Names: conventional long form: Republic of the Congo conventional short form: Congo (Brazzaville) local long form: Republique du Congo local short form: none former: Middle Congo, Congo/Brazzaville, Congo
Capital City: Brazzaville
Population: 3,702,314 note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality and death rates, lower population and growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2006 est.)
GDP Per Capita: $1,300 (2006 est.)
Currency: Communaute Financiere Africaine franc (XAF); note - responsible authority is the Bank of the Central African States
Languages: French (official), Lingala and Monokutuba (lingua franca trade languages), many local languages and dialects (of which Kikongo is the most widespread)
Total Area: total: 342,000 sq km land: 341,500 sq km water: 500 sq km slightly smaller than Montana
Region: Africa
Industries: petroleum extraction, cement, lumber, brewing, sugar, palm oil, soap, flour, cigarettes
Agriculture: cassava (tapioca), sugar, rice, corn, peanuts, vegetables, coffee, cocoa; forest products
Resources: petroleum, timber, potash, lead, zinc, uranium, copper, phosphates, gold, magnesium, natural gas, hydropower
Labor Force:
NA
Exports:
$5.996 billion f.o.b. (2006 est.)
petroleum, lumber, plywood, sugar, cocoa, coffee, diamonds
Imports:
$1.964 billion f.o.b. (2006 est.)
capital equipment, construction materials, foodstuffs
Overview:
The economy is a mixture of village agriculture and handicrafts, an industrial sector based largely on oil, support services, and a government characterized by budget problems and overstaffing. Oil has supplanted forestry as the mainstay of the economy, providing a major share of government revenues and exports. In the early 1980s, rapidly rising oil revenues enabled the government to finance large-scale development projects with GDP growth averaging 5% annually, one of the highest rates in Africa. The government has mortgaged a substantial portion of its oil earnings through oil-backed loans that have contributed to a growing debt burden and chronic revenue shortfalls. Economic reform efforts have been undertaken with the support of international organizations, notably the World Bank and the IMF. However, the reform program came to a halt in June 1997 when civil war erupted. Denis SASSOU-NGUESSO, who returned to power when the war ended in October 1997, publicly expressed interest in moving forward on economic reforms and privatization and in renewing cooperation with international financial institutions. Economic progress was badly hurt by slumping oil prices and the resumption of armed conflict in December 1998, which worsened the republic's budget deficit. The current administration presides over an uneasy internal peace and faces difficult economic challenges of stimulating recovery and reducing poverty. Recovery of oil prices has boosted the economy's GDP and near-term prospects. In March 2006, the World Bank and the International Monetary Fund (IMF) approved Heavily Indebted Poor Countries (HIPC) treatment for Congo.
In 2007 Missouri exported $96,538 in goods to Congo, Republic Of The. This ranks Congo, Republic Of The 123rd among the 223 international buyers of Missouri goods. Missouri exports to Congo, Republic Of The decreased from the previous year by $226,896 a change of -70.15%. State exports to Congo, Republic Of The have increased over the last 5 years by 60,158 a change of 165.36. Missouri exports account for .00%. of all 2007 US exports to Congo, Republic Of The.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 36,380 | 65,754 | 39,117 | 1,108,910 | 323,434 | 96,538 | |
| 000 - Total All Industries US | 28,126,965 | 30,607,308 | 66,860,789 | 64,448,650 | 70,719,051 | 112,907,113 | |