Central African Republic's GDP changed from approximately $714M in 1980 to $2B 810M in 2024, showing an overall 293.6% sharply increased during the period.
The lowest GDP was recorded in 1984 at $670M, and the highest in 2024 at $2B 810M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 3.2%.
For comparison, the average annual growth rate of Chad was 6.9%, and that of Democratic Republic of the Congo was 0.2%.
Central African Republic GDP from 1980 to 2024
The total market value of goods and services produced annually in Central African Republic.
Overview of Central African Republic's GDP (1980–2024)
The Gross Domestic Product (GDP) of Central African Republic recorded a 293.6% sharply increased from 1980 to 2024.
The average GDP during this period was $1B 538M, and the median was $1B 413M.
GDP fluctuated within a range of $2B 140M, with a standard deviation of $623M 698K.
The average annual change was $40M 774K.
Highest and Lowest GDP Records
- Lowest GDP: 1984, $670M
- Highest GDP: 2024, $2B 810M
- Most Recent GDP: 2024, $2B 810M
Notable Annual GDP Changes
- 2011: Significant increase in GDP
- 2013: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Central African Republic's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $2B 278M → $2B 388M
- Outcome: increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $1B 755M → $2B 59M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $868M → $899M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $979M → $1B 36M
- Outcome: increased
Key Economic Indicators of Central African Republic (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | -2.995 % | $ 714M | $ 1B 6M | $ 313.37 | $ 441.22 | −2.84 % | 2M 279K people | -6.028 % | 0 % |
1981 | 12.954 % | $ 743M | $ 1B 243M | $ 316.50 | $ 529.49 | 5.18 % | 2M 348K people | -0.562 % | 0 % |
1982 | -3.572 % | $ 719M | $ 1B 273M | $ 298.75 | $ 528.79 | −7.39 % | 2M 407K people | -5.929 % | 0 % |
1983 | -6.027 % | $ 690M | $ 1B 243M | $ 279.72 | $ 503.99 | −1.01 % | 2M 467K people | -4.248 % | 0 % |
1984 | 9.912 % | $ 670M | $ 1B 416M | $ 265.44 | $ 560.49 | 0.55 % | 2M 526K people | -4.989 % | 0 % |
1985 | 3.733 % | $ 883M | $ 1B 515M | $ 340.23 | $ 583.83 | 9.78 % | 2M 595K people | -5.507 % | 0 % |
1986 | 7.193 % | $ 1B 158M | $ 1B 657M | $ 431.34 | $ 617.17 | 12.69 % | 2M 684K people | -7.472 % | 0 % |
1987 | 0 % | $ 1B 275M | $ 1B 698M | $ 465.18 | $ 619.43 | 6.67 % | 2M 741K people | -5.759 % | 0 % |
1988 | 1.718 % | $ 1B 372M | $ 1B 788M | $ 490.94 | $ 639.58 | 7.26 % | 2M 795K people | -2.522 % | -2.075 % |
1989 | 3.79 % | $ 1B 354M | $ 1B 928M | $ 474.88 | $ 676.20 | 9.27 % | 2M 852K people | -2.468 % | -2.026 % |
1990 | 1.364 % | $ 1B 572M | $ 2B 28M | $ 539.66 | $ 696.13 | 8.43 % | 2M 913K people | -5.67 % | -5.57 % |
1991 | -0.799 % | $ 1B 498M | $ 2B 80M | $ 502.90 | $ 697.93 | 7.81 % | 2M 980K people | -4.122 % | -6.912 % |
1992 | -4.923 % | $ 1B 494M | $ 2B 21M | $ 489.79 | $ 662.85 | −0.21 % | 3M 51K people | -4.786 % | -5.981 % |
1993 | -1.198 % | $ 1B 309M | $ 2B 45M | $ 418.92 | $ 654.48 | 4.44 % | 3M 125K people | -0.488 % | -4.237 % |
1994 | 12.572 % | $ 858M | $ 2B 352M | $ 268.11 | $ 734.75 | 9.44 % | 3M 201K people | -2.757 % | -5.224 % |
1995 | 3.166 % | $ 1B 117M | $ 2B 477M | $ 340.99 | $ 756.17 | 6.76 % | 3M 276K people | -8.306 % | -2.577 % |
1996 | -6.157 % | $ 1B | $ 2B 367M | $ 298.44 | $ 706.51 | 2.55 % | 3M 350K people | -3.336 % | 0.942 % |
1997 | 4.105 % | $ 979M | $ 2B 507M | $ 285.80 | $ 731.94 | 4.80 % | 3M 425K people | -2.522 % | -0.185 % |
1998 | 3.34 % | $ 1B 36M | $ 2B 620M | $ 296.10 | $ 748.84 | 5.04 % | 3M 498K people | -6.089 % | 1.365 % |
1999 | 2.887 % | $ 1B 38M | $ 2B 733M | $ 290.99 | $ 765.73 | 10.01 % | 3M 570K people | -1.72 % | 0.948 % |