Republic of the Congo
Republic of the Congo: steady but modest growth, 1980–2024
Oil accounts for the bulk of the Republic of the Congo's exports and government revenue, so its growth tracks crude prices, and a debt crisis after the 2014 oil-price collapse forced it to seek IMF support. Between 1980 and 2024, Republic of the Congo's GDP per capita grew from $933 to $2,482 (current US$), a compound annual growth rate of 2.2% — steady but modest growth. Annual GDP growth averaged 3.1% with a year-to-year standard deviation of 6.4 points, reflecting considerable volatility and periodic crises. Structurally, agriculture's share of the economy moved from 11.7% to 9.4% of GDP (a classic decline as the economy industrialized/modernized), while services rose from 41.7% to 45.0% of GDP, underscoring a shift toward a services-driven economy. On human development, life expectancy rose from 56.8 to 66.0 years, while tertiary school enrollment moved from 4.2% to 10.4%, while the urban population share grew from 46.8% to 63.9%.
What this growth cost: Growth was not without cost: per-capita CO2 emissions rose from 1.00 to 1.34 tonnes CO2e per person; income inequality (Gini index) widened from 47.3 to 48.9; the poverty headcount ratio fell from 54.5% to 39.2%.
What it trades
Top exported and imported products, approximate share of total trade value.
Top exports
Top imports
Events shaping this economy
Central bank perspective
Why the charts below look the way they do, drawing on the country’s own central bank and monetary authority.