Togo - Exports of goods and services (current US$)

The latest value for Exports of goods and services (current US$) in Togo was $1,653,508,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $2,008,534,000 in 2013 and $36,412,060 in 1963.

Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 $37,708,630
1961 $49,603,530
1962 $46,343,060
1963 $36,412,060
1964 $58,256,750
1965 $59,902,260
1966 $84,046,500
1967 $87,870,820
1968 $101,651,400
1969 $122,866,700
1970 $126,062,900
1971 $134,158,100
1972 $131,854,600
1973 $134,617,100
1974 $369,940,100
1975 $267,965,200
1976 $292,993,700
1977 $322,394,900
1978 $527,351,600
1979 $445,904,900
1980 $580,273,700
1981 $444,924,500
1982 $412,043,200
1983 $348,233,600
1984 $367,999,800
1985 $369,048,900
1986 $466,639,500
1987 $516,742,400
1988 $601,984,500
1989 $536,694,500
1990 $545,098,000
1991 $535,853,600
1992 $455,990,700
1993 $300,774,200
1994 $300,177,600
1995 $424,723,400
1996 $487,731,000
1997 $434,321,200
1998 $471,225,000
1999 $455,259,400
2000 $420,973,900
2001 $429,265,400
2002 $516,664,500
2003 $694,055,600
2004 $752,312,600
2005 $811,251,200
2006 $831,772,000
2007 $910,767,500
2008 $1,140,287,000
2009 $1,201,393,000
2010 $1,297,652,000
2011 $1,689,773,000
2012 $1,750,943,000
2013 $2,008,534,000
2014 $1,817,014,000
2015 $1,498,688,000
2016 $1,622,914,000
2017 $1,616,151,000
2018 $1,702,908,000
2019 $1,665,137,000
2020 $1,653,508,000

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics.

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.

Aggregation method: Gap-filled total

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts