GeographyIQ.comGeographyIQ.com
  Home
  Rankings


A B C D E F
G H I J K L
M N O P Q R
S T U V W Y
Z          


Currency Converter

 


World > Africa > Chad > Economy (Facts)

Chad - Economy (Facts)
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. Over 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. The nation's total oil reserves have been estimated to be 2 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 - real growth rate: 1% (2006 est.)
GDP (purchasing power parity): $14.98 billion (2006 est.)
GDP (official exchange rate): $4.967 billion (2006 est.)
GDP - per capita (PPP): $1,500 (2006 est.)
GDP - composition by sector: agriculture: 32.5%
industry: 26.6%
services: 40.8% (2006 est.)
Population below poverty line: 80% (2001 est.)
Household income or consumption by percentage share: lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices): 4% (2006 est.)
Labor force: 2.719 million (1993)
Labor force - by occupation: agriculture: 80% (subsistence farming, herding, and fishing)
industry and services: 20%
Unemployment rate: NA
Budget: revenues: $617.3 million
expenditures: $877.6 million; including capital expenditures of $146 million (2006 est.)
Industries: oil, cotton textiles, meatpacking, beer brewing, natron (sodium carbonate), soap, cigarettes, construction materials
Industrial production growth rate: 5% (1995)
Electricity - production: 94 million kWh (2004)
Electricity - consumption: 87.42 million kWh (2004)
Electricity - exports: 0 kWh (2004)
Electricity - imports: 0 kWh (2004)
Oil - production: 225,000 bbl/day (2005 est.)
Oil - consumption: 1,460 bbl/day (2004 est.)
Oil - exports: 170,000 bbl/day
Oil - imports: NA bbl/day
Oil - proved reserves: 0 bbl (1 January 2005)
Natural gas - production: 0 cu m (2004 est.)
Agriculture - products: cotton, sorghum, millet, peanuts, rice, potatoes, manioc (tapioca); cattle, sheep, goats, camels
Exports: $4.342 billion f.o.b. (2006 est.)
Exports - commodities: cotton, cattle, gum arabic, oil
Exports - partners: US 79.2%, China 10.2%, Taiwan 4% (2006)
Imports: $823.1 million f.o.b. (2006 est.)
Imports - commodities: machinery and transportation equipment, industrial goods, foodstuffs, textiles
Imports - partners: France 19.1%, Cameroon 18.1%, US 12.9%, Germany 7.5%, Saudi Arabia 5.1%, Belgium 5% (2006)
Debt - external: $1.5 billion (2003 est.)
Economic aid - recipient: ODA, $246.9 million (2003 est.)
Currency: XAF
Currency code: XAF
Exchange rates: Communaute Financiere Africaine francs (XAF) per US dollar - 522.59 (2006), 527.47 (2005), 528.29 (2004), 581.2 (2003), 696.99 (2002)
Fiscal year: calendar year


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Military - Climate - Current Time - Ranking Positions
Notes and Commentary: People - Economy - Government and Political Conditions - Historical Highlights - Foreign Relations - Relations with U.S.



Facts at a Glance
Geography
People
Government
Economy
Communications
Transportation
Military
Climate
Current Time
Ranking Positions


Notes and Commentary
People
Economy
Government and Political Conditions
Historical Highlights
Foreign Relations
Relations with U.S.





   Privacy Policy

   Portions of this site are based on public domain works from the U.S. Dept. of State and the CIA World Fact Book
   All original material copyright © 2002 - GeographyIQ.com. All Rights Reserved.
   For comments and feedback, write to us at info@GeographyIQ.com.