| 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 |
