Togo's real GDP growth rate rose by 0.5% in 1019 compared to 2018, when it stood at 5.0% in 2018. According to the BCEAO, the economic situation was marked internally by the continuation of the economic and financial program concluded with the IMF over the period 2017-2019, as well as the implementation of structural reforms and road development projects.
Togo's balance of payments recorded a surplus of 170,150 million in 2019, compared to a surplus of 17,007 million in 2018, representing an increase of

This development is mainly the result of improvements of 70,190 million in the current account balance and of 88,904 million in net financial account flows, attenuated by the decrease of 5,849 million in the capital account balance.
The current account balance improved by 70,190 million, from -102,675 million in 2018 to -32,485 million in 2019, due to the increase in the secondary income account surplus by 69,224 million.
The current account deficit, excluding public grants, as a percentage of GDP was 2.2% in 2019, compared to 3.4% in 2018. The capital account generated a surplus of 169,884 million, compared with 175,733 million the previous year, a decrease of 3.3%, in connection with the decrease in project grants received by the Public Administration during the year under review

Thus, the BCEAO confides that trade with the outside world resulted in a surplus of financing of 137.399 million in 2019, after a surplus of 73.058 million registered the previous year. In 2019, the financial account recorded net capital inflows of 29.873 million, compared to net outflows of 59,031 million in 2018, mainly in line with the evolution of direct

In 2019, external transactions resulted in an increase in the net claims of deposit-taking institutions against non-residents by 170,150 million, in relation to the increase of 182,165 million in the net claims of the Central Bank, attenuated by the fall of 12,015 million in the net claims of other deposit-taking institutions on non-residents.
Finally, the global net external position increased by 142,111 million with a net balance of -499,303 million in 2019, compared to -641,414 million a year earlier, following a sharper increase in assets than in liabilities