Source: world bank Nominal/PPP
Summary:
Central African Republic GDP Per Capita expanded from 1960 to 2024, increasing from $0.11 to $2.75 .The compound annual growth rate (CAGR) averaged 5.16% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 40.97%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.
Central African Republic Economic Phases (1960 - 2024)
From 1960 to 2024, Central African Republic economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Expansion (1962–1963) indicating steady moderate growth
- High Growth (1964–1965) indicating robust economic expansion
- Expansion (1966–1967) indicating steady moderate growth
- High Growth (1971–1973) indicating robust economic expansion
- High Growth (1975–1980) indicating robust economic expansion
- High Growth (1985–1988) indicating robust economic expansion
- Contraction (1996–1997) indicating temporary slowdown
- Expansion (1998–1999) indicating steady moderate growth
- High Growth (2002–2008) indicating robust economic expansion
- Expansion (2009–2010) indicating steady moderate growth
- High Growth (2016–2018) indicating robust economic expansion
- Expansion (2019–2020) indicating steady moderate growth
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 1985 with an increase of 35.595%, while the largest decline was in 1994 at -33.439%.