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Flag of the democratic republic of Congo.  This page is about the gdp of congo and living conditions of Congolese peopleEconomy of Congo DR

The Democratic Republic of the Congo is a nation endowed with vast potential wealth.  Conditions improved in late 2002 with the withdrawal of a large portion of the invading foreign troops.

The transitional government has reopened relations with international financial institutions and international donors, and President KABILA has begun implementing reforms. Much economic activity lies outside the GDP data.

In 2005, renewed activity in the mining sector, the source of most exports, boosted Kinshasa's fiscal position and GDP growth.

Business and economic prospects are expected to improve once a new government is installed after elections.

   

Facts on the Economy of Congo DR

GDP of Congo (purchasing power parity):
$40.67 billion (2005 est.)
GDP of Congo DR (official exchange rate):
$7.328 billion (2005 est.)
GDP of Congo DR- real growth rate:
6.5% (2005 est.)
GDP of Congo DR- per capita (PPP):
$700 (2005 est.)
GDP of the Democratic Republic of Congo- composition by sector:
agriculture: 55%
industry: 11%
services: 34% (2000 est.)
Labor force in Congo DR Africa:
NA
Labor force in the Democratic Republic of Congo - by occupation:
agriculture: NA%
industry: NA%
services: NA%
Unemployment rate of Congolese:
NA%
Population of Congo below poverty line:
NA%
Household income or consumption of Congolese by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices):
9% (2004 est.)
Budget of the Democratic Republic of Congo:
revenues: $700 million
expenditures: $750 million; including capital expenditures of $24 million (2004 est.)
Agriculture of the Democratic Republic of Congo - products:
coffee, sugar, palm oil, rubber, tea, quinine, cassava (tapioca), palm oil, bananas, root crops, corn, fruits; wood products
Industries in the Democratic Republic of Congo:
mining (diamonds, copper, zinc), mineral processing, consumer products (including textiles, footwear, cigarettes, processed foods and beverages), cement, commercial ship repair
Industrial production growth rate:
NA%
Electricity production of Congolese:
6.036 billion kWh (2003)
Electricity production of the Democratic Republic of Congo by source:
fossil fuel: 1.8%
hydro: 98.2%
nuclear: 0%
other: 0% (2001)
Electricity consumption by Congolese:
4.324 billion kWh (2003)
Electricity exports by Congolese:
1.3 billion kWh (2003)
Electricity imports by Congo DR:
10 million kWh (2003)
Oil production of Congo DR Africa:
22,000 bbl/day (2003)
Oil consumption on Congo DR:
8,300 bbl/day (2003 est.)
Oil exports by Congolese:
NA bbl/day
Oil imports by Congolese:
NA bbl/day
Oil proved reserves in Congo DR:
1.538 billion bbl (1 January 2002)
Natural gas production by Congolese:
0 cu m (2003 est.)
Natural gas consumption by Congo DR:
0 cu m (2003 est.)
Natural gas proved reserves:
991.1 million cu m (1 January 2002)
Exports of Congolese:
$1.108 billion f.o.b. (2004 est.)
Exports commodities of Congolese:
diamonds, copper, crude oil, coffee, cobalt
Exports partners of The Democratic Republic of Congo:
Belgium 37.8%, US 17.8%, China 11.6%, Finland 9%, France 7.9%, Chile 4.3% (2005)
Imports of Congo DR Central Africa:
$1.319 billion f.o.b. (2004 est.)
Imports commodities of the Democratic Republic of Congo:
foodstuffs, mining and other machinery, transport equipment, fuels
Imports partners of the Democratic Republic of Congo:
South Africa 17.1%, Belgium 15.7%, France 9%, Zambia 8.4%, Kenya 5.9%, Germany 4.6%, US 4.5%, Cote d'Ivoire 4.3% (2005)
Debt of Congolese external:
$10.6 billion (2003 est.)
Economic aid to Congolese recipient:
$2.2 billion (FY03/04)
Currency of Congo DR (code):
Congolese franc (CDF)
Currency code:
CDF
Exchange rates of Congo Congolese Franc CDF:
Congolese francs per US dollar - 437.86 (2005), 401.04 (2004), 405.34 (2003), 346.49 (2002), 206.62 (2001)
Fiscal year of Congolese Franc CDF:
calendar year

 

 

 

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