Economy - overview:
The economy is a mixture of subsistence agriculture, an industrial sector based largely on oil and support services, and government spending. Oil has supplanted forestry as the mainstay of the economy, providing a major share of government revenues and exports. In the early 1980s, rapidly rising oil revenues enabled the government to finance large-scale development projects with GDP growth averaging 5% annually, one of the highest rates in Africa. Characterized by budget problems and overstaffing, the government has mortgaged a substantial portion of its oil earnings through oil-backed loans that have contributed to a growing debt burden and chronic revenue shortfalls. Economic reform efforts have been undertaken with the support of international organizations, notably the World Bank and the IMF. However, the reform program came to a halt in June 1997 when civil war erupted. Denis SASSOU-Nguesso, who returned to power when the war ended in October 1997, publicly expressed interest in moving forward on economic reforms and privatization and in renewing cooperation with international financial institutions. Economic progress was badly hurt by slumping oil prices and the resumption of armed conflict in December 1998, which worsened the republic's budget deficit. The current administration presides over an uneasy internal peace and faces difficult economic challenges of stimulating recovery and reducing poverty. The drop in oil prices during the global crisis reduced oil revenue by about 30%, but the subsequent recovery of oil prices has boosted the economy's GDP and near-term prospects. In March 2006, the World Bank and the International Monetary Fund (IMF) approved Heavily Indebted Poor Countries (HIPC) treatment for Congo, receiving $1.9 billion in debt relief under the program in 2010.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Exchange rates:
NOTE: 1) The information regarding Congo, Republic of the on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Congo, Republic of the Economy 2012 information contained here. All suggestions for corrections of any errors about Congo, Republic of the Economy 2012 should be addressed to the CIA.
$18.36 billion (2011 est.)
country comparison to the world: 131
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$15.1 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
5% (2011 est.)
country comparison to the world: 77
[see also: GDP - real growth rate country ranks ]
$4,600 (2011 est.)
country comparison to the world: 152
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 4.1%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 68.7%
[see also: GDP - composition by sector - industry country ranks ]
services: 27.2% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
1.514 million (2007)
country comparison to the world: 128
[see also: Labor force country ranks ]
NA%
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: 2.1%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 37.1% (2005)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
33.8% of GDP (2011 est.)
country comparison to the world: 22
[see also: Investment (gross fixed) country ranks ]
revenues: $3.85 billion
[see also: Budget revenues country ranks ]
expenditures: $3.154 billion (2011 est.)
[see also: Budget expenditures country ranks ]
25.5% of GDP (2011 est.)
country comparison to the world: 120
[see also: Taxes and other revenues country ranks ]
4.6% of GDP (2011 est.)
country comparison to the world: 16
[see also: Budget surplus (+) or deficit (-) country ranks ]
6% (2011 est.)
country comparison to the world: 135
[see also: Inflation rate (consumer prices) country ranks ]
4.25% (31 December 2009)
country comparison to the world: 77
[see also: Central bank discount rate country ranks ]
15.3% (31 December 2011 est.)
country comparison to the world: 46
[see also: Commercial bank prime lending rate country ranks ]
$3.12 billion (31 December 2011 est.)
country comparison to the world: 115
[see also: Stock of narrow money country ranks ]
$3.635 billion (31 December 2011 est.)
country comparison to the world: 133
[see also: Stock of broad money country ranks ]
$2.499 billion (31 December 2011 est.)
country comparison to the world: 129
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
cassava (tapioca), sugar, rice, corn, peanuts, vegetables, coffee, cocoa; forest products
petroleum extraction, cement, lumber, brewing, sugar, palm oil, soap, flour, cigarettes
12% (2010 est.)
country comparison to the world: 5
[see also: Industrial production growth rate country ranks ]
452 million kWh (2008 est.)
country comparison to the world: 162
[see also: Electricity - production country ranks ]
534 million kWh (2008 est.)
country comparison to the world: 164
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
436 million kWh (2008 est.)
[see also: Electricity - imports country ranks ]
302,200 bbl/day (2010 est.)
country comparison to the world: 37
[see also: Oil - production country ranks ]
11,000 bbl/day (2010 est.)
country comparison to the world: 151
[see also: Oil - consumption country ranks ]
211,800 bbl/day (2009 est.)
country comparison to the world: 53
[see also: Oil - exports country ranks ]
2,832 bbl/day (2009 est.)
country comparison to the world: 171
[see also: Oil - imports country ranks ]
530 million cu m (2009 est.)
country comparison to the world: 69
[see also: Natural gas - production country ranks ]
530 million cu m (2009 est.)
country comparison to the world: 97
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 75
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 170
[see also: Natural gas - imports country ranks ]
90.61 billion cu m (1 January 2011 est.)
country comparison to the world: 56
[see also: Natural gas - proved reserves country ranks ]
$3.885 billion (2011 est.)
country comparison to the world: 39
[see also: Current account balance country ranks ]
$13.25 billion (2011 est.)
country comparison to the world: 82
[see also: Exports country ranks ]
petroleum, lumber, plywood, sugar, cocoa, coffee, diamonds
US 31.1%, China 29%, France 6.8%, India 6.1%, Spain 4.4% (2010)
$3.727 billion (2011 est.)
country comparison to the world: 135
[see also: Imports country ranks ]
capital equipment, construction materials, foodstuffs
France 19.6%, China 11.7%, US 8.5%, Italy 8%, India 7.9% (2010)
$5.046 billion (31 December 2011 est.)
country comparison to the world: 89
[see also: Reserves of foreign exchange and gold country ranks ]
$5 billion (2000 est.)
country comparison to the world: 114
[see also: Debt - external country ranks ]
Cooperation Financiere en Afrique Centrale francs per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12