GDP in DR Congo
DR Congo - GDPDRC faced a tumultuous 2016 as the country was plagued by political strife and economic hardship. The slump in prices for commodities caused the economy to decelerate to a 15-year low and ended a period of strong economic growth and poverty reduction. Dwindling export earnings put pressure on the currency, which depreciated steeply, and forced the Central Bank to use up international reserves to support the weakening Congolese franc. 2017 looks set to be another challenging year as economic conditions fail to improve. The value of the currency depreciated sharply in April, further stoking price pressures and eroding consumer earnings. To make matters worse, the political deal struck in December to hold elections has collapsed after President Kabila unilaterally appointed a Prime Minister and banned all political rallies.
DR Congo - GDP Data
|Economic Growth (GDP, annual variation in %)||6.9||8.0||8.5||9.5||6.9|
5 years of economic forecasts for more than 30 economic indicators.
Source: Central Bank of Congo
DR Congo Facts
|Exchange Rate||1,410||-0.02 %||May 10|
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