Congo

Congo Economic Outlook

  • After rebounding to about 6% in 2014, growth fell back to 1.2% in 2015 but should reach 4.2% in 2016, though prospects could be affected by persistent low prices for oil.
  • The speed and range of structural reform and of the diversification of the economy are still not enough to improve significantly the country’s social indicators and to achieve the Millennium Development Goals.
  • Despite great potential, urban areas are not yet driving economic structural transformation and the national urban strategy still has to be developed to tackle the problems of rapid urban growth.

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Key Facts

Flag:
Capital: Brazzaville
Area: 342,000 sq km
Total Population 2015: 4.5 Million
Urban Population 2015: 64.52%
Female Population 2015: 50.01%
GDP: US$ 14.2 Billion
GNI Per Capita 2015: US$ 2,550
Inflation Rate: 3.00%
Crude Birth Rate (per 1000): 37.58%
Human Development Index (rank / 187): 142
Human Development Index (scale 0 to 1): 0.534
Membership Date: 10/09/1964
Cumulative Approvals (1967-2015): UA 356.2 Million

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Contacts

Department Central Africa Region

Mrs. Marlene KANGA, Director Central Africa Region

African Development Bank Group 
Rue Anoma 01 BP 1387 Abidjan 01 (Cote d'Ivoire)
Tel +225 20 26 22 51