Republic of the Congo projects 6.9% economic growth by 2027

The Republic of the Congo is projecting significant economic acceleration, with growth expected to reach 6.9% in 2027, up from a forecasted 5.5% in 2026. This government projection stands in contrast to the International Monetary Fund’s more conservative estimate of 3.2%.

Growth is expected to be driven by a dual impulse from the oil and non-oil sectors. The oil sector is projected to expand by 8% in 2027, supported by the ramp-up of the Moho Nord and Banga Kayo fields, the Moho Infills project, and production efforts by Perenco at mature fields. Major investments from TotalEnergies and Eni are also cited as key drivers.

To achieve long-term resilience, the government is focusing on diversifying the economy through the National Development Plan 2022-2026. The non-oil sector is projected to grow by 5.4% in 2027, with notable expansions expected in agriculture (6.7%), the secondary sector (8.1%), and services (6.1%). Specific areas of growth include food processing, construction, telecommunications, and banking. However, the outlook remains subject to oil price volatility, inflation, and the effectiveness of economic reforms.