Togo: Services exports tripled in value over the past 10 years

Services
Tuesday, 20 November 2018 17:43
Togo: Services exports tripled in value over the past 10 years

(Togo First) - Togo’s services exports have since 2007 almost tripled in their value from CFA115 billion to CFA323 billion, at the end of 2017. 

The growth is far above the one recorded by goods exports which, over the same period, stood at 36%.

In detail, the performance of services is to be attributed to transport services exports which almost tripled from 50 billion, ten years ago, to CFA140 billion in 2017.  

Meanwhile, travel services exports generated CFA72 billion last year, four times more than they did in 2007. Same goes for communication services which generated CFA25 billion in 2017.

For insurance and finance services, however, the growth was less significant.

Fiacre E. Kakpo

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