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Congo, People's Republic of

Congo, People's Republic of : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$4.917 billion (2011 est.)
$3.186 billion (2010 est.)

Exports

$12.38 billion (2011 est.)
$9.621 billion (2010 est.)

Inflation rate (consumer prices)

6% (2011 est.)
5% (2010 est.)

Unemployment rate

NA%

GDP - per capita (PPP)

$4,600 (2011 est.)
$4,600 (2010 est.)
$4,300 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

10.5% (2010 est.)
7.6% (2009 est.)
5.6% (2008 est.)

Internet users

245,200 (2009)

Telephones - mobile cellular

3.799 million (2009)

Population growth rate

2.849% (2012 est.)

Population

4,366,266 (July 2012 est.)
note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected

Historical background

Upon independence in 1960, the former French region of Middle Congo became the Republic of the Congo.

A quarter century of experimentation with Marxism was abandoned in 1990 and a democratically elected government took office in 1992.

A brief civil war in 1997 restored former Marxist President Denis SASSOU-Nguesso, and ushered in a period of ethnic and political unrest.

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Congo, People's Republic of

Economic overview

The economy is a mixture of subsistence agriculture, an industrial sector based largely on oil and support services, and government spending.

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.

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