Economy of Chad

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Economy of Chad
Tailor in Chad.jpg
A tailor in Chad
Currency Central African CFA franc (XAF)
Fiscal year Calendar year
Trade organisations AU, WTO
Statistics
GDP $11.02 billion (2012 est.)
GDP growth 1.6% (2011 est.)
GDP per capita $885.11 (2012 est.)
GDP by sector agriculture: 52.7%; industry: 6.7%; services: 40.6% (2011 est.)
Inflation (CPI) 2% (2011 est.)
Population
below poverty line
80% (2001 est.)
Labour force 4.293 million (2007)
Labour force
by occupation
agriculture: 80% (subsistence farming, herding, and fishing); industry and services: 20% (2006 est.)
Main industries oil, cotton textiles, meatpacking, brewing, natron (sodium carbonate), soap, cigarettes, construction materials
Ease of doing business rank 183rd[1]
External
Exports $4.114 billion (2011 est.)
Export goods oil, cattle, cotton, gum arabic
Main export partners  United States 82.5%
 China 6.7% (2012 est.)[2]
Imports $3.512 billion (2011 est.)
Import goods machinery and transportation equipment, industrial goods, foodstuffs, textiles
Main import partners  China 19.8%
 Cameroon 19.7%
 France 15.8%
 Saudi Arabia 5.4%
 United States 4.1% (2012 est.)[3]
FDI stock $4.5 billion (2006 est.)
Gross external debt $1.769 billion (2011 est.)
Public finances
Revenues $2.501 billion (2011 est.)
Expenses $3.482 billion (2011 est.)
Economic aid $238.3 million (recipient) note - $125 million committed by Taiwan (1997); $30 million committed by African Development Bank; ODA $150 million 2001)
Foreign reserves $887.5 million (31 December 2011 est.)

Main data source: CIA World Fact Book

All values, unless otherwise stated, are in US dollars

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 Bank, and other sources is directed largely at the improvement of agriculture, especially livestock production. Because of lack of financing, the development of oil fields near Doba, originally due to finish in 2000, was delayed until 2003. It was finally developed and is now operated by Exxon Mobil Corporation.

See also[edit]

References[edit]

  1. ^ "Doing Business in Chad 2012". World Bank. Retrieved 2011-11-18. 
  2. ^ "Export Partners of Chad". CIA World Factbook. 2012. Retrieved 2013-07-28. 
  3. ^ "Import Partners of Chad". CIA World Factbook. 2012. Retrieved 2013-07-28. 

References[edit]

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