Democratic Republic of Congo
The DRC’s political environment presents elevated risk, and power struggles (which overlap with existing armed insurgencies) have a negative impact on the business and investment environment. Most of the economy remains based in the extractive sector and corruption and infrastructure gaps make business in all other sectors difficult.
Record high copper and cobalt mining output saw real GDP outperforming expectations last year, expanding by 5.8%. In 2019, economic growth is set to decelerate to 4.2% due to weaker international demand conditions, emanating from the global economic slowdown, and suppressed copper and cobalt prices. (Source: DRC Quarterly Update, published June 2019.)
Macroeconomic Data
(2018)
|
Fiscal Balance (as a % of GDP) |
-0.5 |
|
Consumer Price Index (% change y-o-y, avg) |
21.7 |
|
Current Account Balance (as a % of GDP) |
-5.0 |
|
Real GDP (annual % change) |
5.8 |
|
GDP per Capita, US$ |
512.5 |
|
Import Cover (months) |
0.6 |
|
Population, million |
84.2 |
| Total External Debt (as a % of GDP) |
12.0 |