Recent socio-political unrests cost Togo $640 mln

Economic governance
Tuesday, 18 June 2019 16:39
Recent socio-political unrests cost Togo $640 mln

(Togo First) - In its Global Peace Index 2019 (GPI), the Institute for Economics and Peace IEP observed that socio-political unrests in Togo over the 2017-18 period cost the country about XOF378 billion, or $646.9 million. This makes 5% of the national GDP.

Togo dropped 9 places in the ranking, compared to 2018, now being the 108th most peaceful country in the world. It gets same score level as Côte d’Ivoire, Burkina Faso, and Uganda. Top 3 of ranking is comprised of Iceland, New Zealand and Portugal.

The 2019 GPI found that the economic impact of violence in Togo reached a bit over $1 billion over the period reviewed.

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