Current Account in DR Congo

DR Congo Current Account | Economic News & Forecasts

DR Congo - Current Account

The economy likely gained pace in the third quarter on continued strong activity in the mining and hydrocarbon sector, characterized by sharp upturns in the overseas sales of copper and cobalt—two of the country’s key export commodities. Revenues shot up by almost one-and-a-half times over this period. On 3 December, the government declared cobalt a “strategic” substance and announced an almost three-fold rise in the royalty rate that miners will pay on the commodity, potentially endangering future investments. In the political arena, violence recently erupted in the east of the country between the army and rebels ahead of the long overdue presidential election scheduled for 23 December.

DR Congo - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-9.5  -4.8  -3.9  -3.6  -3.1  

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

DR Congo Facts

ValueChangeDate
Exchange Rate1,646-0.78 %Jan 16
Stock Market0.10.0 %Jan 16

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