Source: world bank Nominal/PPP
Summary:
Central African Republic GDP Per Capita expanded from 1960 to 2024, increasing from $65.88 to $516.16 .The compound annual growth rate (CAGR) averaged 3.27% over the period. The economy recorded its peak level in 2012 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 52.57%, indicating the largest cyclical decline from peak levels. The country experienced 12 recession episode(s) during the observed period.
Central African Republic Economic Phases (1960 - 2024)
From 1960 to 2024, Central African Republic economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Expansion (1965–1967) indicating steady moderate growth
- Contraction (1969–1970) indicating temporary slowdown
- High Growth (1972–1973) indicating robust economic expansion
- High Growth (1975–1980) indicating robust economic expansion
- High Growth (1985–1987) indicating robust economic expansion
- Contraction (1991–1992) indicating temporary slowdown
- Crisis (1993–1994) indicating severe economic downturn
- Expansion (1998–1999) indicating steady moderate growth
- High Growth (2003–2004) indicating robust economic expansion
- High Growth (2006–2008) indicating robust economic expansion
- Expansion (2009–2010) indicating steady moderate growth
- High Growth (2016–2018) indicating robust economic expansion
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1985 with an increase of 33.909%, while the largest decline was in 1994 at -35.484%.