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Economy of Congo vs Thailand compared: GDP & Debt

Updated on by Georank team

The Congo has a GDP of $15.7B compared to $526B for Thailand, ranking 141/197 and 30/197 by economy size, respectively.

The Congo has $15B in government debt (91.4% of GDP), compared to $333B (64.5% of GDP) in Thailand.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Congo
GDP, current $

GDP, constant 2015 $
Thailand
GDP, current $

GDP, constant 2015 $
Year GDP
Congo Thailand
Current $ Constant $ Current $ Constant $
1960 $131,731,863 $1,260,529,281 $2,760,750,861 $15,908,737,340
1961 $151,675,739 $1,365,792,637 $3,034,037,811 $16,761,787,111
1962 $166,521,240 $1,436,845,387 $3,308,912,797 $18,028,015,160
1963 $172,233,431 $1,378,950,570 $3,540,403,457 $19,470,225,867
1964 $185,693,725 $1,431,582,304 $3,889,129,942 $20,800,236,245
1965 $198,318,064 $1,484,213,966 $4,388,937,649 $22,502,041,173
1966 $220,613,582 $1,504,384,173 $5,279,230,817 $25,004,834,864
1967 $237,397,428 $1,536,221,035 $5,638,461,442 $27,159,247,019
1968 $251,247,458 $1,653,455,074 $6,081,009,428 $29,365,194,461
1969 $265,040,036 $1,778,266,547 $6,695,336,567 $31,288,808,475
1970 $274,960,700 $1,891,337,095 $7,086,538,438 $34,858,219,809
1971 $322,128,019 $2,037,973,138 $7,375,000,024 $36,564,659,955
1972 $410,669,264 $2,213,596,510 $8,177,873,151 $38,129,081,871
1973 $541,973,363 $2,395,801,821 $10,838,587,358 $42,032,139,795
1974 $585,364,634 $2,584,723,272 $13,702,998,512 $43,909,401,662
1975 $767,102,680 $2,784,563,655 $14,882,770,594 $46,091,876,858
1976 $754,549,601 $2,810,078,243 $16,985,208,648 $50,390,779,136
1977 $765,224,029 $2,558,479,911 $19,779,312,261 $55,350,976,955
1978 $878,771,772 $2,721,192,761 $24,006,566,637 $61,049,773,247
1979 $1,198,749,667 $2,988,229,522 $27,371,650,825 $64,329,224,522
1980 $1,705,796,853 $3,515,251,773 $32,353,514,989 $67,657,323,331
1981 $1,993,512,323 $4,134,629,380 $34,846,039,194 $71,653,751,952
1982 $2,160,640,565 $5,110,306,815 $36,589,772,404 $75,488,910,650
1983 $2,097,274,290 $5,409,462,277 $40,042,798,388 $79,704,364,262
1984 $2,193,581,365 $5,786,833,455 $41,797,647,776 $84,289,302,224
1985 $2,160,872,540 $5,718,221,236 $38,900,711,333 $88,206,428,693
1986 $1,849,268,212 $5,325,863,974 $43,096,773,981 $93,087,620,536
1987 $2,297,753,652 $5,335,949,917 $50,535,446,555 $101,948,580,889
1988 $2,212,536,312 $5,430,196,849 $61,667,253,471 $115,495,624,612
1989 $2,389,593,026 $5,571,375,261 $72,250,748,100 $129,575,125,644
1990 $2,798,746,050 $5,627,089,213 $85,343,190,719 $144,044,991,708
1991 $2,724,853,506 $5,761,878,676 $98,234,714,971 $156,372,737,079
1992 $2,933,222,703 $5,912,375,954 $111,452,746,518 $169,012,952,180
1993 $2,684,323,623 $5,854,453,400 $128,889,262,951 $182,959,758,879
1994 $1,769,365,438 $5,532,863,840 $146,683,778,959 $197,591,095,928
1995 $2,116,003,868 $5,753,366,412 $169,278,916,593 $213,636,116,013
1996 $2,540,697,539 $6,000,213,536 $183,035,237,429 $225,710,710,648
1997 $2,322,719,103 $5,962,723,473 $150,180,456,566 $219,495,596,601
1998 $1,949,481,379 $6,185,583,409 $113,675,596,788 $202,739,225,305
1999 $2,354,772,960 $6,025,859,314 $126,669,211,779 $212,009,086,619
2000 $3,227,927,698 $6,482,377,235 $126,392,224,254 $221,454,615,182
2001 $2,796,704,604 $6,728,876,234 $120,296,476,180 $229,082,063,572
2002 $3,034,250,924 $7,037,184,600 $134,300,904,400 $243,168,402,250
2003 $3,503,723,088 $7,094,415,494 $152,280,615,246 $260,650,370,325
2004 $4,656,974,940 $7,341,062,187 $172,895,685,155 $277,043,563,911
2005 $6,650,001,680 $7,910,417,276 $189,318,408,469 $288,645,146,658
2006 $8,072,305,029 $8,542,162,056 $221,758,296,022 $302,984,491,695
2007 $8,782,703,437 $7,977,183,901 $262,942,621,455 $319,452,158,417
2008 $11,649,857,673 $8,480,255,109 $291,382,982,431 $324,964,940,637
2009 $9,723,299,915 $9,467,126,892 $281,710,630,187 $322,720,673,508
2010 $13,148,396,212 $10,407,332,392 $341,104,766,329 $346,967,938,038
2011 $15,655,383,577 $10,636,909,753 $370,818,739,624 $349,882,927,004
2012 $17,692,911,296 $11,694,979,455 $397,558,325,279 $375,224,234,354
2013 $17,958,720,699 $11,611,660,392 $420,333,654,593 $385,308,369,004
2014 $17,919,321,078 $12,383,378,937 $407,339,040,198 $389,101,609,926
2015 $12,434,793,867 $12,434,793,867 $401,296,238,228 $401,296,238,228
2016 $10,931,328,151 $11,354,801,749 $413,366,349,748 $415,081,396,923
2017 $11,834,473,039 $10,719,526,285 $456,356,813,537 $432,422,173,710
2018 $14,773,900,289 $10,472,514,332 $506,754,208,404 $450,682,801,200
2019 $13,976,637,780 $10,590,275,025 $543,976,691,794 $460,212,749,510
2020 $11,468,687,464 $9,926,500,702 $500,461,898,480 $432,369,701,127
2021 $14,825,690,211 $10,027,261,670 $506,194,668,790 $439,080,796,987
2022 $15,817,030,157 $10,175,199,490 $495,644,697,588 $450,410,744,555
2023 $15,321,055,818 $10,369,226,733 $515,906,283,941 $459,498,911,647
2024 $15,719,985,776 $10,636,718,190 $526,411,265,428 $471,105,678,432

Economic indicators

Congo Thailand
Gross domestic product
$15.7B
2024
$526B
2024
GDP rank
141/197
2024
30/197
2024
GDP growth
2.6%
2023-2024
2.04%
2023-2024
GDP per capita
$2,482
2024
$7,345
2024
GDP per capita rank
148/197
2024
102/197
2024
GDP per capita, PPP
$7,026
2024
$24,708
2024
Government debt
$15B
2024
$333B
2024
Debt-to-GDP ratio
91.4%
2025
64.5%
2025
Government debt per person
$2,369
2024
$4,642
2024
Government debt per person rank
113/185
2024
84/185
2024
Average annual personal income after taxes
$2,263
2025
$7,948
2025
Market capitalization of domestic companies n/a
$520B
2024
Number of millionaires n/a
100,001
2024
Number of billionaires n/a
25
2025
Income share by richest 10%
37.9%
2011
26.1%
2023
Income share by poorest 10%
1.6%
2011
3.4%
2023
Government expenditure, % of GDP
21.9%
2025
24%
2025
Consumer prices inflation
3.6%
2024-2025
1.37%
2023-2024
Central bank interest rate n/a
1.5%
2025
Unemployment rate
10%
2012
0.78%
2024
Population
6607609
71619867

GDP per capita in Congo vs Thailand

The Congo's GDP per capita is $2,482, ranking 148/197, compared to $7,345 in Thailand, ranking 102/197. Adjusted for purchasing power (GDP per capita PPP), the Congo ranks 147th at $7,026, while Thailand ranks 82nd at $24,708.

Congo
GDP per capita

GDP per capita, PPP
Thailand
GDP per capita

GDP per capita, PPP
Year Current $
Congo Thailand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $124.7 - $102.8 -
1961 $139.9 - $109.7 -
1962 $149.6 - $116.2 -
1963 $150.7 - $120.7 -
1964 $158.1 - $128.6 -
1965 $164.2 - $140.9 -
1966 $177.6 - $164.5 -
1967 $185.7 - $170.7 -
1968 $190.8 - $178.8 -
1969 $195.4 - $191.4 -
1970 $196.7 - $197.1 -
1971 $223.5 - $199.7 -
1972 $276.3 - $215.6 -
1973 $353 - $278.3 -
1974 $370 - $343 -
1975 $471 - $364 -
1976 $453 - $405 -
1977 $448 - $462 -
1978 $503 - $548 -
1979 $670 - $612 -
1980 $933 - $709 -
1981 $1,066 - $748 -
1982 $1,131 - $770 -
1983 $1,075 - $827 -
1984 $1,097 - $847 -
1985 $1,049 - $774 -
1986 $872 - $842 -
1987 $1,052 - $970 -
1988 $984 - $1,164 -
1989 $1,033 - $1,342 -
1990 $1,176 $3,437 $1,559 $4,451
1991 $1,113 $3,536 $1,766 $4,914
1992 $1,164 $3,608 $1,972 $5,347
1993 $1,034 $3,550 $2,245 $5,834
1994 $662 $3,327 $2,518 $6,341
1995 $770 $3,434 $2,864 $6,901
1996 $899 $3,547 $3,055 $7,322
1997 $804 $3,510 $2,473 $7,148
1998 $660 $3,602 $1,848 $6,590
1999 $776 $3,464 $2,033 $6,901
2000 $1,024 $3,667 $2,006 $7,289
2001 $855 $3,748 $1,890 $7,632
2002 $906 $3,888 $2,090 $8,148
2003 $1,017 $3,887 $2,348 $8,824
2004 $1,306 $3,992 $2,642 $9,545
2005 $1,799 $4,279 $2,868 $10,169
2006 $2,104 $4,588 $3,331 $10,912
2007 $2,206 $4,243 $3,919 $11,723
2008 $2,832 $4,448 $4,309 $12,062
2009 $2,271 $4,801 $4,135 $11,964
2010 $2,947 $5,125 $4,974 $12,932
2011 $3,396 $5,175 $5,374 $13,227
2012 $3,732 $6,058 $5,726 $14,617
2013 $3,697 $5,834 $6,018 $15,216
2014 $3,601 $5,733 $5,801 $15,365
2015 $2,439 $4,715 $5,689 $15,791
2016 $2,093 $4,016 $5,834 $16,671
2017 $2,212 $4,445 $6,413 $17,573
2018 $2,694 $5,593 $7,100 $18,876
2019 $2,488 $5,720 $7,606 $19,963
2020 $1,994 $4,771 $6,986 $19,164
2021 $2,516 $6,263 $7,057 $20,243
2022 $2,621 $6,647 $6,909 $22,243
2023 $2,478 $6,850 $7,195 $23,519
2024 $2,482 $7,026 $7,345 $24,708

Spending and national debt comparison

In 2024, the Congo's government spending was $3.58B, accounting for 21.9% of its GDP, while Thailand's spent $120B, or 24% of GDP.

Debt-to-GDP ratio is 91.4% in the Congo and 64.5% in Thailand, ranking 33/185 and 68/185, respectively.

Congo
Government spending

Government debt
Thailand
Government spending

Government debt
Year % of GDP
Congo Thailand
Government spending Government debt Government spending Government debt
1960 - - 12.1% 14.3%
1961 - - 9.58% 12.9%
1962 - - 11.9% 13.4%
1963 - - 12% 12.6%
1964 - - 13.3% 13.3%
1965 - - 14.7% 14.8%
1966 - - 14.7% 14.4%
1967 - - 15.5% 15%
1968 - - 16% 15.5%
1969 - - 15.9% 17.7%
1970 - - 17.6% 18.5%
1971 - - 18.8% 21.5%
1972 - - 18.5% 26.8%
1973 - - 15.9% 21.2%
1974 - - 13.2% 16.3%
1975 - - 14.2% 15.8%
1976 - - 15.6% 22%
1977 - - 16.1% 22.4%
1978 - - 16.6% 22.8%
1979 - - 16.9% 23.7%
1980 - - 18.7% 22.1%
1981 - - 19.1% 24.4%
1982 - - 20.2% 27.1%
1983 - - 19.5% 28.9%
1984 - - 19.3% 30.6%
1985 - - 20.5% 36.8%
1986 - - 19.5% 40.1%
1987 - - 17.5% 38.8%
1988 - - 15.1% 30.3%
1989 20.3% 151.7% 16.5% 23.7%
1990 30.4% 0% 16.6% 18%
1991 34.1% 0% 17% 14.1%
1992 32.8% 0% 17.8% 11.4%
1993 32.8% 0% 18.8% 9.14%
1994 30.7% 0% 16% 6.69%
1995 27.6% 0% 17.2% 5.12%
1996 15.7% 0% 18% 15.2%
1997 22.2% 0% 21.6% 40.5%
1998 25.1% 0% 23.9% 49.9%
1999 28.8% 0% 26.5% 56.6%
2000 22.6% 145% 19.3% 57.8%
2001 29.1% 180.1% 20.8% 57.5%
2002 32.1% 163.5% 25.7% 54.9%
2003 27% 185.3% 18.3% 47.5%
2004 24.4% 122.6% 19.3% 46.3%
2005 22.1% 99.8% 19.6% 45.5%
2006 26.6% 94.7% 18.7% 39.2%
2007 28.6% 93.8% 20% 36%
2008 24.2% 69.6% 19.2% 34.9%
2009 24.4% 83.8% 21.7% 42.4%
2010 23% 43.5% 22% 39.8%
2011 27.9% 34.4% 21.1% 39.1%
2012 30.7% 30.2% 22.3% 41.9%
2013 42.4% 33.9% 21.6% 42.2%
2014 48.6% 42.3% 22.2% 43.3%
2015 41.3% 74.2% 22.3% 42.6%
2016 38.8% 84.6% 21.4% 41.7%
2017 26.6% 88.5% 21.5% 41.8%
2018 17.8% 71.2% 21.2% 41.9%
2019 20.2% 77.6% 20.6% 41.1%
2020 21.1% 102.5% 24.9% 49.4%
2021 20.9% 97.8% 26.8% 58.3%
2022 22.8% 92.5% 24.7% 60.5%
2023 20.7% 99% 22.8% 62.3%
2024 22.8% 95.4% 22.7% 63.2%
2025 21.9% 91.4% 24% 64.5%

Government deficit by year

In 2024, the Congo's government surplus, the difference between spending and revenue, was $410M, equivalent to 2.61% of GDP. This compares to Thailand's deficit of -$6.81B, or -1.29% of GDP.

Over the past 36 years, the Congo recorded a fiscal deficit in 16 of those years, while Thailand ran a deficit in 17 years. On average, the Congo posted an annual surplus equal to +0.72% of GDP, compared to deficit of -0.65% of GDP for Thailand.

Deficit/surplus
Congo

Thailand
Year Deficit/surplus, % of GDP
Congo Thailand
1948 - -0.1%
1949 - 0.7%
1950 - -0.7%
1951 - -3.54%
1952 - -2.4%
1953 - -3.56%
1954 - -3.46%
1955 - -1.65%
1956 - -1.38%
1957 - -1.31%
1958 - -0.91%
1959 - -1.15%
1960 - 0.48%
1961 - 0.05%
1962 - -0.27%
1963 - -0.81%
1964 - -1.01%
1965 - -1.05%
1966 - -1.13%
1967 - -2.1%
1968 - -2.79%
1969 - -2.53%
1970 - -3.73%
1971 - -5.47%
1972 - -4.81%
1973 - -2.7%
1974 - 1.29%
1975 - -1.73%
1976 - -3.35%
1977 - -2.91%
1978 - -3.31%
1979 - -3.62%
1980 - -4.41%
1981 - -4.07%
1982 - -6.18%
1983 - -4.02%
1984 - -3.85%
1985 - -5.11%
1986 - -4.32%
1987 - -2.38%
1988 - 0.58%
1989 0.78% 0.16%
1990 -4.1% 1.41%
1991 -11.2% 1.6%
1992 -12.7% -0.18%
1993 -11.3% 6.67%
1994 -10.6% 2.78%
1995 -6.38% 3.05%
1996 9.2% 2.75%
1997 3.67% -1.68%
1998 -5.16% -6.29%
1999 -4.75% -9.02%
2000 1.05% -1.79%
2001 -0.71% -1.77%
2002 -7.34% -6.72%
2003 0.37% 1.98%
2004 3.33% 1.11%
2005 13.4% 2.17%
2006 16% 1.87%
2007 8.99% 0.22%
2008 23.9% 0.8%
2009 4.76% -2.21%
2010 15.5% -1.07%
2011 16.1% 0.09%
2012 7.24% -0.86%
2013 -2.85% 0.6%
2014 -10.7% -0.7%
2015 -17.8% 0.19%
2016 -14.5% 0.41%
2017 -5.57% -0.42%
2018 5.22% 0.2%
2019 4.3% 0.43%
2020 -1.1% -4.47%
2021 1.63% -6.74%
2022 8.94% -4.61%
2023 5.81% -1.98%
2024 2.61% -1.29%
2025 3.54% -3.07%

Inflation comparison by year

Over the past 29 years, the Congo has recorded an average annual inflation rate of 3.1%, compared with 2.37% in Thailand. In 2024, inflation was 3.6% in the Congo and 1.37% in Thailand.

Inflation
Congo

Thailand
Year Inflation
Congo Thailand Congo Thailand
1996 7.4% 5.81%
1997 12.7% 5.63%
1998 2.2% 7.99%
1999 3% 0.28%
2000 0.5% 1.59%
2001 0.8% 1.63%
2002 3% 0.7%
2003 1.7% 1.8%
2004 3.7% 2.76%
2005 2.5% 4.54%
2006 4.7% 4.64%
2007 2.6% 2.24%
2008 6% 5.47%
2009 4.3% -0.85%
2010 0.4% 3.25%
2011 1.8% 3.81%
2012 5% 3.01%
2013 4.6% 2.18%
2014 0.9% 1.9%
2015 3.2% -0.9%
2016 3.2% 0.19%
2017 0.4% 0.67%
2018 1.2% 1.06%
2019 0.4% 0.71%
2020 1.4% -0.85%
2021 2% 1.23%
2022 3% -1.61%
2023 4.3% 8.48%
2024 3.1% 1.37%
2025 3.6% -

Top exports between countries

Congo
Export category Export value
Raw materials & minerals $12.8M
Metals $1.95M
Machinery & equipment $1.41M
Wood & paper products $22K
Raw agricultural goods $5K
Thailand
Export category Export value
Raw agricultural goods $51.4M
Chemicals & pharma $4.43M
Textiles & consumer goods $4.41M
Processed food, beverages & tobacco $2.12M
Machinery & equipment $2M
Raw materials & minerals $369K
Precious metals & jewellery $78K
Wood & paper products $25K
Miscellaneous $18K
Metals $7K

Balance of trade

Congo Thailand
Current account balance
$1.72B
2021
$11.3B
2024
Current account balance ranking
47/189
2021
24/189
2024
Current account balance, % of GDP
+11.6%
2021
+2.15%
2024
Goods imports
$2.78B
2021
$278B
2024
Goods exports
$7.51B
2021
$297B
2024
Service imports
$1.71B
2021
$73.6B
2024
Service exports
$240M
2021
$72.1B
2024
Imports of goods and services, % of GDP
40.4%
2024
66.7%
2024
Exports of goods and services, % of GDP
52.8%
2024
70.1%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Congo Thailand
Economic freedom 48.6 60.6
Economic freedom ranking 169/197 92/197
Property rights 30.8 45.1
Government integrity 13.2 38.4
Judicial effectiveness 14.9 34.6
Tax burden 75.5 81.3
Government spending 86.2 81.7
Fiscal health 80.4 61.3
Business freedom 36.9 70.9
Labor freedom 52.5 56.4
Monetary freedom 77.7 70.2
Trade freedom 49.6 72.4
Investment freedom 35 55
Financial freedom 30 60

Economic freedom by year comparison

The Economic Freedom Index for the Congo is 48.6, ranking 169/197, compared to 60.6 for Thailand, ranking 92/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Congo
Thailand
Year Economic freedom index
Congo Thailand
1995 - 71.3
1996 40.3 71
1997 42.2 66.1
1998 33.8 67.3
1999 41.6 66.9
2000 40.6 66.6
2001 44.3 68.9
2002 45.3 69.1
2003 47.7 65.8
2004 45.9 63.7
2005 46.2 62.5
2006 43.8 63.3
2007 44.4 63.5
2008 45.3 62.3
2009 45.4 63
2010 43.2 64.1
2011 43.6 64.7
2012 43.8 64.9
2013 43.5 64.1
2014 43.7 63.3
2015 42.7 62.4
2016 42.8 63.9
2017 40 66.2
2018 38.9 67.1
2019 39.7 68.3
2020 41.8 69.4
2021 50.7 69.7
2022 48.5 63.2
2023 48.1 60.6
2024 47.8 59
2025 48.6 60.6

More economic indicators

Congo Thailand
Services, % of GDP
45%
2024
59.2%
2024
Industry, % of GDP
40.1%
2024
32.1%
2024
Agriculture, forestry, and fishing, % of GDP
9.44%
2024
8.71%
2024
GNI, Atlas method
$15.2B
2024
$510B
2024
GNI per capita, PPP
$6,700
2024
$24,020
2024
Total reserves including gold
$715M
2023
$237B
2024
Total reserves ranking
148/177
2023
15/177
2024
Net foreign direct investment
$330M
2021
-$1.96B
2024
Net inflows of foreign direct investment
$604M
2024
$10.1B
2024
Net outflows of foreign direct investment
$25.4M
2024
$8.14B
2024
Servicing debt to the IMF, % of GNI
5.31%
2023
8.27%
2023
Poverty at national poverty lines
40.9%
2011
5.4%
2022
Gross capital formation, % of GDP
26.8%
2024
21.6%
2024

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.