Insight into the Economy of the Republic of Congo

In addition to agriculture and subsistence hunting, the Republic of the Congo’s industrial sector heavily relies on the extraction of petroleum and support services.
Despite having a large potential for natural resources and mineral wealth, the Democratic Republic of the Congo’s economy has severely deteriorated since the 1980s; as of 2019, its gross domestic product was $48.994 billion.

The GDP shrank by 0.2% in 2021, which was less than the 6.2% contraction it saw in 2020. As a result of job losses during COVID-19, the unemployment rate was predicted to be 10.3% and the poverty rate to be 46.1% in 2020. Following a deficit of 1.7% in 2020, central government activities produced a budget surplus of 1.4% of GDP. 🇨🇩