Market Research In Togo

Togo Profile:

  • Togo, officially the Togolese Republic is a sovereign state in West Africa.
  • Togo is a tropical, sub-Saharan nation, whose economy depends highly on agriculture, with a climate that provides good growing seasons.
  • Major crops are cassava, jasmine rice, corn, and millet. Other important sectors are the brewery and the textile industry.
  • Togo is a member of the United Nations, African Union, Organisation of Islamic Cooperation, South Atlantic Peace and Cooperation Zone, Francophonie and Economic Community of West African States.
  • Togo is among the world’s largest producers of phosphate and seeks to develop its carbonate phosphate reserves, which provide more than 20% of export earnings.

Togo Economy:

  • Togo is enjoying a period of steady economic growth fuelled by political stability and a concerted effort by the government to modernize the country’s commercial infrastructure.
  • Togo’s 2016 economic growth remained steady at 5.3%, largely driven by infusions of foreign aid, infrastructure investment in the port and mineral sectors, and improvements in the business climate. Foreign direct investment inflows have slowed in recent years.
  • The economy depends heavily on both commercial and subsistence agriculture, which provides employment for around 60% of the labor force.
  • Cocoa, coffee, and cotton and other agricultural products generate about 20% of export earnings with cotton being the most important cash crop.
  • Reducing fertility, boosting job creation, and improving education will be essential to reducing the country’s high poverty rate.

Togo Facts:

  • Population: 7.9 million
  • Capital: Lomé
  • Largest city: Lomé
  • Area: 56,785 sq km
  • Major language: French (official), Ewe and Mina, Kabye and Dagomba
  • Major religion: Christian 29%, Muslim 20%, indigenous beliefs 51%
  • Life expectancy: 62.8 years (Male), 68.1 years (Female)
  • Monetary unit: 1 Franc CFA(CFA Fr, XOF) = 100 centimes
  • Main exports: Re-exports, cotton, phosphates, coffee, cocoa
  • GNI per Capita: $1,370

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