Economy of Chad

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Economy of Chad
Tailor in Chad.jpg
A tailor in Chad
Currency Central African CFA franc (XAF)
Calendar year
Trade organisations
AU, WTO
Statistics
GDP $11.02 billion (2012 est.)
GDP growth
2.8% (2015), -6.3% (2016),
-3.0% (2017e), 2.6% (2018f) [1]
GDP per capita
$885.11 (2012 est.)
GDP by sector
agriculture: 52.7%; industry: 6.7%; services: 40.6% (2011 est.)
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
180th (2017)[2]
External
Exports $4.114 billion (2011 est.)
Export goods
oil, cattle, cotton, gum arabic
Main export partners
 United States 58.5%
 India 13.3%
 Japan 11.3%
 China 4.1% (2015)[3]
Imports $3.512 billion (2011 est.)
Import goods
machinery and transportation equipment, industrial goods, foodstuffs, textiles
Main import partners
 France 16.5%
 China 14.2%
 Cameroon 11%
 United States 6.4%
 India 6%
 Belgium 5.7%
 Italy 4.8% (2015)[4]
FDI stock
$4.5 billion (2006 est.)
$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.

Macro-economic trend[edit]

The following table shows the main economic indicators in 1980–2017.

Year[5] 1980 1985 1990 1995 2000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
GDP in $
(PPP)
1.90 Bln. 3.04 Bln. 4.41 Bln. 5.77 Bln. 7.12 Bln. 16.09 Bln. 16.69 Bln. 17.70 Bln. 18.60 Bln. 19.51 Bln. 22.44 Bln. 22.93 Bln. 25.41 Bln. 27.30 Bln. 29.71 Bln. 30.56 Bln. 28.96 Bln. 28.55 Bln.
GDP per capita in $
(PPP)
433 610 781 874 952 1,781 1,802 1,864 1,911 1,956 2,195 2,188 2,366 2,480 2,633 2,642 2,443 2,344
GDP Growth
(real)
−6.0 % 7.9 % 3.2 % −0.8 % −0.9 % 28.5 % 0.6 % 3.3 % 3.1 % 4.1 % 13.6 % 0.1 % 8.8 % 5.8 % 6.9 % 1.8 % −6.4 % −3.1 %
Government debt
(Percentage of GDP)
... ... ... ... 68 % 28 % 26 % 22 % 20 % 32 % 30 % 31 % 29 % 31 % 42 % 44 % 52 % 53 %

See also[edit]

References[edit]

  1. ^ "World Bank forecasts for Chad, June 2018 (p. 153)" (PDF). World Bank. Retrieved 11 September 2018.
  2. ^ "Ease of Doing Business in Chad". Doingbusiness.org. Retrieved 2017-01-23.
  3. ^ "Export Partners of Chad". CIA World Factbook. 2015. Retrieved 26 July 2016.
  4. ^ "Import Partners of Chad". CIA World Factbook. 2015. Retrieved 26 July 2016.
  5. ^ "Report for Selected Countries and Subjects". www.imf.org. Retrieved 2018-08-24.
General

External links[edit]