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.
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 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.
Congo is the 63rd largest country in the world as regards the land area
The economy relies on a diverse range of sectors, including agriculture, handicrafts, petroleum, and support services
The petroleum industry (oil) accounts for an estimated 70% of GDP, 85% of government revenue, and 90% of exports
There is huge scope for the development of the agricultural industry, with the palm oil industry being developed
The country boasts a tropical climate with high temperatures and humidity
New Year’s Day
Commemoration of the National Conference
All Saints Day
Congolese Republic Day
Employment contracts can be in both verbal or written formats in Congo, though many employees prefer a written agreement that outlines all details about their salaries, compensation, leaves, and termination information. All details regarding remuneration should be mentioned in Congolese francs. Africa HR Solutions is the go-to partner and ensures a comprehensive HR outsourcing offering in line with your business objectives and international expansion strategy.
Central African Republic
Democratic Republic of Congo
Republic of Congo
Sao Tome and Principe