Congo is a country rich in petroleum and untapped mineral resources with significant potential in the agricultural sector. The World Bank continues to finance the country with regards to the economy, governance, small enterprises, agriculture, infrastructure among others to boost the country’s economic growth and improve living conditions.
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Country Profile - Congo Brazzaville
Population: 5.2 mn
Gross Domestic Product (GDP): $10.88 bn
GDP Growth: -7.9%
Foreign Direct Investment (% of GDP): 2.1%
Unemployment Rate: 10.4 %
Currency: Central African CFA franc
Congo Brazzaville's Economy
Congo is ranked among the top 10 of Africa’s oil producers and has significant untapped mineral resources. The country is predominantly covered by tropical forests, with an extensive amount of arable land unused, representing around one-third of its total area. Following the recession and the Covid-19 pandemic, the country contracted by 6.8% in 2020 after a 0.6% contraction in 2019. A rebound is a forecast this year and next if the pandemic is managed and the key sectors of the economy improve. Real GDP is expected to grow 1.2% in 2021 and 1.5% in 2022.
Central African Republic
Democratic Republic of Congo
Republic of Congo
Sao Tome and Principe