Sunday, July 10, 2011

50 years after the independence…



During the last 50 years the Congolese GDP (adjusted for inflation) has grown at a meager CAGR of 0.5% per year reaching its highest level in 1988 with a GDP of USD 8.3bln before a free fall to USD 4.2bln in 2001. However, since 2001, we have registered an increase in the country general production as shown in the graph below but only stands at 76% of its 1988 level.


















Sources: World Bank

It is worth noting that despites this relative improvement, the GDP per capita (adjusted for inflation) remains one of the lowest in the world at USD 97 per inhabitant!!! More than 3 times lower than the figure of 1960!!! This can be explained by the fact that the population has grown at a far higher rate than the GDP. 












Sources: World Bank

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