The economy of Togo is refers to the economic activity of the West African nation of Togo.
Subsistence agriculture is the main economic activity in Togo; the majority of the population depends on subsistence agriculture. Food and cash crop production employs the majority of the labor force and contributes about 42% to the gross domestic product (GDP). Coffee and cocoa are traditionally the major cash crops for export, but cotton cultivation increased rapidly in the 1990s, with 173,000 metric tons produced in 1999.
After a disastrous harvest in 2001 (113,000 metric tons), production rebounded to 168,000 metric tons in 2002. Despite insufficient rainfall in some areas, the Togolese Government has achieved its goal of self-sufficiency in food crops — maize, cassava, yams, sorghum, pearl millet, and groundnut. Small and medium-sized farms produce most of the food crop; the average farm size is one to three hectares.
Commerce is an important economic activity in Togo, and Lomé is an important regional trading center. Its port operates 24 hours a day, mainly transporting goods to the inland countries of Mali, Burkina Faso, and Niger.
Togo, officially the Togolese Republic i/ˈtoʊɡoʊ/, is a country in West Africa bordered by Ghana to the west, Benin to the east, and Burkina Faso to the north. It extends south to the Gulf of Guinea, on which the capital Lomé is located. Togo covers an area of approximately 57,000 square kilometres (22,000 sq mi) with a population of approximately 6.7 million.
Togo is a tropical, sub-Saharan nation, highly dependent on agriculture, with a climate that provides good growing seasons. The official language is French, with many other languages spoken in Togo, particularly those of the Gbe family. The largest religious group in Togo are those with indigenous beliefs, and there are significant Christian and Muslim minorities. Togo is a member of the United Nations, African Union, Organisation of Islamic Cooperation, South Atlantic Peace and Cooperation Zone, La Francophonie and Economic Community of West African States.
From the 11th to the 16th century, various tribes entered the region from all directions. From the 16th century to the 18th century, the coastal region was a major trading centre for Europeans in search of slaves, earning Togo and the surrounding region the name "The Slave Coast". In 1884, Germany declared Togoland a protectorate. After World War I, rule over Togo was transferred to France. Togo gained its independence from France in 1960.
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Africa is open to business : Togo and its economic potential
TOGO AND ITS ECONOMIC POTENTIAL
Togo Team Video
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Youth, Agro Ecology and Local Economy: A documentary on the 10th CBW in Togo - August 2014
Youth, Agro Ecology and Local Economy: A documentary on the 10th CBW in Togo - August 2014
Entreprendre au XXIème siècle, la parole aux jeunes entrepreneurs - Positive Economy Forum 2014
Togo's main port getting a Facelift
Togo's Economic Program with the IMF
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