Economy of Republic of the Congo
Population: 5.24 M (2018)
GDP per Capita: 2,148 USD (2018)
11,260 M.

GDP USD

(2018)

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11,140 M.

EXPORTS USD

(2018)

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6,310 M.

IMPORTS USD

(2018)

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87.85 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 1.03 % (2018)
GDP of 2010 USD USD 13.90 B. (2018)
GDP Current USD USD 11.26 B. (2018)
GDP per Capita Current USD USD 2,148 (2018)
GDP per capita, PPP USD 5,024 (2018)
GDP per Capita, 2010 USD USD 2,652 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 8.31 % (2018)
Government Spending USD 0.94 B. (2018)
Government Debt % GDP 87.85 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 188.46 (2018)
Trade Openness 154.91 % (2018)
Exports of Goods and Services % GDP 98.89 % (2018)
Exports Goods & Services USD 11.14 B. (2018)
Exports Annual Growth 21.99 % (2018)
Imports as % GDP 56.02 % (2018)
Total Imports USD 6.31 B. (2018)
Foreign Direct Investment % GDP 38.29 % (2018)
Foreign Direct Investment USD 4.31 B. (2018)
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP 42.87 % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold USD 0.42 B. (2018)
Remittances % GDP 0.09 % (2016)
Remittances USD 6 M. (2016)
Balance of Payments USD 3,105 M. (2016)

Labor Market

Indicator Value
Labor Force 2.17 M. (2019)
Unemployment Rate 10.39 % (2019)
Unemployment Rate Females 10.10 % (2019)
Unemployment Rate Males 8.86 % (2019)
Youth Unemployment (ages 15-24) 22.97 % (2019)
Labor Force Participation Rate 69.12 % (2019)
Labor Force (Percent Female) 49.04 % (2019)
Female Labor Force Participation Rate 66.82 % (2019)
Male Labor Force Participation Rate 71.45 % (2019)
Dependent People 80.00 % (2018)

Agriculture Sector

Indicator Value
Forest Area 65.40 % (2016)
Forest Area km² 223,186 km² (2016)
Agricultural Land 31.12 % (2016)
Agricultural Land km² 106,270 km² (2016)
Employment 35.81 % (2019)
Value added % GDP 7.12 % (2018)
Agriculture Value added USD 0.80 B. (2018)
Crop Production Index 126.10 (2016)
Precipitation 1,646 mm (2014)
Arable Land 2 % (2016)
Cereal Yield 829 kg/hectare (2017)
Food production index 138 (2016)
Rural Population 33 % (2018)
Fertilizer use of Arable Land 2 kg/hectare (2016)
Livestock Production Index 177 (2016)
Economy of Republic of the Congo

According to the World Bank and its latest published data, the economy of the Republic of the Congo presents a growth rate of 1.03 % (2018) to the previous year.

With a population that reaches 5.24 M (2018) and a gross domestic product of USD 11.26 B. (2018), it translates a Gross Domestic Product per Capita of USD 2,148 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Republic of the Congo also has a workforce of 2.17 M. (2019) with an unemployment rate of 10.39 % (2019), where women represent 10.10 % (2019) and men 8.86 % (2019), the unemployment rate for young people between 15-24 years old stood at 22.97 % (2019). The total number of dependent people stands at 80.00 % (2018).

The central government spent 8.31 % (2018) of its gross domestic product that year, which in absolute terms is USD 0.94 B. (2018). Its consolidated public debt reached 87.85 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Republic of the Congo exported USD 11.14 B. (2018), which represents 98.89 % (2018) of its gross domestic product, in that same sense its imports reached USD 6.31 B. (2018) with a direct foreign investment of USD 4.31 B. (2018).

Republic of the Congo has a forest area of 223,186 km² (2016), which represents 65.40 % (2016) of its total area, an average rainfall of 1,646 mm (2014) per year and a population of 33 % (2018) living in rural areas. With a total area of 106,270 km² (2016) available for agriculture and 35.81 % (2019) of its employments, the agricultural sector contributes to the economy of the Republic of the Congo about USD 0.80 B. (2018) (7.12 % (2018) of its GDP).