Central African Republic

Central African Republic Economic Outlook

Deteriorating security accounted for stagnant growth from 2016 to 2017. Security issues increased the number of displaced persons, hindering agricultural production, trade, and foreign investment. Real GDP growth in 2017 was estimated at 4.5%, indicating some economic recovery, but fell short of the projected 5.3%. Growth was driven primarily by recovery in forestry and mining following the lifting of international sanctions, as well as by the vitality of the tertiary sector and trade. Although returning farmers and insecurity continued to weigh on agriculture and livestock production, economic activity is expected to rise in 2018–19, and average annual growth is projected at 5% or higher. Growth in 2018 and 2019 will hinge on improved domestic security, which is crucial to agricultural recovery and implementation of investment plans and economic reforms supported by international partners.

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Key Facts

Flag:
Capital: Bangui
Area: 623,000 sq km
Total Population 2017: 5.1 Million
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 1.9 Billion
GNI Per Capita 2015: US$ 320
Inflation Rate: 3.61%
Crude Birth Rate (per 1000): 32.70%
Human Development Index (rank / 188): 188
Human Development Index (scale 0 to 1): 0.352
Membership Date: 25/08/1970
Cumulative Approvals (1967-2016): UA 254.4 Million

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Contacts

Central Africa Republic Country Office

Groupe de la Banque africaine de Développement
Rue Joseph Degrain (Stade Municipal)
Sainte Sophie Résidences
BP 324
Bangui, RCA

Mr Joel Tokindang, Country Manager

Department Central Africa Region

Mr. Ousmane Dore, Director Central Africa Region

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