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 |