The economy of the Democratic Republic of the Congo - a nation endowed with vast natural resource wealth - continues to perform poorly. Systemic corruption since independence in 1960, combined with countrywide instability and intermittent conflict that began in the early-90s, has reduced national output and government revenue, and increased external debt. With the installation of a transitional government in 2003 after peace accords, economic conditions slowly began to improve as the government reopened relations with international financial institutions and international donors, and President KABILA began implementing reforms. Progress on implementing substantive economic reforms remains slow because of political instability, bureaucratic inefficiency, corruption, and patronage, which also dampen international investment prospects. ++ Renewed activity in the mining sector, the source of most export income, boosted Kinshasa's fiscal position and GDP growth until 2015, but low commodity prices have led to slower growth, volatile inflation, currency depreciation, and a growing fiscal deficit. An uncertain legal framework, corruption, and a lack of transparency in government policy are long-term problems for the large mining sector and for the economy as a whole. Much economic activity still occurs in the informal sector and is not reflected in GDP data. ++ Poverty remains widespread in DRC, and the country failed to meet any Millennium Development Goals by 2015. DRC also concluded its program with the IMF in 2015. The price of copper – the DRC's primary export - plummeted in 2015 and remained at record lows during 2016-17, reducing government revenues, expenditures, and foreign exchange reserves, while inflation reached nearly 50% in mid-2017 – its highest level since the early 2000s.

Moody's rating: Caa1 (2019)

Standard & Poors rating: CCC+ (2017)

coffee, sugar, palm oil, rubber, tea, cotton, cocoa, quinine, cassava (manioc, tapioca), bananas, plantains, peanuts, root crops, corn, fruits; wood products

mining (copper, cobalt, gold, diamonds, coltan, zinc, tin, tungsten), mineral processing, consumer products (textiles, plastics, footwear, cigarettes), metal products, processed foods and beverages, timber, cement, commercial ship repair

calendar year

China 41.4%, Zambia 22.7%, South Korea 7.2%, Finland 6.2% (2017)

diamonds, copper, gold, cobalt, wood products, crude oil, coffee

foodstuffs, mining and other machinery, transport equipment, fuels

China 19.9%, South Africa 18%, Zambia 10.4%, Belgium 9.1%, India 4.3%, Tanzania 4.2% (2017)

Congolese francs (CDF) per US dollar -

general assessment: poorly developed national and international infrastructure; bandwidth is limited; Internet pricing is expensive; domestic satellite system with 14 earth stations; wars and social upheaval have not promoted advancement; a revised Telecommunications Act adopted in May 2018; govt. only loosely regulates the telecom sector, much of the investment is from donor countries (specifically China) (2020)

domestic: fixed-line connections less than 1 per 100 persons; given the backdrop of a wholly inadequate fixed-line infrastructure, the use of mobile-cellular services is over 43 per 100 persons (2019)

international: country code - 243; ACE and WACS submarine cables to West and South Africa and Europe; satellite earth station - 1 Intelsat (Atlantic Ocean) (2019)

state-owned TV broadcast station with near national coverage; more than a dozen privately owned TV stations - 2 with near national coverage; 2 state-owned radio stations are supplemented by more than 100 private radio stations; transmissions of at least 2 international broadcasters are available

.cd

9Q (2016)

62 km gas, 77 km oil, 756 km refined products (2013)

by type: general cargo 4, oil tanker 2, other 15 (2019)

主要海港: Banana

river or lake port(s): Boma, Bumba, Kinshasa, Kisangani, Matadi, Mbandaka (Congo)