Source: world bank Nominal/PPP
Summary:
Republic of the Congo GDP Per Capita expanded from 1960 to 2024, increasing from $0.13 to $15.72 .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)
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
- 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%.