The Gross Domestic Product (GDP) in Congo expanded 4.63 percent in 2019 from the previous year.

GDP Annual Growth Rate in Congo averaged 1.14 percent from 1960 until 2019, reaching an all time high of 9.70 percent in 1970 and a record low of -26.10 percent in 1961. This page provides - Congo GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Congo GDP Annual Growth Rate - values, historical data and charts - was last updated on October of 2020.

GDP Annual Growth Rate in Congo is expected to reach -9.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Congo GDP Annual Growth Rate is projected to trend around 2.80 percent in 2021 and 3.60 percent in 2022, according to our econometric models.

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Congo GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.63 5.82 9.70 -26.10 1960 - 2019 percent Yearly

Congo GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 4.63 5.82 9.70 -26.10 percent [+]
GDP 47.32 46.83 47.32 2.88 USD Billion [+]
GDP per capita 423.60 419.00 1134.30 276.10 USD [+]
GDP per capita PPP 1097.90 1085.90 1819.70 715.50 USD [+]

Congo GDP Annual Growth Rate
Although abundant in natural resources, The Democratic Republic of Congo (DR Congo) has one of the lowest GDP per capita in the world. Decades of civil war and systemic corruption has left 70 percent of population living under poverty line. The growing mining industry, oil production and overseas financial aid are the main sources of revenue for the Congolese government.