Democratic Republic of the Congo

Economics, Political, and Trade Overview

Source: Feb 10, 2022 Economist Intelligence Unit

Democratic Republic of the Congo - In Short.

Overview of Democratic Republic of the Congo

The Kingdom of Kongo ruled the area around the mouth of the Congo River from the 14th to 19th centuries. To the center and east, the Kingdoms of Luba and Lunda ruled from the 16th and 17th centuries to the 19th century. in the 1870s, European exploration of the Congo Basin, sponsored by King Leopold II of Belgium, eventually allowed the ruler to acquire rights to the Congo territory and to make it his private property under the name of the Congo Free State. During the Free State, the king’s colonial military forced the local population to produce rubber. From 1885 to 1908, millions of Congolese people died as a result of disease and exploitation. International condemnation finally forced Leopold to cede the land to Belgium, creating the Belgian Congo.The Republic of the Congo gained its independence from Belgium in 1960, but its early years were marred by political and social instability. Col. Joseph MOBUTU seized power and declared himself president in a November 1965 coup. He subsequently changed his name – to MOBUTU Sese Seko – as well as that of the country – to Zaire. MOBUTU retained his position for 32 years through several sham elections, as well as through brutal force. Ethnic strife and civil war, touched off by a massive inflow of refugees in 1994 from conflict in Rwanda and Burundi, led in May 1997 to the toppling of the MOBUTU regime by a rebellion backed by Rwanda and Uganda and fronted by Laurent KABILA. KABILA renamed the country the Democratic Republic of the Congo (DRC), but in August 1998 his regime was itself challenged by a second insurrection again backed by Rwanda and Uganda. Troops from Angola, Chad, Namibia, Sudan, and Zimbabwe intervened to support KABILA’s regime. In January 2001, KABILA was assassinated and his son, Joseph KABILA, was named head of state. In October 2002, the new president was successful in negotiating the withdrawal of Rwandan forces occupying the eastern DRC; two months later, the Pretoria Accord was signed by all remaining warring parties to end the fighting and establish a government of national unity. Presidential, National Assembly, and provincial legislatures took place in 2006, with Joseph KABILA elected to office. National elections were held in November 2011 and disputed results allowed Joseph KABILA to be reelected to the presidency. While the DRC constitution barred President KABILA from running for a third term, the DRC Government delayed national elections originally slated for November 2016, to 30 December 2018. This failure to hold elections as scheduled fueled significant civil and political unrest, with sporadic street protests by KABILA’s opponents and exacerbation of tensions in the tumultuous eastern DRC regions. Presidential, legislative, and provincial elections were held in late December 2018 and early 2019 across most of the country. The DRC Government canceled presidential elections in the cities of Beni and Butembo (citing concerns over an ongoing Ebola outbreak in the region) as well as Yumbi (which had recently experienced heavy violence). Opposition candidate Felix TSHISEKEDI was announced the election winner on 10 January 2019 and inaugurated two weeks later. This was the first transfer of power to an opposition candidate without significant violence or a coup since the DRC’s independence.  The DRC, particularly in the East, continues to experience violence perpetrated by more than 100 armed groups active in the region, including the Allied Democratic Forces (ADF), the Democratic Forces for the Liberation of Rwanda (FDLR), and assorted Mai Mai militias. The UN Organization Stabilization Mission in the DRC (MONUSCO) has operated in the region since 1999 and is the largest and most expensive UN peacekeeping mission in the world.  
Value
Country Full Name
Democratic Republic of the Congo
Country Code
COD
Region
Sub-Saharan Africa
Income Group
Low income
Currency Unit
GDP
48716960860
Population
89561404
Land Area
2267050
Net National Income Per Capita
378.0024576
GDP per Capita (PPP)
1141.819133

2020 GDP Growth Rate (Current USD)

2020 GDP Per Capita (Current USD)

2020 Urbanization Rate (%)

2020 Total Fertility Rate (Birth Per Woman)

Doing Business Score (100= Most Friendly)

Democratic Republic of the Congo - Economic

Economy of Democratic Republic of the Congo

The economy of the Democratic Republic of the Congo – a nation endowed with vast natural resource wealth – continues to perform poorly. Systemic corruption since independence in 1960, combined with countrywide instability and intermittent conflict that began in the early-90s, has reduced national output and government revenue, and increased external debt. With the installation of a transitional government in 2003 after peace accords, economic conditions slowly began to improve as the government reopened relations with international financial institutions and international donors, and President KABILA began implementing reforms. Progress on implementing substantive economic reforms remains slow because of political instability, bureaucratic inefficiency, corruption, and patronage, which also dampen international investment prospects.Renewed activity in the mining sector, the source of most export income, boosted Kinshasa’s fiscal position and GDP growth until 2015, but low commodity prices have led to slower growth, volatile inflation, currency depreciation, and a growing fiscal deficit. An uncertain legal framework, corruption, and a lack of transparency in government policy are long-term problems for the large mining sector and for the economy as a whole. Much economic activity still occurs in the informal sector and is not reflected in GDP data.Poverty remains widespread in DRC, and the country failed to meet any Millennium Development Goals by 2015. DRC also concluded its program with the IMF in 2015. The price of copper – the DRC’s primary export – plummeted in 2015 and remained at record lows during 2016-17, reducing government revenues, expenditures, and foreign exchange reserves, while inflation reached nearly 50% in mid-2017 – its highest level since the early 2000s.

Unemployment Rate

Inflation Rate

Democratic Republic of the Congo - GDP Composition

GDP Composiiton & Value Added of Democratic Republic of the Congo

Last Updated: Jan, 2021, Updated For 2020.

Democratic Republic of the Congo - GDP, Value Added

Demographics of Democratic Republic of the Congo

urban clusters are spread throughout the country, particularly in the northeast along the boarder with Uganda, Rwanda, and Burundi; the largest city is the capital, Kinshasha, located in the west along the Congo River; the south is least densely populated as shown in this population distribution map
Geographic Location

Central Africa, northeast of Angola

Races

more than 200 African ethnic groups of which the majority are Bantu; the four largest tribes - Mongo, Luba, Kongo (all Bantu), and the Mangbetu-Azande (Hamitic) - make up about 45% of the population

Languages

French (official), Lingala (a lingua franca trade language), Kingwana (a dialect of Kiswahili or Swahili), Kikongo, Tshilubamajor-language

Religion

Roman Catholic 29.9%, Protestant 26.7%, other Christian 36.5%, Kimbanguist 2.8%, Muslim 1.3%, other (includes syncretic sects and indigenous beliefs) 1.2%, none 1.3%, unspecified .2% (2014 est.)

Dependency & Expectancy of Democratic Republic of the Congo

Last Updated: Jan, 2021

Dependency Ratio

Expectancy

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Democratic Republic of the Congo - Social Media Briefing

Democratic Republic of the Congo - Social Media & Social Commerce

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Politics & Policies of Democratic Republic of the Congo

2021 Policies Overview

Updated Coming in March 2021 after our team finish summarizing countries policy.

International Organizations

ACP, AfDB, AU, CEMAC, CEPGL, COMESA, EITI (compliant country), FAO, G-24, G-77, IAEA, IBRD, ICAO, ICC (NGOs), ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), MIGA, NAM, OIF, OPCW, PCA, SADC, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO

Import of Democratic Republic of the Congo

Export of Democratic Republic of the Congo

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