header HomePlacesMapsMap Products & ServicesHotels & TravelDestination GuidesWeb DirectoryContact

Democratic Republic of the Congo:
Economy

Flag of Democratic Republic of the Congo
Click to enlarge

Democratic Republic of the Congo Page


Other pages in this profile of the Democratic Republic of the Congo:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
Economy - overview
Definition
The economy of the Democratic Republic of the Congo - a nation endowed with vast potential wealth - is slowly recovering from two decades of decline. Conflict, which began in August 1998, dramatically reduced national output and government revenue, increased external debt, and resulted in the deaths of more than 3.5 million people from violence, famine, and disease. Foreign businesses curtailed operations due to uncertainty about the outcome of the conflict, lack of infrastructure, and the difficult operating environment. Conditions began to improve in late 2002 with the withdrawal of a large portion of the invading foreign troops. The transitional government reopened relations with international financial institutions and international donors, and President KABILA has begun implementing reforms, although progress is slow and the International Monetary Fund curtailed their program for the DRC at the end of March 2006 because of fiscal overruns. Much economic activity still occurs in the informal sector, and is not reflected in GDP data. Renewed activity in the mining sector, the source of most export income, boosted Kinshasa's fiscal position and GDP growth. Government reforms and improved security may lead to increased government revenues, outside budget assistance, and foreign direct investment, although an uncertain legal framework, corruption, and a lack of transparency in government policy are continuing long-term problems.
GDP (purchasing power parity)
Definition - World rank and map
$18.84 billion (2007 est.)
GDP (official exchange rate)
Definition
$10.14 billion (2007 est.)
GDP - real growth rate
Definition - World rank and map
6.3% (2007 est.)
GDP - per capita
Definition - World rank and map
$300 (2007 est.)
GDP - composition by sector
Definition
agriculture: 55%
industry: 11%
services: 34% (2000 est.)
Labor force
Definition
15 million (2006 est.)
Labor force - by occupation
Definition
agriculture: NA%
industry: NA%
services: NA%
Unemployment rate
Definition - World rank and map
NA%
Population below poverty line
Definition
NA%
Household income or consumption by percentage share
Definition
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices)
Definition - World rank and map
16.7% (2007 est.)
Budget
Definition
revenues: $700 million
expenditures: $2 billion (2006 est.)
Agriculture - products
Definition
coffee, sugar, palm oil, rubber, tea, quinine, cassava (tapioca), palm oil, bananas, root crops, corn, fruits; wood products
Industries
Definition
mining (diamonds, gold, copper, cobalt, coltan zinc), mineral processing, consumer products (including textiles, footwear, cigarettes, processed foods and beverages), cement, commercial ship repair
Industrial production growth rate
Definition - World rank and map
NA%
Electricity - production
Definition - World rank and map
7.341 billion kWh (2005)
Electricity - consumption
Definition - World rank and map
5.272 billion kWh (2005)
Electricity - consumption per capita
Definition - World rank and map
79.3 kWh (2005)
Electricity - exports
Definition
1.8 billion kWh (2005)
Electricity - imports
Definition
6 million kWh (2005)
Oil - production
Definition - World rank and map
19,750 bbl/day (2005)
Oil - consumption
Definition - World rank and map
11,000 bbl/day (2005 est.)
Oil - consumption per 1,000 people
Definition - World rank and map
0.2 bbl/day (2005 est.)
Oil - exports
Definition - World rank and map
20,750 bbl/day (2004 est.)
Oil - imports
Definition - World rank and map
8,220 bbl/day (2006 est.)
Oil - proved reserves
Definition - World rank and map
187 million bbl (1 January 2006 est.)
Natural gas - production
Definition - World rank and map
0 cu m (2005 est.)
Natural gas - consumption
Definition - World rank and map
0 cu m (2005 est.)
Natural gas - consumption per capita
Definition - World rank and map
0 cu m (2005 est.)
Natural gas - exports
Definition - World rank and map
0 cu m (2005 est.)
Natural gas - imports
Definition - World rank and map
0 cu m (2005)
Natural gas - proved reserves
Definition - World rank and map
950.5 million cu m (1 January 2006 est.)
Current account balance
Definition - World rank and map
-$402 million (2007 est.)
Exports
Definition - World rank and map
$1.587 billion f.o.b. (2006)
Exports - commodities
Definition
diamonds, copper, crude oil, coffee, cobalt
Exports - partners
Definition
Belgium 24.1%, China 22.3%, Brazil 12.8%, US 10%, Finland 7.4%, France 7% (2006)
Imports
Definition - World rank and map
$2.263 billion f.o.b. (2006)
Imports - commodities
Definition
foodstuffs, mining and other machinery, transport equipment, fuels
Imports - partners
Definition
South Africa 17.6%, Belgium 10.9%, Zimbabwe 8%, France 7.3%, Zambia 6.8%, Kenya 6.8%, US 4.4%, Cote d'Ivoire 4.4% (2006)
Debt - external
Definition - World rank and map
$10 billion (2006 est.)
Market value of publicly traded shares
Definition
$NA
Economic aid - recipient
Definition
$1.828 billion (2005)
Currency (code)
Definition
Congolese franc (CDF)
Exchange rates
Definition
Congolese francs per US dollar - NA (2007), 464.69 (2006), 437.86 (2005), 401.04 (2004), 405.34 (2003)
Fiscal year
Definition
calendar year


Google
 
Web sitesatlas.com