Economy Congo, Democratic Republic of the
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 and has increased external debt. 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, 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, and President KABILA has begun implementing reforms.
GDP: purchasing power parity - $32 billion (2001 est.)
GDP - real growth rate: -4% (2001 est.)
GDP - per capita: purchasing power parity - $590 (2001 est.)
GDP - composition by sector: agriculture: 54% industry: 9% services: 37% (1999 est.)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices): 358% (2001 est.)
Labor force: 14.51 million (1993 est.)