Togo’s economy grew by 6.5% in 2024, up from 6.2% in 2023, according to official data. The country’s GDP passed the 6,000 billion CFA francs mark for the first time, reaching 6,458 billion.
Growth was boosted by a strong fourth quarter, which saw a 17.7% jump compared to 2023. Key drivers included domestic demand, major infrastructure, and the Adétikopé Industrial Platform, which created nearly 2,000 jobs. The port of Lomé also set a record with 30.6 million tons of traffic, strengthening its role as a regional hub. While construction surged by 44.7%, some sectors like wood and electricity recorded steep declines.
Inflation stayed low at 2.3%, helping to protect household purchasing power. The IMF cautioned, however, that rising security costs could strain Togo’s budget despite the strong growth outlook.
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