Source: world bank Nominal/PPP
Summary:
Democratic Republic of the Congo GDP Per Capita expanded from 1960 to 2024, increasing from $220.07 to $649.38 .The compound annual growth rate (CAGR) averaged 1.71% over the period. The economy recorded its peak level in 2022 and its lowest level in 1999. Growth volatility remained high. The maximum drawdown reached 84.34%, indicating the largest cyclical decline from peak levels. The country experienced 18 recession episode(s) during the observed period.
Democratic Republic of the Congo Economic Phases (1960 - 2024)
From 1960 to 2024, Democratic Republic of the Congo economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- 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 (1971–1974) indicating robust economic expansion
- High Growth (1977–1978) indicating robust economic expansion
- Contraction (1979–1980) indicating temporary slowdown
- Crisis (1983–1985) indicating severe economic downturn
- Expansion (1996–1997) 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
- Contraction (2019–2020) indicating temporary slowdown
- High Growth (2021–2022) indicating robust economic expansion
- Contraction (2023–2024) indicating temporary slowdown
The most remarkable growth occurred in 2000 with an increase of 292.368%, while the largest decline was in 2001 at -62.247%.