The economy Republic of the Congo contracted by 1.5% year-on-year in 2021, following a 6.2% decline in 2020, amid the effects of the coronavirus pandemic and falling oil prices. source: CNSEE, Congo

GDP Annual Growth Rate in Republic of the Congo averaged 3.25 percent from 1961 until 2021, 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 March of 2023.

GDP Annual Growth Rate in Republic of the Congo is expected to reach 4.00 percent by the end of 2022, 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 4.50 percent in 2023 and 3.40 percent in 2024, according to our econometric models.

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Republic of the Congo GDP Annual Growth Rate



Related Last Previous Unit Reference
GDP Annual Growth Rate -1.50 -6.20 percent Dec 2021

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IMF are expected to bring economic stability and address the country’s main economic challenges: youth unemployment, outdated infrastructure, bureaucracy, corruption and non-diversified industrial sector.
Actual Previous Highest Lowest Dates Unit Frequency
-1.50 -6.20 23.60 -10.70 1961 - 2021 percent Yearly