TOGO

Country risk rating

D3

SENSITIVE RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Swipe to view more

GDP USD5.30bn (World ranking 157, World Bank 2018)
Population 7.89mn (World ranking 100, World Bank 2018)
Form of state Republic under transition to multiparty democratic rule
Head of government Faure ESSOZIMMA GNASSINGBE
Next elections 2020, presidential
  • Trade hub: the Lomé port outpaces Lagos in terms of traffic
  • Pro-business policy aimed at welcoming private investment and easing business creation
  • Stable economic growth, driven by rising investment in infrastructure and increasing production of cotton and phosphate
  • Tense political climate with a controversial executive power that could affect investors’ confidence
  • Lack of skilled workforce because of a weak educational system
  • Threat to maritime trade by Gulf of Guinea piracy
  • Quite high public debt (74.6% of GDP in 2018)

Contact

Contact Euler Hermes

Economic Research Team

research@eulerhermes.com

VIEW OUR SOLUTION