Variables

Measure

Sources

Dependent variable

Real GDP rate

Variation of real GDP from one year to the next

World Economic Outlook (WEO)

Variables of interest

Inflation rate

Change in consumer price index from one year to the next

Central Bank of Congo

Public debt

Ratio of outstanding public debt to nominal GDP expressed as a %

Central Bank of Congo

International reserves

Level of international reserve cover in months of imports

Central Bank of Congo

Public deficit

Public deficit as a % of nominal GDP

Central Bank of Congo

Control variables

Foreign Direct Investment

Foreign direct investment as a percentage of GDP

World Economic Outlook (WEO)

Demographic growth rate

Variation in population size from one year to the next

World Economic Outlook (WEO)

Trade openness

Total of exports and imports over GDP

Central Bank of Congo