National Debt (% of GDP): Togo

Analysis# Togo National Debt (% of GDP) Togo's national debt reached 70.6% of GDP in 2026, down slightly from its all-time peak of 72.1% in 2024. Since 2005, the debt burden has grown by 11.9 percentage points, though it remains well below the potential trajectory suggested by recent years. The country's debt-to-GDP ratio has more than doubled from its lowest point of 33.5% in 2010, marking a significant shift in fiscal conditions over the past 15 years. A sharp acceleration occurred between 2019 and 2024, when debt climbed from 54.9% to 72.1%—a gain of 17.2 percentage points in just five years. This spike reflects the combined impact of the 2020 pandemic and subsequent economic pressures. The modest decline projected for 2026 suggests stabilization may be underway, though sustained fiscal discipline will be essential to reverse the upward trend established over the past decade.