Economy of Chad
From Wikipedia, the free encyclopedia
This article was imported from the CIA World Factbook and may require rewriting and/or reformatting to meet Wikipedia's quality standards. |
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
|
1.6% (2011 est.) |
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 |
183rd[1] | |
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)[2] |
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)[3] |
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[update]) |
Foreign reserves
|
$887.5 million (31 December 2011 est.) |
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[edit]
References[edit]
- ^ "Doing Business in Chad 2012". World Bank. Retrieved 2011-11-18.
- ^ "Export Partners of Chad". CIA World Factbook. 2015. Retrieved 26 July 2016.
- ^ "Import Partners of Chad". CIA World Factbook. 2015. Retrieved 26 July 2016.
- General
- This article incorporates public domain material from websites or documents of the CIA World Factbook.