
Republic of the Congo: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Republic of the Congo |
Trade balance as percent of GDP |
|---|---|
| Latest value | 12.37 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1960 - 2024 |
| Average | -1.22 |
| Min - Max | -65.15 - 36.68 |
| Source | The World Bank |
The latest value from 2024 is 12.37 percent, a decline from 17.58 percent in 2023. In comparison, the world average is -3.07 percent, based on data from 134 countries. Historically, the average for the Republic of the Congo from 1960 to 2024 is -1.22 percent. The minimum value, -65.15 percent, was reached in 1960 while the maximum of 36.68 percent was recorded in 2000.
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* indicates monthly or quarterly data series
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The trade balance for the Republic of the Congo and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 113.70 | 2023 | percent |
| Trade openness | 93.19 | 2024 | percent |
| Financial openness | -1.248 | 2022 | index points |
| Exports, percent of GDP | 52.78 | 2024 | percent |
| Exports, billion dollars | 8.30 | 2024 | billion U.S. dollars |
| Growth of exports | -0.49 | 2024 | percent |
| Imports, percent of GDP | 40.41 | 2024 | percent |
| Imports, billion dollars | 6.35 | 2024 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 4.09 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.60 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | 31.82 | 2020 | million dollars (current) |
| Current account, percent of GDP | 3.50 | 2023 | percent |
| Current account, in dollars | 1.72 | 2021 | billion U.S. dollars |
| Trade balance, percent of GDP | 12.37 | 2024 | percent |
| Trade balance, in dollars | 3.26 | 2021 | billion U.S. dollars |
| Reserves | 0.72 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 0.02 | 2023 | percent |
| Remittances | 43.96 | 2023 | million U.S. dollars |
| Net errors and omissions | -383.56 | 2021 | million USD |
| External debt | 53.48 | 2023 | percent |
| Short-term external debt | 2.54 | 2023 | percent |
| Short-term debt to reserves | 27.57 | 2023 | percent |