Togo - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Togo was 21.83 as of 2020. Its highest value over the past 60 years was 66.01 in 1974, while its lowest value was 21.83 in 2020.

Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 31.13
1961 39.24
1962 35.05
1963 25.42
1964 35.07
1965 31.98
1966 38.89
1967 37.92
1968 42.01
1969 45.89
1970 49.64
1971 46.82
1972 39.28
1973 33.12
1974 66.01
1975 43.41
1976 47.30
1977 41.47
1978 63.98
1979 50.00
1980 51.06
1981 46.23
1982 50.15
1983 45.48
1984 51.24
1985 48.41
1986 43.98
1987 41.37
1988 43.66
1989 39.67
1990 33.47
1991 33.44
1992 26.93
1993 24.38
1994 30.55
1995 32.44
1996 33.28
1997 28.98
1998 29.69
1999 28.87
2000 28.22
2001 28.96
2002 30.27
2003 32.80
2004 33.29
2005 35.56
2006 35.37
2007 34.21
2008 34.31
2009 35.55
2010 37.84
2011 43.64
2012 45.21
2013 46.48
2014 39.72
2015 35.85
2016 26.91
2017 25.27
2018 23.94
2019 23.06
2020 21.83

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics.

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts