The Gross Domestic Product (GDP) in Republic of the Congo contracted 7.90 percent in the fourth quarter of 2020 over the same quarter of the previous year. source: CNSEE, Congo

GDP Annual Growth Rate in Republic of the Congo averaged 3.30 percent from 1961 until 2020, reaching an all time high of 23.60 percent in 1982 and a record low of -10.70 percent in 2016. This page provides - Republic of the Congo GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Republic of the Congo GDP Annual Growth Rate - values, historical data and charts - was last updated on September of 2021.

GDP Annual Growth Rate in Republic of the Congo is expected to reach 0.20 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Republic of the Congo GDP Annual Growth Rate is projected to trend around 2.10 percent in 2022 and 3.00 percent in 2023, according to our econometric models.

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Republic of the Congo GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-7.90 -3.50 23.60 -10.70 1961 - 2020 percent Yearly

Republic of the Congo GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -7.90 -3.50 23.60 -10.70 percent [+]
GDP 10.88 12.69 17.95 0.13 USD Billion [+]
GDP per capita 2049.42 2283.32 3657.41 1562.45 USD [+]
GDP per capita PPP 3449.15 3842.80 5556.71 3449.15 USD [+]

Republic of the Congo GDP Annual Growth Rate
The Republic of Congo is a poor country with more than half of population living below the poverty line and relying on subsistence agriculture. Republic of Congo economy is heavily dominated by the oil industry, which accounts for 90 percent of exports and is a major source of government revenues. Despite being located in one of the most volatile regions in Africa, Republic of Congo has a democratic system and peace lasting for over a decade. On-going reforms on public sector backed by the IMF are expected to bring economic stability and address the country’s main economic challenges: youth unemployment, outdated infrastructure, bureaucracy, corruption and non-diversified industrial sector.