.28%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2004, retrieved 2026-07-08).

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

In 2025, Togo's government spending was $2.36B, accounting for 19.8% of its GDP, while Venezuela spent $20.2B, or 20.3% of GDP.

Debt-to-GDP ratio is 63% in Togo and 309% in Venezuela, ranking 69/185 and 1/185, respectively.

Government deficit by year

Deficit/surplus
Togo

Venezuela
1x
Year Deficit/surplus, % of GDP
Togo Venezuela
2025 -3.23% -5.84%
2024 -6.82% -3.67%
2023 -6.28% -1.25%
2022 -7.83% -5.29%
2021 -4.54% -5.85%
2020 -6.96% -6.63%
2019 1.67% -10.9%
2018 -0.59% -31%
2017 -0.21% -13.3%
2016 -7.02% -8.46%
2015 -7.04% -8.06%
2014 -7.11% -9.81%
2013 -5.08% -10.4%
2012 -4.63% -9.86%
2011 -4.48% -8.24%
2010 -1.66% -4.74%
2009 -2.63% -8.69%
2008 -0.59% -3.46%
2007 -1.83% -2.82%
2006 -1.94% -1.6%
2005 -1.67% 4.09%
2004 0.61% 2.47%
2003 1.43% 0.17%
2002 -0.28% -1.48%
2001 -0.72% -4.59%
2000 -3.45% 4.45%
1999 -1.76% 0.74%
1998 -3.25% -4.49%
1997 -0.98% 2.58%
1996 -3.26% 7.94%
1995 -2.97% -5.86%
1994 -5.37% -11.2%
1993 -8.46% -2.92%
1992 -2.27% -6.37%
1991 -3.52% -2.28%
1990 -1.65% 3.84%
1989 -2.18% -0.91%
1988 - -9.24%
1987 - -7.47%
1986 - 0.82%
1985 - 6.97%
1984 - 5.33%
1983 - 1.24%
1982 - -0.17%
1981 - 4.74%
1980 - 4.41%
1979 - -3.07%
1978 - -5.44%
1977 - -4.69%
1976 - 1.65%
1975 - 0.88%
1974 - 2.76%
1973 - 1.98%
1972 - 0.42%
1971 - 0.78%
1970 - -1.22%
1969 - -2.17%
1968 - -0.32%
1967 - 0.51%
1966 - 0.23%
1965 - 0.39%
1964 - 1.91%
1963 - 1.92%
1962 - 2.14%
1961 - -1.91%
1960 - -4.08%
1959 - -4.98%
1958 - -4.86%
1957 - 6.7%
1956 - 0.76%
1955 - 0.38%
1954 - 1.84%
1953 - 0.03%
1952 - -0.5%
1951 - -0.24%
1950 - -0.23%
1949 - 0.15%
1948 - 1.27%
1947 - 0.09%
1946 - -0.9%
1945 - 2.9%
1944 - 1.85%
1943 - -0.27%
1942 - 0.2%
1941 - 0.01%
1940 - -1.07%
1939 - -0.78%
1938 - 0.68%
1937 - 0.73%
1936 - -0.52%
1935 - -2.23%
1934 - 1.34%
1933 - 1.03%
1932 - 0.51%
1931 - 1.02%
1930 - -2.03%
1929 - -0.34%
1928 - -0.68%
1927 - 1.55%
1926 - 0.14%
1925 - 0.54%
1924 - 0.37%
1923 - 1.32%
1922 - 1.57%
1921 - -0.97%
1920 - -1.75%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1920–1989, retrieved 2026-07-08).

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

In 2025, Togo's government deficit, the difference between spending and revenue, was $384M, equivalent to 3.23% of GDP. This compares to Venezuela's deficit of $5.82B, or 5.84% of GDP.

Over the past 37 years, Togo recorded a fiscal deficit in 34 of those years, while Venezuela ran a deficit in 29 years. On average, Togo posted an annual deficit equal to 3.2% of GDP, compared to deficit of 4.69% of GDP for Venezuela.

Inflation comparison by year

Inflation
Togo

Venezuela
1x
Year Consumer prices inflation
Togo Venezuela
2025 0.43% 252%
2024 2.86% 49.4%
2023 5.49% 338%
2022 7.97% 186.5%
2021 4.19% 1,589%
2020 1.7% 2,355%
2019 0.67% 19,906%
2018 0.93% 65,374%
2017 -0.98% 438%
2016 1.29% 254.9%
2015 2.59% 121.7%
2014 0.19% 62.2%
2013 1.83% 40.6%
2012 2.58% 21.1%
2011 3.56% 26.1%
2010 1.45% 28.2%
2009 3.71% 26%
2008 8.69% 31.4%
2007 0.95% 18.7%
2006 2.23% 13.7%
2005 6.78% 16%
2004 0.39% 21.7%
2003 -0.93% 31.1%
2002 3.06% 22.4%
2001 3.92% 12.5%
2000 1.86% 16.2%
1999 -0.05% 23.6%
1998 0.98% 35.8%
1997 8.25% 50%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Togo has recorded an average annual inflation rate of 2.64%, compared with 3,150% in Venezuela. In 2025, inflation was 0.43% in Togo and 252% in Venezuela.

Balance of trade

Togo Venezuela
Current account balance
-$20.7M
2020
-$3.87B
2016
Current account balance ranking
72/190
2020
155/190
2016
Current account balance, % of GDP
-0.28%
2020
-3.43%
2016
Goods imports
$1.95B
2020
$16.3B
2016
Goods exports
$1.21B
2020
$27.4B
2016
Service imports
$438M
2020
$9.47B
2016
Service exports
$514M
2020
$1.28B
2016
Imports of goods and services, % of GDP
38.1%
2024
10.1%
2025
Exports of goods and services, % of GDP
24.4%
2024
14.9%
2025

Economic freedom indices

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

Togo Venezuela
Economic freedom 51.6 27.3
Economic freedom ranking 153/197 194/197
Property rights 43.6 0
Government integrity 33.3 6.9
Judicial effectiveness 34 5.1
Tax burden 68.9 73.4
Government spending 79.2 93
Fiscal health 9.6 29.1
Business freedom 60.1 31.1
Labor freedom 51.9 35.5
Monetary freedom 72.5 0
Trade freedom 65.8 43.2
Investment freedom 60 0
Financial freedom 40 10

Economic freedom comparison by year

Togo
Venezuela
1x
Year Economic freedom index
Togo Venezuela
2026 51.6 27.3
2025 52.3 27.6
2024 50.9 28.1
2023 55.3 25.8
2022 57.2 24.8
2021 57.5 24.7
2020 54.1 25.2
2019 50.3 25.9
2018 47.8 25.2
2017 53.2 27
2016 53.6 33.7
2015 53 34.3
2014 49.9 36.3
2013 48.8 36.1
2012 48.3 38.1
2011 49.1 37.6
2010 47.1 37.1
2009 48.7 39.9
2008 48.9 44.7
2007 49.7 47.9
2006 47.3 44.6
2005 48.2 45.2
2004 47 46.7
2003 46.8 54.8
2002 45.2 54.7
2001 45.3 54.6
2000 46.4 57.4
1999 48.2 56.1
1998 - 54
1997 - 52.8
1996 - 54.5
1995 - 59.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Togo is 51.6, ranking 153/197, compared to 27.3 for Venezuela, ranking 194/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Togo Venezuela
Services, % of GDP
61.7%
2025
51.7%
2014
Industry, % of GDP
21%
2025
37.2%
2014
Agriculture, forestry, and fishing, % of GDP
20.3%
2025
5.03%
2014
GNI, Atlas method
$11.6B
2025
$110B
2025
GNI per capita, PPP
$4,090
2025
$20,840
2011
Total reserves including gold n/a
$9.79B
2017
Total reserves ranking n/a
80/177
2017
Net foreign direct investment
-$53.1M
2020
-$27M
2016
Net inflows of foreign direct investment
$83.8M
2024
$1.63B
2024
Net outflows of foreign direct investment
-$73.4M
2024
$2.6B
2024
Servicing debt to the IMF, % of GNI
3.22%
2024
n/a
Poverty at national poverty lines
43.8%
2021
33.1%
2015
Gross capital formation, % of GDP
20.8%
2024
5.93%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1920–2004, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.