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The economy of the second largest country in Africa relies heavily on mining. The Congo is the world's largest producer of cobalt ore, [43] and a major producer of copper and industrial diamonds. The Congo has more than 30% of the world's diamond reserves., [44] mostly in the form of small, industrial
Earlier in the 1990s, Congo's major employer was the state bureaucracy, which had a payroll of 80,000, which is enormous for a country of Congo's size.The World Bank and other international financial institutions pressured Congo to institute sweeping civil service reforms to reduce the size of the state bureaucracy and pare back a civil service payroll that amounted to more than 20% of GDP in ...
The Democratic Republic of the Congo [b] (DRC), also known as the DR Congo, Congo-Kinshasa, or simply the Congo, is a country in Central Africa. By land area, the country is the second-largest country in Africa and the 11th-largest in the world.
Countries in Africa are sorted according to data from the International Monetary Fund. [1] The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. [2]
Demographic features of the population of the Democratic Republic of the Congo include ethnicity, education level, health, economic status, religious affiliations and other aspects of the population. As many as 250 ethnic groups have been distinguished and named. [1] The most numerous people are the Luba, Mongo, and Kongo.
The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent. As of 2019, approximately 1.3 billion people [19] were living in 53 countries in Africa. Africa is a resource-rich continent. [20] [21] Recent growth has been due to growth in sales, commodities, services, and manufacturing. [22]
Thus, Congo is one of the most urbanized countries in Africa, with 85% of its total population living in a few urban areas, namely in Brazzaville, Pointe-Noire, or one of the small cities or villages lining the 534-kilometre (332 mi) railway which connects the two cities. In rural areas, industrial and commercial activity has declined rapidly ...
In 1908, France organized French Equatorial Africa (AEF), comprising the Middle Congo, Gabon, Chad, and Oubangui-Chari (which later became the Central African Republic). The French designated Brazzaville as the federal capital. Economic development during the first 50 years of colonial rule in Congo centered on natural resource extraction.