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.
Africa HR Solutions offers comprehensive employment outsourcing solutions to help you establish your company in Congo Brazzaville. Our range of services include Professional Employer Organisation (PEO), Employer of Record, payroll outsourcing, and other HR related services to facilitate your expansion in Congo Brazzaville, even if you do not have a registered in-country entity yet.
Country Profile - Congo Brazzaville
Population: 5.2 mn
Gross Domestic Product (GDP): $10.88 bn
GDP Growth: -7.9%
Inflation: 6.23%
Foreign Direct Investment (% of GDP): 2.1%
Unemployment Rate: 10.4 %
Capital: Brazzaville
Currency: Central African CFA franc
Languages: French
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.
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