Congo, Democratic Republic of the Economy
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 new government instituted a tight fiscal policy that initially curbed inflation and currency depreciation, but these small gains were quickly reversed when the foreign-backed rebellion in the eastern part of the country began in August 1998. The war has dramatically reduced national output and government revenue and has increased external debt. Foreign businesses have curtailed operations due to uncertainty about the outcome of the conflict and because of increased government harassment and restrictions. The war has intensified the impact of such basic problems as an uncertain legal framework, corruption, raging inflation, and lack of openness in government economic policy and financial operations. A number of IMF and World Bank missions have met with the government to help it develop a coherent economic plan but associated reforms are on hold.
GDP: purchasing power parity - $31 billion (2000 est.)
GDP - real growth rate: -15% (2000 est.)
GDP - per capita: purchasing power parity - $600 (2000 est.)
GDP - composition by sector: agriculture: 58%
industry: 17%
services: 25% (1997 est.)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: NA%