Togo's real GDP growth rate increased 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, an increase of 153,143 million.

This development is mainly due to improvements of 70,190 million in the current account balance and 88,904 million in net flows under the financial account, mitigated 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 of 69,224 million in the surplus in the secondary income account.
The current account deficit, excluding public donations, as a proportion of GDP stood at 2.2% in 2019, compared with 3.4% in 2018. The capital account posted a surplus balance of 169,884 million, compared with 175,733 million the previous year, down 3.3%, in line with the decline 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 financing surplus of 137,399 million in 2019, after a surplus of 73,058 million recorded the previous year. The financial account recorded net capital inflows of 29,873 million in 2019, compared with net outflows of 59,031 million in 2018, mainly in line with the evolution of direct investment.

External transactions resulted in an increase in the net claims of deposit-taking institutions on non-residents of 170,150 million in 2019, in relation to the increase of 182,165 million in the net claims of the Central Bank, mitigated by the decline of 12,015 million in those of other depository institutions. t on non-residents.
Finally, the net international investment position recorded an increase of 142,111 million with a net balance of -499,303 million for the year 2019, compared to -641,414 million a year earlier, following an increase in assets more pronounced than that of commitments.