Congo Economic Outlook

The economy is expected to contract further in 2017 in response to the continued decline in oil prices, the country’s main source of export revenues, and weak response from nonoil sectors. Real GDP declined an estimated 4% in 2017, following a contraction of 2.8% in 2016. The decline in international oil prices, compounded by dependence on oil revenues, continues to undermine Congo’s efforts to diversify its economy and increase its resilience. The economy is projected to expand 3.1% in 2018 and 2.1% in 2019, driven by higher oil production, following the exploitation of the Moho-Nord oil field, which accounts for 19.3% of the country’s production.

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Key Facts

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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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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