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Democratic Republic of the Congo:
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Other pages in this profile of the Democratic Republic of the Congo:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
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Economy - overview |
Definition The economy of the Democratic Republic of the Congo - a nation endowed with vast potential wealth - is slowly recovering from two decades of decline. Conflict, which began in August 1998, dramatically reduced national output and government revenue, increased external debt, and resulted in the deaths of more than 3.5 million people from violence, famine, and disease. Foreign businesses curtailed operations due to uncertainty about the outcome of the conflict, lack of infrastructure, and the difficult operating environment. Conditions began to improve in late 2002 with the withdrawal of a large portion of the invading foreign troops. The transitional government reopened relations with international financial institutions and international donors, and President KABILA has begun implementing reforms, although progress is slow and the International Monetary Fund curtailed their program for the DRC at the end of March 2006 because of fiscal overruns. Much economic activity still occurs in the informal sector, and is not reflected in GDP data. Renewed activity in the mining sector, the source of most export income, boosted Kinshasa's fiscal position and GDP growth. Government reforms and improved security may lead to increased government revenues, outside budget assistance, and foreign direct investment, although an uncertain legal framework, corruption, and a lack of transparency in government policy are continuing long-term problems. |
GDP (purchasing power parity) |
Definition - World rank and map $18.84 billion (2007 est.) |
GDP (official exchange rate) |
Definition $10.14 billion (2007 est.) |
GDP - real growth rate |
Definition - World rank and map 6.3% (2007 est.) |
GDP - per capita |
Definition - World rank and map $300 (2007 est.) |
GDP - composition by sector |
Definition agriculture: 55% industry: 11% services: 34% (2000 est.) |
Labor force |
Definition 15 million (2006 est.) |
Labor force - by occupation |
Definition agriculture: NA% industry: NA% services: NA% |
Unemployment rate |
Definition - World rank and map NA% |
Population below poverty line |
Definition NA% |
Household income or consumption by percentage share |
Definition lowest 10%: NA% highest 10%: NA% |
Inflation rate (consumer prices) |
Definition - World rank and map 16.7% (2007 est.) |
Budget |
Definition revenues: $700 million expenditures: $2 billion (2006 est.) |
Agriculture - products |
Definition coffee, sugar, palm oil, rubber, tea, quinine, cassava (tapioca), palm oil, bananas, root crops, corn, fruits; wood products |
Industries |
Definition mining (diamonds, gold, copper, cobalt, coltan zinc), mineral processing, consumer products (including textiles, footwear, cigarettes, processed foods and beverages), cement, commercial ship repair |
Industrial production growth rate |
Definition - World rank and map NA% |
Electricity - production |
Definition - World rank and map 7.341 billion kWh (2005) |
Electricity - consumption |
Definition - World rank and map 5.272 billion kWh (2005) |
Electricity - consumption per capita |
Definition - World rank and map 79.3 kWh (2005) |
Electricity - exports |
Definition 1.8 billion kWh (2005) |
Electricity - imports |
Definition 6 million kWh (2005) |
Oil - production |
Definition - World rank and map 19,750 bbl/day (2005) |
Oil - consumption |
Definition - World rank and map 11,000 bbl/day (2005 est.) |
Oil - consumption per 1,000 people |
Definition - World rank and map 0.2 bbl/day (2005 est.) |
Oil - exports |
Definition - World rank and map 20,750 bbl/day (2004 est.) |
Oil - imports |
Definition - World rank and map 8,220 bbl/day (2006 est.) |
Oil - proved reserves |
Definition - World rank and map 187 million bbl (1 January 2006 est.) |
Natural gas - production |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - consumption |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - consumption per capita |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - exports |
Definition - World rank and map 0 cu m (2005 est.) |
Natural gas - imports |
Definition - World rank and map 0 cu m (2005) |
Natural gas - proved reserves |
Definition - World rank and map 950.5 million cu m (1 January 2006 est.) |
Current account balance |
Definition - World rank and map -$402 million (2007 est.) |
Exports |
Definition - World rank and map $1.587 billion f.o.b. (2006) |
Exports - commodities |
Definition diamonds, copper, crude oil, coffee, cobalt |
Exports - partners |
Definition Belgium 24.1%, China 22.3%, Brazil 12.8%, US 10%, Finland 7.4%, France 7% (2006) |
Imports |
Definition - World rank and map $2.263 billion f.o.b. (2006) |
Imports - commodities |
Definition foodstuffs, mining and other machinery, transport equipment, fuels |
Imports - partners |
Definition South Africa 17.6%, Belgium 10.9%, Zimbabwe 8%, France 7.3%, Zambia 6.8%, Kenya 6.8%, US 4.4%, Cote d'Ivoire 4.4% (2006) |
Debt - external |
Definition - World rank and map $10 billion (2006 est.) |
Market value of publicly traded shares |
Definition $NA |
Economic aid - recipient |
Definition $1.828 billion (2005) |
Currency (code) |
Definition Congolese franc (CDF) |
Exchange rates |
Definition Congolese francs per US dollar - NA (2007), 464.69 (2006), 437.86 (2005), 401.04 (2004), 405.34 (2003) |
Fiscal year |
Definition calendar year |
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