The Economic Situation of the Congo DRC

The Democratic Republic of the Congo is the source of many global challenges, including climate change, conflict, and poverty. While the DRC is a very poor and unstable place, tourism is growing rapidly.

The DRC ranks 175 out of 189 countries in the 2020 Human Development Index. Although some of its indicators improved from 2018 to 2020, the country remains far below the SSA average of 4.0. This means that a child born in the DRC will not be as productive as one who was born in another part of Africa. Meanwhile, a child in the DRC receives only 9.1 years of schooling, or Learning-adjusted Years of School. It is also home to a large number of malnourished children (approximately 43% of children), who spend most of their time in the kitchen of their host families.

Inflation in the DRC has risen over the last decade. Between 2000 and 2012, the country’s inflation was around 4%. However, this increased to 54.7% in 2016. In addition, the DRC’s economy has been weaken by persistent conflict and weakened institutions. In 2016 and 2017, the country’s economy suffered a decline in mineral prices. Growth recovered slightly to 5.9% in 2017, but dropped to 4.5% in 2018 and 2.2% in 2019. Despite the drop in copper prices, the DRC has still managed to maintain high commodity exports, with copper mines exporting 1.31 million tons by end of 2020. In 2019, the DRC exported a total of 1.42 million tons of copper, making the country the sixth largest copper producer in the world.

The DRC’s economy is based on agriculture. In 2004, it accounted for 42.5% of the country’s GDP. The main cash crops in the DRC is coffee, sugar, palm oil, rubber, tea, cocoa, and cocoa. Aside from agriculture, it also has other industries such as mining, and forestry.

Despite its history of civil war, the DRC’s economy has survived the turmoil. The DRC has a relatively high population and has suffered two major civil wars. Its population is spread across 10 provinces and one city. It has over 200 ethnic groups, including the majority Bantu people. In 2011, the DRC’s population consisted of 75 million people.

While there are many conflicting reports, there are several books on the DRC that detail the country’s recent history and political situation. Doomed to Disaster? is a book by Andreas Exenberger. “History of the Congo” by Ch. Didier Gondola, published by Routledge, is a more comprehensive overview of the conflict in the DRC. It is an invaluable resource for anyone who is interested in the country’s history.