GDP in DR Congo
DR Congo - GDPEconomic growth lost traction last year, with GDP expanding 4.6% on an annual basis after expanding 5.8% in 2018. Seemingly, the slowdown reflected deteriorating mining activity for the better part of the year amid declines in output of cobalt, diamond and gold. Moreover, subdued global base metal prices owing to the U.S.–China trade spat, are likely to have weighed on the external sector last year. Meanwhile, on 23 December, the IMF approved an USD 368 million loan to the country under its Rapid Credit Facility to support the government’s effort to restore economic stability. The Fund also left the door open for a second loan in H2 2020 under the Extended Credit Facility, provided key reforms are met. In an effort to boost transparency, authorities began plans in January to take back and auction two oil licenses dubiously granted by the previous government to an Israeli mogul sanctioned by the U.S.
DR Congo - GDP Data
|Economic Growth (GDP, annual variation in %)||-||-||-||-||-|
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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