Togolese population should exceed 8 million this year

Economic governance
Wednesday, 07 March 2018 10:14
Togolese population should exceed 8 million this year

(Togo First) - Togolese population, both inside the country and outside, should exceed 8 million in 2018. This is according to the latest demographic projections of Ecobank’s research team released yesterday on africaficc. The latter is a new website dedicated to forecasts and analyses of economies where the pan-African bank operates.

According to data from Ecobank, given the strong economic growth that Togo recorded over the past five years and bright forecasts announced for this year, GDP per capita should grow by 7% standing at about $660.

This figure was at $615 and $570 in 2017 and 2016, respectively. According to Banque de France, Gini coefficient, which is used to measure inequality in income in a country, was 46% (0.46) end-2016.

Inequality in income perceived by Togolese people, which were numbered at 7.8 million last year, is thus tangible, amid major socio-economic challenges. Indeed, issues like low access to power, water, basic education and more importantly employment for youth prevent the country from leveraging on its demographic growth (which was 2.5% average yearly, over the past few years) to develop economically.

Fiacre E. Kakpo

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.