What is the main industry in Togo?

What is the main industry in Togo?

Togo: Economy

Economic Trivia Togo is one of the largest phosphate producers in the world.
Top Industries Phosphate Mining; Agricultural Processing; Cement; Handicrafts

Is Togo rich or poor?

Togo – Poverty and wealth Togo is a poor country; GDP per capita stood at $1,700 in 1999, and 32 percent of the population was thought to be living below the poverty line (according to 1987-89 estimates).

Why is Togo so poor?

Although Togo is one of the world’s top five producers of phosphates, an otherwise prosperous resource used in fertilizers, its inhabitants remain poor and almost entirely dependent on humanitarian foreign aid. Thus, the rates of poverty in Togo are very high.

What type of government does Togo have?

Presidential system

How does Togo make its money?

Subsistence agriculture and commerce are the main economic activities 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).

Is Togo richer than Benin?

Togo has a GDP per capita of $1,700 as of 2017, while in Benin, the GDP per capita is $2,300 as of 2017.

Is Togo beautiful?

The beauty of Togo will be wasted if you do not take a hike up its beautiful mountains that overlooks some of the most gorgeous views in the country. Located near the Ghana border, it lies to the south east of Kpalimé in the Plateaux Region of Togo. This adventure would be another tick to your bucket list.

What are the problems in Togo?

Nearly 81.2 percent of Togo’s rural population lives under the global poverty line. This makes Togo one of the world’s poorest countries. Child welfare is a huge issue, as 49.5 percent of those impoverished are under 18 years of age. One out of every eight Togolese children will not live to see their fifth birthday.

Is Togo a safe country?

Crime. Violent crime, theft and pick-pocketing are common throughout Togo and you should be especially cautious in Lomé along the beach and in the markets. Attacks occur during daylight as well as at night. You should avoid travelling alone where possible, even within Lomé city limits, especially at night.

What is Togo known for?

Togo has great beaches, scenic spots and busy markets to make any holiday a memorable one. When you visit a place, you should discover. In the case of Togo, there is much to discover in this West African country. Did you know that Togo is known for its palm-lined beaches and hilltop villages.

What sports do people play in Togo?

Football (soccer) is the most popular sport in Togo, and the country has enjoyed international success. Togolese also enjoy boxing. In the late 1990s super middleweight Zafrou Balloqou was ranked in the world’s top 10, and Yacoubou Moutakilou and Abdoukerin Hamidou also have found success in the ring.

Are Benin and Togo the same?

Benin and Togo History Benin sits just west of Nigeria, and west of Benin is Togo. Benin has a population of 9.88 million that is growing at an annual rate of 2.84%. Togo is only slightly behind with a growth rate of 2.73% and 7.15 million people.

Where does the economy of Togo take place?

Togo is one of 16 members of the Economic Community of West African States (ECOWAS). The ECOWAS development fund is based in Lomé.

How much does the United States trade with Togo?

Total United States trade with Togo amounts to about $16 million annually. Trade is extremely important to Togo’s economy; the combined value of exports and imports equals 105 percent of GDP. The average applied tariff rate is 11.4 percent.

Why does Togo have a high population growth rate?

This is largely attributable to a high annual population growth rate of 2.5% that is outpacing development progress, concentrated economic growth in the modern sectors, and limited access to quality services.

How much money does Togo owe to the World Bank?

As of the fall 2002, Togo was $15 million in arrears to the World Bank and owed $3 million to the ADB. Togo is one of 16 members of the Economic Community of West African States (ECOWAS). The ECOWAS development fund is based in Lomé.