Countries
Congo
Key Economic Indicators
$44.5 billion
$7,026
2.58%
3.09%
19.88%
$15.72 billion (2024 est.)
128.7% of GDP (2016 est.)
$1.72 billion
Economic Overview
primarily an oil- and natural resources-based economy; recovery from mid-2010s oil devaluation has been slow and curtailed by COVID-19; extreme poverty increasing, particularly in southern rural regions; attempting to implement recommended CEMAC reforms; increasing likelihood of debt default
All Economic Data
Agricultural products
cassava, sugarcane, oil palm fruit, bananas, plantains, root vegetables, game meat, vegetables, mangoes/guavas, fruits (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Budget
Expenditures:
$3.231 billion (2020 est.)
Note:
<b>note:</b> central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated
Revenues:
$2.393 billion (2020 est.)
Currency
code:
XAF
name:
Central African CFA franc (XAF) [Fr]
Current account balance
$1.72 billion
Current account balance 2019:
$1.632 billion (2019 est.)
Current account balance 2020:
$1.441 billion (2020 est.)
Current account balance 2021:
$1.716 billion (2021 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Debt - external
$6.73 billion
Debt - external 2023:
$6.36 billion (2023 est.)
Note:
<b>note:</b> present value of external debt in current US dollars
Exchange rates
Currency:
Cooperation Financiere en Afrique Centrale francs (XAF) per US dollar -
Exchange rates 2020:
575.586 (2020 est.)
Exchange rates 2021:
554.531 (2021 est.)
Exchange rates 2022:
623.76 (2022 est.)
Exchange rates 2023:
606.57 (2023 est.)
Exchange rates 2024:
606.345 (2024 est.)
Exports
$8.3 billion
Exports 2019:
$7.855 billion (2019 est.)
Exports 2020:
$4.67 billion (2020 est.)
Exports 2021:
$7.752 billion (2021 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
crude petroleum, refined copper, gold, wood, refined petroleum (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
China 46%, UAE 23%, India 6%, Saudi Arabia 5%, Portugal 3% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$603.62 million
GDP - composition, by end use
Exports of goods and services:
52.8% (2024 est.)
Government consumption:
13.4% (2024 est.)
Household consumption:
47.4% (2024 est.)
Imports of goods and services:
-40.4% (2024 est.)
Investment in fixed capital:
26.5% (2024 est.)
Investment in inventories:
0.3% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
9.4% (2024 est.)
Industry:
40.1% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
45% (2024 est.)
GDP (official exchange rate)
$15.72 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$2,482
Gini Index coefficient - distribution of family income
48.9 (2011)
GNI (gross national income)
$14.18 billion
GNI per capita
$2,280
Gross domestic investment
27 % of GDP
Imports
$6.35 billion
Imports 2019:
$4.945 billion (2019 est.)
Imports 2020:
$3.279 billion (2020 est.)
Imports 2021:
$4.487 billion (2021 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
ships, poultry, garments, iron pipes, refined petroleum (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
China 24%, Angola 20%, Gabon 9%, France 6%, UAE 5% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
0.3% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
petroleum extraction, cement, lumber, brewing, sugar, palm oil, soap, flour, cigarettes
Inflation rate (consumer prices)
3.09%
Inflation rate (consumer prices) 2022:
3% (2022 est.)
Inflation rate (consumer prices) 2023:
4.3% (2023 est.)
Inflation rate (consumer prices) 2024:
3.1% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
2.563 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
2.64 million persons
Labor force - by occupation
agriculture:
36.35%
industry:
19.48%
services:
44.17%
Public debt
Public debt 2016:
128.7% of GDP (2016 est.)
Real GDP (purchasing power parity)
$44.5 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$37.448 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$38.163 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$39.147 billion (2024 est.)
Real GDP growth rate
2.58%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
1.5% (2022 est.)
Real GDP growth rate 2023:
1.9% (2023 est.)
Real GDP growth rate 2024:
2.6% (2024 est.)
Real GDP per capita
$7,026
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$6,200 (2022 est.)
Real GDP per capita 2023:
$6,200 (2023 est.)
Real GDP per capita 2024:
$6,200 (2024 est.)
Remittances
$44 million
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2021:
0.3% of GDP (2021 est.)
Remittances 2022:
0.3% of GDP (2022 est.)
Remittances 2023:
0.3% of GDP (2023 est.)
Reserves of foreign exchange and gold
$715.39 million
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2021:
$828.56 million (2021 est.)
Reserves of foreign exchange and gold 2022:
$835.649 million (2022 est.)
Reserves of foreign exchange and gold 2023:
$715.391 million (2023 est.)
Revenue (excl grants)
20 % of GDP
Tax revenue
7 % of GDP
Taxes and other revenues
6.5% (of GDP) (2021 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
19.88%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
20.2% (2022 est.)
Unemployment rate 2023:
19.9% (2023 est.)
Unemployment rate 2024:
19.7% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
39% (2024 est.)
Male:
41% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
40% (2024 est.)
World Bank Indicators
Currency
Central African CFA franc (XAF) Fr (2025)
Exports (US$)
$412.92M (2024)
External Debt
$1.05B (2024)
FDI Net Inflows (US$)
$40.41M (2024)
GDP Growth (%)
1.50 (2024)
Gdp Nominal
$2.75B (2024)
GDP Per Capita
516 (2024)
Gini Index
56.20 (2008)
Imports (US$)
$864.65M (2024)
Inflation Rate (%)
1.48 (2024)
Languages
French, Sango (2025)
Reserves
$479.59M (2023)
Unemployment Rate (%)
6.25 (2024)
Youth Unemployment
9.99 (2024)
Economic Rankings
Unemployment Rate
#7
Gini Index
#19
External Debt
#79
Exports
#122
GDP (PPP)
#135
GDP (Nominal)
#139
Imports
#141
GDP per Capita
#144
Reserves
#146
GDP Growth Rate
#169
Inflation Rate
#171
Quick Facts
Industries
petroleum extraction, cement, lumber, brewing, sugar, palm oil, soap, flour, cigarettes
Agricultural products
cassava, sugarcane, oil palm fruit, bananas, plantains, root vegetables, game meat, vegetables, mangoes/guavas, fruits (2023)
Labor force
2.563 million (2024 est.)
Exports - partners
China 46%, UAE 23%, India 6%, Saudi Arabia 5%, Portugal 3% (2023)
Imports - partners
China 24%, Angola 20%, Gabon 9%, France 6%, UAE 5% (2023)
Exchange rates
Cooperation Financiere en Afrique Centrale francs (XAF) per US dollar -
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