| 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. Remittances are also an important source of income. The Libyan conflict disrupted inflows of remittances to Chad's impoverished western region which relies on income from Chadians living in Libya. A consortium led by two US companies has been investing $3.7 billion to develop oil reserves - estimated at 1.5 billion barrels - in southern Chad. Chinese companies are also expanding exploration efforts and have completed a 311-km pipeline and the country's first refinery. The nation's total oil reserves are estimated at 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):
|
$19.69 billion (2011 est.)
$19.18 billion (2010 est.)
$17.03 billion (2009 est.)
note: data are in 2011 US dollars |
GDP - per capita (PPP):
|
$1,900 (2011 est.)
$1,900 (2010 est.)
$1,700 (2009 est.)
note: data are in 2011 US dollars |
GDP (official exchange rate):
|
$9.6 billion (2011 est.) |
GDP - real growth rate:
|
2.5% (2011 est.)
13% (2010 est.)
-1.2% (2009 est.) |
GDP - composition by sector:
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agriculture: 52.7%
industry: 6.7%
services: 40.6% (2011 est.) |
Investment (gross fixed):
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29.8% of GDP (2011 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%: 2.6%
highest 10%: 30.8% (2003) |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
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6.5% (2011 est.)
-2% (2010 est.) |
Central bank discount rate:
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4.25% (31 December 2009)
4.75% (31 December 2008) |
Commercial bank prime lending rate:
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15% (31 December 2011 est.)
14% (31 December 2010 est.) |
Stock of money:
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$934.9 million (31 December 2008)
$874.5 million (31 December 2007) |
Stock of money - per capita:
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87 USD per capita |
Stock of quasi money:
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$63.42 million (31 December 2008)
$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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$1.144 billion (31 December 2011 est.)
$710.9 million (31 December 2010 est.) |
Stock of domestic credit - per capita:
|
107 USD per capita |
Stock of narrow money:
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$1.48 billion (31 December 2011 est.)
$1.15 billion (31 December 2010 est.) |
Stock of broad money:
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$1.93 billion (31 December 2011 est.)
$1.222 billion (31 December 2010 est.) |
Labor force:
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4.293 million (2007) |
Labor force participation rate:
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39.90 % 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% |
Unemployment, youth ages 15-24:
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void |
Budget:
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revenues: $2.836 billion
expenditures: $3.801 billion (2011 est.) |
Budget revenues per capita:
|
264 USD per capita |
Taxes and other revenues:
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29.5% of GDP (2011 est.) |
Budget surplus (+) or deficit (-):
|
-10% of GDP (2011 est.) |
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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3% (2010 est.) |
Electricity - production:
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100 million kWh (2008 est.) |
Electricity - production per capita:
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10 kWh per capita |
Electricity - consumption:
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93 million kWh (2008 est.) |
Electricity - consumption - per capita:
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9 kWh per capita |
Electricity - exports:
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0 kWh (2009 est.) |
Electricity - imports:
|
0 kWh (2009 est.) |
Oil - production:
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126,200 bbl/day (2010 est.) |
Oil - production per capita:
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11,730 bbl/day per capita |
Oil - consumption:
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2,000 bbl/day (2010 est.) |
Oil - consumption - per capita:
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0.07 bbl/year per capita |
Oil - exports:
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115,000 bbl/day (2009 est.) |
Oil - imports:
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1,837 bbl/day (2009 est.) |
Oil - proved reserves:
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1.5 billion bbl (1 January 2011 est.) |
Natural gas - production:
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0 cu m (2009 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
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0 cu m (2009 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2009 est.) |
Natural gas - imports:
|
0 cu m (2009 est.) |
Natural gas - proved reserves:
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0 cu m (1 January 2011 est.) |
Agriculture - products:
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cotton, sorghum, millet, peanuts, rice, potatoes, manioc (tapioca); cattle, sheep, goats, camels |
Current account balance:
|
-$2.986 billion (2011 est.)
-$2.512 billion (2010 est.) |
Current account balance - per capita:
|
-277 USD per capita |
Exports:
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$4.088 billion (2011 est.)
$3.16 billion (2010 est.) |
Exports per capita:
|
380 USD per capita |
Exports - commodities:
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oil, cattle, cotton, gum arabic |
Exports - partners:
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US 71.9%, China 16.9%, Netherlands 4.6% (2010) |
Imports:
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$3.546 billion (2011 est.)
$2.94 billion (2010 est.) |
Imports per capita:
|
330 USD per capita |
Imports - commodities:
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machinery and transportation equipment, industrial goods, foodstuffs, textiles |
Imports - partners:
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China 29.4%, France 14.3%, Cameroon 12.2%, US 8.1% (2010) |
Reserves of foreign exchange and gold:
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$915.8 million (31 December 2011 est.)
$638.6 million (31 December 2010 est.) |
Reserves of foreign exchange and gold - per capita:
|
86 USD per capita |
Debt - external:
|
$1.743 billion (31 December 2009 est.)
$1.743 billion (31 December 2009 est.) |
Debt - external - per capita:
|
163 USD per capita |
Stock of direct foreign investment - at home:
|
$NA (31 December 2010)
$4.5 billion (2006 est.) |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
$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 |
Currency (code):
|
Communaute Financiere Africaine franc (XAF); note - responsible authority is the Bank of the Central African States |
Exchange rates:
|
Cooperation Financiere en Afrique Centrale francs (XAF) per US dollar -
473.7 (2011 est.)
495.28 (2010 est.)
472.19 (2009)
447.81 (2008)
480.1 (2007) |
Fiscal year:
|
calendar year |
|
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