Source: world bank Nominal/PPP
Summary:
Democratic Republic of the Congo GDP expanded from 1960 to 2024, increasing from $3.36 billion to $70.96 billion.The compound annual growth rate (CAGR) averaged 4.88% over the period. The economy recorded its peak level in 2024 and its lowest level in 1964. Growth volatility remained high. The maximum drawdown reached 69.36%, indicating the largest cyclical decline from peak levels. The country experienced 16 recession episode(s) during the observed period.
Democratic Republic of the Congo Economic Phases (1960–2024)
Between 1960 to 2024, Democratic Republic of the Congo experienced the following economic phases:
- High Growth (1962–1963) indicating robust economic expansion
- High Growth (1965–1966) indicating robust economic expansion
- High Growth (1968–1969) indicating robust economic expansion
- High Growth (1971–1975) indicating robust economic expansion
- High Growth (1977–1978) indicating robust economic expansion
- Contraction (1979–1980) indicating temporary slowdown
- Crisis (1983–1984) indicating severe economic downturn
- Expansion (1989–1991) indicating steady moderate growth
- High Growth (2004–2008) indicating robust economic expansion
- High Growth (2010–2014) indicating robust economic expansion
- Contraction (2016–2017) indicating temporary slowdown
- High Growth (2021–2022) indicating robust economic expansion
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 2000 with an increase of 305.158%, while the largest decline was in 2001 at -61.032%.