21, Nov 2009, CST. Welcome to the Congo economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

Economic Indicators For: Congo, Democratic Republic of the › Change country
National or Regional Currency: New Zaire, CDZ
Year of data: 2008 › Change year
Number of Indicators Listed: 19
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 68692542 note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the di
Area: total: 2,345,410 sq km land: 2,267,600 sq km water: 77,810 sq km
Natural Resources: cobalt, copper, niobium, tantalum, petroleum, industrial and gem diamonds, gold, silver, zinc, manganese, tin, uranium, coal, hydropower, timber
Government Type: Congo, Democratic Republic of the government type
Government Ministers: Congo, Democratic Republic of the ministers
Capital: Kinshasa
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

its economy of the Democratic Republic of the Congo - a country endowed with vast potential wealth - is slower than hoped recovering from two ten yearss of decline. Conflict that began in August 1998 has dramatically reduction ofd national output and government revenue, increased external public state debt, and resulted in the deaths of more than 5 mn people from violence, famine, and disease. Foreign businesses curtailed operations due to uncertainty approximately the outcome of the dispute, lack of infrastructure and facilities, and the difficult operating environment. Conditions began to improve in late 2002 with the withdrawal of a large portion of the invading foreign troops. The transitional government reopen or open or freeed relations with international financial institutions and international donors, and President KABILA began implementing reform, although progress has been delayed and the international Monetary Fund curtailed their program for the DRC at the end of March 2006 because of financial overruns. Much economic activity still occurs in the informal sector, and is not reflected in Gross Domestic Product (GDP) information. Renewed activity in the mining sector, the source of most export income, boosted Kinshasa's financial position and Gross Domestic Product (GDP) growth from 2006-2008, however, renewed strife in the second half of 2008, combined with a fall in world market prices or pricing for the DRC's key mineral exports inflicted serious damage on its economy and halted growth. reform to the state may lead to increased government earnings, outside budget aid, and Foreign Direct Investment (FDI), although an uncertain legal framework, corruption (including cronyism and nepotism), a lack of transparency andopen or freeness in government policy are long-term problems. The DRC government has applied to the International Monetary Fund (IMF) for an Exogenous Shock Facility in the amount of US$200 mn to aid it deal with its deteriorating financial situation, and the World Bank (WB) will consider a separate US$100 mn in emergency funding. The global financial crisis likely will cut growth of the economy in 2009 to half its 2008 level.
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GDP (Constant Prices, National Currency) for Congo in year 2008 is CDZ 436.361 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Congo in year 2008 is 6.197 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Congo in year 2008 is CDZ 6,526.48 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Congo in year 2008 is US$ 11.589 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Deflator for Congo in year 2008 is 1,495.66 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Congo in year 2008 is CDZ 6,939.02 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Congo in year 2008 is CDZ 103,784.24 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Congo in year 2008 is US$ 184.281 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

Output Gap, Percent of Potential GDP for Congo in year 2008 is not available

GDP (PPP), US Dollars for Congo in year 2008 is US$ 20.639 Billion. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Per Capita (PPP), US Dollars for Congo in year 2008 is US$ 328.206 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Share of World Total (PPP) for Congo in year 2008 is 0.031 %. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Implied PPP Conversion Rate for Congo in year 2008 is 316.216 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Investment (% of GDP) for Congo in year 2008 is not available

Gross National Savings (% of GDP) for Congo in year 2008 is not available

Inflation, Average Consumer Prices (Indexed to Year 2000) for Congo in year 2008 is 1,272.21 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Congo in year 2008 is 17.966 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Congo in year 2008 is 624.164 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Congo in year 2008 is 27.572 %. Data for inflation are end of the period, not annual average data.

Six-month London Interbank Offered Rate (LIBOR) Change % for Congo in year 2008 is not available

Unemployment Rate (% of Labour Force) for Congo in year 2008 is not available

Employment for Congo in year 2008 is not available

Population for Congo in year 2008 is 62.885 Million .

General Government Balance (National Currency) for Congo in year 2008 is not available

General Government Balance (% of GDP) for Congo in year 2008 is not available

General Government Structural Balance (National Currency) for Congo in year 2008 is not available

General Government Structural Balance (% Potential GDP) for Congo in year 2008 is not available

General Government Net Debt (National Currency) for Congo in year 2008 is not available

General Government Net Debt (% GDP) for Congo in year 2008 is not available

General Government Gross Debt (National Currency) for Congo in year 2008 is not available

General Government Gross Debt (% GDP) for Congo in year 2008 is not available

Current Account Balance (US Dollars) for Congo in year 2008 is US$ -1.783 Billion. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.

Current Account Balance (% GDP) for Congo in year 2008 is -15.384 %. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.