The Economy of the Republic of Congo

Ready to trade cryptocurrencies? Click on https://changehero.io/ and start trading today with one of the most user-friendly interfaces in the market. Due to its geographic position, the Republic of Congo benefits from two climate, a rainy season and a dry season, and possesses several natural resources such as: petroleum, timber, potash, lead, zinc, uranium, copper, phosphates, natural gas, hydropower.

Being the forth largest oil producer of the South Saharan Africa, the Republic of Congo's economy is based primarily on its petroleum sector, which is the country major revenue earner. Following the recent fields discovery and oil field currently under development, Congo's oil production is expected to continue to rise significantly in the next few years.

The Republic of Congo can also count on its abundant rain forest to provide another source of revenue, timber. Forestry use to lead Congo exports revenue before the discovery of oil, and continue to generate about 10% of exports revenues.