Current Account in DR Congo
DR Congo - Current Account (billions of U.S. Dollars)Following a subdued H1 as a result of the Covid-19 hit, although the blow was cushioned somewhat by mines continuing to operate despite the adverse health situation, economic conditions seem to have improved so far in H2. The production of copper, one of the country’s main exports alongside cobalt, remained robust in Q3, which, coupled with rallying prices for the commodity since their pandemic-induced collapse in March, bodes well for the external sector. Moreover, crude oil output picked up in Q3, while zinc production soared in September, likely providing further support. Domestic activity also seems to have benefited from easing price pressures and increased exchange rate stability recently. Lastly, business sentiment regarding the current economic environment turned optimistic in October, hinting at a positive start for the final quarter of the year.
DR Congo - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-||-||-||-||-|
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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