Source: world bank Nominal/PPP
Summary:
Republic of the Congo GDP Per Capita expanded from 1960 to 2024, increasing from $124.66 to $2,482.25 .The compound annual growth rate (CAGR) averaged 4.78% over the period. The economy recorded its peak level in 2012 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 46.59%, 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)
From 1960 to 2024, Republic of the Congo economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1962) indicating robust economic expansion
- Expansion (1963–1965) indicating steady moderate growth
- Expansion (1967–1970) indicating steady moderate growth
- High Growth (1971–1973) indicating robust economic expansion
- Contraction (1976–1977) indicating temporary slowdown
- High Growth (1978–1982) indicating robust economic expansion
- Crisis (1993–1994) indicating severe economic downturn
- High Growth (1995–1996) indicating robust economic expansion
- Crisis (1997–1998) indicating severe economic downturn
- High Growth (1999–2000) indicating robust economic expansion
- High Growth (2002–2006) indicating robust economic expansion
- High Growth (2010–2012) indicating robust economic expansion
- Contraction (2013–2014) indicating temporary slowdown
- Crisis (2015–2016) indicating severe economic downturn
- High Growth (2017–2018) indicating robust economic expansion
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1980 with an increase of 39.15%, while the largest decline was in 1994 at -36.009%.