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)
As a member of the Economic and Monetary Community of Central Africa (CEMAC), Congo is a member of the Central African Securities Exchange (BVMAC), a stock exchange common to all six (6) countries of the union. At the end of December 2022, BVMAC had six listed companies with a market capitalization of $0.1 billion. Foreign direct investment flows to Congo recorded declines during the 2017-2019 periods. In 2020, they grew by 19% and then fell by 8% in 2021, for total flows of $3,690.8 million.
