In 2024, the DRC's economy grew by 6.5%, driven by a 12.8% expansion in the extractive sector, particularly copper and cobalt production. Non-mining sectors grew by 3.2%, reflecting diversification and increased private investment. The current account deficit (CAD) narrowed to 3.4% of GDP, and foreign exchange reserves increased to 2.5 months of import coverage. The Congolese franc depreciated by 8.7% against the US dollar, and inflation fell to 11.3%. The banking sector remained profitable with expanding credit and declining non-performing loans.
Looking ahead, GDP growth is projected to slow to 5.1% in 2025, with a temporary suspension of cobalt exports widening the CAD to 3.7% in 2025. Non-mining sectors are expected to drive growth, with construction and infrastructure investment boosting non-extractive GDP growth to 5.3% by 2027. Currency stability and inflation control are expected to continue, but risks such as conflict, health outbreaks, and geopolitical tensions remain.
Despite positive trends, poverty remains high at 72.9%, with limited job creation in the mining sector and structural weaknesses constraining inclusive growth. Sustained reforms and investment in non-mining sectors are essential for broader development outcomes.
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