GDP in DR Congo

DR Congo GDP | Economic News & Forecasts

DR Congo - GDP

Africa’s largest country has been suffering from the slump in commodities prices and embroiled in a political quagmire that nearly brought the country to the brink of civil war late last year. The decline in export earnings caused the economy to decelerate in 2016 to a multi-year low and has also put pressure on the currency. Efforts by the Central Bank to prop up the franc have proved insufficient and it shed almost 60% of its value over the past year. Inflation has spiked to multi-year highs and is eroding earnings and denting economic growth as a result. Although annual GDP growth came in at 3.1% in Q1, it vastly undershot the Bank’s 4.9% estimate and reflects depressed commodities earnings.

DR Congo - GDP Data

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)8.0  8.5  9.5  6.9  2.4  

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Note: GDP, annual variation in %.
Source: Central Bank of Congo

DR Congo Facts

Exchange Rate1,5350.0 %Aug 17

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