Gross capital formation (% of GDP) — all countries

Gross capital formation (% of GDP) — Togo

Gross capital formation (% of GDP) in Togo in 2023 — 22.4%. Ranked 97 in the world out of 174. Since 1963, the indicator has risen by 10.7 pp.

2023 22.4% −2.1 pp vs 2022
World rank 97of 174
Period maximum 50.7%1979
Period minimum 7.8%1993

Trend over time

1963–2023 · % of GDP

Gross capital formation (% of GDP) — Togo, 1963–20230204060196319691975198119871993199920052011201720231963: 11.7%1965: 23.7%1967: 12.6%1969: 13.2%1971: 18.1%1973: 21.7%1975: 28.5%1977: 38.9%1979: 50.7%1981: 30.7%1983: 21.8%1985: 27.4%1987: 24.1%1989: 17%1991: 37.4%1993: 7.8%1995: 37.7%1997: 26.2%1999: 20.4%2001: 29.3%2003: 32.1%2005: 25.1%2007: 18.8%2009: 14.5%2011: 19.9%2013: 22.1%2015: 25.2%2017: 16.8%2019: 18.6%2021: 21.5%2023: 22.4%
Change over the period: +10.7 pp Annual average: 0.18 pp

Comparison, 2023

How the value compares with the world and the groups this territory belongs to: Togo

Togo 22.4%
World 26.7%
Western Africa computed 23.5%
Low-income countries computed 22%
Gross capital formation (% of GDP) — Togo, by year Togo All countries CSV XLSX
Year % Change, pp
2023 22.4 −2.1 pp
2022 24.5 +3 pp
2021 21.5 +1.7 pp
2020 19.8 +1.2 pp
2019 18.6 −0.5 pp
2018 19.1 +2.3 pp
2017 16.8 −3.3 pp
2016 20.2 −5 pp
2015 25.2 +2.8 pp
2014 22.4 +0.3 pp
2013 22.1 +4.4 pp
2012 17.7 −2.2 pp
2011 19.9 +4.1 pp
2010 15.8 +1.3 pp
2009 14.5 −2.6 pp
2008 17.1 −1.7 pp
2007 18.8 −0.2 pp
2006 19 −6.1 pp
2005 25.1 −10.5 pp
2004 35.6 +3.5 pp
2003 32.1 +1.4 pp
2002 30.7 +1.3 pp
2001 29.3 −0.2 pp
2000 29.5 +9.1 pp
1999 20.4 −0.6 pp
1998 21 −5.2 pp
1997 26.2 −1.2 pp
1996 27.4 −10.4 pp
1995 37.7 +4.5 pp
1994 33.3 +25.4 pp
1993 7.8 −28.8 pp
1992 36.6 −0.8 pp
1991 37.4 +1.3 pp
1990 36.1 +19.2 pp
1989 17 −5.5 pp
1988 22.4 −1.7 pp
1987 24.1 −4.3 pp
1986 28.4 +0.9 pp
1985 27.4 +12.4 pp
1984 15 −6.8 pp
1983 21.8 −3.5 pp
1982 25.4 −5.3 pp
1981 30.7 −4.1 pp
1980 34.8 −15.9 pp
1979 50.7 +1.5 pp
1978 49.2 +10.3 pp
1977 38.9 +11.9 pp
1976 27 −1.5 pp
1975 28.5 +11.6 pp
1974 16.9 −4.8 pp
1973 21.7 +1.6 pp
1972 20.1 +2 pp
1971 18.1 +3.7 pp
1970 14.4 +1.2 pp
1969 13.2 +2.4 pp
1968 10.9 −1.8 pp
1967 12.6 −3.8 pp
1966 16.4 −7.3 pp
1965 23.7 +2.3 pp
1964 21.4 +9.6 pp
1963 11.7

About the indicator

Gross capital formation as a percent of GDP: outlays on fixed assets (buildings, structures, machinery, transport equipment, infrastructure), changes in inventories of material working assets and net acquisition of valuables. A steadily high rate of capital formation is a necessary condition for fast growth: during the economic surges of East Asia the indicator exceeded 35–40% of GDP.

Source: World Development Indicators (World Bank), license CC BY 4.0.