Economy of Chad

Economy of Chad
Currency	Central African CFA franc (XAF)
Fiscal year	Calendar year
Trade organisations	AU, WTO
Statistics
GDP	$19.79 billion (2011 est.)
GDP growth	1.6% (2011 est.)
GDP per capita	$1,900 (2011 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
External
Exports	$4.114 billion (2011 est.)
Export goods	oil, cattle, cotton, gum arabic
Main export partners	United States 83.2%, China 6.8%, France 5.6% (2011)
Imports	$3.512 billion (2011 est.)
Import goods	machinery and transportation equipment, industrial goods, foodstuffs, textiles
Main import partners	Cameroon 16.9%, France 15.7%, China 10.7%, Finland 6.5%, Sweden 6.0%, Saudi Arabia 5.0%, Belgium 4.4% (2011)
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

• Chad
• Economy of Africa

References

•  This article incorporates public domain material from websites or documents of the CIA World Factbook.

External links

• Economy of Chad at the Open Directory Project
• Chad latest trade data on ITC Trade Map
• World Bank -- Chad-Cameroon Pipeline Project