22-May-2017
English
Economic growth remains strong but still relies on exporting raw materials, especially crops, which are subject to variations in global prices and climate risks. Significant progress has been made in access to health care, education and social protection, but the past five years’ growth does not cover the strong social demand.
22-May-2017
English
The growth rate of the Congolese economy fell from 6.9% in 2015 to 2.5% in 2016, but could rebound to 4.0% in 2017 and 5.2% in 2018, given the expected rise in prices of the country’s raw materials. The DRC made some progress in terms of human development in 2016, but that progress remains fragile.
22-May-2017
English
The economy shrank by 2.4% in 2016 (after expanding by 2.6% the previous year), amid difficult conditions worldwide, in particular a sharp drop in oil prices, and is expected to grow by 0.5% in 2017. The proportion of the population living in poverty fell from 50.2% to 37% between 2005 and 2011, but social indicators remain mixed, and some are incompatible with Congo’s status as a middle-income country (MIC).
22-May-2017
English
Economic growth was 2.1% in 2016 due to the ongoing electricity crisis, but thanks to the new government’s efforts to resolve and clean up public finances, growth is projected to reach 3.4% in 2017 and 4.1% in 2018. The 2016 elections led to political change: the new President of the Union and the three island governors were all elected from the opposition.
22-May-2017
English
The costs involved in combatting jihadi movements and the continuing low world price of oil mean that economic growth, which was already negative in 2016, will again be so in 2017. The economic, financial and security environments are particularly difficult, and the extension of structural reforms seems essential if macroeconomic stability is to be maintained in 2017.
22-May-2017
English
Despite a downward revision, real GDP in 2016 was estimated to have increased by 5.1%, buoyed by recovery in extractive industries. The country is experiencing a degree of macroeconomic stability and taking measures to implement structural reforms, but the authorities still do not have control of the entire territory and people still fall victim to violence.
22-May-2017
English
Growth stood at 4.7% in 2016, down 1 percentage point from 2015 due to a decline in the secondary sector, especially the extractive industries. A policy further diversifying the economy’s primary sector and rationalising infrastructure investment has mitigated budgetary and current-account imbalances.
22-May-2017
English
After experiencing low growth due to the impact of the European and global financial crises, the economy recovered in 2016 to 3.2%, and is expected to continue along the same trajectory in 2017 and 2018, with GDP growth rates of 3.7% and 4.1%, respectively.
22-May-2017
English
After a recession in 2015 that saw GDP contract by 3.9%, economic growth resumed in Burundi in 2016, but too slowly (0.9%) to improve the living conditions of the population. The socio-political crisis related expenditure led to a widening of the fiscal deficit to 6.7% of GDP in 2016 and caused excessive reliance on domestic debt, while a freeze on aid by international donors is affecting social expenditure.
22-May-2017
English
After a period of social and political unrest, the economy is expected to bounce back strongly in 2017 with growth of 8.4%, driven by extractive industries and public investment. The country needs to underpin this revival by improving its ability to absorb investment costs and control the threat of jihadist violence.