Republic of the Congo GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Republic of the Congo expanded 4.90 percent in 2012 from the previous year. GDP Annual Growth Rate in Republic of the Congo is reported by the CNSEE, Congo. GDP Annual Growth Rate in Republic of the Congo averaged 4.42 percent from 1961 until 2012, reaching an all time high of 23.60 percent in 1982 and a record low of -8.95 percent in 1977. 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IMF are expected to bring economic stability and address the country’s main economic challenges: youth unemployment, outdated infrastructure, bureaucracy, corruption and non-diversified industrial sector.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. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.90 3.40 23.60 -8.95 5.35 | 2014/06 1961 - 2012 percent Yearly

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Republic of the Congo GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 13.67 2012-12-31 14.42 14.42 0.13 14.94 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 4.90 2012-12-31 3.40 23.60 -8.95 5.35 2014-06-30 percent [+]
GDP per capita 1943.69 2012-12-31 1922.03 2204.05 956.97 1971.23 2014-06-30 USD [+]
GDP per capita PPP 3814.68 2012-12-31 3772.18 4325.67 2955.19 3866.05 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

Republic of the Congo GDP Annual Growth Rate at 4.90 percent  
The Gross Domestic Product (GDP) in Republic of the Congo expanded 4.90 percent in 2012 from the previous year. GDP Annual Growth Rate in Republic of the Congo is reported by the CNSEE, Congo.
Republic of the Congo Balance of Trade at 4092.35 CFA Franc Billion  
Republic of the Congo recorded a trade surplus of 4092.35 CFA Franc Billion in 2010. Balance of Trade in Republic of the Congo is reported by the CNSEE, Congo.
Republic of the Congo Interest Rate at 3.25 Percent  
The benchmark interest rate in Republic of the Congo was last recorded at 3.25 percent. Interest Rate in Republic of the Congo is reported by the Bank of Central African States.
Republic Of The Congo Personal Income Tax Rate at 45.00 percent  
The Personal Income Tax Rate in Republic Of The Congo stands at 45 percent. Personal Income Tax Rate in Republic Of The Congo is reported by the Ministry of Commerce.
Republic Of The Congo Corporate Tax Rate at 34.00 percent  
The Corporate Tax Rate in Republic Of The Congo stands at 34 percent. Corporate Tax Rate in Republic Of The Congo is reported by the Ministry of Commerce.
Republic Of The Congo Sales Tax Rate | VAT at 18.00 Percent  
The Sales Tax Rate in Republic Of The Congo stands at 18 percent. Sales Tax Rate in Republic Of The Congo is reported by the Ministry of Commerce.
Republic of the Congo Current Account at -1163.30 CFA Franc Billion  
Republic of the Congo recorded a Current Account deficit of 1163.30 CFA Franc Billion in 2010. Current Account in Republic of the Congo is reported by the CNSEE, Congo.
Republic of the Congo Inflation Rate at 3.40 percent  
The inflation rate in Republic of the Congo was recorded at 3.20 percent in September of 2013. Inflation Rate in Republic of the Congo is reported by the CNSEE, Congo.
Republic of the Congo Current Account to GDP at 0.30 percent  
Republic of the Congo recorded a Current Account surplus of 0.30 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Republic of the Congo is reported by the CNSEE, Congo.
Republic of the Congo Government Budget at 2.40 Percent of GDP  
Republic of the Congo recorded a Government Budget surplus equal to 2.40 percent of the countrys Gross Domestic Product in 2012. Government Budget in Republic of the Congo is reported by the CNSEE, Congo.
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