Export to the Republic of the Congo
Economic growth has reached 5.4% in 2019, then should continue on the same trajectory at an average of 1.8% per year over 2020 and 2021. This outlook is based on the steady performance of the hydrocarbon industry and the expected increase in investment from 17.1% of GDP in 2018 to 22.7% of GDP in 2019-2021. This assumes favourable prices for petroleum and budget surpluses.
In addition, as a result of the collapse of petroleum prices, Congo-Brazzaville is anticipating a recession of -9% in 2021, while its larger neighbour, the Democratic Republic of the Congo is expecting a recession of -2,2% due to a decline in mineral exports.
Despite the progress made in economic growth, the Republic of the Congo has not been able to fully exploit its assets in natural resources to sustain a robust socioeconomic performance. Overall, the heavy reliance on hydrocarbons has blocked the development of other activities like agriculture and sylviculture.
Interested in exporting to the Congo?
Would you like to know more about the current export context, your first steps on the market, or the local business culture? Please contact our local economic and commercial attaché to receive the Congo fact sheet.
Jérôme Roux (BRU)Economic and commercial attaché | Democratic Republic of Congo - Congo Brazzaville
+ 243 815 04 82 71
EMBASSY OF BELGIUM
Building du Cinquantenaire
Place du 27 Octobre