Current Account in DR Congo
DR Congo - Current AccountEconomic growth more than tripled in 2021 following a pandemic-induced slowdown. The recovery was driven by Congo’s booming extractive sector as prices for copper and cobalt rose significantly. Services also contributed to the momentum amid reduced Covid-19 restrictions. Higher commodity prices improved the fiscal position and enabled the Central Bank to quadruple its FX reserves. In 2022, growth should be elevated by regional standards. Continued high prices for key export commodities are likely supporting investment and further buoying government coffers. That said, rising food and energy prices could be dampening consumer spending. In June, violence broke out in the east of the country between the allegedly Rwandan-backed M23 group and the Congolese army, leading to subsequent anti-Rwanda protests which ended in looting. Internal security risks will continue to temper business sentiment.
DR Congo - Current Account Data
|Current Account (% of GDP)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Source: Central Bank of Congo
DR Congo Facts
|Exchange Rate||1,687||-0.78 %||Jan 01|
|Stock Market||0.6||0.0 %||Jan 07|
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