Nominal GDP $67.512B, Per capita GDP $675.48, Population 102,262,808, Debt to GDP 58.2%. Inflation 38.15%, Unemployment 4.5%, Labor force participation men 69% women 62.7%, Land area 905,600 sq miles, Arable land 6%, Urban 45.64% Rural 54.36%, Exports $28.2B Imports $11B Trade Surplus $18.2B
Exports increased by $15.2B from $13.3B in 2017 to $28.5B in 2022. $69.474 billion (nominal, 2023 est.).
Exports include petroleum, which accounts for the vast majority of its export earnings; wood and wood products, including logs and sawn timber, are also notable exports.
Imports include machinery and transport equipment, food and live animals, and basic manufactures.
The principal crops are cassava, yams, plantains, rice, and maize. The country is not drought-prone but is handicapped by a poor internal transportation system, which impedes the development of an effective national urban food-supply system.
The Congo is the world's largest producer of cobalt ore, and a major producer of copper and industrial diamonds. The Congo has 70% of the world's coltan, and more than 30% of the world's diamond reserves., mostly in the form of small, industrial diamonds.
Agriculture is the
mainstay of the economy, accounting for 57.9% of the GDP in 1997. Main
cash crops include coffee, palm oil, rubber, cotton, sugar, tea, and cocoa.
Food crops include cassava, plantains, maize, groundnuts, and rice.
In 1996, agriculture employed 66% of the work force. Forests cover 60 percent of the total land area.
Upon
gaining its independence from France in 1960, Congo followed a Communist form of government until 1990; a
Democratic government was established in 1992. In 1997 a civil war broke out,
returning the Marxist president Denis Sassou-Nguesso to power; however the
country still operates as a republic.
Norb Leahy, Dunwoody GA Tea Party Leader
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