| People | Democratic Republic of the Congo |
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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. |
GDP (purchasing power parity):
|
$19.07 billion (2007 est.) |
GDP (official exchange rate):
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$9.85 billion (2007 est.) |
GDP - real growth rate:
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7% (2007 est.) |
GDP - per capita (PPP):
|
$300 (2007 est.) |
GDP - composition by sector:
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agriculture: 55%
industry: 11%
services: 34% (2000 est.) |
Investment (gross fixed):
|
void |
Population below poverty line:
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NA% |
Household income or consumption by percentage share:
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lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
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18.2% (2006 est.) |
Labor force:
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15 million (2006 est.) |
Labor force participation rate:
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22.55 % of population |
Labor force - by occupation:
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agriculture: NA%
industry: NA%
services: NA% |
Unemployment rate:
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NA% |
Budget:
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revenues: $700 million
expenditures: $2 billion (2006 est.) |
Budget revenues per capita:
|
11 USD per capita |
Public debt:
|
void |
Industries:
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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:
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NA% |
Electricity - production:
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352 million kWh (2005) |
Electricity - production per capita:
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6 kWh per capita |
Electricity - consumption:
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572 million kWh (2005) |
Electricity - consumption - per capita:
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9 kWh per capita |
Electricity - exports:
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0 kWh (2005) |
Electricity - imports:
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418 million kWh (2005) |
Oil - production:
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235,900 bbl/day (2005) |
Oil - production per capita:
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3,547 bbl/day per capita |
Oil - consumption:
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11,000 bbl/day (2005 est.) |
Oil - consumption - per capita:
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0.06 bbl/year per capita |
Oil - exports:
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20,750 bbl/day (2004 est.) |
Oil - imports:
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8,220 bbl/day (2006 est.) |
Oil - proved reserves:
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187 million bbl (1 January 2006 est.) |
Natural gas - production:
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0 cu m (2005 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2005 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2005 est.) |
Natural gas - imports:
|
0 cu m (2005) |
Natural gas - proved reserves:
|
950.5 million cu m (1 January 2006 est.) |
Agriculture - products:
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coffee, sugar, palm oil, rubber, tea, quinine, cassava (tapioca), palm oil, bananas, root crops, corn, fruits; wood products |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
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$1.587 billion f.o.b. (2006) |
Exports per capita:
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24 USD per capita |
Exports - commodities:
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diamonds, copper, crude oil, coffee, cobalt |
Exports - partners:
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Belgium 29.4%, China 21.1%, Brazil 12.3%, Chile 7.8%, Finland 7.2%, US 4.9% (2006) |
Imports:
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$2.263 billion f.o.b. (2006) |
Imports per capita:
|
35 USD per capita |
Imports - commodities:
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foodstuffs, mining and other machinery, transport equipment, fuels |
Imports - partners:
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South Africa 17.7%, Belgium 10.9%, France 8.5%, Zimbabwe 8.1%, Zambia 6.9%, Kenya 6.8%, Cote d'Ivoire 4.4% (2006) |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
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$10 billion (2006 est.) |
Debt - external - per capita:
|
151 USD per capita |
Stock of direct foreign investment - at home:
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void |
Stock of direct foreign investment - abroad:
|
void |
Market value of publicly traded shares:
|
$NA |
Economic aid - donor:
|
void |
Economic aid - recipient:
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$1.828 billion (2005) |
Economic aid - recipient per capita:
|
28 USD per capita |
Currency (code):
|
Congolese franc (CDF) |
Exchange rates:
|
Congolese francs per US dollar - NA (2007), 464.69 (2006), 437.86 (2005), 401.04 (2004), 405.34 (2003) |
Fiscal year:
|
calendar year |
|
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