FACTOID # 8: United we stand? The United Kingdom and United States are both in the top ten for Gross Domestic Product - and for child poverty.
 
 Home   Encyclopedia   Statistics   Countries A-Z   Flags   Maps   Education   Forum   FAQ   About 
 
 
 
WHAT'S NEW
 

SEARCH ALL

FACTS & STATISTICS    Advanced view

Search encyclopedia, statistics and forums:

 

 

(* = Graphable)

 

 


Africa > Congo, Republic of the > Economy

CONGOLESE ECONOMY STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Agriculture > products
cassava, sugar, rice, corn, peanuts, vegetables, coffee, cocoa; forest products
Budget > Revenues $3,295,000,000.00 Time series [106th of 166]
Consumer price index 112.83 % Time series [109th of 165]
Current account balance -$1,491,000,000.00 Time series [134th of 181]
Debt > External $5,000,000,000.00 Time series [7th of 136]
Economy > Overview
The economy is a mixture of subsistence agriculture, an industrial sector based largely on oil, and support services, and a government characterized by budget problems and overstaffing. Oil has supplanted forestry as the mainstay of the economy, providing a major share of government revenues and exports. In the early 1980s, rapidly rising oil revenues enabled the government to finance large-scale development projects with GDP growth averaging 5% annually, one of the highest rates in Africa. The government has mortgaged a substantial portion of its oil earnings through oil-backed loans that have contributed to a growing debt burden and chronic revenue shortfalls. Economic reform efforts have been undertaken with the support of international organizations, notably the World Bank and the IMF. However, the reform program came to a halt in June 1997 when civil war erupted. Denis SASSOU-NGUESSO, who returned to power when the war ended in October 1997, publicly expressed interest in moving forward on economic reforms and privatization and in renewing cooperation with international financial institutions. Economic progress was badly hurt by slumping oil prices and the resumption of armed conflict in December 1998, which worsened the republic's budget deficit. The current administration presides over an uneasy internal peace and faces difficult economic challenges of stimulating recovery and reducing poverty. Recovery of oil prices has boosted the economy's GDP and near-term prospects. In March 2006, the World Bank and the International Monetary Fund (IMF) approved Heavily Indebted Poor Countries (HIPC) treatment for Congo.
Exchange rates
Communaute Financiere Africaine francs (XAF) per US dollar - 528.29 (2004), 581.2 (2003), 696.99 (2002), 733.04 (2001), 711.98 (2000)
Exports $5,800,000,000.00 Time series [94th of 189]
GDP $7,385,169,000.00 Time series [110th of 203]
GDP (purchasing power parity) $12,860,000,000.00 Time series [133rd of 187]
GDP > PPP $3,820,000,000.00 [145th of 163]
GDP > Real growth rate -1.6% Time series [184th of 198]
GDP growth > annual % 9.2 annual % Time series [15th of 187]
GDP per capita, PPP > current international $ 1,262.21 PPP $ Time series [139th of 169]
Gross national income > constant LCU 213155400000 Time series
Human Development Index 0.512 [144th of 178]
Imports of goods, services and income > BoP, current US$ 4,054,273,000 BoP $ Time series [98th of 156]
Inflation rate (consumer prices) 2.7% Time series [134th of 192]
Total reserves minus gold > current US$ 731,829,800 $ Time series [112nd of 178]
Tourist arrivals by region of origin > Europe 8,752 Time series [164th of 195]

... View all Economy stats

SOURCES: CIA World Factbook, 28 July 2005; All CIA World Factbooks 18 December 2003 to 18 December 2008; World Development Indicators database; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; Human Development Report 2006, United Nations Development Programme; Source: World Tourism Organization Statistics Database and Yearbook | United Nations World Tourism Organization

ALTERNATIVE NAMES: Congo, Republic of the, Republic of the Congo, Congo, Republic, Congo (Brazzaville), Republique du Congo, congo-brazzaville, Republic of Congo, Congo, Republic of, Congo, Rep. of, Congo, Rep.

Related links:

More facts and figures on Congo, Republic of the

 

COMMENTARY     


Share your thoughts, questions and commentary here
Your name
Your comments
Please enter the 5-letter protection code

Want to know more?
Search encyclopedia, statistics and forums:

 


Lesson Plans | Student Area | Student FAQ | Reviews | Press Releases |  Feeds | Contact
© Copyright NationMaster.com 2003-2009. All Rights Reserved. Usage implies agreement with terms.