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Chad Economy




Chad    Economy Top of Page
Economy - overview: Landlocked Chad's economic development suffers from its geographic remoteness, drought, lack of infrastructure, and political turmoil. About 85% of the population depends on agriculture, including the herding of livestock. Of Africa's Francophone countries, Chad benefited least from the 50% devaluation of their currencies in January 1994. Financial aid from the World Bank, the African Development Fund, and other sources is directed largely at the improvement of agriculture, especially livestock production. The World Bank's decision to back the Doba oil field development and the Chad-Cameroon pipeline will add Chad to the group of already booming West African oil exporters. However, the rank and file may not benefit much from the oil development projects.
GDP: purchasing power parity - $8.1 billion (2000 est.)
GDP - real growth rate: 4% (2000 est.)
GDP - per capita: purchasing power parity - $1,000 (2000 est.)
GDP - composition by sector: agriculture:  40%

industry:  14%

services:  46% (1998)
Population below poverty line: 64% (1995 est.)
Household income or consumption by percentage share: lowest 10%:  NA%

highest 10%:  NA%
Inflation rate (consumer prices): 3% (2000 est.)
Labor force: NA
Labor force - by occupation: agriculture 85% (subsistence farming, herding, and fishing)
Unemployment rate: NA%
Budget: revenues:  $198 million

expenditures:  $218 million, including capital expenditures of $146 million (1998 est.)
Industries: cotton textiles, meatpacking, beer brewing, natron (sodium carbonate), soap, cigarettes, construction materials
Industrial production growth rate: 5% (1995)
Electricity - production: 90 million kWh (1999)
Electricity - production by source: fossil fuel:  100%

hydro:  0%

nuclear:  0%

other:  0% (1999)
Electricity - consumption: 83.7 million kWh (1999)
Electricity - exports: 0 kWh (1999)
Electricity - imports: 0 kWh (1999)
Agriculture - products: cotton, sorghum, millet, peanuts, rice, potatoes, manioc (tapioca); cattle, sheep, goats, camels
Exports: $172 million (f.o.b., 2000 est.)
Exports - commodities: cotton, cattle, textiles
Exports - partners: Portugal 38%, Germany 12%, Thailand, Costa Rica, South Africa, France (1999)
Imports: $223 million (f.o.b., 2000 est.)
Imports - commodities: machinery and transportation equipment, industrial goods, petroleum products, foodstuffs, textiles
Imports - partners: France 40%, Cameroon 13%, Nigeria 12%, India 5% (1999)
Debt - external: $1 billion (1999 est.)
Economic aid - recipient: $238.3 million (1995); note - $125 million committed by Taiwan (August 1997); $30 million committed by African Development Bank
Currency: Communaute Financiere Africaine franc (XAF); note - responsible authority is the Bank of the Central African States
Currency code: XAF
Exchange rates: Communaute Financiere Africaine francs (XAF) per US dollar - 699.21 (January 2001), 711.98 (2000), 615.70 (1999), 589.95 (1998), 583.67 (1997), 511.55 (1996); note - from 1 January 1999, the XAF is pegged to the euro at a rate of 655.957 XAF per euro
Fiscal year: calendar year

 

Countryfacts Information Courtesy: CIA Worldbook








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