Congo

Congo Economic Outlook

Real GDP growth was an estimated 2.0% in 2018, after two years of contraction in 2016 (2.8%) and 2017 (3.1%). The recovery, which is not enough to reduce a 40% poverty rate, is due to rising oil prices and increased domestic production of hydrocarbons, supported by private investment in the Moho Nord oil field and increased exports of oil products. The fiscal deficit was an estimated 4.8% of GDP in 2018, down from 12.5% in 2017, thanks to an increase in revenue (13%) and a reduction in expenditure (24%) as part of the fiscal consolidation measures under the Central African Economic and Monetary Community (CEMAC) regional program.

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Key Facts

Flag:
Capital: Brazzaville
Area: 342,000 sq km
Total Population 2017: 4.5 Million
Urban Population 2017: 64.52%
Female Population 2017: 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 / 188): 142
Human Development Index (scale 0 to 1): 0.534
Membership Date: 10/09/1964
Cumulative Approvals (1967-2016): UA 356.2 Million

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Contacts

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

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