DR Congo - Economy
How is the economy of DR Congo? Based on the information we have, DR Congo has a very poor, large, natural resource-rich sub-Saharan country; possesses the world’s second largest rainforest; increasing Chinese extractive sector trade; massive decrease in government investments; increasing current account deficit and public debts. Key agricultural products in this country include: cassava, plantains, sugarcane, oil palm fruit, maize, rice, root vegetables, bananas, sweet potatoes, groundnuts (2022).
More about the economy of DR Congo
| Labor force | 35.983 million (2023 est.) |
|---|---|
| Industrial production growth rate | 14.56% (2023 est.) |
| Industries | mining (copper, cobalt, gold, diamonds, coltan, zinc, tin, tungsten), mineral processing, consumer products (textiles, plastics, footwear, cigarettes), metal products, processed foods and beverages, timber, cement, commercial ship repair |
| Population below poverty line | 63% (2014 est.) |
| Taxes and other revenues | 11.41% (of GDP) (2022 est.) |
| Fiscal year | |
| Exchange rates | |
| Currency | Congolese francs (CDF) per US dollar - |
| Exchange rates 2021 | 1,989.391 (2021 est.) |
| Exchange rates 2020 | 1,851.122 (2020 est.) |
| Exchange rates 2019 | 1,647.76 (2019 est.) |
| Exchange rates 2018 | 1,622.524 (2018 est.) |
| Exchange rates 2017 | 1,464.418 (2017 est.) |
| Debt - external | |
| Debt - external 2022 | $5.383 billion (2022 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2021 | $3.467 billion (2021 est.) |
| Reserves of foreign exchange and gold 2020 | $747.655 million (2020 est.) |
| Reserves of foreign exchange and gold 2019 | $1.194 billion (2019 est.) |
| Current account balance | |
| Current account balance 2021 | -$587.407 million (2021 est.) |
| Current account balance 2020 | -$1.052 billion (2020 est.) |
| Current account balance 2019 | -$1.693 billion (2019 est.) |
| Public debt | |
| Public debt 2022 | 15.99% of GDP (2022 est.) |
| Budget | |
| Revenues | $7.524 billion (2021 est.) |
| Expenditures | $5.109 billion (2021 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2023 | 2.05% of GDP (2023 est.) |
| Remittances 2022 | 2.05% of GDP (2022 est.) |
| Remittances 2021 | 2.44% of GDP (2021 est.) |
| Household income | |
| Lowest 10% | 2.1% (2020 est.) |
| Highest 10% | 35.8% (2020 est.) |
| Imports | |
| Imports 2021 | $22.193 billion (2021 est.) |
| Imports 2020 | $14.557 billion (2020 est.) |
| Imports 2019 | $16.892 billion (2019 est.) |
| Imports (partners) | China 33%, Zambia 10%, South Africa 10%, UAE 5%, India 4% (2022) |
| Comodities Imports force | refined petroleum, sulfur, plastic products, trucks, stone processing machines (2022) |
| Exports | |
| Imports 2021 | $22.193 billion (2021 est.) |
| Imports 2020 | $14.557 billion (2020 est.) |
| Imports 2019 | $16.892 billion (2019 est.) |
| Exports (partners) | China 55%, Singapore 5%, UAE 5%, Hong Kong 4%, Tanzania 4% (2022) |
| Comodities Exports force | refined copper, cobalt, copper ore, raw copper, crude petroleum (2022) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2023 | $154.012 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $141.867 billion (2022 est.) |
| Real GDP (purchasing power parity) 2021 | $130.244 billion (2021 est.) |
| GDP (official exchange rate) | $66.383 billion (2023 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2023 | $1,500 (2023 est.) |
| Real GDP per capita 2022 | $1,400 (2022 est.) |
| Real GDP per capita 2021 | $1,400 (2021 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 17.4% (2023 est.) |
| Industry | 46.5% (2023 est.) |
| Services | 33.5% (2023 est.) |
| GDP - composition, by end use | |
| Household consumption | 62.7% (2023 est.) |
| Government consumption | 7.9% (2023 est.) |
| Investment in fixed capital | 31.7% (2023 est.) |
| Investment in inventories | 0.4% (2023 est.) |
| Exports of goods and services | 44.2% (2023 est.) |
| Imports of goods and services | -47% (2023 est.) |
| Unemployment rate | |
| Unemployment rate 2023 | 4.54% (2023 est.) |
| Unemployment rate 2022 | 4.59% (2022 est.) |
| Unemployment rate 2021 | 5.27% (2021 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 8.6% (2023 est.) |
| Male | 10.9% (2023 est.) |
| Female | 6.7% (2023 est.) |
All Important Facts about DR Congo
Want to know more about DR Congo? Check all different factbooks for DR Congo below.
