| Economy | Chad |
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Economy - overview:
|
Chad's primarily agricultural economy will continue to be boosted by major foreign direct investment projects in the oil sector that began in 2000. At least 80% of Chad's population relies on subsistence farming and livestock raising for its livelihood. Chad's economy has long been handicapped by its landlocked position, high energy costs, and a history of instability. Chad relies on foreign assistance and foreign capital for most public and private sector investment projects. A consortium led by two US companies has been investing $3.7 billion to develop oil reserves - estimated at 1 billion barrels - in southern Chad. Chinese companies are also expanding exploration efforts and plan to build a refinery. The nation's total oil reserves have been estimated to be 1.5 billion barrels. Oil production came on stream in late 2003. Chad began to export oil in 2004. Cotton, cattle, and gum arabic provide the bulk of Chad's non-oil export earnings. |
GDP (purchasing power parity):
|
$16.26 billion (2008 est.)
$15.99 billion (2007)
$15.79 billion (2006)
note: data are in 2008 US dollars |
GDP - per capita (PPP):
|
$1,600 (2008 est.)
$1,600 (2007 est.)
$1,600 (2006 est.)
note: data are in 2008 US dollars |
GDP (official exchange rate):
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$9.106 billion (2008 est.) |
GDP - real growth rate:
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1.7% (2008 est.)
1.3% (2007 est.)
0.2% (2006 est.) |
GDP - composition by sector:
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agriculture: 20.5%
industry: 48%
services: 31.5% (2008 est.) |
Investment (gross fixed):
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8.5% of GDP (2008 est.) |
Population below poverty line:
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80% (2001 est.) |
Household income or consumption by percentage share:
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lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
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10% (2008 est.) |
Central bank discount rate:
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5.25% (31 December 2007) |
Commercial bank prime lending rate:
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15% (31 December 2007) |
Stock of money:
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$874.5 million (31 December 2007) |
Stock of money - per capita:
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85 USD per capita |
Stock of quasi money:
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$55.23 million (31 December 2007) |
Stock of quasi money - per capita:
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6 USD per capita |
Stock of domestic credit:
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$82.81 million (31 December 2007) |
Stock of domestic credit - per capita:
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9 USD per capita |
Labor force:
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3.747 million (2006) |
Labor force participation rate:
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36.28 % of population |
Labor force - by occupation:
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agriculture: 80% (subsistence farming, herding, and fishing)
industry and services: 20% (2006 est.) |
Unemployment rate:
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NA% |
Budget:
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revenues: $2.142 billion
expenditures: $2.125 billion (2008 est.) |
Budget revenues per capita:
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208 USD per capita |
Public debt:
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void |
Industries:
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oil, cotton textiles, meatpacking, brewing, natron (sodium carbonate), soap, cigarettes, construction materials |
Industrial production growth rate:
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2% (2008 est.) |
Electricity - production:
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95 million kWh (2006 est.) |
Electricity - production per capita:
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10 kWh per capita |
Electricity - consumption:
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88.35 million kWh (2006 est.) |
Electricity - consumption - per capita:
|
9 kWh per capita |
Electricity - exports:
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0 kWh (2007 est.) |
Electricity - imports:
|
0 kWh (2007 est.) |
Oil - production:
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156,000 bbl/day (2008 est.) |
Oil - production per capita:
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15,103 bbl/day per capita |
Oil - consumption:
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1,352 bbl/day (2006 est.) |
Oil - consumption - per capita:
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0.05 bbl/year per capita |
Oil - exports:
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176,700 bbl/day (2005) |
Oil - imports:
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1,492 bbl/day (2005) |
Oil - proved reserves:
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1.5 billion bbl (1 January 2008 est.) |
Natural gas - production:
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0 cu m (2007 est.) |
Natural gas - production per capita:
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void |
Natural gas - consumption:
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0 cu m (2007 est.) |
Natural gas - consumption - per capita:
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void |
Natural gas - exports:
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0 cu m (2007 est.) |
Natural gas - imports:
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0 cu m (2007 est.) |
Natural gas - proved reserves:
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0 cu m (1 January 2006 est.) |
Agriculture - products:
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cotton, sorghum, millet, peanuts, rice, potatoes, manioc (tapioca); cattle, sheep, goats, camels |
Current account balance:
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$527 million (2008 est.) |
Current account balance - per capita:
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52 USD per capita |
Exports:
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$5.501 billion f.o.b. (2008 est.) |
Exports per capita:
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533 USD per capita |
Exports - commodities:
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oil, cattle, cotton, gum arabic |
Exports - partners:
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US 89.5%, Japan 3.7%, China 3.4% (2007) |
Imports:
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$1.47 billion f.o.b. (2008 est.) |
Imports per capita:
|
143 USD per capita |
Imports - commodities:
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machinery and transportation equipment, industrial goods, foodstuffs, textiles |
Imports - partners:
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France 20.4%, Cameroon 16.1%, US 10.9%, China 10%, Germany 7.5%, Saudi Arabia 4.4% (2007) |
Reserves of foreign exchange and gold:
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$1.12 billion (31 December 2008 est.) |
Reserves of foreign exchange and gold - per capita:
|
109 USD per capita |
Debt - external:
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$1.6 billion (2005 est.) |
Debt - external - per capita:
|
155 USD per capita |
Stock of direct foreign investment - at home:
|
$4.5 billion (2006 est.) |
Stock of direct foreign investment - at home - per capita:
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436 USD per capita |
Stock of direct foreign investment - abroad:
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$NA |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
$NA |
Market value of publicly traded shares - per capita:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
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ODA, $379.8 million (2005) |
Economic aid - recipient per capita:
|
37 USD per capita |
Currency (code):
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Communaute Financiere Africaine franc (XAF); note - responsible authority is the Bank of the Central African States |
Exchange rates:
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Cooperation Financiere en Afrique Centrale francs (XAF) per US dollar - 447.81 (2008 est.), 480.1 (2007), 522.59 (2006), 527.47 (2005), 528.29 (2004)
note: since 1 January 1999, the Central African CFA franc (XAF) has been pegged to the euro at a rate of 655.957 CFA francs per euro; Central African CFA franc (XAF) coins and banknotes are not accepted in countries using West African CFA francs (XOF), and vice versa, even though the two currencies trade at par |
Fiscal year:
|
calendar year |
|
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