DRC’s Economy Thrives in 2024 Amid Challenges, Records 6% GDP Growth
Despite persistent security challenges in the eastern regions, the Democratic Republic of Congo (DRC) achieved remarkable economic growth in 2024, with its real GDP growth rate estimated at 6.0%, according to the International Monetary Fund (IMF).
This economic performance surpassed initial IMF projections of 4.7%, highlighting the country’s resilience in navigating economic and security challenges.
Finance Minister Doudou Fwamba credited the growth to effective public financial management and the stabilization of the macroeconomic framework. “Prudent fiscal policies have laid the foundation for this exceptional growth,” he stated.
The mining sector, a cornerstone of the DRC’s economy, led the surge with outstanding performance driven by favorable global commodity prices.
Investments in infrastructure and construction further bolstered economic activity, contributing significantly to the country’s dynamism.
Looking ahead, the IMF forecasts a stable growth rate of 5.6% for 2025. However, potential risks stemming from political instability and ongoing conflicts in the eastern regions could challenge the country’s upward trajectory.
The DRC is emerging as a vital economic player in Central Africa. By maintaining fiscal discipline and leveraging its robust mining sector, the nation has the potential to sustain and expand its growth.
However, achieving long-term stability and inclusivity will require addressing security issues and ensuring broader economic diversification.
