• Togo economy accelerates in third quarter 2025
• Industrial output up 11% after 2024 decline
• Trade, services, construction post double-digit growth

Togo’s economy accelerated sharply in the third quarter of 2025, driven by an industrial rebound, stronger trade and rising activity in services and construction, according to data released earlier this year by the National Institute of Statistics and Economic and Demographic Studies (INSEED).

The industrial production index (IPI) rose 11% in the first 10 months of 2025, reversing a 4.2% decline in 2024. Extractive and manufacturing industries each expanded 7.8%, while energy output increased 3%.

The IPI tracks changes in industrial output volumes across extractive industries, manufacturing and energy. Based on data from a sample of companies and weighted by each sector’s share of national value added, it measures production in real terms and excludes price effects.

The third-quarter rebound extended beyond industry. The turnover index (ICA), which measures the value of sales in trade, services and construction, climbed 19.1% year-on-year. Wholesale trade rose 21% and retail trade 18.4%, signalling stronger commercial activity. Unlike the IPI, the ICA reflects both volume and price changes.

Market-based services excluding finance also posted robust growth in the first nine months of 2025. Health care expanded 44.4%. Business support services, including private security, industrial cleaning, equipment rental and outsourced administrative services, grew 34.2%. Transport activity increased 10.2%. Construction rose 14.8%, pointing to stronger project execution and investment.

These indicators are used to compile quarterly gross domestic product, which aggregates value added across sectors. Their performance in the third quarter points to a positive contribution to full-year 2025 growth.

Fiacre Enagnon Kakpo