GDP in DR Congo
DR Congo - GDPAfrica’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
|Economic Growth (GDP, annual variation in %)||8.0||8.5||9.5||6.9||2.4|
5 years of economic forecasts for more than 30 economic indicators.
Source: Central Bank of Congo
DR Congo Facts
|Exchange Rate||1,535||0.0 %||Aug 17|
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