unbekannter Gast

Chad: Economy#

Oil and agriculture drive Chad’s economy. At least 80% of Chad's population relies for its livelihood on subsistence farming and livestock raising and oil provides the bulk of export revenues. Cotton, cattle, and gum arabic provide the bulk of Chad's non-oil export earnings. Remittances have also been an important source of income and Chad relies on foreign assistance and foreign capital for most public and private sector investment. Oil production came on stream in late 2003 and Chad began to export oil in 2004. Economic growth has been positive in recent years due to high oil prices and strong local harvests, but Chad’s fiscal situation is repeatedly exposed to declining oil prices and drought . Recently, the economy has been strained by the costs of repatriating Chadians fleeing the violence in South Sudan and the Central African Republic. Chad's investment climate remains challenging due to limited infrastructure, a lack of trained workers, extensive government bureaucracy, and corruption.

Economic Facts#

GDP (purchasing power parity)$28 billion (2013 est.)
$26.94 billion (2012 est.)
$24.74 billion (2011 est.)
note: data are in 2013 US dollars
GDP - real growth rate3.9% (2013 est.)
8.9% (2012 est.)
0.1% (2011 est.)
GDP - per capita (PPP)$2,500 (2013 est.)
$2,500 (2012 est.)
$2,400 (2011 est.)
note: data are in 2013 US dollars
GDP - composition, by sector of originagriculture: 46.3%
industry: 9.9%
services: 43.8% (2013 est.)
Population below poverty line80% (2001 est.)
Household income or consumption by percentage sharelowest 10%: 2.6%
highest 10%: 30.8% (2003)
Labor force - by occupationagriculture: 80%
industry and services: 20% (2006 est.)
Exports - commoditiesoil, cattle, cotton, gum arabic
Exports - partnersUS 81.9%, China 6.7% (2012)
Agriculture - productscotton, sorghum, millet, peanuts, rice, potatoes, cassava (manioc, tapioca), cattle, sheep, goats, camels
Budgetrevenues: $2.753 billion
expenditures: $3.557 billion (2013 est.)
Imports - commoditiesmachinery and transportation equipment, industrial goods, foodstuffs, textiles
Imports - partnersChina 20.2%, Cameroon 18.2%, France 16.1%, Saudi Arabia 5.6%, US 4.2% (2012)
Exchange ratesCooperation Financiere en Afrique Centrale francs (XAF) per US dollar -
500.7 (2013 est.)
510.53 (2012 est.)
495.28 (2010 est.)
472.19 (2009)
447.81 (2008)
Exports$3.865 billion (2013 est.)
$4.126 billion (2012 est.)
Debt - external$1.828 billion (31 December 2013 est.)
$1.794 billion (31 December 2012 est.)
Fiscal yearcalendar year
Imports$2.701 billion (2013 est.)
$NA (2012 est.)
Industrial production growth rate10% (2013 est.)
Industriesoil, cotton textiles, meatpacking, brewing, natron (sodium carbonate), soap, cigarettes, construction materials
Inflation rate (consumer prices)4.5% (2013 est.)
10.2% (2012 est.)
Labor force4.293 million (2007)
Unemployment rateNA%
Public debt30.5% of GDP (2013 est.)
31.3% of GDP (2012 est.)
Current account balance-$827.1 million (2013 est.)
-$378.9 million (2012 est.)
Reserves of foreign exchange and gold$1.304 billion (31 December 2013 est.)
$1.174 billion (31 December 2012 est.)
GDP (official exchange rate)$13.59 billion (2013 est.)
Stock of direct foreign investment - at home$NA
$4.5 billion (2006 est.)
Stock of direct foreign investment - abroad$NA
Market value of publicly traded shares$NA
Central bank discount rate4.25% (31 December 2009)
4.75% (31 December 2008)
Commercial bank prime lending rate15.5% (31 December 2013 est.)
15.5% (31 December 2012 est.)
Stock of domestic credit$832.4 million (31 December 2013 est.)
NA% (31 December 2012 est.)
Stock of narrow money$1.598 billion (31 December 2013 est.)
$1.442 billion (31 December 2012 est.)
Stock of broad money$1.804 billion (31 December 2013 est.)
$1.559 billion (31 December 2012 est.)
Taxes and other revenues20.3% of GDP (2013 est.)
Budget surplus (+) or deficit (-)-5.9% of GDP (2013 est.)
GDP - composition, by end usehousehold consumption: 25.9%
government consumption: 12.2%
investment in fixed capital: 53%
investment in inventories: 0.3%
exports of goods and services: 32%
imports of goods and services: -23.4%
(2013 est.)
Gross national saving46.4% of GDP (2013 est.)
45.6% of GDP (2012 est.)
45.4% of GDP (2011 est.)