GDP in DR Congo

DR Congo GDP | Economic News & Forecasts

DR Congo - GDP

DRC 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

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)6.9  8.0  8.5  9.5  6.9  

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

DR Congo Facts

ValueChangeDate
Exchange Rate1,410-0.02 %May 10

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