Current Account in DR Congo

DR Congo Current Account | Economic News & Forecasts

DR Congo - Current Account

Available data for the second quarter is mixed; while domestic activity will have supported growth in the quarter, a bleaker external environment likely took its toll. Average activity in the all-important mining sector accelerated in Q2, on an annual basis, largely on the back of upbeat copper output. That said, the rise in production was countered by lower global prices for base metals, owing to the escalation of the U.S.–China trade war in May. This, coupled with a contraction in gold and oil output in Q2, likely weighed on merchandise exports earnings in the quarter. Prospects for the third quarter do not look bright either: Glencore announced in early August a halt in operations at the Mutanda mine, the world’s largest cobalt mine, following a dramatic fall in prices.

DR Congo - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-     -     -     -     -     

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Note: Current account balance as % of GDP.
Source: Central Bank of Congo

DR Congo Facts

Exchange Rate1,665-0.78 %Sep 04
Stock Market0.60.0 %Sep 04

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