Congo GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Congo is expected to expand 8.10 percent in 2013 from the previous year. GDP Annual Growth Rate in Congo is reported by the Banque Centrale du Congo. From 1960 until 2013, Congo GDP Annual Growth Rate averaged 0.5 percent reaching an all time high of 9.7 percent in December of 1970 and a record low of -26.1 percent in December of 1961. Although abundant in natural resources, The Democratic Republic of Congo (DR Congo) has the lowest GDP per capita in the world. Decades of civil war and systemic corruption has left 70 percent of population living under poverty line. The growing mining industry, oil production and overseas financial aid are the main sources of revenue for the Congolese government. This page provides - Congo GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
8.10 7.20 9.70 -26.10 8.36 | 2014/06 1960 - 2013 percent Yearly

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Congo GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 17.87 2012-12-31 15.64 17.87 2.88 21.67 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 8.10 2013-12-31 7.20 9.70 -26.10 8.36 2014-06-30 percent [+]
GDP per capita 164.51 2012-12-31 157.80 484.71 118.64 176.72 2014-06-30 USD [+]
GDP per capita PPP 363.87 2012-12-31 349.01 798.23 262.41 390.87 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Congo Gold Reserves at 0.00 Tonnes  
Gold Reserves in Congo remained unchanged at 0 Tonnes in the fourth quarter of 2013 from 0 Tonnes in the third quarter of 2013. Gold Reserves in Congo is reported by the World Gold Council.
Congo Interest Rate at 2.00 percent  
The benchmark interest rate in Congo was last recorded at 2 percent. Interest Rate in Congo is reported by the Banque Centrale du Congo.
Congo Personal Income Tax Rate at 30.00 percent  
The Personal Income Tax Rate in Congo stands at 30 percent. Personal Income Tax Rate in Congo is reported by the DRC Tax Authority.
Congo Inflation Rate at 1.21 percent  
The inflation rate in Congo was recorded at 1.21 percent in February of 2014. Inflation Rate in Congo is reported by the Banque Centrale du Congo.
Congo Corporate Tax Rate at 35.00 percent  
The Corporate Tax Rate in Congo stands at 35 percent. Corporate Tax Rate in Congo is reported by the DRC Tax Authority.
Congo Sales Tax Rate | VAT at 13.00 Percent  
The Sales Tax Rate in Congo stands at 13 percent. Sales Tax Rate in Congo is reported by the DRC Tax Authority.
Congo Balance of Trade at 101.50 USD Million  
Congo recorded a trade surplus of 101.50 USD Million in 2013. Balance of Trade in Congo is reported by the Banque Centrale du Congo.
Congo Current Account at -2451.30 USD Million  
Congo recorded a Current Account deficit of 2451.30 USD Million in 2013. Current Account in Congo is reported by the Banque Centrale du Congo.
Congo Imports at 9488.70 USD Million  
Imports in Congo is projected to increase to 9488.70 USD Million in 2013 from 8355.70 USD Million in 2012. Imports in Congo is reported by the Banque Centrale du Congo.
Congo Exports at 9488.70 USD Million  
Exports in Congo is projected to increase to 9488.70 USD Million in 2013 from 8534.20 USD Million in 2012. Exports in Congo is reported by the Banque Centrale du Congo.
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