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D.R. of CONGO

Global Trade Volume of D.R. of Congo

Democratic Republic of Congo is one of the countries where PraeGlobal consulting services are active. The country has the largest rainforest in the world and has a very fertile land, great mineral and mineral reserves. Moreover, it is a country with hydroelectric production potential. The Democratic Republic of Congo is one of the countries rich in natural resources. In addition to precious metals such as diamonds and gold, they also have metals such as uranium and coal, which have strategic importance. One of the most important sources of income for the economy of the Democratic Republic of Congo, which is a country with the largest river basin in the world, is forest products. Because 70% of the population lives in rural areas, agriculture constitutes a large part of the economy. Traditional methods of agriculture are made by small farmers. Among the most important agricultural products are coffee, sugar, cocoa, palm oil, rubber and tea.

Economic Data of The Democratic Republic of The Congo

2012 2013 2014 2015 2016 2017
Population (million) 68,98 71,32 73,72 76,2 78,74
Per capita GDP ($) 398,14 420,87 461,57 474,94 444,51 466
GDP (billion $) 27,46 30,01 34,03 36,19 35,00 40,42
Economic growth (GDP, annual chane%) 7,2 8,5 9,5 6,9 2,4 2,8
Export(milion $) 7,438 10,453 6,550 6,870 4,670 8,592
Import (million $) 7,349 8,372 3,348 5,378 4,560 8,845
Inflation Rate (consumer price index, annual change %) 0,9 0,9 1,2 1 18,2 41,7
Current Account Balance (GDP %) -4,6 -5,2 -4,8 -3,9 -3,4 -4,6
Balance of Foreign Trade (million $) 89 2,081 3,202 1,492 -110 -253

Traiding Qualities

  1. Agriculture

    The Democratic Republic of Congo is one of Africa’s leading countries in exports of agricultural products. There are 80 million hectares of arable land in the country and climate conditions are suitable for agriculture. Stability and security have been ensured for the revitalization of the backward agricultural sector, the transport infrastructure has been improved and the return of the internally displaced persons has been ensured. Agricultural products include corn, tobacco, cocoa, rubber, palm oil and coffee. Generally, animal husbandry in high plateaus remains a little behind in the country. Fishing is carried out on the Congo River.

  2. Mining

    Among the mines excavated in the country are iron, coal, uranium, zinc, silver, gold, copper, diamonds and cobalt. More than half of the country’s exports are made up of diamonds and other minerals. With a law adopted since 2002, foreign investors entered the mining sector. Copper production, which came to a halt in the 2000s, rose to 96 thousand tons in 2007. The world’s second largest Diamond producer.

  3. Energy

    Crude oil is the country’s second largest source of income. There are even more unexplored oil deposits in the country. In addition, it is known that there are 133 billion barrels/cubic of natural gas reserves. It has the largest hydroelectric power production potential on the Congo River. With the Inga Dam alone, it has the potential to meet the hydropower potential of all South Africa.

  4. Transport

    There is not enough land infrastructure in the country. Products in the country are usually made by river and air transportation. The most used method of transportation is air transport. Goods coming from outside the country enter the country by air or by means of ports. Products from abroad come by road to Kinshasa and are shipped from here to the rest of the country.

  5. Communication

    Since the fixed telephony infrastructure of the country is not in use, mobile phone networks have increased. With a law enacted in 2015, the telecommunication sector has been reorganized in the country. Therefore, there will be an opportunity to invest in this sector in the future. In the field of telecommunications, many tenders will be opened for the establishment of new systems, renewal of existing systems, and the creation of satellite and fiber optic infrastructure.

  6. Manufacturing Industry

    Manufacturing industry in the developing country, auto Assembly, beverage, production, shoes, wheel, battery, soap, plastic and food sectors are available. The government, which tries to make cement, steel and petroleum refineries more efficient, is supporting the local manufacturing industry. However, because of the high costs, imports have prevented production.

Congo

If you want to start a business in the rapidly developing Democratic Republic of Congo, we as PraeGlobal are with you. With our expert staff who have mastered the laws of the country and the geographical and economic structure of the region, we are ready to provide consultancy services in every stage of your business, from establishment stage to development stage in the country.

Thanks to PraeGlobal‘s expert staff, you will feel like you are at home even you are in abroad.

Contact Informations

Immeuble Future Tower, local 504, Boulevard du 30 Juin numero 3642, Kinshasa – Gombe / Republique Democratique du Congo

+372 772 15 50

www.praeglobal.com