The gross savings of Togo in 2020 amounted to 1 558 million USD, which is 25.09% more than in 2019, when it was 1 245 million USD. It has been growing in this country for already 4 years in a row. Over the entire period of data from World Bank and OECD since 1974, this indicator has increased in 4.99 times. The lowest gross savings recorded in 1993, when it was 74 million USD. The maximum savings value of Togo was in 2020, when it reached 1 558 million USD. Gross national savings is the total amount of income that a country’s residents save, rather than spend, during the year.
Additional infomation: About indicator
Gross savings are calculated as gross national income less total consumption, plus net transfers. Data are in current U.S. dollars.
