Current Account in DR Congo

DR Congo Current Account | Economic News & Forecasts

DR Congo - Current Account

Incoming data suggests that growth has lost steam this year, after a robust turnout in 2018. While mining production recovered slightly in April–May, after slowing in the first quarter, lower global prices dragged on the sector. An acceleration in output of base metals in the first two months of Q2 was countered by a fall in prices following the escalation of the U.S.–China trade war in early May. This, coupled with a contraction in oil production in both April and May, likely weighed on merchandise export earnings. On 18 June, Moody’s downgraded the government’s credit rating from B3 to Caa1 with a stable outlook, citing the lack of a proper institutional framework to deal with economic or political shocks.

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

ValueChangeDate
Exchange Rate1,652-0.78 %Jul 11
Stock Market0.50.0 %Jul 11

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