Togo The tertiary sector progresses in the 2nd quarter of 2019
The tertiary sector contributes nearly 60% of wealth creation in Togo, according to the latest statistics of the Central Bank of West African States (Bceao). The services will therefore have evolved from 59.1% of GDP Gross domestic product estimated at 2 935.7 billion FCFA at the end of April, to 59.9% at the end of June (nominal GDP, estimated at 2 942 400 billion FCFA. 0.8 percentage point increase over the period. The primary and secondary sectors, respectively, represent 23.6% and 16.6% of nominal GDP respectively. Togo thus remains with the second largest tertiary sector in the West African Economic and Monetary Union (UEMOA), in relative proportion. The country comes behind Senegal (61.2%), according to preliminary data from the sub-regional institution, and ahead of Benin (55.6%), Côte d’Ivoire (55%), Burkina Faso (51%) , 7%), Niger (45.4%), Mali (41.9%); and Guinea Bissau (39.6%) closing the ranking.