Analysis of the current state of the national economy of the Republic of the Congo (Brazzaville)

Лойко, Валерія Вікторовна and Мбан, Принси Жултранд Стефани (2020) Analysis of the current state of the national economy of the Republic of the Congo (Brazzaville) Бізнес-навігатор (3(59)). pp. 42-46. ISSN 2522-4751 (PRINT) 2707-6172 (ONLINE)

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Abstract

The article examines the current state and dynamics of development of the national economy of the Republic of Congo (capital Brazzaville). Global economic activity has declined in almost every country in the world. In Africa, economic growth has slowed due to less favorable economic conditions caused by falling prices for oil and metals and the continuing tense political environment in individual countries. The study of the current state of the national economy of the Republic of the Congo requires a study of development trends and structural changes in order to provide scientifically based recommendations for the development of the country's economy in terms of ensuring its economic security. The dynamics of changes in the main indicators of economic development in the Republic of the Congo is analyzed. The conclusion is made about the slowdown in the growth rate of GDP in value terms for the studied period of 2014-2018. by 15.87%. Based on the results of the analysis of the dynamics of changes in the volume of GDP in value terms by sectors of the national economy, it was concluded that the development of the secondary sector decreased by 27.50%. This significant decline was caused by a drop in hydrocarbon production over the same period of time by 9.36%, which was caused by a drop in world oil prices by 25.94%. A slowdown in the development of certain industries in other sectors of the economy was revealed: "animal husbandry and hunting" by 19.47%, "post and telecommunications" by 79.42%, "transport and vehicles" by 17.33%, "public administration activities" by 32.49%, "education" by 13.27%, "health and social activity" by 36.24%. It has been established that the greatest influence on the volume of the country's GDP has the extraction of hydrocarbons, which is 95% of exports. There was a positive trend in export-import operations, in favor of an increase in exports by 14.72%. It was found that negative changes occurred in the economy of households in the Republic of Congo during the period under study: a drop in income after mass layoffs in the private sector and an increase in final consumption expenditures. In order to increase the level of economic security of the country's national economy, it was recommended to expand the country's export items from the raw materials spectrum to oil refined products, expand the names of agricultural products, improve and develop infrastructure.

Item Type: Article
Additional Information: Науково-метричні бази: Index Copernicus, Google Академія
Uncontrolled Keywords: Republic of the Congo; Brazzaville; national economy; sector; GDP; exports; imports; households; analysis; economic security; development prospects
Subjects: Статті у наукометричних базах > Index Copernicus
Articles in journals > Фахові (входять до переліку фахових, затверджений МОН)
Divisions: Факультети > Факультет інформаційних технологій та управління > Кафедра фінансів та економіки
Depositing User: Валерія Вікторівна Лойко
Date Deposited: 16 Sep 2020 11:17
Last Modified: 16 Sep 2020 11:17
URI: http://elibrary.kubg.edu.ua/id/eprint/31767

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