DR Congo Economic Outlook
October 18, 2016The Democratic Republic of Congo (DRC) is descending into chaos after the country’s electoral commission decided to postpone the presidential elections until 2018 due to a lack of funding. The ruling sparked fresh violence which has left scores of dead in the mineral-rich country. International organizations and foreign governments alike fear the prospect of growing violence could derail any peaceful resolution to the ongoing political crisis and the EU plans to discuss later this month whether to impose sanctions on the country. Ongoing political instability could stave off investment and disrupt mining production. According to data from the Central Bank, output for key commodities such as copper, zinc and cobalt has declined in the first seven months of this year compared to the same period in 2015.
DR Congo Economy Data
|GDP per capita (USD)||356||392||424||452||-|
|GDP (USD bn)||25.8||29.3||32.7||35.9||-|
|Economic Growth (GDP, annual variation in %)||6.9||7.1||8.5||9.5||-|
|Fiscal Balance (% of GDP)||-0.5||1.8||3.0||-||-|
|Public Debt (% of GDP)||26.3||23.2||19.1||-||-|
|Inflation Rate (CPI, annual variation in %)||15.5||9.3||1.2||1.3||1.4|
|Exchange Rate (vs USD)||925.0||929.0||930.3||911.0||917.0|
|Policy Interest Rate (%)||20.00||4.00||2.00||2.00||2.00|
|Exchange Rate (vs USD, aop)||927.8||924.7||922.1||922.2||918.3|
|Current Account (% of GDP)||-5.0||-4.3||-9.5||-8.5||-|
|Current Account Balance (USD bn)||-1.3||-1.3||-2.9||-2.8||-|
|Trade Balance (USD billion)||0.6||0.1||0.8||0.4||-|
|Exports (USD billion)||9.5||8.7||11.6||12.3||-|
|Imports (USD billion)||8.9||8.7||10.8||12.0||-|
|Exports (annual variation in %)||11.7||-7.7||32.8||6.1||-|
|Imports (annual variation in %)||10.9||-2.7||24.6||10.6||-|
|International Reserves (USD)||1.3||1.6||1.7||1.6||1,215,934|
|External Debt (% of GDP)||21.4||19.1||18.9||15.4||-|
5 years of DR Congo economic forecasts for more than 30 economic indicators.
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DR Congo Facts
|Exchange Rate||971.0||0.0 %||Oct 20|
DR Congo Economic Growth
October 18, 2016Continued sluggishness in commodity prices and growing political instability are weighing on the DRC’s outlook. Panelists forecast GDP growth of 4.6% in 2016, which is down 0.2 percentage points from last month’s estimate. For 2017, the panel projects growth of 5.3%.