(Ecofin Agency) - Togo’s economic growth should stand at 5% in 2017, just like the rate forecast for 2016. This was revealed in the State budget project of the government.

The budget which is 1,218 billion CFA francs ($2.03 billion) was approved on November 14 by the government. It forecasts a yearly inflation of 2.5% for the coming year against 1.8% expected this year.

The economy grew by 5% average per annum over the last 5 years. The secondary sector was the main driver of this growth, sustained by the good performances of its manufacturing and extractive industries. It is followed by the service sector where the trade at the Lomé port and airport increased. Agriculture also recorded a significant growth. It however fluctuated given that it strongly depends on weather conditions.