| GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

Congo, Democratic Republic of the Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Congo, Democratic Republic of the Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 15,

Economy - overview:
The economy of the Democratic Republic of the Congo - a nation endowed with vast potential wealth - is slowly recovering from decades of decline. Systemic corruption since independence in 1960 and conflict that began in May 1997 has dramatically reduced national output and government revenue, increased external debt, and resulted in the deaths of more than 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 began implementing reforms. Progress has been 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 from 2006-08, however, the government's review of mining contracts that began in 2006, combined with a fall in world market prices for the DRC's key mineral exports temporarily weakened output in 2009, leading to a balance of payments crisis. The recovery in mineral prices beginning in mid 2009 boosted mineral exports, and emergency funds from the IMF boosted foreign reserves. An uncertain legal framework, corruption, and a lack of transparency in government policy are long-term problems for the mining sector and for the economy as a whole. The global recession cut economic growth in 2009 to less than half its 2008 level, but growth returned to 6-7% in 2010-11. The DRC signed a Poverty Reduction and Growth Facility with the IMF in 2009 and received $12 billion in multilateral and bilateral debt relief in 2010.

GDP (purchasing power parity):
$25.19 billion (2011 est.)
country comparison to the world: 115

$23.66 billion (2010 est.)
$22.03 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$15.3 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
6.5% (2011 est.)
country comparison to the world: 34

7.2% (2010 est.)
2.8% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$300 (2011 est.)
country comparison to the world: 224

$300 (2010 est.)
$300 (2009 est.)
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 37.5%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 27.6%
[see also: GDP - composition by sector - industry country ranks ]
services: 35% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
34.79 million (2011 est.)
country comparison to the world: 18
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: NA%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: NA%
[see also: Labor force - by occupation - industry country ranks ]
services: NA%
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
NA%
[see also: Unemployment rate country ranks ]

Population below poverty line:
71% (2006 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 2.3%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 34.7% (2006)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Investment (gross fixed):
23.8% of GDP (2011 est.)
country comparison to the world: 73
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $4.274 billion
[see also: Budget revenues country ranks ]
expenditures: $5.308 billion (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
27.9% of GDP (2011 est.)
country comparison to the world: 101
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-6.8% of GDP (2011 est.)
country comparison to the world: 176
[see also: Budget surplus (+) or deficit (-) country ranks ]

Inflation rate (consumer prices):
17% (2011 est.)
country comparison to the world: 211

23.1% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
22% (31 December 2010 est.)
country comparison to the world: 2

70% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
45% (31 December 2011 est.)
country comparison to the world: 1

56.8% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$893.3 million (31 December 2011 est.)
country comparison to the world: 148

$771.8 million (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$2.889 billion (31 December 2011 est.)
country comparison to the world: 143

$2.147 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$176.7 million (31 December 2011 est.)
country comparison to the world: 181

$928.5 million (31 December 2008 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
coffee, sugar, palm oil, rubber, tea, cotton, cocoa, quinine, cassava (tapioca), manioc, bananas, plantains, peanuts, root crops, corn, fruits; wood products

Industries:
mining (diamonds, gold, copper, cobalt, coltan, zinc, tin, diamonds), mineral processing, consumer products (including textiles, plastics, footwear, cigarettes, metal products, processed foods and beverages), timber, cement, commercial ship repair

Industrial production growth rate:
NA%
[see also: Industrial production growth rate country ranks ]

Electricity - production:
7.452 billion kWh (2008 est.)
country comparison to the world: 99
[see also: Electricity - production country ranks ]

Electricity - consumption:
6.036 billion kWh (2008 est.)
country comparison to the world: 107
[see also: Electricity - consumption country ranks ]

Electricity - exports:
674 million kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
591 million kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
21,000 bbl/day (2010 est.)
country comparison to the world: 76
[see also: Oil - production country ranks ]

Oil - consumption:
13,000 bbl/day (2010 est.)
country comparison to the world: 145
[see also: Oil - consumption country ranks ]

Oil - exports:
11,090 bbl/day (2009 est.)
country comparison to the world: 92
[see also: Oil - exports country ranks ]

Oil - imports:
13,100 bbl/day (2009 est.)
country comparison to the world: 138
[see also: Oil - imports country ranks ]

Natural gas - production:
0 cu m (2009 est.)
country comparison to the world: 166
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
0 cu m (2009 est.)
country comparison to the world: 163
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2009 est.)
country comparison to the world: 76
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 171
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
991.1 million cu m (1 January 2011 est.)
country comparison to the world: 99
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$419 million (2011 est.)
country comparison to the world: 105

-$897 million (2010 est.)
[see also: Current account balance country ranks ]

Exports:
$10.93 billion (2011 est.)
country comparison to the world: 88

$8.35 billion (2010 est.)
[see also: Exports country ranks ]

Exports - commodities:
diamonds, gold, copper, cobalt, wood products, crude oil, coffee

Exports - partners:
China 46.9%, Zambia 23.3%, US 10.4%, Belgium 4.2% (2010)

Imports:
$9.021 billion (2011 est.)
country comparison to the world: 101

$7.829 billion (2010 est.)
[see also: Imports country ranks ]

Imports - commodities:
foodstuffs, mining and other machinery, transport equipment, fuels

Imports - partners:
South Africa 19.2%, China 12.5%, Belgium 9.2%, Zambia 8.8%, Zimbabwe 6.9%, France 5.8%, Kenya 5.8% (2010)

Reserves of foreign exchange and gold:
$1.297 billion (31 December 2010 est.)
country comparison to the world: 128


[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$13.5 billion (2009 est.)
country comparison to the world: 86

$12.7 billion (2008 est.)
[see also: Debt - external country ranks ]

Exchange rates:
Congolese francs (CDF) per US dollar -

1,000 (2011 est.)
912 (2010 est.)
472.19 (2009)
559 (2008)
516 (2007)


NOTE: 1) The information regarding Congo, Democratic Republic of the on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Congo, Democratic Republic of the Economy 2012 information contained here. All suggestions for corrections of any errors about Congo, Democratic Republic of the Economy 2012 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 07-Mar-12
Copyright © 1995- , ITA (all rights reserved).

    . Feedback