DR Congo Economic Forecast

DR Congo Economic Outlook

November 16, 2021

The situation has gone from bad to worse in recent weeks. On 8 November, the March 23 Movement—which seized large strips of territory in 2012 and 2013—captured two villages in the east of the country. The U.S. then issued a security alert warning against a potential attack on the provincial capital, causing thousands of people to flee to neighboring Uganda. On 9 November, however, the army announced it had driven out the rebels from the positions they had captured. The latest events have aggravated the already dire situation in the country, following mismanagement of the Covid-19 pandemic, a new Ebola outbreak in September and continued fighting with Islamic insurgents. Meanwhile, discontent with the president is growing over his appointment of a new electoral chief. The move is seen as a power grab to pave the way for another presidential term, but could fracture the ruling party.

DR Congo Economic Growth

GDP growth should speed up in 2022. The continued expansion of the Kamoa-Kakula copper mine will drive up investment, while the ongoing global recovery should further support the mining and external sectors. A firming labor market bodes well for household spending, but a low vaccination rate will keep Covid-19 outbreaks a real risk. Instability further clouds the outlook. FocusEconomics panelists see GDP growth at 4.7% in 2022, which is up 0.2 percentage points from last month’s forecast, and 4.9% in 2023.

DR Congo Economy Data

2015 2016 2017 2018 2019
Population (million)-  -  -  -  -  
GDP per capita (USD)-  -  -  -  -  
GDP (USD bn)-  -  -  -  -  
Economic Growth (GDP, annual variation in %)-  -  -  -  -  
Fiscal Balance (% of GDP)-  -  -  -  -  
Public Debt (% of GDP)-  -  -  -  -  
Inflation Rate (CPI, annual variation in %)-  -  -  -  -  
Policy Interest Rate (%)-  -  -  -  -  
Exchange Rate (vs USD)-  -  -  -  -  
Exchange Rate (vs USD, aop)-  -  -  -  -  
Current Account (% of GDP)-  -  -  -  -  
Current Account Balance (USD bn)-  -  -  -  -  
Trade Balance (USD billion)-  -  -  -  -  
Exports (USD billion)-  -  -  -  -  
Imports (USD billion)-  -  -  -  -  
Exports (annual variation in %)-  -  -  -  -  
Imports (annual variation in %)-  -  -  -  -  
International Reserves (USD)-  -  -  -  -  
External Debt (% of GDP)-  -  -  -  -  

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DR Congo Facts

Value Change Date
Exchange Rate1,687-0.78 %Jan 01
Stock Market0.60.0 %Jan 07

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