Country Snapshot

Population (2019, millions)¹86.79
Population Projections (2030, millions)¹120.04
Economically active population in agriculture (as % of Economically active population)12, 201966.6
CapitalKinshasa
Surface Area (km²)2,344,860
Weather¹¹In Kinshasa: Hottest months, March-April, 22-32°C; coldest month, July, 18-27°C; driest months, July-August, 3 mm average rainfall; wettest month, March, 221 mm average rainfall
Languages³Official: French - Lingua Franca Trade Language: Lingala - Others: Kingwana, Kikongo and Tshiluba
Main Religions³Main:  Roman Catholic and Protestant - Others: Kimbanguist, Muslim, syncretic sects, indigenous beliefs and others
Time⁴West Africa Time (WAT) +0100 UTC (Western Region) and Central Africa Time (CAT) +0200 UTC (Eastern Region)
Driving Orientation⁵Right Side
Internet Country Code⁶.cd
Country Calling Code+243
Plug, Socket and Voltage⁷ Type C, D and E - 220V/50Hz
CurrencyFranc Congolese (FC)
Exchange Rate (As of 24th January 2019, per USD)⁸1,631
GDP at Market Prices (2018, current, billions of USD)⁹47.22
GDP Growth (2018, annual %)⁹5.76
Average GDP Growth (2014-2018, annual %)⁹5.65 
GDP per Capita, PPP (2018, current international $)⁹930.53
Inflation, Consumer Prices (2016, annual %)⁹2.88
Average Inflation, Consumer Prices (2012-2016, annual %)⁹3.08
Total Reserves in Months of Imports (2018)⁹0.40

Sources:
¹United Nations Population Division, Department of Economic and Social Affairs.
²COMESA Statistics, COMESTAT Data Hub.
³CIA World Factbook.
⁴Time and Date Portal.
⁵Chartsbin Portal, "Worldwide Driving Orientation by Country".
⁶Wikipedia, "List of Internet top-level domains"; and, Internet Assigned Numbers Authority, Root Zone Database.
⁷International Electrotechnical Commission, World Plugs.
⁸Banque Centrale du Congo.
⁹World Bank, World Development Indicators 2019.
¹¹Economist Intelligence Unit.

Reasons to Invest in DR Congo

Source: DR Congo National Agency for the Promotion of Investments – ANAPI. 

Population

Population Projections (millions)

Population (2019)86.79
Population Projections (2030)120.04

Source: United Nations Population Division, Department of Economic and Social Affairs.

Population Residing in Urban Areas (%)

Population Projections (2019)45.04
Percentage of Population Residing in Urban Areas (2030)51.76

Source: United Nations Population Division, Department of Economic and Social Affairs.

Youth Literacy Rates (2017, %)

Youth Literacy Rate, Population 15-24 Years, Both Sexes 84.98
Youth Literacy Rate, Population 15-24 Years, Female 79.71
Youth Literacy Rate, Population 15-24 Years, Male 90.96

Source: United Nations Educational, Scientific and Cultural Organization, UNESCO Institute of Statistics.

Labour

Unemployment (2018, % of Total Labour Force, Modeled ILO Estimate)

Unemployment, Total 4.15
Unemployment, Female 3.28
Unemployment, Male 4.96

Source: World Bank, World Development Indicators 2019.

Labour Force (2017, % of Ages 15+, Modeled ILO Estimate)

Labour Force Participation Rate, Total 
Labour Force Participation Rate, Female 
Labour Force Participation Rate, Male
Labour Force, Total (number)

Source: World Bank, World Development Indicators 2019.

Economy - Overview

GDP

 20142015201620172018
GDP at Market Prices (current, billions of USD)35.9037.9137.1338.0147.22
GDP Growth (annual %)9.476.912.393.375.76

Source: World Bank, World Development Indicators 2019.

Value Added by Sector (% of GDP)

Indicator20182019
Agriculture24.4124.31
Manufacturing21.9722.39
Industry52.5152.37
Services 42.0742.32
Construction5.114.88
Electricity, gas and water1.111.09
Mining and quarrying24.3324.00
Education0.050.05
Finance9.409.54
Public administration and Defense6.866.88
Health and Social Work0.020.03
Other services0.000.00
Transport, storage and communication12.7912.78
Wholesale and retail trade, hotels and restaurants13.9514.07

Source: AFDB Socio Economic Database.

Trade Profile

Import Partners (Imported Value, thousands, USD)

 20142015201620172018
World7,480,02412,496,4385,185,1885,439,0997,410,300
United States of America200,034300,026480,2311,448,6082,076,306
China1,498,2443,102,856904,362858,3551,421,058
South Africa1,366,4441,965,396601,298649,219907,596
India242,815710,180361,415272,402317,900
Zambia845,0181,149,759164,555179,426305,686

Source: International Trade Center COMTRADE Statistics.

Export Partners (Exported Value, thousands, USD)

 20142015201620172018
World6,175,37810,554,2327,065,30511,750,93618,990,587
South Africa15,711153,7294,102,8206,592,48310,084,468
China2,534,1684,796,528841,7521,894,8663,507,881
United Arab Emirates  321,953798,6891,343,352
Tanzania7421,130747,030405,7991,254,043
Zambia1,136,8441,703,815618,760691,5881,093,135

Source: International Trade Center COMTRADE Statistics.

DR Congo’s Top Import Products (USD ‘000)

ChapterDescription20142015201620172018
 All products       7,480,024     12,496,438        5,185,188        5,439,099        7,410,300 
49Books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans            30,100             19,056           576,912        1,291,553        1,837,179 
84Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof          791,867        1,387,046           562,445           571,432           970,269 
87Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof          433,286           798,741           350,045           300,950           538,560 
25Salt; sulphur; earths and stone; plastering material, lime and cement          254,422           359,443           338,509           304,573           455,541 
28Inorganic chemicals: organic or inorganic compounds of precious metals, of rare-earth metals, of radioactive elements or of isotopes          327,986           251,864           151,938           203,897           401,655 

Source: COMSTAT database

DR Congo’s Top Export Products (USD ‘000)

ChapterDescription20142015201620172018
 All products    6,175,378   10,554,232     7,065,305   11,750,936   18,990,587 
28Inorganic chemicals: organic or inorganic compounds of precious metals, of rare-earth metals, of radioactive elements or of isotopes          46,346         547,053     1,718,420     4,771,241     9,978,620 
74Copper and articles thereof    2,353,473     5,435,742     4,217,176     5,205,307     6,730,723 
26Ores, slag and ash    1,606,781     2,018,871         849,660     1,471,977     1,837,240 
71Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin        187,615         407,722                   22                   33         217,998 
44Wood and articles of wood; wood charcoal        123,739         206,285           35,493           37,763           47,358 

Source: COMSTAT database

Investment Profile

FDI Inflows (millions of USD)

Year20142015201620172018
FDI Inflows 1,843 1,674 1,205 1,340 1,494 

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Outflows (millions of USD)

Year20142015201620172018
FDI Outflows 343.6 507.8 272.3 292.2 209.2 

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Inward Stock (millions of USD)

Year20142015201620172018
FDI Inward Stock 18,309 19,982 21,187 22,527 24,021 

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Outward Stock (millions of USD)

Year20142015201620172018
FDI Outward Stock1,484 1,992 2,264 2,557 2,766 

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Inflows Main Source Countries (in terms of number of projects)

South Africa, China, Australia, Canada, India, United States, France, UK, Nigeria, and UAE. 

Source: Financial Times, fDi Markets, 2018

FDI Inflows Main Sectors (in terms of number of projects)

Metals, Financial Services, Communications, Business Services, Coal, Oil and Natural Gas, Industrial Machinery, Equipment and Tools, Building and Construction Materials, Chemicals, Food and Tobacco, Real Estate.

Source: Financial Times, fDi Markets, 2018

FDI Inflows Main Companies (in terms of number of projects)

Banro, Anvil Mining, Ecobank Transnational, Atlas Copco, Vale (Companhia Vale do Rio Doce, United Bank for Africa (UBA), Tiger Resources, Freeport McMoRan, Deloitte France, Airtel DRC. 

Source: Financial Times, fDi Markets, 2018

Doing Business

Overall Doing Business Ranking

2020183/190
2019184/190

Source: World Bank, Doing Business, 2020

Starting a Business

2020 Rank45/190
Procedures (number)4
Time (days)7
Cost (% of income per capita*)16.3
Paid-in Minimum Capital (% of income per capita*)4.6

*GNI per capita used: USD 490
Source: World Bank, Doing Business, 2020

Paying Taxes

Paying Taxes

2020 Rank180/190
Payments (number per year)52
Time (hours per year)346
Total Tax Rate (% of profit)50.7
Profit Tax (% of profit) 23.6
Labor Tax and Contributions (% of profit)12.6
Other Taxes (% of profit)14.5

Source: World Bank, Doing Business, 2020

Trading Across Borders

2020 Rank187/190
Time to Export: Border Compliance (hours)296
Cost to Export: Border Compliance (USD)2,223
Time to Export: Documentary Compliance (hours) 192
Cost to Export: Documentary Compliance (USD)500
Time to Import: Border Compliance (hours) 336
Cost to Import: Border Compliance (USD) 3,039
Time to Import: Documentary Compliance (hours) 174
Cost to Import: Documentary Compliance (USD) 765

Assumptions:
* It is assumed that shipment travels from a warehouse in the largest business city of the exporting economy to a warehouse in the largest business city of the importing economy.
* It is assumed that each economy imports a standardized shipment of 15 metric tons of containerized auto parts (HS 8708) from its natural import partner—the economy from which it imports the largest value (price times quantity) of auto parts. It is assumed that each economy exports the product of its comparative advantage (defined by the largest export value) to its natural export partner—the economy that is the largest purchaser of this product.
* A shipment is a unit of trade. Export shipments do not necessarily need to be containerized, while import shipments of auto parts are assumed to be containerized.
* Shipping cost based on weight is assumed to be greater than shipping cost based on volume.
* If government fees are determined by the value of the shipment, the value is assumed to be $50,000.
* The mode of transport is the one most widely used for the chosen export or import product and the trading partner, as is the seaport, airport or land border crossing.
* Time is measured in hours, and 1 day is 24 hours.
* Costs do not include tariffs.
Source: World Bank, Doing Business, 2020

Investment Regime

Legal Framework

Investment Code – Law No. 004/2002 of 21st February 2002

Key guarantees in terms of investment protection include:

Source: DR Congo National Agency for the Promotion of Investments – ANAPI Online Portal.

Investment Incentives

Tax incentives 

Various incentives are available to qualifying companies, including mining companies. Incentives generally are in the form of reduced tax rates or an exemption. 

Investors wishing to take advantage of the customs and tax incentives under the New Investment Code must submit an application to the ANAPI (National Agency for Promotion of Investment in the DRC). The ANAPI will ensure that the application is sent to the Minister of Finances and Planning for consideration and approval. Incentives granted under the New Investment Code are not available to foreign companies (branches) or, inter alia, to the following sectors: mining, oil, banking, insurance, commercial activities and armament industries. Any other investor can apply for incentives provided for in the code if they satisfy the following criteria: 

The New Investment Code grants an exemption from taxes and duties for three years when qualifying investments are made in Kinshasa; four years for investments in Bas-Congo, Lubumbashi, Likasi and Kolwezi; and five years in the other provinces. The code grants the following specific tax incentives and exemptions: 

Export incentives 

Any approved investment that relates to the exportation of all or part of finished products that are processed or partially processed under conditions favourable for the balance of payments may benefit from an exemption from fees and taxes on exportation. 

 Source: Deloitte, Guide to Fiscal Information, Key Economies in Africa 2018