Togo's economy has recovered well in 2021, with GDP growth estimated at 4.8 percent and up from 1.8 percent in 2020. Inflation rose from 1.8 percent to 2.6 percent between 2020 and 2021, which could help revitalize the economy. The current account deficit is rising, estimated at 2.6 percent in 2021, up from 1.4 percent in 2020, due to the increase in the trade deficit to 9.7 percent in 2021 from 8.6 percent in 2020. Gross international reserves pooled in ECOWAS average 5.25 months of imports in 2020-21. The SDR allocation amounts to about $200.3 million. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
At the end of 2016, the banking sector of UEMOA represented a total asset of $ 36 billion.
Credit distributed to private sector at the end of 2017 represents $ 30 billion.
Amounts invested by private equity represents $ 103 million.
