Republic of Congo reports fiscal surplus and agricultural growth

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Lagos – The Republic of Congo achieved a fiscal surplus of 4.2% of GDP in 2023, reflecting strong economic management and steady non-oil sector growth. Agricultural production rose by 5.7%, driven by public investments and increased access to credit, further bolstering the country’s economic outlook.

Government officials credit stable fiscal policies and a shift towards diversifying the economy for the positive performance. With agriculture playing a key role in this transition, new public and private investments are being funneled into farming, alongside expanded credit programs aimed at supporting smallholders and agribusinesses.

The fiscal surplus and agricultural expansion have fueled optimism for sustained growth in the coming years. Authorities are confident that continued focus on non-oil sectors will enhance economic resilience, create jobs, and improve food security, positioning the Republic of Congo for long-term stability and prosperity.