GDP in DR Congo

DR Congo GDP | Economic News & Forecasts

DR Congo - GDP

Mining activity lost traction in the first quarter of the year, as oil output expanded at a notably weaker pace and gold production swung to contraction. Moreover, lower cobalt prices, coupled with the increasing cost of doing business due to the new mining code, likely weighed on cobalt production in the quarter. In its Article IV mission that ended on 5 June, the IMF highlighted the need to cut red tape, simplify tax payments and step up efforts to combat corruption and rent-seeking in order to boost private sector investment. Meanwhile, former President Joseph Kabila continues to tighten his grip on Parliament, after the Constitutional Court disqualified 23 opposition members from the National Assembly in favor of candidates from Kabila’s Common Front for Congo.

DR Congo - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)8.5  9.5  6.9  2.4  3.7  

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Note: GDP, annual variation in %.
Source: Central Bank of Congo

DR Congo Facts

Exchange Rate1,650-0.78 %Jun 20
Stock Market0.40.0 %Jun 20

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