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%.
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.
Central African Republic GDP from 1980 to 2024
The total market value of goods and services produced annually in Central African Republic.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 714M | $ 313.37 | $ 441.22 | $ 1B 6M | -2.995 % | -6.028 % | −2.84 % | 0 % | 2M 279K people |
1981 | $ 743M | $ 316.50 | $ 529.49 | $ 1B 243M | 12.954 % | -0.562 % | 5.18 % | 0 % | 2M 348K people |
1982 | $ 719M | $ 298.75 | $ 528.79 | $ 1B 273M | -3.572 % | -5.929 % | −7.39 % | 0 % | 2M 407K people |
1983 | $ 690M | $ 279.72 | $ 503.99 | $ 1B 243M | -6.027 % | -4.248 % | −1.01 % | 0 % | 2M 467K people |
1984 | $ 670M | $ 265.44 | $ 560.49 | $ 1B 416M | 9.912 % | -4.989 % | 0.55 % | 0 % | 2M 526K people |
1985 | $ 883M | $ 340.23 | $ 583.83 | $ 1B 515M | 3.733 % | -5.507 % | 9.78 % | 0 % | 2M 595K people |
1986 | $ 1B 158M | $ 431.34 | $ 617.17 | $ 1B 657M | 7.193 % | -7.472 % | 12.69 % | 0 % | 2M 684K people |
1987 | $ 1B 275M | $ 465.18 | $ 619.43 | $ 1B 698M | 0 % | -5.759 % | 6.67 % | 0 % | 2M 741K people |
1988 | $ 1B 372M | $ 490.94 | $ 639.58 | $ 1B 788M | 1.718 % | -2.522 % | 7.26 % | -2.075 % | 2M 795K people |
1989 | $ 1B 354M | $ 474.88 | $ 676.20 | $ 1B 928M | 3.79 % | -2.468 % | 9.27 % | -2.026 % | 2M 852K people |
1990 | $ 1B 572M | $ 539.66 | $ 696.13 | $ 2B 28M | 1.364 % | -5.67 % | 8.43 % | -5.57 % | 2M 913K people |
1991 | $ 1B 498M | $ 502.90 | $ 697.93 | $ 2B 80M | -0.799 % | -4.122 % | 7.81 % | -6.912 % | 2M 980K people |
1992 | $ 1B 494M | $ 489.79 | $ 662.85 | $ 2B 21M | -4.923 % | -4.786 % | −0.21 % | -5.981 % | 3M 51K people |
1993 | $ 1B 309M | $ 418.92 | $ 654.48 | $ 2B 45M | -1.198 % | -0.488 % | 4.44 % | -4.237 % | 3M 125K people |
1994 | $ 858M | $ 268.11 | $ 734.75 | $ 2B 352M | 12.572 % | -2.757 % | 9.44 % | -5.224 % | 3M 201K people |
1995 | $ 1B 117M | $ 340.99 | $ 756.17 | $ 2B 477M | 3.166 % | -8.306 % | 6.76 % | -2.577 % | 3M 276K people |
1996 | $ 1B | $ 298.44 | $ 706.51 | $ 2B 367M | -6.157 % | -3.336 % | 2.55 % | 0.942 % | 3M 350K people |
1997 | $ 979M | $ 285.80 | $ 731.94 | $ 2B 507M | 4.105 % | -2.522 % | 4.80 % | -0.185 % | 3M 425K people |
1998 | $ 1B 36M | $ 296.10 | $ 748.84 | $ 2B 620M | 3.34 % | -6.089 % | 5.04 % | 1.365 % | 3M 498K people |
1999 | $ 1B 38M | $ 290.99 | $ 765.73 | $ 2B 733M | 2.887 % | -1.72 % | 10.01 % | 0.948 % | 3M 570K people |
