Current Account in DR Congo

DR Congo Current Account | Economic News & Forecasts

DR Congo - Current Account

The global economic slowdown appears to have weighed significantly on growth this year, as lingering trade tensions continue to take their toll on the export-oriented economy. Although average activity in the mining sector remained upbeat in the first half of the year, significantly lower prices for copper and cobalt—two of the country’s main exports—are likely to have hampered growth for the better part of the year. Meanwhile, on 15 November, the IMF agreed to resume a USD 500 million lending program to DR Congo, after having suspended it in 2012 over a lack of transparency with regards to the sale of state mining assets. The credit line, which is expected to be approved later this month, would be a welcome boost to President Felix Tshisekedi’s costly social programs at a time when external demand prospects appear gloomy.

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 Rate1,687-0.78 %Jan 01
Stock Market0.60.0 %Jan 07

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