Gross Domestic Product for the Democratic Republic of the Congo
MKTGDPCDA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70,749,355,652.12
Year-over-Year Change
141.41%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for the Democratic Republic of the Congo (DRC) measures the total value of all goods and services produced within the country. It is a key indicator of the DRC's economic performance and development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP is the broadest measure of a country's economic activity and is widely used by economists and policymakers to assess the overall health and growth of a national economy. The DRC's GDP data provides crucial insights into the DRC's economic conditions and trajectory.
Methodology
The DRC's GDP data is collected and calculated by the World Bank using standardized national accounts methodology.
Historical Context
GDP is a vital metric for evaluating the DRC's economic policies and its integration into global trade and investment flows.
Key Facts
- The DRC's GDP was $49.26 billion in 2021.
- GDP per capita in the DRC was $547 in 2021.
- The DRC's GDP has grown at an average annual rate of 3.7% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for the Democratic Republic of the Congo (DRC) measures the total value of all goods and services produced within the country's borders over a given time period.
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial indicator of a country's economic health and development. The DRC's GDP data provides important insights into the size and growth of its national economy, which is vital for policymakers, investors, and economists analyzing the DRC's economic conditions and prospects.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates the DRC's GDP data using standardized national accounts methodology.
Q: How is this trend used in economic policy?
A: Policymakers in the DRC and international institutions use the country's GDP data to evaluate economic performance, formulate fiscal and monetary policies, and assess the impact of economic reforms and development initiatives.
Q: Are there update delays or limitations?
A: There may be lags in the availability of the DRC's GDP data due to the challenges of data collection in the country. Users should be aware of potential delays or revisions when interpreting the most recent GDP figures.
Related Trends
Value of Exports to the Democratic Republic of the Congo from District of Columbia
DCCODA052SCEN
Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Congo
CODFCBODCNUM
Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Other Financial Intermediaries for Congo
CODFCBMLNUM
Value of Exports to the Democratic Republic of the Congo from Arizona
AZCODA052SCEN
Population, Total for the Democratic Republic of the Congo
POPTOTCDA647NWDB
Number of Identified Exporters to the Democratic Republic of the Congo from New York
NYCODA475SCEN
Citation
U.S. Federal Reserve, Gross Domestic Product for the Democratic Republic of the Congo (MKTGDPCDA646NWDB), retrieved from FRED.