Economy of Democratic Republic of Congo

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Gross Domestic Product 2012

GDP (purchasing power parity): $27.53 billion (2012 est.)

GDP real growth rate: 7.1%

GDP per capita (PPP): $400

GDP composition by sector

Agriculture: 38.4%

Industry: 25.9%

Services: 35.7%

Inflation: 6% in June of 2013

Currency: Franc Congolais (CDF)

Business Languages

The commercial languages include the following

French

(Ki)Swahili

Lingala

Tshiluba

Kikongo

Transport

The Democratic Republic of the Congo has fewer all-weather paved highways covering a total of 2250 kilometers, of which only 1226 km is in good condition

International highways, three routes in the Trans-African Highway network pass through DR Congo i.e. Tripoli-Cape Town Highway crosses the western extremity of the country on National Road No. 1 between Kinshasa and Matadi, a distance of 285 km and the Lagos-Mombasa Highway together with Beira-Lobito Highway are other alternatives being considered.

Water ways, the DRC has total length of water ways estimated at 15,000 km including the Congo River, its tributaries, and unconnected lakes more navigable rivers and moves more passengers and goods by boat and ferry than any other country in Africa. The 1000-kilometre Kinshasa-Kisangani route on the Congo River is the longest and best-known. It is operated by river tugs pushing several barges lashed together, and for the hundreds of passengers and traders these function like small floating towns. Kinshasa, with 7 km of river frontage occupied by wharfs and jetties, is the largest inland waterways port on the continent.

Energy in Democratic Republic of Congo

The major sources of the DRC in Angola include; coal, oil, wood, hydro power, bioenergy, solar energy, and geothermal energy among others.

Challenges in Democratic Republic of Congo

  • Weak institutional framework
  • Poor road infrastructure
  • Political instability
  • Tribal and regional conflicts
  • Weak education system
  • Poor governance
  • Limited access to health services
  • Sexual violence and discrimination against women
  • Low human development conditions
  • Poverty
  • Corruption

About The Author

John Muhaise-Bikalemesa (JMB), is the founder of Muhaise.com blog and bigdrumassociates.com company. Learn more about him here and connect with him on his social medias below

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