Country Snapshot

Population (2019, millions)¹ 86.79
Population Projections (2030, millions)¹ 120.04
Economically active population in agriculture (as % of Economically active population)12, 2019 66.6
Capital Kinshasa
Surface Area (km²) 2,344,860
Weather¹¹ In 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
Languages³ Official: French – Lingua Franca Trade Language: Lingala – Others: Kingwana, Kikongo and Tshiluba
Main Religions³ Main:  Roman Catholic and Protestant – Others: Kimbanguist, Muslim, syncretic sects, indigenous beliefs and others
Time⁴ West Africa Time (WAT) +0100 UTC (Western Region) and Central Africa Time (CAT) +0200 UTC (Eastern Region)
Driving Orientation⁵ Right Side
Internet Country Code⁶ .cd
Country Calling Code +243
Plug, Socket and Voltage⁷ Type C, D and E – 220V/50Hz
Currency Franc Congolese (FC)
Exchange Rate (As of 24th January 2019, per USD)⁸ 1,631
GDP at Market Prices (2018, current, billions of USD)⁹ 47.22
GDP Growth (2018, annual %)⁹ 5.76
Average GDP Growth (2014-2018, annual %)⁹ 5.65
GDP per Capita, PPP (2018, current international $)⁹ 930.53
Inflation, Consumer Prices (2016, annual %)⁹ 2.88
Average Inflation, Consumer Prices (2012-2016, annual %)⁹ 3.08
Total Reserves in Months of Imports (2018)⁹ 0.40

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

2014 2015 2016 2017 2018
GDP at Market Prices (current, billions of USD) 35.90 37.91 37.13 38.01 47.22
GDP Growth (annual %) 9.47 6.91 2.39 3.37 5.76

Source: World Bank, World Development Indicators 2019.

Value Added by Sector (% of GDP)

Indicator 2018 2019
Agriculture 24.41 24.31
Manufacturing 21.97 22.39
Industry 52.51 52.37
Services 42.07 42.32
Construction 5.11 4.88
Electricity, gas and water 1.11 1.09
Mining and quarrying 24.33 24.00
Education 0.05 0.05
Finance 9.40 9.54
Public administration and Defense 6.86 6.88
Health and Social Work 0.02 0.03
Other services 0.00 0.00
Transport, storage and communication 12.79 12.78
Wholesale and retail trade, hotels and restaurants 13.95 14.07

Source: AFDB Socio Economic Database

Trade Profile

Import Partners (Imported Value, thousands, USD)

2014 2015 2016 2017 2018
World 7,480,024 12,496,438 5,185,188 5,439,099 7,410,300
United States of America 200,034 300,026 480,231 1,448,608 2,076,306
China 1,498,244 3,102,856 904,362 858,355 1,421,058
South Africa 1,366,444 1,965,396 601,298 649,219 907,596
India 242,815 710,180 361,415 272,402 317,900
Zambia 845,018 1,149,759 164,555 179,426 305,686

Source: International Trade Centre COMTRADE Statistics.

Export Partners (Exported Value, thousands, USD)

2014 2015 2016 2017 2018
World 6,175,378 10,554,232 7,065,305 11,750,936 18,990,587
South Africa 15,711 153,729 4,102,820 6,592,483 10,084,468
China 2,534,168 4,796,528 841,752 1,894,866 3,507,881
United Arab Emirates 321,953 798,689 1,343,352
Tanzania 742 1,130 747,030 405,799 1,254,043
Zambia 1,136,844 1,703,815 618,760 691,588 1,093,135

Source: International Trade Centre COMTRADE Statistics.

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

Chapter Description 2014 2015 2016 2017 2018
All products 7,480,024 12,496,438 5,185,188 5,439,099 7,410,300
49 Books, 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
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 791,867 1,387,046 562,445 571,432 970,269
87 Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof 433,286 798,741 350,045 300,950 538,560
25 Salt; sulphur; earths and stone; plastering material, lime and cement 254,422 359,443 338,509 304,573 455,541
28 Inorganic 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)

Chapter Description 2014 2015 2016 2017 2018
All products 6,175,378 10,554,232 7,065,305 11,750,936 18,990,587
28 Inorganic 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
74 Copper and articles thereof 2,353,473 5,435,742 4,217,176 5,205,307 6,730,723
26 Ores, slag and ash 1,606,781 2,018,871 849,660 1,471,977 1,837,240
71 Natural 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
44 Wood 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)

Year 2014 2015 2016 2017 2018
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)

Year 2014 2015 2016 2017 2018
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)

Year 2014 2015 2016 2017 2018
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)

Year 2014 2015 2016 2017 2018
FDI Outward Stock 1,484 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)

Source: Financial Times, fDi Markets, 2018

Doing Business

Overall Doing Business Ranking

2020 183/190
2019 184/190

Source: World Bank, Doing Business, 2020

Starting a Business

2020 Rank 45/190
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 280
Source: World Bank, Doing Business, 2020

Paying Taxes

Paying Taxes

2020 Rank 180/190
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 Rank 187/190
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

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: United Nations Conference on Trade and Development, iGuide Burundi.

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

Country Snapshot

Population (2019, millions)¹ 86.79
Population Projections (2030, millions)¹ 120.04
Economically active population in agriculture (as % of Economically active population)12, 2019 66.6
Capital Kinshasa
Surface Area (km²) 2,344,860
Weather¹¹ In 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
Languages³ Official: French – Lingua Franca Trade Language: Lingala – Others: Kingwana, Kikongo and Tshiluba
Main Religions³ Main:  Roman Catholic and Protestant – Others: Kimbanguist, Muslim, syncretic sects, indigenous beliefs and others
Time⁴ West Africa Time (WAT) +0100 UTC (Western Region) and Central Africa Time (CAT) +0200 UTC (Eastern Region)
Driving Orientation⁵ Right Side
Internet Country Code⁶ .cd
Country Calling Code +243
Plug, Socket and Voltage⁷ Type C, D and E – 220V/50Hz
Currency Franc Congolese (FC)
Exchange Rate (As of 24th January 2019, per USD)⁸ 1,631
GDP at Market Prices (2018, current, billions of USD)⁹ 47.22
GDP Growth (2018, annual %)⁹ 5.76
Average GDP Growth (2014-2018, annual %)⁹ 5.65
GDP per Capita, PPP (2018, current international $)⁹ 930.53
Inflation, Consumer Prices (2016, annual %)⁹ 2.88
Average Inflation, Consumer Prices (2012-2016, annual %)⁹ 3.08
Total Reserves in Months of Imports (2018)⁹ 0.40

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

2014 2015 2016 2017 2018
GDP at Market Prices (current, billions of USD) 35.90 37.91 37.13 38.01 47.22
GDP Growth (annual %) 9.47 6.91 2.39 3.37 5.76

Source: World Bank, World Development Indicators 2019.

Value Added by Sector (% of GDP)

Indicator 2018 2019
Agriculture 24.41 24.31
Manufacturing 21.97 22.39
Industry 52.51 52.37
Services 42.07 42.32
Construction 5.11 4.88
Electricity, gas and water 1.11 1.09
Mining and quarrying 24.33 24.00
Education 0.05 0.05
Finance 9.40 9.54
Public administration and Defense 6.86 6.88
Health and Social Work 0.02 0.03
Other services 0.00 0.00
Transport, storage and communication 12.79 12.78
Wholesale and retail trade, hotels and restaurants 13.95 14.07

Source: AFDB Socio Economic Database

Trade Profile

Import Partners (Imported Value, thousands, USD)

2014 2015 2016 2017 2018
World 7,480,024 12,496,438 5,185,188 5,439,099 7,410,300
United States of America 200,034 300,026 480,231 1,448,608 2,076,306
China 1,498,244 3,102,856 904,362 858,355 1,421,058
South Africa 1,366,444 1,965,396 601,298 649,219 907,596
India 242,815 710,180 361,415 272,402 317,900
Zambia 845,018 1,149,759 164,555 179,426 305,686

Source: International Trade Centre COMTRADE Statistics.

Export Partners (Exported Value, thousands, USD)

2014 2015 2016 2017 2018
World 6,175,378 10,554,232 7,065,305 11,750,936 18,990,587
South Africa 15,711 153,729 4,102,820 6,592,483 10,084,468
China 2,534,168 4,796,528 841,752 1,894,866 3,507,881
United Arab Emirates 321,953 798,689 1,343,352
Tanzania 742 1,130 747,030 405,799 1,254,043
Zambia 1,136,844 1,703,815 618,760 691,588 1,093,135

Source: International Trade Centre COMTRADE Statistics.

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

Chapter Description 2014 2015 2016 2017 2018
All products 7,480,024 12,496,438 5,185,188 5,439,099 7,410,300
49 Books, 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
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 791,867 1,387,046 562,445 571,432 970,269
87 Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof 433,286 798,741 350,045 300,950 538,560
25 Salt; sulphur; earths and stone; plastering material, lime and cement 254,422 359,443 338,509 304,573 455,541
28 Inorganic 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)

Chapter Description 2014 2015 2016 2017 2018
All products 6,175,378 10,554,232 7,065,305 11,750,936 18,990,587
28 Inorganic 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
74 Copper and articles thereof 2,353,473 5,435,742 4,217,176 5,205,307 6,730,723
26 Ores, slag and ash 1,606,781 2,018,871 849,660 1,471,977 1,837,240
71 Natural 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
44 Wood 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)

Year 2014 2015 2016 2017 2018
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)

Year 2014 2015 2016 2017 2018
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)

Year 2014 2015 2016 2017 2018
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)

Year 2014 2015 2016 2017 2018
FDI Outward Stock 1,484 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)

Source: Financial Times, fDi Markets, 2018

Doing Business

Overall Doing Business Ranking

2020 183/190
2019 184/190

Source: World Bank, Doing Business, 2020

Starting a Business

2020 Rank 45/190
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 280
Source: World Bank, Doing Business, 2020

Paying Taxes

Paying Taxes

2020 Rank 180/190
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 Rank 187/190
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

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: United Nations Conference on Trade and Development, iGuide Burundi.

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