Agriculture > products
coffee, sugar, palm oil, rubber, tea, quinine, cassava, palm oil, bananas, root crops, corn, fruits; wood products |
|
Aid as % of GDP
|
1% |
|
[89th of 129]
|
|
Definition: Economy > Aid as % of GDP |
|
Source: CIA World Factbook, 28 July 2005 |
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Current account balance
|
-$402,000,000.00 |
|
[107th of 181]
|
|
Definition: Economy > Current account balance |
|
Source: calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
|
Debt > External
|
$10,000,000,000.00 |
|
[75th of 136]
|
|
Definition: Economy > Debt > External |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Economy > Overview
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. |
|
Definition: Economy > Economy > Overview |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Exchange rates
Congolese francs per US dollar - 401.04 (2004), 405.34 (2003), 346.49 (2002), 206.62 (2001), 21.82 (2000) |
|
Definition: Economy > Exchange rates |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Exports
|
$1,587,000,000.00 |
|
[127th of 189]
|
|
Definition: Economy > Exports |
|
Source: CIA World Factbook, 28 July 2005 |
|
Exports to US
|
$131,100,000.00 |
|
[80th of 224]
|
|
Definition: Economy > Exports to US |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP
|
$8,543,323,000.00 |
|
[105th of 203]
|
|
Definition: Economy > GDP |
|
Source: US Census Bureau |
|
GDP (purchasing power parity)
|
$19,030,000,000.00 |
|
[121st of 187]
|
|
Definition: Economy > GDP (purchasing power parity) |
|
Source: World Development Indicators database and CIA World Factbook |
|
GDP > PPP
|
$38,493,000,000.00 |
|
[76th of 163]
|
|
Definition: Economy > GDP > PPP |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP > Real growth rate
|
7% |
|
[48th of 198]
|
|
Definition: Economy > GDP > Real growth rate |
|
Source: World Bank. 2005. World Development Indicators 2005. |
|
GDP growth > annual %
|
6.5 annual %
|
|
[41st of 187]
|
|
Definition: Economy > GDP growth > annual % |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP per capita in 1950
|
$636.00 |
|
[47th of 52]
|
|
Definition: Economy > GDP per capita in 1950 |
|
Source: World Development Indicators database |
|
GDP per capita in 1973
|
$757.00 |
|
[51st of 52]
|
|
Definition: Economy > GDP per capita in 1973 |
|
Source: Angus Maddison |
|
GDP per capita, PPP > current international $
|
714.16 PPP $
|
|
[157th of 169]
|
|
Definition: Economy > GDP per capita, PPP > current international $ |
|
Source: Angus Maddison |
|
Gross national income > constant LCU
|
2.32 |
|
|
|
Definition: Economy > Gross national income > constant LCU |
|
Source: World Development Indicators database |
|
Human Development Index
|
0.385 |
|
[168th of 178]
|
|
Definition: Economy > Human Development Index |
|
Source: World Development Indicators database |
|
Inflation rate (consumer prices)
|
16.7% |
|
[9th of 192]
|
|
Definition: Economy > Inflation rate (consumer prices) |
|
Source: Human Development Report 2006, United Nations Development Programme |
|
Tourist arrivals
|
42,000 |
|
[136th of 152]
|
|
Definition: Economy > Tourist arrivals |
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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