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Economy of DR Congo vs Ghana compared: GDP & Debt

Updated on by Georank team

The DR Congo has a GDP of $70.7B compared to $82.8B for Ghana, ranking 87/197 and 79/197 by economy size, respectively.

The DR Congo has $13.7B in government debt (16.3% of GDP), compared to $58.4B (66.4% of GDP) in Ghana.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

DR Congo
GDP, current $

GDP, constant 2015 $
Ghana
GDP, current $

GDP, constant 2015 $
Year GDP
DR Congo Ghana
Current $ Constant $ Current $ Constant $
1960 $3,359,404,118 $19,168,015,352 $1,217,230,095 $7,662,648,270
1961 $3,086,746,857 $17,088,021,918 $1,302,674,325 $7,925,452,127
1962 $3,779,841,429 $20,710,801,757 $1,382,515,654 $8,251,121,525
1963 $6,213,185,743 $21,790,660,917 $1,540,797,589 $8,614,663,811
1964 $2,881,545,273 $21,258,920,074 $1,731,296,200 $8,804,989,947
1965 $4,043,901,818 $21,470,945,657 $2,053,462,968 $8,925,530,160
1966 $4,532,660,182 $22,925,706,424 $2,126,300,672 $8,545,455,169
1967 $3,384,063,372 $22,699,718,873 $1,747,187,645 $8,808,259,025
1968 $3,909,780,539 $23,683,229,244 $1,666,909,518 $8,840,749,198
1969 $5,032,434,970 $25,892,599,200 $1,962,050,556 $9,371,740,063
1970 $4,877,684,910 $25,829,147,683 $2,215,028,588 $10,282,998,639
1971 $5,594,770,359 $27,380,192,668 $2,417,108,578 $10,819,372,657
1972 $6,173,712,814 $27,421,573,863 $2,112,293,280 $10,550,223,948
1973 $7,870,239,461 $29,652,942,981 $3,006,766,758 $10,854,554,041
1974 $9,596,960,180 $30,581,253,827 $2,894,409,938 $11,598,364,184
1975 $10,237,343,174 $29,057,808,604 $2,810,106,383 $10,156,498,576
1976 $9,648,583,225 $27,515,128,941 $2,765,254,237 $9,797,955,609
1977 $12,344,424,764 $27,724,462,281 $3,189,428,571 $10,020,771,627
1978 $15,372,608,002 $26,242,508,948 $3,662,478,185 $10,870,125,777
1979 $15,068,422,236 $26,355,374,899 $4,020,227,920 $10,596,748,482
1980 $14,394,927,495 $26,933,852,428 $4,445,228,216 $10,646,732,914
1981 $12,537,821,038 $27,566,939,114 $4,222,441,860 $10,273,770,733
1982 $13,651,667,371 $27,440,771,406 $4,035,994,398 $9,562,450,763
1983 $11,006,712,650 $27,828,153,788 $4,057,275,132 $9,126,045,611
1984 $7,857,729,193 $29,370,132,388 $4,412,279,843 $9,915,226,744
1985 $7,195,042,616 $29,507,540,832 $4,504,306,723 $10,420,072,142
1986 $8,095,367,168 $30,899,473,397 $5,735,677,434 $10,961,828,435
1987 $7,661,625,473 $31,726,232,824 $5,074,829,932 $11,487,437,024
1988 $8,861,299,977 $31,875,467,102 $5,197,765,032 $12,133,969,367
1989 $9,021,862,775 $31,471,907,548 $5,251,858,440 $12,751,087,602
1990 $9,349,764,580 $29,404,734,879 $5,889,106,573 $13,175,548,086
1991 $9,625,436,873 $26,928,547,012 $6,603,185,268 $13,871,457,663
1992 $8,227,343,907 $24,101,047,269 $6,416,103,926 $14,409,589,639
1993 $10,706,259,937 $20,854,865,032 $5,968,922,939 $15,108,454,816
1994 $5,820,382,248 $20,041,525,963 $5,446,383,727 $15,607,033,786
1995 $5,643,439,376 $20,181,816,410 $6,464,382,808 $16,248,860,404
1996 $5,771,456,952 $19,975,321,586 $6,932,991,739 $16,996,707,892
1997 $6,090,838,693 $18,853,298,464 $6,891,443,192 $17,709,950,508
1998 $6,217,805,821 $18,547,091,854 $7,482,069,162 $18,542,387,390
1999 $4,711,259,427 $17,755,104,912 $7,718,109,982 $19,358,251,847
2000 $19,088,046,306 $16,528,062,517 $4,982,850,662 $20,074,507,181
2001 $7,438,189,100 $16,180,944,606 $5,314,872,854 $20,877,487,494
2002 $8,728,038,525 $16,657,920,858 $6,166,197,848 $21,816,974,339
2003 $8,937,567,060 $17,587,070,084 $7,632,723,556 $22,951,457,033
2004 $10,297,483,481 $18,772,152,630 $8,881,417,907 $24,236,738,625
2005 $11,964,484,466 $19,923,852,569 $10,744,568,381 $25,666,707,130
2006 $14,451,901,696 $20,983,996,693 $20,885,037,597 $27,309,353,955
2007 $16,737,071,816 $22,297,485,300 $24,827,339,138 $28,496,442,170
2008 $19,788,515,590 $23,685,703,159 $28,679,383,241 $31,103,809,333
2009 $18,648,372,553 $24,361,945,146 $26,048,720,006 $32,610,629,349
2010 $21,565,721,045 $26,093,586,500 $32,197,655,567 $35,186,775,129
2011 $25,839,749,199 $27,887,434,695 $39,336,668,081 $40,129,504,915
2012 $29,306,235,285 $29,863,789,011 $41,271,701,061 $43,858,655,297
2013 $32,679,745,048 $32,396,822,645 $62,845,721,960 $47,065,830,438
2014 $35,909,040,926 $35,464,895,084 $54,678,533,806 $48,410,143,590
2015 $37,917,706,497 $37,917,706,497 $49,436,806,230 $49,436,806,230
2016 $37,134,801,555 $38,827,503,534 $56,144,179,398 $51,104,539,956
2017 $38,019,264,795 $40,274,584,268 $60,385,409,435 $55,258,774,289
2018 $47,568,210,010 $42,619,016,591 $67,259,353,966 $58,684,861,221
2019 $51,775,829,877 $44,487,659,679 $68,352,629,246 $62,503,939,827
2020 $48,716,961,860 $45,259,708,654 $70,008,243,860 $62,825,173,619
2021 $55,328,482,784 $48,065,880,295 $79,514,204,730 $66,014,472,471
2022 $65,801,547,756 $52,355,494,716 $73,919,003,210 $68,526,224,001
2023 $67,006,756,666 $56,862,826,231 $80,547,146,878 $70,678,009,792
2024 $70,749,355,652 $60,658,948,871 $82,825,288,889 $74,695,964,608

Economic indicators

DR Congo Ghana
Gross domestic product
$70.7B
2024
$82.8B
2024
GDP rank
87/197
2024
79/197
2024
GDP growth
5.59%
2023-2024
2.83%
2023-2024
GDP per capita
$647
2024
$2,406
2024
GDP per capita rank
189/197
2024
150/197
2024
GDP per capita, PPP
$1,710
2024
$8,027
2024
Government debt
$13.7B
2024
$58.4B
2024
Debt-to-GDP ratio
16.3%
2025
66.4%
2025
Government debt per person
$125
2024
$1,696
2024
Government debt per person rank
183/185
2024
122/185
2024
Average annual personal income after taxes
$1,758
2025
$1,836
2025
Market capitalization of domestic companies n/a
$7.58B
2024
Income share by richest 10%
35.7%
2020
32.2%
2016
Income share by poorest 10%
2.1%
2020
1.6%
2016
Government expenditure, % of GDP
17.4%
2025
18.8%
2025
Consumer prices inflation
2.89%
2015-2016
22.8%
2023-2024
Central bank interest rate
25%
2023
28%
2024
Unemployment rate
1.47%
2020
2.87%
2022
Population
115740092
35572974

GDP per capita in DR Congo vs Ghana

The DR Congo's GDP per capita is $647, ranking 189/197, compared to $2,406 in Ghana, ranking 150/197. Adjusted for purchasing power (GDP per capita PPP), the DR Congo ranks 191st at $1,710, while Ghana ranks 138th at $8,027.

DR Congo
GDP per capita

GDP per capita, PPP
Ghana
GDP per capita

GDP per capita, PPP
Year Current $
DR Congo Ghana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $220.1 - $174.9 -
1961 $197.1 - $181.9 -
1962 $235.1 - $188.4 -
1963 $376 - $205 -
1964 $169.9 - $225 -
1965 $232 - $260.5 -
1966 $252.8 - $263.3 -
1967 $183.3 - $211.2 -
1968 $205.6 - $196.7 -
1969 $257.1 - $225.8 -
1970 $242.2 - $248.2 -
1971 $270.3 - $263.4 -
1972 $290.5 - $223.8 -
1973 $361 - $310 -
1974 $428 - $289.4 -
1975 $445 - $273 -
1976 $408 - $261 -
1977 $509 - $292.3 -
1978 $615 - $326 -
1979 $582 - $347 -
1980 $539 - $372 -
1981 $456 - $344 -
1982 $482 - $319 -
1983 $376 - $311 -
1984 $259.8 - $330 -
1985 $230.1 - $330 -
1986 $250.9 - $411 -
1987 $230.1 - $355 -
1988 $257.7 - $355 -
1989 $254.2 - $350 -
1990 $254.9 $832 $383 $1,581
1991 $253.8 $762 $418 $1,678
1992 $209.7 $674 $396 $1,739
1993 $263.3 $576 $360 $1,821
1994 $136.5 $540 $321 $1,875
1995 $127 $532 $372 $1,947
1996 $127.4 $526 $389 $2,026
1997 $132.3 $497 $378 $2,097
1998 $131.5 $481 $400 $2,167
1999 $96.3 $452 $403 $2,239
2000 $378 $417 $253.7 $2,315
2001 $142.7 $404 $263.5 $2,397
2002 $162.4 $410 $297.5 $2,475
2003 $161.5 $428 $358 $2,584
2004 $180.7 $456 $406 $2,729
2005 $203.6 $484 $479 $2,904
2006 $238.4 $509 $906 $3,103
2007 $267.9 $539 $1,050 $3,241
2008 $307 $567 $1,183 $3,516
2009 $280.8 $569 $1,048 $3,617
2010 $315 $597 $1,264 $3,855
2011 $365 $630 $1,507 $4,381
2012 $400 $632 $1,544 $4,934
2013 $431 $712 $2,295 $5,215
2014 $458 $805 $1,950 $5,517
2015 $468 $859 $1,723 $5,191
2016 $442 $914 $1,912 $5,011
2017 $437 $1,003 $2,012 $5,171
2018 $528 $1,069 $2,195 $5,536
2019 $557 $1,167 $2,187 $6,003
2020 $508 $1,136 $2,195 $6,047
2021 $558 $1,314 $2,445 $6,608
2022 $643 $1,484 $2,230 $7,208
2023 $633 $1,616 $2,384 $7,556
2024 $647 $1,710 $2,406 $8,027

Spending and national debt comparison

In 2024, the DR Congo's government spending was $12.6B, accounting for 17.4% of its GDP, while Ghana's spent $19.3B, or 18.8% of GDP.

Debt-to-GDP ratio is 16.3% in the DR Congo and 66.4% in Ghana, ranking 175/185 and 64/185, respectively.

DR Congo
Government spending

Government debt
Ghana
Government spending

Government debt
Year % of GDP
DR Congo Ghana
Government spending Government debt Government spending Government debt
1962 - - 12.5% 11.8%
1963 - - 15.3% 30.5%
1964 - - 15.8% 30.8%
1965 - - 14.2% 30.2%
1966 - - 9.12% 29.8%
1967 - - 11.5% 33.9%
1968 - - 12.3% 34.5%
1969 - - 11.2% 31.4%
1970 - - 12.2% 31.9%
1971 - - 11.7% 29.5%
1972 - - 11.4% 29.8%
1973 - - 9.35% 25.4%
1974 - - 9.52% 21.8%
1975 - - 13.2% 21.8%
1976 - - 12.8% 26%
1977 - - 10.5% 20.7%
1978 - - 6.54% 11.4%
1979 - - 9.14% 11.9%
1980 - - 7.77% 10.1%
1981 - - 5.82% 8.88%
1982 - - 4.76% 8.58%
1983 - - 3.63% 9.6%
1984 - - 4.88% 13.7%
1985 - - 6.36% 15.1%
1986 - - 7.82% 19.5%
1987 - - 7.89% 28.9%
1988 - - 7.83% 25.4%
1989 - - 7.8% 24.8%
1990 - - 6.59% 17.8%
1991 - - 7.09% 17.3%
1992 - - 9.2% 21.3%
1993 - - 12.1% 34.1%
1994 - - 12.7% 50.6%
1995 - - 13% 47.6%
1996 2.17% - 12.4% 42.9%
1997 2.51% - 12% 45.2%
1998 2.78% - 11.8% 37.6%
1999 2.15% - 11.1% 51.7%
2000 2.49% 135% 12% 74.5%
2001 4.26% 185.4% 13.8% 57.8%
2002 4.17% 136% 10.7% 54.1%
2003 9.19% 114.5% 12.1% 49.3%
2004 8.11% 164.1% 13.7% 38.4%
2005 8.28% 112% 12.9% 31.7%
2006 8.45% 107.5% 14.4% 17.3%
2007 8.78% 85.1% 16.8% 21.1%
2008 10.1% 80.3% 16.6% 23.2%
2009 12.4% 91.6% 16.6% 25.4%
2010 15.4% 31.8% 19% 32.9%
2011 13.7% 29.3% 19.5% 31.2%
2012 13.4% 25.1% 22.1% 35.5%
2013 11.9% 23.8% 21.6% 42.9%
2014 12.9% 22.8% 21% 50.1%
2015 15.2% 25.5% 18.6% 53.9%
2016 13.9% 33% 19.9% 55.9%
2017 10.4% 23.2% 17.6% 57%
2018 11.7% 19.3% 20.9% 62%
2019 13.4% 19.4% 22.5% 58.3%
2020 12.6% 24.9% 31.5% 72.3%
2021 14.4% 24.7% 27.2% 79.2%
2022 18.2% 22.6% 27.5% 85.7%
2023 17.2% 25.1% 18.5% 76.4%
2024 17.8% 19.3% 23.3% 70.5%
2025 17.4% 16.3% 18.8% 66.4%

Government deficit by year

In 2024, the DR Congo's government deficit, the difference between spending and revenue, was -$1.43B, equivalent to -2.02% of GDP. This compares to Ghana's deficit of -$6.36B, or -7.68% of GDP.

Over the past 29 years, the DR Congo recorded a fiscal deficit in 19 of those years, while Ghana ran a deficit in 29 years. On average, the DR Congo posted an annual deficit equal to -0.57% of GDP, compared to deficit of -6.09% of GDP for Ghana.

Deficit/surplus
DR Congo

Ghana
Year Deficit/surplus, % of GDP
DR Congo Ghana
1962 - -5.04%
1963 - -5.66%
1964 - -3.72%
1965 - -3.29%
1966 - -1.29%
1967 - -2.32%
1968 - -2.34%
1969 - -2.67%
1970 - -2.35%
1971 - 0.13%
1972 - -2.19%
1973 - -2.64%
1974 - -2.06%
1975 - -4.05%
1976 - -5.53%
1977 - -4.68%
1978 - -1.21%
1979 - -3.61%
1980 - -4.9%
1981 - -3.85%
1982 - -2.05%
1983 - -1.18%
1984 - -1.03%
1985 - -1.25%
1986 - -1.35%
1987 - -1%
1988 - -1.16%
1989 - -0.88%
1990 - -1.93%
1991 - -1.47%
1992 - -4.5%
1993 - -5.39%
1994 - -4.99%
1995 - -4.52%
1996 -0.56% -5.61%
1997 -1.06% -6.14%
1998 -1.55% -5.27%
1999 -1.35% -5.64%
2000 -1.85% -3.98%
2001 -1.27% -3.64%
2002 0.72% -2.73%
2003 -4.24% -1.99%
2004 -1.09% -2.02%
2005 0.61% -1.87%
2006 0.99% -3.11%
2007 0.41% -4.91%
2008 -0.41% -5.56%
2009 0.92% -5.05%
2010 -0.97% -7.13%
2011 -0.96% -5.47%
2012 1.71% -8.36%
2013 1.76% -9.12%
2014 4.36% -7.81%
2015 0.66% -4.01%
2016 -0.48% -6.75%
2017 0.24% -3.97%
2018 -1.17% -6.79%
2019 -2.63% -7.52%
2020 -3.19% -17.4%
2021 -1.4% -12%
2022 -0.91% -11.8%
2023 -1.73% -3.37%
2024 -2.02% -7.68%
2025 -2.58% -2.76%

Inflation comparison by year

Over the past 21 years, the DR Congo has recorded an average annual inflation rate of 97%, compared with 19% in Ghana. In 2016, inflation was 2.89% in the DR Congo and 22.8% in Ghana.

Inflation
DR Congo

Ghana
Year Inflation
DR Congo Ghana DR Congo Ghana
1996 492% 46.6%
1997 198.5% 27.9%
1998 29.1% 14.6%
1999 284.9% 4.87%
2000 514% 40.2%
2001 360% 41.5%
2002 31.5% 9.36%
2003 12.9% 29.8%
2004 3.99% 18%
2005 21.3% 15.4%
2006 13.1% 11.7%
2007 16.9% 10.7%
2008 17.3% 16.5%
2009 2.8% 19.2%
2010 7.1% 10.7%
2011 15.3% 8.73%
2012 9.72% 11.2%
2013 0.81% 11.7%
2014 1.24% 15.5%
2015 0.74% 17.1%
2016 2.89% 17.5%
2017 - 12.4%
2018 - 7.81%
2019 - 7.14%
2020 - 9.89%
2021 - 9.97%
2022 - 31.3%
2023 - 38.1%
2024 - 22.8%

Top exports between countries

DR Congo
Export category Export value
Machinery & equipment $16.4M
Textiles & consumer goods $599K
Weapons & explosives $592K
Precious metals & jewellery $32K
Metals $12K
Chemicals & pharma $9K
Raw materials & minerals $7K
Ghana
Export category Export value
Processed food, beverages & tobacco $1.54M
Machinery & equipment $328K
Textiles & consumer goods $54K
Chemicals & pharma $32K
Raw materials & minerals $15K
Metals $11K
Raw agricultural goods $2K
Wood & paper products $2K

Balance of trade

DR Congo Ghana
Current account balance
-$2.72B
2024
$1.68B
2024
Current account balance ranking
150/189
2024
48/189
2024
Current account balance, % of GDP
-3.84%
2024
+2.03%
2024
Goods imports
$31B
2024
$15.4B
2024
Goods exports
$34.9B
2024
$19.2B
2024
Service imports
$6.14B
2024
$11.5B
2024
Service exports
$322M
2024
$9.27B
2024
Imports of goods and services, % of GDP
50.9%
2024
34.1%
2024
Exports of goods and services, % of GDP
46.6%
2024
35.3%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

DR Congo Ghana
Economic freedom 47.3 56
Economic freedom ranking 177/197 124/197
Property rights 15.6 50.5
Government integrity 11.7 45.8
Judicial effectiveness 12 58.2
Tax burden 74.2 79.9
Government spending 92.4 81.6
Fiscal health 97 6.2
Business freedom 32.8 56.6
Labor freedom 54.4 55.9
Monetary freedom 59.4 52.7
Trade freedom 68.2 64.4
Investment freedom 30 60
Financial freedom 20 60

Economic freedom by year comparison

The Economic Freedom Index for the DR Congo is 47.3, ranking 177/197, compared to 56 for Ghana, ranking 124/197. The chart below displays a comparison of annual changes in economic freedom indexes.

DR Congo
Ghana
Year Economic freedom index
DR Congo Ghana
1995 41.4 55.6
1996 39.5 57.7
1997 39.5 56.7
1998 40.6 57
1999 34 57.9
2000 34.8 58.1
2001 - 58
2002 - 57.2
2003 - 58.2
2004 - 59.1
2005 - 56.5
2006 - 55.6
2007 - 57.6
2008 - 57
2009 42.8 58.1
2010 41.4 60.2
2011 40.7 59.4
2012 41.1 60.7
2013 39.6 61.3
2014 40.6 64.2
2015 45 63
2016 46.4 63
2017 56.4 56.2
2018 52.1 56
2019 50.3 57.5
2020 49.5 59.4
2021 49 59.2
2022 47.6 59.8
2023 47.9 58
2024 47.6 55.8
2025 47.3 56

More economic indicators

DR Congo Ghana
Services, % of GDP
33%
2024
43.9%
2024
Industry, % of GDP
46.6%
2024
28.8%
2024
Agriculture, forestry, and fishing, % of GDP
17.1%
2024
20.7%
2024
GNI, Atlas method
$70.4B
2024
$79.8B
2024
GNI per capita, PPP
$1,650
2024
$7,730
2024
Total reserves including gold
$5.1B
2023
$3.62B
2023
Total reserves ranking
99/177
2023
112/177
2023
Net foreign direct investment
-$2.92B
2024
-$1.76B
2024
Net inflows of foreign direct investment
$2.92B
2024
$1.77B
2024
Net outflows of foreign direct investment
$198M
2024
$5.37M
2024
Servicing debt to the IMF, % of GNI
0.76%
2023
1.71%
2023
Poverty at national poverty lines
56.2%
2020
23.4%
2016
Gross capital formation, % of GDP
33.4%
2024
9.96%
2024

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.