Democratic republic of congo economy facts

The smaller city on the north side of the river is brazzaville, while the larger, kinshasa, is on the south side. Democratic republic of the congo unemployment rate data. Jan 21, 2017 the democratic republic of congo not to be confused with its smaller neighbour, the republic of congo is the second largest country in africa and the 11th largest in the world. Check out our country profile, full of essential information about congo, democratic republic of thes geography, history, government, economy, population, culture, religion and languages. Economic indicators for democratic republic of the congo including actual values. The democratic republic of congo is widely considered to be the richest country in the world regarding natural resources. A bridge across the congo river still needs to be constructed to connect the two political centers.

For that indicator, the world bank provides data for democratic republic of the congo from 1991 to 2019. The democratic republic of the congo is a different country from the republic of the congo. Systemic corruption since independence in 1960, combined with countrywide instability. This page provides forecast and historical data, charts, statistics, news and updates for democratic republic of the congo real government consumption. In 1880, french colonizers started arriving in congo. Africa congo, democratic republic of the the world factbook. Much economic activity still occurs in the informal sector and is not reflected in gdp data. The slowdown chiefly reflected a downturn in output in the allimportant mining sector, as external headwinds stemming from the u. The democratic republic of the congo pronunciation help info french.

Congo is located in the centralwestern part of subsaharan africa, along the equator, lying between latitudes 4n and 5s, and longitudes 11 and 19e. Facts about poverty in the democratic republic of the. Most news headlines from the democratic republic of the congo drc have one thing in commontheir focus on conflict, particularly in the eastern part of the. With 80 million hectares of arable land and over 1,100 listed minerals and precious metals, the drc has the potential to become. If you look at congo based on the area, it is ranked as the second largest country in africa. The democratic republic of the congo drc is the worlds largest producer of cobalt ore, and a major producer of copper and diamonds. Infoplease has everything you need to know about congo, democratic republic of the. The facts about poverty in the democratic republic of the congo drc reveal that poverty in the country is a result of the combination of conflict spilling over from neighboring african nations and an embedded culture of governmental corruption.

It also has deposits of petroleum, coal, copper, cobalt, zinc, and gold. The democratic republic of the congos economic freedom score is 49. Facts about poverty in the democratic republic of the congo. Latest news and information from the world bank and its development work in congo, democratic republic of.

The democratic republic of congo is a country in africa. Learn more about the republic of congo economy, including the population of republic of congo, gdp, facts, trade, business, inflation and other data and analysis on its economy from the index of. The democratic republic of the congo lies in the area of africa with the highest number of cases of aids. To the south and east of it is the democratic republic of the congo. The countrys major topographical features include a large river basin, a major valley, high plateaus. The economy of the republic of the congo is a mixture of subsistence hunting and agriculture, an industrial sector based largely on petroleum extraction and support services, and a government spending, characterized by budget problems and overstaffing. Feb 28, 2020 democratic republic of the congo, country located in central africa. It boasted a thriving mining sector and its agriculture sector was relatively productive. At independence in 1960, the formal economy of congo was based almost entirely on the extraction of minerals, primarily copper and diamonds. The economy of the democratic republic of the congo has declined drastically since the mid1980s, despite being home to vast potential in natural resources and mineral wealth. Cia world fact book all values, unless otherwise stated, are in us dollars. The largest francophone country in africa, the democratic republic of congo drc, endowed with vast natural resources, has nearly 80 million inhabitants, fewer than 40% of whom live in urban areas.

Congo, democratic republic of the economy 2020, cia world. Interesting facts about the democratic republic of congo. Democratic republic of the congo democratic republic of the congo economy. Rcf combined with a staffmonitored program until may 2020. Congo s mineral wealth is the mainstay of the economy, but the development of the mining industry has occurred at the expense of commercial agriculture. The democratic republic of the congo is a republic governed by a oneparty system. Democratic republic of congo overview world bank group. Congo is bounded to the north by the central african republic and south sudan. Officially known as the democratic republic of the congo, the country has a 25mile 40km coastline on the atlantic ocean but is otherwise landlocked. Congo is the second largest country in the african continent. With an area of 2,345,409 square kilometers 905,567 square miles, the democratic republic of the congo is the eleventhlargest country in the world, and the second largest in africa after algeria. The democratic republic of congos economic freedom score is 50.

Real government consumption for democratic republic of the congo from the world bank for the world development indicators wdi release. The economy of the democratic republic of the congo has declined drastically since the. This page has economic forecasts for republic of the congo including a longterm outlook for the next decades, plus mediumterm expectations for the next four quarters and shortterm market predictions for the next release affecting the republic of the congo economy. Access congo, democratic republic ofs economy facts, statistics, project information, development research from experts and latest news. Nov 17, 2018 top 10 facts about poverty in the democratic republic of the congo. The democratic republic of congo is one of those countries many people dont know much about.

Democratic republic of the congo real government consumption. Dr congo is a vast country with immense economic resources and, until recently, has been. Kinshasa and brazzaville in the nextdoor republic of congo are the closest capital cities in the world with the exception of vatican city and rome. The democratic republic of congo drc is host to one of the worlds most complex and longstanding humanitarian crises, centered particularly in the east of the country.

Today, we decided to gather the facts that will help our readers to learn more about this african country with a unique culture. Learn more about the democratic republic of congo economy, including the population of democratic republic of congo, gdp, facts, trade, business, inflation. The country is called and known by different name variations. The democratic republic of the congo is the second largest country in africa. Democratic republic of the congo kids britannica kids. Dec 23, 2019 the democratic republic of the congos fragile economy faces many longstanding challenges and remains highly vulnerable to shocks. The economy s growth spurted under belgian control in the 1950s, slowed considerably during the countrys postindependence troubles in the early.

Democratic republic of the congo economic indicators. Economic growth between 2005 and 2012 was associated with a moderate reduction in poverty in the drc. Five takeaways from democratic republic of the congos imf. They decided that the countrys federal capital would be the city of brazzaville and they began exploring the republic of congos natural resources, even though it cost them several congolese lives. Democratic republic of congo economic outlook african. Angola, burundi, the central african republic, the republic of congo, rwanda, south sudan, tanzania, uganda, and zambia. Unique congo, democratic republic of the content for tourists, students, business or those interested in our world. Democratic republic of the congo maps, geography, facts. Similarly, it is potentially one of the richest countries in the world. Since then, corruption, war and political instability have been a severe detriment. The democratic republic of congo has a population of approximately 78 million people. Mar 01, 2018 facts about democratic republic of congos culture, geography, and history.

Congo, democratic republic of the overview customs and culture diet and recipes language religion students life interesting facts. What you never knew about the democratic republic of congo. The average value for democratic republic of the congo during that period was 3. Economy of the democratic republic of the congo wikipedia. At the time of its independence in 1960, the democratic republic of the congo was the second most industrialized country in africa after south africa.

Africa congo, democratic republic of the the world. Democratic republic of congo united states trade representative. As of 1 january 2017, the population of democratic republic of the congo was estimated to be 80,961,908 people. There were probably people living in the area that is today known as the democratic republic of the congo as far back as 8000 bc. This chapter evaluates the extent to which recent growth has been accompanied by improvements in multidimensional child welfare using arndt et al. Learn facts about democratic republic of congo and educate yourself. It is a mineral rich country but the people are poor. The republic of the congos economic freedom score is 41. Top 10 facts about poverty in the democratic republic of the. Growth and poverty in the democratic republic of congo. Systemic corruption since independence in 1960, combined with countrywide instability and intermittent conflict that began in the early90s, has reduced national output and government revenue, and increased external debt. Dr congo economy gdp, inflation, cpi and interest rate. Jan 10, 2019 the recent history of the democratic republic of congo dr congo has been one of civil war and corruption.

After years of economic decline, conflict, and instability, the democratic republic of congo achieved rapid economic growth in the 2000s along with a reduction in rural consumption poverty. Poverty remains widespread in drc, and the country failed to meet any. This astronaut image shows two capital cities brownishgray areas on opposite banks of the congo river. The economy of the democratic republic of the congo a nation endowed with vast natural resource wealth continues to perform poorly. Drc is classified internationally as the country of medium concerning human development. The countries which share with congo include zambia, angola, rwanda, burundi, uganda, tanzania, central african republic, republic of the congo, and south sudan.

Ten interesting facts about the democratic republic of congo. As of 2004, there were approximately 1,100,000 people living with hivaids in the country. Republic of the congo economic forecasts 20202022 outlook. One of the richest counties in natural resources, the democratic republic of congo is a force to be reckoned with. The executive committee of the mpr and the government were merged in 1972 and the national executive council was brought to the scene. The democratic republic of the congo is a leading producer of diamonds.

The next most important part of the economy is trade, which depends on the countrys rich natural resources. Out of this number, 80 percent of the population live in extreme poverty. Despite a wealth of fertile soil, hydroelectric power potential, and mineral resources, the democratic republic of the congo drc struggles with many socioeconomic problems, including high infant and maternal mortality rates, malnutrition, poor vaccination coverage, lack of access to improved water sources and sanitation, and frequent and early fertility. The democratic republic of congo is extremely rich in natural resources. They are located next to each other and have similar names, but they are different countries. Sep 26, 2018 the facts about poverty in the democratic republic of the congo drc reveal that poverty in the country is a result of the combination of conflict spilling over from neighboring african nations and an embedded culture of governmental corruption. Republique democratique du congo, also known as dr congo, the drc, droc, congokinshasa, or simply the congo, is a country located in central africa. The cities lie at the downstream end of an almost circular widening in the river.

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