The Democratic Republic of Congo (DRC), with an area equivalent to that of Western Europe, is the largest country in sub-Saharan Africa. It boasts exceptional natural resources, including mineral deposits (cobalt, copper, etc.), significant hydroelectric potential, vast arable land, tremendous biodiversity, and the second largest rainforest in the world.
In 2022, the DRC was the third fastest-growing country in Africa. Real GDP growth was revised upwards to 8.5% by the IMF in a report published on February 15, 2023.
Growth is driven by an improvement in commodity prices, but this improvement is also due to good macroeconomic management. (World Bank)
We note the good performance of the Extraction, Transport and Telecommunications branches.
The budget deficit remained under control, at less than 31% of GDP. Debt is one of the lowest in sub-Saharan Africa, at less than 25% of GDP.
These actions are also reflected in the stability of the exchange rate against foreign currencies, particularly the US dollar. Foreign exchange reserves have increased fivefold in two years.
GDP: $50.4 billion in 2019, $49.87 billion in 2020, $55.35 billion in 2021. Forecast for 2023: + $70 billion GDP.
The national executive considers 2023 as the year of major challenges. The Government's efforts will be focused on mobilizing domestic resources, with a view to continuing the implementation of public policies set out in its Action Program, supported by the National Strategic Development Plan 2019-2023 and the Grassroots Development Program for 145 territories.
GDP by sector: agriculture: 19.7%; industry: 43.6%; services: 36.7%.
