Wednesday, October 5, 2011

5.Economic

The Democratic Republican  of the Congo has potential one of the country as compared to other Africa countries. Although Democratic Republic of the Congo  has a lower GDP, but there are extraordinary agricultural and mineral resources. But still , the IMF and world Bank Executive help the Democratic republican of the Congo.

1. Currency ( $U.S.equivalent):560 CDF =$1.
2. Per Capita income /GDP:#300/$20.64 billion
3. GDP Growth Rate:5.9%
4. Labor Force by occupation:65% agriculture:19% services:16 % industry.
5. Natural resources: cobalt; copper;cadmium;petroleum;zinc;diamonds; manganese;tin;gold;silver;bauxite;iron ore;coal;hydro power; timber; others.
6. Agriculture: coffee;palm oil;rubber;tea;manioc;root crops; corn;fruits;sugarcane;wood products.
7.In consumer products;cement;industry: mineral mining and processing;diamonds.
8.Exports:.$6.1 billion ( primary partners Belgium, United States, South Africa).
9. Imports: %5.6 billion (primary  partners South Africa, Benelux, Nigeria).


Source:  Global Studies Africa.



Foreign direct investment; Net Inflows ( % of GDP)


The Democratic Republic of the Congo, previously known as Zaire and once the second most  industrialized country in Africa,is now one of the world's poorest nations. years of conflicts, corruption and government mismanagement  have left  the country in a very bad  shape hampering  any foreign investments. In fact, despite its vast mineral resources (cobalt, copper, diamonds, coltan), large forest and river system, two thirds of Congo's population live in extreme poverty.

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