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Republic of the Congo

République du Congo

Last updated: 2026-03-28 (today)

Budget

note

note: central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated

revenues

$2.393 billion (2020 est.)

expenditures

$3.231 billion (2020 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2019

$7.855 billion (2019 est.)

Exports 2020

$4.67 billion (2020 est.)

Exports 2021

$7.752 billion (2021 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2019

$4.945 billion (2019 est.)

Imports 2020

$3.279 billion (2020 est.)

Imports 2021

$4.487 billion (2021 est.)

Industries

petroleum extraction, cement, lumber, brewing, sugar, palm oil, soap, flour, cigarettes

Labor force

2.563 million (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

Public debt 2016

128.7% of GDP (2016 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2021

0.3% of GDP (2021 est.)

Remittances 2022

0.3% of GDP (2022 est.)

Remittances 2023

0.3% of GDP (2023 est.)

Exchange rates

Currency

Cooperation Financiere en Afrique Centrale francs (XAF) per US dollar -

Exchange rates 2020

575.586 (2020 est.)

Exchange rates 2021

554.531 (2021 est.)

Exchange rates 2022

623.76 (2022 est.)

Exchange rates 2023

606.57 (2023 est.)

Exchange rates 2024

606.345 (2024 est.)

Debt - external

note

note: present value of external debt in current US dollars

Debt - external 2023

$6.36 billion (2023 est.)

Economic overview

primarily an oil- and natural resources-based economy; recovery from mid-2010s oil devaluation has been slow and curtailed by COVID-19; extreme poverty increasing, particularly in southern rural regions; attempting to implement recommended CEMAC reforms; increasing likelihood of debt default

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

20.2% (2022 est.)

Unemployment rate 2023

19.9% (2023 est.)

Unemployment rate 2024

19.7% (2024 est.)

Exports - partners

China 46%, UAE 23%, India 6%, Saudi Arabia 5%, Portugal 3% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

China 24%, Angola 20%, Gabon 9%, France 6%, UAE 5% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$6,200 (2022 est.)

Real GDP per capita 2023

$6,200 (2023 est.)

Real GDP per capita 2024

$6,200 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

1.5% (2022 est.)

Real GDP growth rate 2023

1.9% (2023 est.)

Real GDP growth rate 2024

2.6% (2024 est.)

Agricultural products

cassava, sugarcane, oil palm fruit, bananas, plantains, root vegetables, game meat, vegetables, mangoes/guavas, fruits (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

crude petroleum, refined copper, gold, wood, refined petroleum (2023)

note: top five export commodities based on value in dollars

Imports - commodities

ships, poultry, garments, iron pipes, refined petroleum (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2019

$1.632 billion (2019 est.)

Current account balance 2020

$1.441 billion (2020 est.)

Current account balance 2021

$1.716 billion (2021 est.)

Taxes and other revenues

6.5% (of GDP) (2021 est.)

note: central government tax revenue as a % of GDP

GDP (official exchange rate)

$15.72 billion (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

47.4% (2024 est.)

government consumption

13.4% (2024 est.)

investment in inventories

0.3% (2024 est.)

investment in fixed capital

26.5% (2024 est.)

exports of goods and services

52.8% (2024 est.)

imports of goods and services

-40.4% (2024 est.)

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2022

3% (2022 est.)

Inflation rate (consumer prices) 2023

4.3% (2023 est.)

Inflation rate (consumer prices) 2024

3.1% (2024 est.)

Industrial production growth rate

0.3% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$37.448 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$38.163 billion (2023 est.)

Real GDP (purchasing power parity) 2024

$39.147 billion (2024 est.)

Youth unemployment rate (ages 15-24)

male

41% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

40% (2024 est.)

female

39% (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2021

$828.56 million (2021 est.)

Reserves of foreign exchange and gold 2022

$835.649 million (2022 est.)

Reserves of foreign exchange and gold 2023

$715.391 million (2023 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

40.1% (2024 est.)

services

45% (2024 est.)

agriculture

9.4% (2024 est.)