Source: world bank Nominal/PPP
Summary:
Republic of the Congo GDP expanded from 1960 to 2024, increasing from $0.13 billion to $15.72 billion.The compound annual growth rate (CAGR) averaged 7.78% over the period. The economy recorded its peak level in 2013 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 39.59%, indicating the largest cyclical decline from peak levels. The country experienced 12 recession episode(s) during the observed period.
Republic of the Congo Economic Phases (1960–2024)
Between 1960 to 2024, Republic of the Congo experienced the following economic phases:
- High Growth (1961–1962) indicating robust economic expansion
- High Growth (1964–1969) indicating robust economic expansion
- High Growth (1971–1975) indicating robust economic expansion
- High Growth (1978–1982) indicating robust economic expansion
- High Growth (1989–1990) indicating robust economic expansion
- High Growth (1995–1996) indicating robust economic expansion
- High Growth (1999–2000) indicating robust economic expansion
- High Growth (2002–2008) indicating robust economic expansion
- High Growth (2010–2012) indicating robust economic expansion
- Crisis (2015–2016) indicating severe economic downturn
- High Growth (2017–2018) indicating robust economic expansion
- High Growth (2021–2022) indicating robust economic expansion
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 2005 with an increase of 42.797%, while the largest decline was in 1994 at -34.085%.