The Republic of Congo's economy is disrupted by a third year of COVID-19 and flooding in the northern part of the country. It contracted by 0.2 percent in 2021, compared with a 6.2 percent contraction in 2020, as increased oil production and prices were not enough to offset the effects of the pandemic and floods. Inflation has been moderated to 2.0 percent in 2021, within the CEMAC criteria. The current account showed a surplus of 15.5 percent of GDP, after a deficit of 0.2 percent in 2020, and foreign exchange reserves strengthened from 2 months to 2.7 months of imports. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
Inthe end of 2017, the banking sector of the Central African Economic and Monetary Community (CEMAC) (Congo member of the CEMAC) represented a total asset of $14 billion.
Credit distributed to private sector in 2017 represents $ 13.4 billion.
Amounts invested by private equity represents $ 11 million.