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Economy of Togo vs Yemen compared: GDP & Debt

Updated on by Georank team

Togo has a GDP of $10.7B compared to $21.6B for Yemen, ranking 154/197 and 125/197 by economy size, respectively.

Togo has $7.68B in government debt (72.1% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Togo vs Yemen GDP by year

Togo
Yemen
1x
Year GDP, current $
Togo Yemen
2024 $10,651,180,147 -
2023 $9,816,236,303 -
2022 $8,646,453,099 -
2021 $8,541,668,141 -
2020 $7,486,031,562 -
2019 $6,992,654,019 -
2018 $7,029,215,766 $21,606,160,663
2017 $6,387,424,240 $26,842,229,045
2016 $6,071,167,584 $31,317,825,274
2015 $5,755,457,836 $42,444,490,074
2014 $6,393,314,708 $43,228,585,321
2013 $6,021,729,630 $40,415,233,436
2012 $5,413,541,649 $35,401,331,610
2011 $5,422,439,152 $32,726,417,878
2010 $4,746,386,893 $30,906,749,533
2009 $4,721,888,275 $25,130,278,213
2008 $4,578,847,113 $26,910,855,807
2007 $3,759,962,853 $21,650,528,674
2006 $3,320,907,722 $19,063,143,370
2005 $3,221,910,408 $16,731,566,717
2004 $3,191,561,509 $13,867,634,371
2003 $2,987,984,051 $11,777,532,662
2002 $2,410,199,032 $10,693,430,511
2001 $2,093,498,674 $9,852,990,693
2000 $2,106,848,752 $9,679,316,770
1999 $2,226,577,204 $7,639,325,296
1998 $2,241,650,112 $6,322,175,566
1997 $2,116,818,623 $6,838,298,531
1996 $2,069,506,014 $6,496,163,616
1995 $1,849,110,468 $12,796,345,679
1994 $1,387,662,121 $28,019,483,764
1993 $1,741,944,426 $21,736,802,664
1992 $2,390,796,916 $17,959,367,194
1991 $2,262,767,860 $14,665,445,462
1990 $2,299,665,506 $12,643,821,569
1989 $1,910,635,575 -
1988 $1,947,208,354 -
1987 $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/togo/yemen | CC BY

GDP per capita in Togo vs Yemen by year

Togo
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Togo Yemen
GDP per capita GDP per capita, PPP 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 $634 -
2017 $793 $1,986 $811 -
2016 $773 $1,933 $975 -
2015 $751 $1,880 $1,362 -
2014 $856 $1,803 $1,430 -
2013 $827 $1,715 $1,379 $3,164
2012 $762 $1,645 $1,245 $3,005
2011 $784 $1,616 $1,186 $3,113
2010 $705 $1,537 $1,155 $3,603
2009 $721 $1,474 $969 $3,411
2008 $719 $1,429 $1,072 $3,370
2007 $608 $1,387 $890 $3,294
2006 $553 $1,407 $810 $3,205
2005 $551 $1,368 $734 $3,113
2004 $560 $1,427 $628 $2,949
2003 $538 $1,440 $549 $2,844
2002 $445 $1,357 $513 $2,768
2001 $397 $1,320 $487 $2,702
2000 $410 $1,315 $493 $2,624
1999 $445 $1,332 $401 $2,492
1998 $461 $1,318 $343 $2,442
1997 $448 $1,373 $383 $2,351
1996 $452 $1,218 $375 $2,268
1995 $419 $1,140 $764 $2,201
1994 $329 $1,082 $1,735 $2,115
1993 $414 $925 $1,397 $2,013
1992 $565 $1,057 $1,198 $1,963
1991 $550 $1,107 $1,016 $1,843
1990 $575 $1,110 $910 $1,742
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/yemen | CC BY

Togo's GDP per capita is $1,119, ranking 172/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Togo ranks 173rd at $3,365, while Yemen ranks 178th at $3,164.

Economic indicators

Togo Yemen
Gross domestic product
$10.7B
2024
$21.6B
2018
GDP rank
154/197
2024
125/197
2018
GDP growth
6.53%
2023-2024
0.75%
2017-2018
GDP per capita
$1,119
2024
$634
2018
GDP per capita rank
172/197
2024
191/197
2018
GDP per capita, PPP
$3,365
2024
$3,164
2013
GDP per capita PPP rank
173/197
2024
178/197
2013
Government debt
$7.68B
2024
$18.8B
2018
Debt-to-GDP ratio
72.1%
2024
70.9%
2024
Government debt per person
$807
2024
$551
2018
Government debt per person rank
149/185
2024
165/185
2018
Average annual personal income after taxes
$1,661
2026
$1,127
2026
Income share by richest 10%
29.6%
2021
29.4%
2014
Income share by poorest 10%
2.8%
2021
3%
2014
Government expenditure, % of GDP
26.4%
2024
8.91%
2024
Consumer prices inflation
2.86%
2023-2024
33.9%
2023-2024
Unemployment rate
1.97%
2022
13.5%
2014
Population
9990340
43325643

Spending and national debt comparison by year

Togo
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Togo Yemen
Government spending Government debt Government spending Government debt
2024 26.4% 72.1% 8.91% 70.9%
2023 26.6% 68.6% 11.8% 77.9%
2022 26% 67% 12.2% 65.3%
2021 21.8% 64.9% 8.22% 75.9%
2020 23.7% 62.2% 10.6% 87%
2019 16.6% 54.9% 13.2% 91.5%
2018 18.8% 58% 14.3% 86.9%
2017 16.3% 57.1% 8.39% 83.8%
2016 22.9% 59.9% 16.1% 76.5%
2015 22.9% 52.4% 19.4% 57.7%
2014 21.9% 44.9% 27.8% 48.9%
2013 20.5% 41.1% 30.8% 48.4%
2012 19.1% 34.3% 36.2% 47.6%
2011 18.2% 37% 29.8% 45.7%
2010 15.1% 33.5% 30.2% 42.4%
2009 14.3% 57.6% 35.2% 49.8%
2008 12.4% 67.3% 41.2% 36.4%
2007 13.7% 70.5% 40.3% 40.4%
2006 14.7% 67.7% 37.4% 40.8%
2005 13.3% 63.1% 36.8% 43.8%
2004 10.6% 48.7% 34.2% 52.1%
2003 8.88% 50% 35.3% 56.8%
2002 8.42% 54.8% 30.8% 57.8%
2001 10.9% 68.5% 30.5% 60.6%
2000 11.9% 66.5% 31.7% 60.8%
1999 11.9% 59.9% 28.2% 96.1%
1998 12.8% 62.8% 34.3% 110.6%
1997 10.6% 54.4% 34.2% 74.2%
1996 12.4% 60.4% 30.7% 114.9%
1995 12.7% 64.8% 24.1% 84.1%
1994 13.2% 79% 25.2% 73.3%
1993 14.8% 58.3% 25.8% 76.7%
1992 12.6% 45% 24.6% 78%
1991 14.6% 46.9% 24.7% 82.7%
1990 16.8% 44.7% 26.6% 91.6%
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/yemen | CC BY

In 2024, Togo's government spending was $2.81B, accounting for 26.4% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 72.1% in Togo and 70.9% in Yemen, ranking 54/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Togo

Yemen
1x
Year Deficit/surplus, % of GDP
Togo Yemen
2024 -7.43% -2.48%
2023 -6.73% -5.63%
2022 -8.33% -2.15%
2021 -4.65% -0.89%
2020 -7.05% -4.3%
2019 1.67% -5.89%
2018 -0.59% -7.85%
2017 -0.21% -4.9%
2016 -7.02% -8.51%
2015 -7.04% -8.75%
2014 -7.11% -4.14%
2013 -5.08% -6.9%
2012 -4.63% -6.32%
2011 -4.48% -4.51%
2010 -1.66% -4.06%
2009 -2.63% -10.2%
2008 -0.59% -4.53%
2007 -1.83% -7.18%
2006 -1.94% 1.19%
2005 -1.67% -1.82%
2004 0.61% -2.15%
2003 1.43% -4.2%
2002 -0.28% -0.56%
2001 -0.72% 2.79%
2000 -3.45% 6.09%
1999 -1.76% 0.06%
1998 -3.25% -7.77%
1997 -0.98% -1.5%
1996 -3.26% -0.92%
1995 -2.97% -5.74%
1994 -5.37% -14%
1993 -8.46% -12.8%
1992 -2.27% -10.9%
1991 -3.52% -5.76%
1990 -1.65% -10.3%
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/yemen | CC BY

In 2018, Togo's government deficit, the difference between spending and revenue, was $41.5M, equivalent to 0.59% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 29 years, Togo recorded a fiscal deficit in 27 of those years, while Yemen ran a deficit in 25 years. On average, Togo posted an annual deficit equal to 2.84% of GDP, compared to deficit of 5.04% of GDP for Yemen.

Inflation comparison by year

Inflation
Togo

Yemen
1x
Year Consumer prices inflation
Togo Yemen
2024 2.86% 33.9%
2023 5.49% 0.9%
2022 7.97% 29.5%
2021 4.19% 31.5%
2020 1.7% 21.7%
2019 0.67% 15.7%
2018 0.93% 33.6%
2017 -0.98% 30.4%
2016 1.29% 21.3%
2015 2.59% 22%
2014 0.19% 8.2%
2013 1.83% 11%
2012 2.58% 9.9%
2011 3.56% 19.5%
2010 1.45% 11.2%
2009 3.71% 3.7%
2008 8.69% 19%
2007 0.95% 7.9%
2006 2.23% 10.8%
2005 6.78% 9.9%
2004 0.39% 12.5%
2003 -0.93% 10.8%
2002 3.06% 12.2%
2001 3.92% 11.9%
2000 1.86% 11%
1999 -0.05% 7.9%
1998 0.98% 11.5%
1997 8.25% 4.6%

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/yemen | CC BY

Over the past 28 years, Togo has recorded an average annual inflation rate of 2.72%, compared with 15.5% in Yemen. In 2024, inflation was 2.86% in Togo and 33.9% in Yemen.

Top exports between countries

Togo
Export category Export value
Chemicals & pharma $52K
Yemen
Export category Export value

Balance of trade

Togo Yemen
Current account balance
-$20.7M
2020
-$2.42B
2016
Current account balance ranking
79/190
2020
148/190
2016
Current account balance, % of GDP
-0.28%
2020
-7.72%
2016
Goods imports
$1.95B
2020
$6.8B
2016
Goods exports
$1.21B
2020
$473M
2016
Service imports
$438M
2020
$1.46B
2016
Service exports
$514M
2020
$466M
2016
Imports of goods and services, % of GDP
38.1%
2024
47.3%
2018
Exports of goods and services, % of GDP
24.4%
2024
8.76%
2018

Economic freedom indices

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

Togo Yemen
Economic freedom 51.6 53.7
Economic freedom ranking 153/197 138/197
Property rights 43.6 3.5
Government integrity 33.3 6.2
Judicial effectiveness 34 9.9
Tax burden 68.9 93.7
Government spending 79.2 0
Fiscal health 9.6 71.2
Business freedom 60.1 31.3
Labor freedom 51.9 31.2
Monetary freedom 72.5 48.1
Trade freedom 65.8 67.4
Investment freedom 60 50
Financial freedom 40 30

Economic freedom comparison by year

Togo
Yemen
1x
Year Economic freedom index
Togo Yemen
2026 51.6 -
2025 52.3 -
2024 50.9 -
2023 55.3 -
2022 57.2 -
2021 57.5 -
2020 54.1 -
2019 50.3 -
2018 47.8 -
2017 53.2 -
2016 53.6 -
2015 53 53.7
2014 49.9 55.5
2013 48.8 55.9
2012 48.3 55.3
2011 49.1 54.2
2010 47.1 54.4
2009 48.7 56.9
2008 48.9 53.8
2007 49.7 54.1
2006 47.3 52.6
2005 48.2 53.8
2004 47 50.5
2003 46.8 50.3
2002 45.2 48.6
2001 45.3 44.3
2000 46.4 44.5
1999 48.2 43.3
1998 - 46.1
1997 - 48.4
1996 - 49.6
1995 - 49.8

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

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

The Economic Freedom Index for Togo is 51.6, ranking 153/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Togo Yemen
Services, % of GDP
49.2%
2024
41.8%
2018
Industry, % of GDP
20.4%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
21.3%
2024
28.7%
2018
GNI, Atlas method
$10.3B
2024
$25.3B
2018
GNI per capita, PPP
$3,380
2024
$3,020
2013
Total reserves including gold n/a
$1.25B
2022
Total reserves ranking n/a
139/177
2022
Net foreign direct investment
-$53.1M
2020
$15.4M
2015
Net inflows of foreign direct investment
$83.8M
2024
-$371M
2019
Net outflows of foreign direct investment
-$73.4M
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.21%
2024
0.53%
2018
Poverty at national poverty lines
43.8%
2021
48.6%
2014
Gross capital formation, % of GDP
20.8%
2024
6.18%
2018

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/yemen | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2024, retrieved 2026-02-08)

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.