Republic of the Congo GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Republic of the Congo expanded 3.40 percent in 2013 from the previous year. GDP Annual Growth Rate in Republic of the Congo averaged 4.38 percent from 1961 until 2013, reaching an all time high of 23.60 percent in 1982 and a record low of -8.95 percent in 1977. GDP Annual Growth Rate in Republic of the Congo is reported by the CNSEE, Congo.
||1961 - 2013
The Republic of Congo is a poor country with more than half of population living below the poverty line and relying on subsistence agriculture. Republic of Congo economy is heavily dominated by the oil industry, which accounts for 90 percent of exports and is a major source of government revenues. Despite being located in one of the most volatile regions in Africa, Republic of Congo has a democratic system and peace lasting for over a decade. On-going reforms on public sector backed by the IMF are expected to bring economic stability and address the country’s main economic challenges: youth unemployment, outdated infrastructure, bureaucracy, corruption and non-diversified industrial sector. This page provides - Republic of the Congo GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.