Compare Congo, Republic of the (2008) - Congo, Republic of the (2007)

Compare Congo, Republic of the (2008) z Congo, Republic of the (2007)

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	Congo, Republic of the (2008)	Congo, Republic of the (2007)

Budget	revenues: $3.639 billion expenditures: $2.104 billion (2007 est.)	revenues: $3.522 billion expenditures: $1.932 billion (2006 est.)
Diplomatic representation from the US	chief of mission: Ambassador Robert WEISBERG embassy: BDEAC Building, 4th Floor, Brazzaville mailing address: NA telephone: [242] 81-1480 FAX:: [243] 81-5324	chief of mission: Ambassador Robert WEISBERG embassy: NA mailing address: NA telephone: [243] (88) 43608 note: the embassy is temporarily collocated with the US Embassy in the Democratic Republic of the Congo (US Embassy Kinshasa, 310 Avenue des Aviateurs, Kinshasa)
Economy - overview	The economy is a mixture of subsistance agriculture, an industrial sector based largely on oil, and support services, and a government characterized by budget problems and overstaffing. Oil has supplanted forestry as the mainstay of the economy, providing a major share of government revenues and exports. In the early 1980s, rapidly rising oil revenues enabled the government to finance large-scale development projects with GDP growth averaging 5% annually, one of the highest rates in Africa. The government has mortgaged a substantial portion of its oil earnings through oil-backed loans that have contributed to a growing debt burden and chronic revenue shortfalls. Economic reform efforts have been undertaken with the support of international organizations, notably the World Bank and the IMF. However, the reform program came to a halt in June 1997 when civil war erupted. Denis SASSOU-NGUESSO, who returned to power when the war ended in October 1997, publicly expressed interest in moving forward on economic reforms and privatization and in renewing cooperation with international financial institutions. Economic progress was badly hurt by slumping oil prices and the resumption of armed conflict in December 1998, which worsened the republic's budget deficit. The current administration presides over an uneasy internal peace and faces difficult economic challenges of stimulating recovery and reducing poverty. Recovery of oil prices has boosted the economy's GDP and near-term prospects. In March 2006, the World Bank and the International Monetary Fund (IMF) approved Heavily Indebted Poor Countries (HIPC) treatment for Congo.	The economy is a mixture of village agriculture and handicrafts, an industrial sector based largely on oil, support services, and a government characterized by budget problems and overstaffing. Oil has supplanted forestry as the mainstay of the economy, providing a major share of government revenues and exports. In the early 1980s, rapidly rising oil revenues enabled the government to finance large-scale development projects with GDP growth averaging 5% annually, one of the highest rates in Africa. The government has mortgaged a substantial portion of its oil earnings through oil-backed loans that have contributed to a growing debt burden and chronic revenue shortfalls. Economic reform efforts have been undertaken with the support of international organizations, notably the World Bank and the IMF. However, the reform program came to a halt in June 1997 when civil war erupted. Denis SASSOU-NGUESSO, who returned to power when the war ended in October 1997, publicly expressed interest in moving forward on economic reforms and privatization and in renewing cooperation with international financial institutions. Economic progress was badly hurt by slumping oil prices and the resumption of armed conflict in December 1998, which worsened the republic's budget deficit. The current administration presides over an uneasy internal peace and faces difficult economic challenges of stimulating recovery and reducing poverty. Recovery of oil prices has boosted the economy's GDP and near-term prospects. In March 2006, the World Bank and the International Monetary Fund (IMF) approved Heavily Indebted Poor Countries (HIPC) treatment for Congo.
Exchange rates	Communaute Financiere Africaine francs (XAF) per US dollar - 483.6 (2007), 522.59 (2006), 527.47 (2005), 528.29 (2004), 581.2 (2003)	Communaute Financiere Africaine francs (XAF) per US dollar - 522.59 (2006), 527.47 (2005), 528.29 (2004), 581.2 (2003), 696.99 (2002)
Executive branch	chief of state: President Denis SASSOU-NGUESSO (since 25 October 1997, following the civil war in which he toppled elected president Pascal LISSOUBA); head of government: Prime Minister Isidore MVOUBA (since 7 January 2005) cabinet: Council of Ministers appointed by the president elections: president elected by popular vote for a seven-year term (eligible for a second term); election last held 10 March 2002 (next to be held in 2009) election results: Denis SASSOU-NGUESSO reelected president; percent of vote - Denis SASSOU-NGUESSO 89.4%, Joseph Kignoumbi Kia MBOUNGOU 2.7%	chief of state: President Denis SASSOU-NGUESSO (since 25 October 1997, following the civil war in which he toppled elected president Pascal LISSOUBA); note - the president is both the chief of state and head of government head of government: President Denis SASSOU-NGUESSO (since 25 October 1997, following the civil war in which he toppled elected president Pascal LISSOUBA) cabinet: Council of Ministers appointed by the president elections: president elected by popular vote for a seven-year term (eligible for a second term); election last held 10 March 2002 (next to be held in 2009) election results: Denis SASSOU-NGUESSO reelected president; percent of vote - Denis SASSOU-NGUESSO 89.4%, Joseph Kignoumbi Kia MBOUNGOU 2.7%
Exports	20,750 bbl/day (2004)	NA bbl/day
Flag description	divided diagonally from the lower hoist side by a yellow band; the upper triangle (hoist side) is green and the lower triangle is red note: uses the popular pan-African colors of Ethiopia	divided diagonally from the lower hoist side by a yellow band; the upper triangle (hoist side) is green and the lower triangle is red; uses the popular pan-African colors of Ethiopia
GDP - real growth rate	2.8% (2007 est.)	6.1% (2006 est.)
Imports	11,410 bbl/day (2004)	NA bbl/day
Imports - partners	France 23.5%, China 13.2%, US 7.6%, India 7%, Italy 5.6%, Belgium 5.3% (2006)	France 21.7%, China 12.1%, Zimbabwe 8.3%, US 6.9%, India 6.4%, Italy 5.1%, Belgium 4.8% (2006)
Industrial production growth rate	-1% (2007 est.)	0% (2002 est.)
Inflation rate (consumer prices)	7% (2007 est.)	5.5% (2006 est.)
International organization participation	ACCT, ACP, AfDB, AU, BDEAC, CEMAC, FAO, FZ, G-77, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ITSO, ITU, ITUC, MIGA, NAM, OIF, OPCW, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO	ACCT, ACP, AfDB, AU, BDEAC, CEMAC, FAO, FZ, G-77, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ITSO, ITU, ITUC, MIGA, NAM, OIF, OPCW (signatory), UN, UN Security Council (temporary), UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
Military branches	Congolese Armed Forces (Forces Armees Congolaises, FAC): Army, Navy, Congolese Air Force (Armee de l'Air Congolaise), Gendarmerie, Special Presidential Security Guard (GSSP) (2008)	Congolese Armed Forces (Forces Armees Congolaises, FAC): Army, Navy, Congolese Air Force (Armee de l'Air Congolaise), Gendarmerie, Republican Guard (2007)
Pipelines	gas 89 km; liquid petroleum gas 4 km; oil 758 km (2007)	gas 89 km; liquid petroleum gas 4 km; oil 744 km (2006)

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