| People | 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):
|
$15.95 billion (2007 est.) |
GDP (official exchange rate):
|
$7.4 billion (2007 est.) |
GDP - real growth rate:
|
-1.3% (2007 est.) |
GDP - per capita (PPP):
|
$1,600 (2007 est.) |
GDP - composition by sector:
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agriculture: 22.2%
industry: 47.2%
services: 30.6% (2007 est.) |
Investment (gross fixed):
|
11.5% of GDP (2007 est.) |
Population below poverty line:
|
80% (2001 est.) |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
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4% (2007 est.) |
Labor force:
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3.747 million (2006) |
Labor force participation rate:
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37.06 % 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:
|
NA% |
Budget:
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revenues: $1.889 billion
expenditures: $1.473 billion (2007 est.) |
Budget revenues per capita:
|
187 USD per capita |
Public debt:
|
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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-0.5% (2007 est.) |
Electricity - production:
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95 million kWh (2005) |
Electricity - production per capita:
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10 kWh per capita |
Electricity - consumption:
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88.35 million kWh (2005) |
Electricity - consumption - per capita:
|
9 kWh per capita |
Electricity - exports:
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0 kWh (2005) |
Electricity - imports:
|
0 kWh (2005) |
Oil - production:
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176,700 bbl/day (2005 est.) |
Oil - production per capita:
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17,476 bbl/day per capita |
Oil - consumption:
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1,350 bbl/day (2005 est.) |
Oil - consumption - per capita:
|
0.05 bbl/year per capita |
Oil - exports:
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170,000 bbl/day (2004) |
Oil - imports:
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1,316 bbl/day (2004) |
Oil - proved reserves:
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1.5 billion bbl (1 January 2006 est.) |
Natural gas - production:
|
0 cu m (2005 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2005 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2005 est.) |
Natural gas - imports:
|
0 cu m (2005) |
Natural gas - proved reserves:
|
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:
|
-$144.5 million (2007 est.) |
Current account balance - per capita:
|
-14 USD per capita |
Exports:
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$4.219 billion f.o.b. (2007 est.) |
Exports per capita:
|
418 USD per capita |
Exports - commodities:
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oil, cattle, cotton, gum arabic |
Exports - partners:
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US 80.6%, China 10.4%, South Korea 2.3% (2006) |
Imports:
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$1.149 billion f.o.b. (2007 est.) |
Imports per capita:
|
114 USD per capita |
Imports - commodities:
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machinery and transportation equipment, industrial goods, foodstuffs, textiles |
Imports - partners:
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France 18.6%, Cameroon 17.6%, US 12.5%, Germany 7.4%, Saudi Arabia 5%, Belgium 4.9% (2006) |
Reserves of foreign exchange and gold:
|
$997.3 million (31 December 2007 est.) |
Reserves of foreign exchange and gold - per capita:
|
99 USD per capita |
Debt - external:
|
$1.6 billion (2005 est.) |
Debt - external - per capita:
|
159 USD per capita |
Stock of direct foreign investment - at home:
|
$4.5 billion (2006 est.) |
Stock of direct foreign investment - abroad:
|
$NA |
Market value of publicly traded shares:
|
$NA |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
ODA, $379.8 million (2005) |
Economic aid - recipient per capita:
|
38 USD per capita |
Currency (code):
|
Communaute Financiere Africaine franc (XAF); note - responsible authority is the Bank of the Central African States |
Exchange rates:
|
Communaute Financiere Africaine francs (XAF) per US dollar - 480.1 (2007), 522.59 (2006), 527.47 (2005), 528.29 (2004), 581.2 (2003) |
Fiscal year:
|
calendar year |
|
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