Economy Of Congo, Democratic Republic of the - Congo, Democratic Republic of the Information

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Economy Of Congo, Democratic Republic of the
Congo, Democratic Republic of the Information - Country Guides

Economy overview	The economy of the Democratic Republic of the Congo - a nation endowed with vast potential wealth - has declined drastically since the mid-1980s. The war, which began in August 1998, has dramatically reduced national output and government revenue, has increased external debt, and has resulted in the deaths from war, famine, and disease of perhaps 3.5 million people. Foreign businesses have curtailed operations due to uncertainty about the outcome of the conflict, lack of infrastructure, and the difficult operating environment. The war has intensified the impact of such basic problems as an uncertain legal framework, corruption, inflation, and lack of openness in government economic policy and financial operations. Conditions improved in late 2002 with the withdrawal of a large portion of the invading foreign troops. Several IMF and World Bank missions have met with the government to help it develop a coherent economic plan, and President KABILA has begun implementing reforms. Much economic activity lies outside the GDP data. Economic stability, aided by international donors, improved in 2003. New mining contracts have been approved, which - combined with high mineral and metal prices - could improve Kinshasa's fiscal position and GDP growth.
GDP	purchasing power parity - $40.05 billion (2004 est.)
GDP - real growth rate	6.5% (2004 est.)
GDP - per capita	purchasing power parity - $700 (2004 est.)
GDP - composition by sector	agriculture: 55% industry: 11% services: 34% (2000 est.)
Investment gross fixed
Population below poverty line	NA
Household income or consumption by percentage share	lowest 10%: na highest 10%: na
Distribution of family income - Gini index
Inflation rate consumer prices	14% (2003 est.)
Labor force	14.51 million (1993 est.)
Labor force by occupation	NA
Unemployment rate	NA (2003 est.)
Budget	revenues: $269 million expenditures: $244 million, including capital expenditures of $24 million (1996 est.)
Public debt
Agriculture products	coffee, sugar, palm oil, rubber, tea, quinine, cassava (tapioca), palm oil, bananas, root crops, corn, fruits; wood products
Industries	mining (diamonds, copper, zinc), mineral processing, consumer products (including textiles, footwear, cigarettes, processed foods and beverages), cement
Industrial production growth rate	NA
Electricity production	5.243 billion kWh (2001)
Electricity production by source	fossil fuel: 1.8% hydro: 98.2% other: 0% (2001) nuclear: 0%
Electricity consumption	3.839 billion kWh (2001)
Electricity exports	1.097 billion kWh (2001)
Electricity imports	60 million kWh (2001)
Oil production	24,000 bbl/day (2001 est.)
Oil consumption	14,000 bbl/day (2001 est.)
Oil exports	NA (2001)
Oil imports	NA (2001)
Oil proved reserves	1.538 billion bbl (1 January 2002)
Natural gas production
Natural gas consumption
Natural gas exports
Natural gas imports
Natural gas proved reserves	104.8 billion cu m (1 January 2002)
Current account balance
Exports	$1.417 billion f.o.b. (2002 est.)
Exports commodities	diamonds, copper, crude oil, coffee, cobalt
Exports partners	Belgium 54.9%, US 15.4%, Zimbabwe 11.1%, Finland 4.8% (2003)
Imports	$933 million f.o.b. (2002 est.)
Imports commodities	foodstuffs, mining and other machinery, transport equipment, fuels
Imports partners	South Africa 17%, Belgium 14.9%, France 12.6%, Germany 6.8%, Kenya 5.4%, Netherlands 4% (2003)
Reserves of foreign exchange gold
Debt external	$11.6 billion (2000 est.)
Economic aid recipient	$195.3 million (1995)
Currency	Congolese franc (CDF)
Currency code	CDF
Exchange rates	Congolese francs per US dollar - NA (2003), 346.485 (2002), 206.617 (2001), 21.82 (2000), 4.02 (1999)
Fiscal year	calendar year

Introduction and Background to Congo, Democratic Republic of the | Geography Of Congo, Democratic Republic of the | People Of Congo, Democratic Republic of the | Government Of Congo, Democratic Republic of the | Communications Of Congo, Democratic Republic of the | Transportation Of Congo, Democratic Republic of the | Military Of Congo, Democratic Republic of the | Transnational Issues Of Congo, Democratic Republic of the

Congolese Flag Map Of Congo, Democratic Republic of the Lingala language Tshiluba language

Economy Of Congo, Democratic Republic of theCongo, Democratic Republic of the Information - Country Guides

Economy Of Congo, Democratic Republic of the
Congo, Democratic Republic of the Information - Country Guides