Togo: Tertiary sector records slight increase in performance in Q2 2019

Economic governance
Wednesday, 18 September 2019 14:06
Togo: Tertiary sector records slight increase in performance in Q2 2019

(Togo First) - The tertiary sector contributes nearly 60% of Togo’s GDP, according to the latest data released by the Central Bank of West African States (BCEAO).

In detail, the sector, at end-April this year, had contributed 59.1% of gross domestic GDP valued at XOF2,935.7 billion. At end-June, it soared to 59.9%, thus representing a 0.8% increase. 

Meanwhile, the primary and secondary sectors represented respectively 23.6% and 16.6% of nominal GDP.  

Togo with this performance is the second country with the most important tertiary sector in the West African economic and monetary union (WAEMU), by share size. It is behind Senegal (61.2%), and before Benin (55.6%), Côte d’Ivoire (55%), Burkina Faso (51.7%), Niger (45.4%), Mali (41.9%) and Guinea Bissau (39.6%).

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