Democratic Republic of the Congo is home to a vast potential of natural resources and mineral wealth. Its untapped deposits of raw minerals are estimated to be worth in excess of US$ 24 trillion. DR Congo economy score is 45.0, making it the 168th freest economy in the 2015 Index. Its overall score is 4.4 points better than last year, with double-digit gains in business freedom, monetary freedom, and the control of government spending. Nonetheless, the DRC is ranked 42nd out of 46 countries in the Sub-Saharan Africa region, and its score is far below the regional average.
Over the past five years, DR Congo Economy freedom has advanced by 4.3 points, with especially strong gains in the past two years. Monetary freedom has improved by over 28 points, but advancement has been broad-based, with gains in six of the 10 factors. The DRC has registered its highest economic freedom score ever in the 2015 Index, and the country is currently embarking on the establishment of a special economic zones to encourage the revival of foreign investments and new industries.
But the social situation remains fragile in 2014 despite continuing economic growth. Low pay, difficulties in finding work and serious malnutrition undermine the health of the population.
The Gross Domestic Product per capita in Republic of the Congo was last recorded at 3814.68 US dollars in 2012, when adjusted by purchasing power parity (PPP) is equivalent to 17 percent of the worlds average.
DR Congo Economy declined drastically in mid-1980s because of political instability under President Mobutu regime.
Then the two conflicts which began in 1996, have dramatically reduced national output and government revenue. These conflicts increased external debt, and have resulted in deaths of more than five million people from war, and associated famine and disease. Malnutrition affects approximately two thirds of the country’s population.
At the time of its independence in 1960, the Democratic Republic of the Congo was the second most industrialised country in Africa after South Africa. It boasted a thriving mining sector and its agriculture sector was relatively productive .
Since then, corruption, war and political instability have been a severe detriment to further growth, today leaving DRC with one of the world’s lowest GDP per capita.
Rich in minerals, the DRC has a difficult history of predatory mineral extraction, which has been at the heart of many struggles within the country for many decades, but particularly in the 1990s. Although DR Congo Economy, the second largest country in Africa has historically relied heavily on mining, this is no longer reflected in the GDP data as the mining industry has suffered from long-term “uncertain legal framework, corruption, and a lack of transparency in government policy.