DR Congo Economic Forecast

DR Congo Economic Outlook

January 22, 2019

Opposition candidate Felix Tshisekedi clinched a surprise victory in the country’s long-awaited presidential election held on 30 December. Tshisekedi comfortably beat rival opposition candidate Martin Fayulu, who led the polls prior to the vote, thus sparking allegations of electoral fraud from Fayulu’s camp and the Catholic Church, which claim that the official count was inconsistent with leaked voting data. Despite mounting international pressure for a recount, the country’s Constitutional Court has nevertheless rejected Fayulu’s appeal for a recount and upheld Tshisekedi’s victory. While mining activity remains strong, uncertainty over the handover raises concerns over the potential hit to investor confidence that could jeopardize future investments.

DR Congo Economic Growth

Robust growth is expected again this year, thanks to a buoyant external sector. Domestic demand should also remain healthy, with declining inflation encouraging greater private spending. Prolonged political uncertainty and tighter global financing conditions, however, darken the outlook. Met the why particular panelists project growth of 4.0% in 2019, which is up 0.2 percentage points from last month’s forecast, and 4.3% in 2020.

DR Congo Economy Data

20132014201520162017
Population (million)77.079.381.784.186.7
GDP per capita (USD)424453464441434
GDP (USD bn)32.735.937.937.137.6
Economic Growth (GDP, annual variation in %)8.59.56.92.43.7
Fiscal Balance (% of GDP)2.00.1-0.2-1.0-  
Public Debt (% of GDP)20.017.516.116.8-  
Inflation Rate (CPI, annual variation in %)1.21.21.85.953.5
Policy Interest Rate (%)2.002.002.007.0020.00
Exchange Rate (vs USD)930.3911.0917.01,1651,592
Exchange Rate (vs USD, aop)922.1922.2918.3963.51,459
Current Account (% of GDP)-9.5-4.8-3.9-3.6-3.1
Current Account Balance (USD bn)-3.1-1.7-1.5-1.3-1.2
Trade Balance (USD billion)0.8-0.4-0.3-0.2-  
Exports (USD billion)11.612.311.311.0-  
Imports (USD billion)11.812.711.611.2-  
Exports (annual variation in %)32.86.1-16.5-3.0-  
Imports (annual variation in %)24.617.6-16.8-3.5-  
International Reserves (USD)1.71.61.40.80.8
External Debt (% of GDP)18.915.414.213.7-  

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DR Congo Facts

ValueChangeDate
Exchange Rate1,638-0.78 %Feb 14
Stock Market0.10.0 %Feb 14

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