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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.
Key Facts
FFlag: | ![]() |
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 |
Latest Videos
17/03/2016 - African Development Fund - Ketta-Djoum Road in Congo-Brazzaville
Knowledge Products
Documents
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Congo - Country Strategy Paper 2018-2022 (1.81 MB)
Contacts
Congo Customized Office
Mr. Racine Kane, Deputy Director General
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